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 November 30, 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


<TABLE>
<CAPTION>
GLOBUS GROWTH GROUP, INC.

CONDENSED BALANCE SHEETS

                                                                           November 30,    February 29,
                                                                               2000           2000
                                                                            -----------    -----------
ASSETS                                                                      (Unaudited)    (See Note 1)

<S>                                                                          <C>            <C>
Cash                                                                             $2,000        $58,000
Investments in Securities (Note 3)                                           $1,420,000     $1,863,000
Other Assets                                                                     $9,000        $11,000
                                                                            -----------    -----------
TOTAL                                                                        $1,431,000     $1,932,000
                                                                            -----------    -----------




LIABILITIES AND STOCKHOLDERS'  EQUITY

Liabilities
  Accounts payable and accrued expenses                                      $1,237,000     $1,178,000
  Loans payable to officers/shareholders                                       $300,000       $249,000
  Demand loan payable to related party                                         $327,000       $320,000
                                                                            -----------    -----------
Total Liabilities                                                            $1,864,000     $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 11/30/00                                $25,000        $25,000
Additional paid in capital                                                   $2,747,000     $2,747,000
Treasury Stock, 151,743 shares at 11/30/00                                     ($41,000)      ($41,000)
Accumulated earnings (deficit)                                              ($3,164,000)   ($2,546,000)
                                                                            -----------    -----------
Total stockholders' equity                                                    ($433,000)      $185,000
                                                                            -----------    -----------
TOTAL                                                                        $1,431,000     $1,932,000
                                                                            -----------    -----------
</TABLE>



(See Accompanying Notes to Financial Statements)

<PAGE>


GLOBUS GROWTH GROUP, INC.

STATEMENT OF OPERATIONS
(Unaudited)

<TABLE>
<CAPTION>
                                                         Three Months                      Nine Months
                                                       Ended November 30,               Ended November 30,
                                                      2000           1999              2000           1999
                                                  -----------    -----------       -----------    -----------

<S>                                                 <C>            <C>               <C>            <C>
Gain (loss) on investments:
   Realized                                           $17,000        $12,000           $37,000        $52,000
   Unrealized                                       ($165,000)       $77,000         ($451,000)      $154,000
                                                  -----------    -----------       -----------    -----------
Total                                               ($148,000)       $89,000         ($414,000)      $206,000
Dividend Income                                            $0         $2,000            $1,000         $5,000
Interest Income                                                       $1,000                           $4,000
Consulting and other income                           $10,000         $1,000           $19,000         $8,000
                                                  -----------    -----------       -----------    -----------
TOTAL                                               ($138,000)       $93,000         ($394,000)      $223,000

Expenses:
   General and administrative                         $73,000        $72,000          $209,000       $207,000
   Interest                                            $4,000         $6,000           $11,000        $16,000
                                                  -----------    -----------       -----------    -----------
TOTAL                                                 $77,000        $78,000          $220,000       $223,000

Income (loss) from operations before taxes          ($215,000)       $15,000         ($614,000)            $0
(Benefit)/Provision for taxes                              $0             $0                $0             $0
                                                  -----------    -----------       -----------    -----------
Net Income (Loss)                                   ($215,000)       $15,000         ($614,000)            $0
                                                  -----------    -----------       -----------    -----------


Net Income (Loss) per share of common
    stock - basic and diluted                          ($0.09)         $0.01            ($0.26)         $0.00
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>
                                                                                                        Nine Months
                                                                                                     Ended November 30,
                                                                                           2000            1999
                                                                                       ------------  ------------------
<S>                                                                                      <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
       Net Income (loss)                                                                 ($614,000)              $0
       Adjustments to reconcile net income (loss) to net cash provided by (used in)
            operating activities:
            Depreciation and amortization                                                       $0               $0
            Realized (gain) loss on investments                                           ($37,000)        ($52,000)
            Unrealized (gain) loss on investments                                         $451,000        ($154,000)
            Increase/(decrease) in accounts payable, accrued expenses and
                accrued interest on loans                                                  $70,000          $71,000
            (Increase) decrease in prepaid assets                                          ($2,000)              $0
                                                                                         ---------        ---------

