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, 1999

                                       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>
                                                                November 30,   February 28,
                                                                   1999            1999
                                                                -----------    -----------
ASSETS                                                          (Unaudited)    (See Note 1)
<S>                                                             <C>            <C>
Cash                                                            $   148,000    $   233,000
Investments in Securities (Note 3)                              $ 1,665,000    $ 1,414,000
Demand Loan Receivable                                          $   105,000    $   105,000
Other Assets                                                    $    43,000    $    43,000
                                                                -----------    -----------
TOTAL                                                           $ 1,961,000    $ 1,795,000
                                                                -----------    -----------




LIABILITIES AND STOCKHOLDERS'  EQUITY

Liabilities
  Accounts payable and accrued expenses                         $ 1,137,000    $ 1,082,000
  Loans payable to officers/shareholders                        $   324,000    $   221,000
  Demand loan payable to related party                          $   362,000    $   353,000
                                                                -----------    -----------
Total Liabilities                                               $ 1,823,000    $ 1,656,000
                                                                -----------    -----------


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 11/30/99                $    25,000    $    25,000
Additional paid in capital                                      $ 2,747,000    $ 2,747,000
Treasury Stock, 151,743 shares at 11/30/99                      ($   41,000)   ($   41,000)
Accumulated earnings (deficit)                                  ($2,593,000)   ($2,592,000)
                                                                -----------    -----------
Total stockholders' equity                                      $   138,000    $   139,000
                                                                -----------    -----------
TOTAL                                                           $ 1,961,000    $ 1,795,000
                                                                -----------    -----------
</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,
                                                1999         1998            1999          1998
                                             -----------   -----------    -----------   -----------
<S>                                              <C>          <C>            <C>             <C>
Gain (loss) on investments:
   Realized                                      $12,000            $0        $52,000            $0
   Unrealized                                    $77,000      ($42,000)      $154,000        $4,000
                                             -----------   -----------    -----------   -----------
Total                                            $89,000      ($42,000)      $206,000        $4,000
Dividend Income                                   $2,000        $1,000         $5,000        $4,000
Interest Income                                   $1,000        $5,000         $4,000        $5,000
Consulting and other income                       $1,000        $7,000         $8,000       $19,000
                                             -----------   -----------    -----------   -----------
TOTAL                                            $93,000      ($29,000)      $223,000       $32,000

Expenses:
   General and administrative                    $72,000       $70,000       $207,000      $227,000
   Interest                                       $6,000        $5,000        $16,000       $16,000
                                             -----------   -----------    -----------   -----------
TOTAL                                            $78,000       $75,000       $223,000      $243,000

Income (loss) from operations before taxes       $15,000     ($104,000)            $0     ($211,000)
Benefit/(Provision) for taxes                         $0            $0             $0            $0
                                             -----------   -----------    -----------   -----------
Net earnings (loss)                              $15,000     ($104,000)            $0     ($211,000)
                                             -----------   -----------    -----------   -----------

Net (Loss) per share of common stock               $0.01        ($0.04)         $0.00        ($0.09)
Weighted Average Number of shares of
    Stock Outstanding                          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,
                                                                              1999         1998
                                                                            ---------    ---------
<S>                                                                         <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
       Net Income (loss)                                                           $0    ($211,000)
       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                              ($52,000)          $0
            Unrealized (gain) loss on investments                           ($154,000)     ($4,000)
            Increase/(decrease) in accounts payable, accrued expenses and
                accrued interest on loans                                     $71,000      ($6,000)
            (Increase) decrease in prepaid assets                                  $0     ($10,000)
                                                                            ---------    ---------
            Net cash (used in) operating activities                         ($135,000)   ($231,000)
            ---------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:

       Purchase of investments                                              ($200,000)   ($113,000)
       Issuance of demand loan receivable                                    ($75,000)
       Proceeds from sale of investments                                     $154,000           $0
                                                                            ---------    ---------

            Net cash provided by (used in ) investing activities             ($46,000)   ($188,000)
            ---------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Repayment of loans payable to officers/shareholders                    ($4,000)   ($105,000)
       Increase (decrease) in loans payable to officers/shareholders         $100,000           $0
       Purchase of treasury stock                                                  $0           $0
                                                                            ---------    ---------