            Net cash (used in ) operating activities                                     ($132,000)       ($135,000)
                                                                                         ---------        ---------

CASH FLOWS FROM INVESTING ACTIVITIES:

       Purchase of investments                                                            ($25,000)       ($200,000)
       Proceeds from sale of investments                                                   $53,000         $154,000
                                                                                         ---------        ---------

            Net cash provided by (used in ) investing activities                           $28,000         ($46,000)
                                                                                         ---------        ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Repayment of loans payable to officers/shareholders                                 ($5,000)         ($4,000)
       Increase (decrease) in loans payable to officers/shareholders                       $53,000         $100,000
                                                                                         ---------        ---------

            Net cash provided by (used in) financing activities                            $48,000          $96,000
                                                                                         ---------        ---------

Net increase (decrease) in cash                                                           ($56,000)        ($85,000)

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

Cash - end of period                                                                        $2,000         $148,000

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          November 30, 2000
                                  Financial Statements
                                      (Unaudited)


     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 November 30, 2000,  the results of  operations  for the
          three and nine months ended November 30, 2000 and 1999, and statements
          of cash flows for the nine months ended November 30, 2000 and 1999.

          The results of operations  for the nine months ended November 30, 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 November 30, 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>
                                                            November 30,                              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
Tumbleweed Communications Corp. (2)                 204        $3,000        $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                             37,718      $155,000       $71,000        46,218      $601,000       $87,000
                                                           ----------    ----------                  ----------    ----------
Total Common Stock                                           $465,000      $561,000                    $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                            $1,420,000    $1,666,000                  $1,863,000    $1,657,000
                                                           ----------    ----------                  ----------    ----------
</TABLE>


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

(2)  On October 2, 2000 775  shares of  Interface  Systems  was  surrendered  in
     exchange for 204 shares Tumbleweed Communications Corp.


<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 November  30,  2000,  the Company  had total  assets of  $1,431,000
     compared to total assets of  $1,932,000  at February 29, 2000.  Included in
     total  assets were  investments  of  $1,420,000  at  November  30, 2000 and
     $1,863,000  at February 29, 2000.  Shareholders  equity was  ($433,000)  at
     November 30, 2000 and $185,000 at February  29, 2000.  Loss on  investments
     amounted to ($414,000)  for the nine month period ended  November 30, 2000,
     compared to a gain of $206,000 for the nine month period ended November 30,
     1999.  Included in such losses were realized gain of $37,000 and unrealized
     loss of  ($451,000)  for the nine month  period  ended  November  30,  2000
     compared to realized  gain of $52,000 and $154,000 of  unrealized  gain for
     the  nine  month  period  ended  November  30,  1999.  Operating  expenses,
     including  interest  charges,  amounted to $220,000 for the 2000 nine month
     period and  $223,000  for the 1999 nine month  period.  Income  (loss) from
     operations,  both before and after provision for taxes,  was ($614,000) for
     the nine month period ended  November 30, 2000  compared to $0 for the nine
     month period ended  November  30, 1999.  Net earnings  (loss) per share was
     ($0.26) for the 2000 nine month period compared to $0.00 for the comparable
     1999  period.  The  weighted  average  number of  shares  of  Common  Stock
     outstanding at November 30, 2000 and at November 30, 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 November 30, 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 $87,000 at November 30, 2000, an
     increase of $55,000 from $32,000 at February  29, 2000.  This  increase was
     due to an increase  in  principal  of  $53,000,  and an increase in accrued
     interest of approximately $2,000. As at November 30, 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  $326,000,
     including accrued interest. As at November 30, 2000, unpaid salary owing to
     Mr. Stephen E. Globus was $616,000,  and unpaid salary owing to Mr. Richard
     D.  Globus was  $585,000;  so that at such date the total of monies owed to
     Messrs. Stephen E. Globus, Richard D. Globus and Ms. Jane Globus aggregated
     approximately $1,828,000.

          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: January 16, 2001


                                                       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