            Net cash provided by (used in) financing activities               $96,000    ($105,000)
            ---------------------------------------------------------------------------------------

Net increase (decrease) in cash                                              ($85,000)   ($524,000)

Cash - beginning of period                                                   $233,000     $840,000

Cash - end of period                                                         $148,000     $316,000

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
       Cash paid during the year for:
            Interest                                                               $0      $40,000
            Income Taxes                                                           $0       $6,000
       Stock received for consulting services                                      $0      $13,000
</TABLE>


(See Accompanying Notes to Financial Statements)



<PAGE>

GLOBUS GROWTH GROUP, INC.

                    Notes to Condensed Financial Statements    November 30, 1999
                                   (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,  1999,  the results of  operations  for the three and nine
     months ended  November 30, 1999 and 1998,  and  statement of cash flows for
     the nine months ended November 30, 1999 and 1998.

     The results of operations  for the nine months ended  November 30, 1999 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 28, 1999.

     The balance  sheet at February 28, 1999 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.  Common  equivalent  shares  (options  and
     warrants)  would  be  anti-dilutive  and are  therefore  excluded  from the
     calculations.

Note 3 - Investments

     As of February 28, 1999 and November 30, 1999,  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 the  Board  of
     Directors, in the exercise of its judgment, after taking into consideration
     various indications of value available to the Board.


                            (Continued on next page)

<PAGE>



Note 3 - (Continued)

<TABLE>
<CAPTION>
                                                               November 30,                                        February 28,
                                                                   1999                                                1999
                                                                   ----                                                ----
                                                           No.                                      No.
                                                        Shares        Value        Cost           Shares        Value         Cost
                                                        ------        -----        ----           ------        -----         ----
<S>                   <C>                               <C>         <C>           <C>             <C>         <C>           <C>
Common Stock
Catamount Brewing Co. (1)                               23,215      $118,000      $176,000        23,215      $118,000      $176,000
Interface Systems Inc.                                     775       $11,000        $7,000           775        $2,000        $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 (4)                                46,218      $199,000       $87,000       100,468      $157,000      $190,000
Thermaphore Sciences, Inc. (5)                          33,333       $12,000       $12,000         8,333       $12,000       $12,000
                                                                  ----------    ----------                  ----------    ----------
Total Common Stock                                                  $634,000      $576,000                    $583,000      $679,000
                                                                  ----------    ----------                  ----------    ----------

Preferred Stock
Catamount Brewing Co. Pfd (1)                            4,286      $101,000      $150,000         4,286      $101,000      $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 (2)                        60,000      $150,000      $150,000
Thermaphore Sciences, Inc. A Pfd (3)                   100,000      $150,000      $150,000        66,667      $100,000      $100,000
                                                                  ----------    ----------                  ----------    ----------
Total Preferred Stock                                             $1,031,000    $1,080,000                    $831,000      $880,000
                                                                  ----------    ----------                  ----------    ----------

Total Investments - Fair  value                                   $1,665,000    $1,656,000                  $1,414,000    $1,559,000
                                                                  ----------    ----------                  ----------    ----------
</TABLE>


Notes:

(1)  The Company also loaned  $105,000 to Catamount  Brewing Company on a demand
     loan basis during 1998.

(2)  The Company  purchased 60,000 Series A Preferred shares of Kimeragen,  Inc.
     for $150,000 on May 1, 1999.

(3)  The  Company  purchased  33,333  Series A Preferred  shares of  Thermaphore
     Sciences, Inc. for $50,000 on March 5, 1999.

(4)  The Company  sold 54,250  shares of Repligen  from June  through  November,
     1999, with sales proceeds totalling $154,294.33.

(5)  The Company  purchased 25,000 Common shares of Thermaphore  Sciences,  Inc.
     for $25 on October 25, 1999.


<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, 1999,  the Company had total assets of $1,961,000  compared
to total assets of $1,795,000 as at February 28, 1999.  Included in total assets
at such dates were  investments  of  $1,665,000  for the nine month period ended
November  30,  1999  and  $1,414,000  for the  year  ended  February  28,  1999.
Shareholders  equity at such dates was  $138,000 for the nine month period ended
November  30, 1999 and $139,000  for the year ended  February 28, 1999.  Gain on
investments  amounted to $206,000 for the nine month  period ended  November 30,
1999 as compared to a gain of $4,000 for the nine month  period  ended  November
30, 1998.  Included in such gains were realized  gain of $52,000 and  unrealized
gain of $154,000 for the nine month period ended  November 30, 1999  compared to
no realized gain or loss and $4,000 of unrealized gain for the nine month period
ended  November  30,  1998.  Operating  expenses,  including  interest  charges,
amounted to $223,000  for the 1999 nine month  period and  $243,000 for the 1998
nine month period.  There was no gain or loss from  operations,  both before and
after  provision  for taxes,  for the nine month period ended  November 30, 1999
compared to a loss of  ($211,000)  for the nine month period ended  November 30,
1998.  There  was no net gain or loss per share  $0.00  for the 1999 nine  month
period compared to net loss per share of ($0.09) for the comparable 1998 period.
The weighted  average  number of shares of Common Stock  outstanding at November
30, 1999 and at November 30, 1998 is 2,347,257.

Liquidity, Capital Resources and Other Matters Affecting Financial Condition

     The  Company's  cash  position as at November 30, 1999 (i.e.,  $148,000) is
offsetable  by the  indebtedness  that is owing to members of the Globus  family
described  below.  The near term  liquidity of the Company,  as well as its near
term capital resources position,  are presently  principally  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  ("individual  account")  amounted to
$218,000 at November 30,  1999,  a decrease of $3,000 from  $221,000 at February
28,  1999.  This  decrease  was due to a loan  repayment to Stephen E. Globus of
approximately  $4,000,  and an  increase in accrued  interest  of  approximately
$1,000.  Loans  payable to Messrs.  Stephen E. and Richard D. Globus (a separate
"joint  account")  at  November  30, 1999  amounted to $100,000 (a partial  loan
repayment of $50,000 was made on November 16,  1999),  plus accrued  interest of
approximately  $6,000,  which  loan was made for the  purpose  of the  Company's
purchase of additional  shares of Kimeragen in May 1999.  An additional  partial
loan  repayment of $75,000 was made on December 6, 1999.  All loans payable plus
accrued interest to Mr. Richard D. Globus ("individual account") were reduced to
zero as at February 28, 1999. As at November 30, 1999,  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  $362,000,  including accrued
interest.  As at November 30, 1999, unpaid salary owing to Mr. Stephen E. Globus
was $567,000,  and unpaid salary owing to Mr. Richard D. Globus was $536,000; so
that at such date the total of monies owed to Messrs. Stephen E. Globus, Richard
D. Globus and Ms. Jane Globus aggregated approximately $1,789,000.

     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

<PAGE>


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 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  28, 1999 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  is not  yet  known,  and it is  generally  agreed  that  if not  timely
corrected, it could adversely affect many businesses.

     While the Company does not believe  that its own  internal  systems will be
materially affected by the Y2K problem,  there can be no assurance that: (a) the
computer  systems and  applications of the Company's  various  investees will be
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 making what it  believes,  under the  circumstances,  to be
diligent inquiry of its investees in an attempt to ascertain: (i) the opinion of
each  investee as to whether any of its  business  or results of  operations  or
financial condition,  is or will be, or could be, affected by a Y2K problem; and
(ii) the extent, if any, of related Y2K matters.

     As of the date hereof the Company has  received  responses  from all of its
investees  which   responses   answer  inquiry  "(i)"  above  in  the  negative.
Necessarily,  the Company cannot make any  representation  as to the accuracy of
any of the  responses it receives.  Furthermore,  such  responses  should not be
construed to indicate  that any investee is in fact immune to business  problems
and market conditions  related to Y2K matters that may be faced by entities,  if
any, that may do business with any particular investee.

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 18, 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