SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[x]  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
     ACT OF 1934

For the quarterly period ended  March 31, 2000

[_]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to ____________

Commission File Number: 000-29639

                                  Lautrec, Inc.
         --------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

         FLORIDA                                                65-0950425
------------------------------------------               -----------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                              Identification No.)

170 South County Road
Palm Beach, FL                                                      33480
-------------------------------------------               ----------------------
 (Address of principal executive offices)                           (Zip Code)

Issuer's telephone number:  (561)832-5698

Securities to be registered under Section 12(b) of the Act:

     Title of each class                                  Name of each exchange
                                                          on which registered
         None                                                     None
-----------------------------------                      -----------------------

Securities to be registered under Section 12(g) of the Act:

                    Common Stock, $.0001 par value per share
            --------------------------------------------------------
                                (Title of class)

Copies of Communications Sent to:
                                      Mintmire & Associates
                                      265 Sunrise Avenue, Suite 204
                                      Palm Beach, FL 33480
                                      Tel: (561) 832-5696 - Fax: (561) 659-5371



<PAGE>



     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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

     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      No
                                             --      ---


                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares  outstanding of each of the issuer's  classes of
common  equity,  as of the  latest  practicable  date:  At March 31,  2000,  the
registrant had outstanding  6,000,000 shares of common stock, par value $0.0001,
which is the registrant's only class of common stock.

















<PAGE>



Part I.  FINANCIAL INFORMATION



LAUTREC, INC.


TABLE OF CONTENTS



                                                                      Page

Accountant's Review Report                                            F-1

Balance Sheet                                                         F-2

Statement of Operations and Deficit Accumulated
    During the Development Stage                                      F-3

Statement of Changes in Stockholders' Equity                          F-4

Statement of Cash Flows                                               F-5

Notes to Financial Statements                                         F-6







<PAGE>



                               Dorra Shaw & Dugan
                          Certified Public Accountants


INDEPENDENT ACCOUNTANTS' REVIEW REPORT


The Board of Directors and Stockholders
Lautrec, Inc.
Palm Beach, Florida


We have  reviewed the  accompanying  balance  sheet of Lautrec,  Inc. (a Florida
corporation  and a  development  stage  company) as of March 31,  2000,  and the
related  statements of operation and deficit  accumulated during the development
stage,  and cash  flows  for the six  months  then  ended,  in  accordance  with
Statements  on  Standards  for  Accounting  and  Review  Services  issued by the
American Institute of Certified Public Accountants.  All information included in
these financial  statements is the  representation of the management of Lautrec,
Inc.

A review consists  principally of inquiries of company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, we do not express such an opinion.

Based  upon our  review,  we are not aware of any  material  modifications  that
should be made to the accompanying  financial statements in order for them to be
in conformity with generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern. As shown in the financial  statements,
the Company has incurred net losses since its inception. The Company's financial
position and  operating  results  raise  substantial  doubt about its ability to
continue as a going concern.  Management's plan regarding those matters also are
described in Note D. The  financial  statements  do not include any  adjustments
that might result from the outcome of this uncertainty.





/s/ Dorra Shaw & Dugan
Certified Public Accountants
May 12, 2000



















<PAGE>



<TABLE>
<CAPTION>
LAUTREC, INC.
(A Development Stage Company)

BALANCE SHEET





 March 31,                                                               2000
-------------------------------------------------------------------- -----------
<S>                                                                  <C>

ASSETS

Current Assets:
    Cash                                                             $    5,969

TOTAL CURRENT ASSETS
                                                                          5,969
-------------------------------------------------------------------- -----------

                                                                     $    5,969
-------------------------------------------------------------------- -----------


LIABILITIES

Current Liabilities:
    Accrued expenses                                                 $    2,000

TOTAL CURRENT LIABILITIES                                                 2,000

                                                                          2,000


STOCKHOLDERS' EQUITY

 Common stock - $.0001 par value - 50,000,000 shares authorized
       6,000,000 shares issued and outstanding                              600
 Preferred stock - no par value - 10,000,000 shares authorized
       No shares issued and outstanding                                       -
 Additional paid-in-capital                                              11,900
 Deficit accumulated during the developmental stage                      (8,531)

TOTAL STOCKHOLDERS' EQUITY                                                3,969
-------------------------------------------------------------------- -----------

                                                                     $    5,969
-------------------------------------------------------------------- -----------
</TABLE>




    The accompanying notes are an integral part of the financial statements.

                                       F-2



<PAGE>




<TABLE>
<CAPTION>
LAUTREC, INC.
(A Development Stage Company)

STATEMENT OF OPERATIONS AND DEFICIT
    ACCUMULATED DURING THE DEVELOPMENTAL STAGE




For the six months ended March 31,                               2000
--------------------------------------------------------- ----------------
<S>                                                       <C>

Revenues                                                   $             -
--------------------------------------------------------- ----------------

Operating expenses:
    Professional fees                                                6,000
    Bank charges                                                        31
--- ----------------------------------------------------- ----------------

Total operating expenses                                             6,031

--- ----------------------------------------------------- ----------------

Loss before income taxes                                            (6,031)
    Income taxes                                                         -
--- ----------------------------------------------------- ----------------

Net loss                                                            (6,031)

Deficit accumulated during the
         development stage - October 1, 1999               $        (2,500)
--------------------------------------------------------- ----------------

Deficit accumulated during the
         development stage - March 31, 2000                $        (8,531)
--------------------------------------------------------- ----------------

Net loss per share                                                  (0.001)
                                                          ----------------
</TABLE>




    The accompanying notes are an integral part of the financial statements.

                                       F-3



<PAGE>




<TABLE>
<CAPTION>
LAUTREC, INC.
(A Development Stage Company)

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY





--- ------------------------------- ---- ---------------- ----------- ----------  ------------- --------------- --------------
                                                                                  Additional
                                              Number of  Preferred     Common     Paid - In       Deficit
                                                 Shares   Stock        Stock      Capital       Accumulated       Total
--- ------------------------------- ---- --------------- ------------ ----------- ------------- --------------- --------------
<S>                                      <C>             <C>          <C>         <C>           <C>             <C>

Beginning balance:

    September 18, 1995 - Services       $   5,500,000    $         -  $      550 $      1,950  $        -        $      2,500
                (Date of Inception)

                December 10, 1999 -
            Stock Split 10,000 to 1

Issuance of Common Stock:

                   January 25, 2000           500,000              -          50        9,950           -              10,000


Deficit accumulated during
              the development stage                 -              -           -            -      (8,531)             (8,531)
--- ------------------------------- ------------------- ------------ ------------ ------------ ----------------- ------------


Balance - March 31, 2000                $   6,000,000   $          - $       600  $    11,900  $   (8,531)       $     3,969
---                                 ------------------- ------------ ------------ ------------ ----------------  ------------
</TABLE>




    The accompanying notes are an integral part of the financial statements.

                                       F-4



<PAGE>




<TABLE>
<CAPTION>
LAUTREC, INC.
(A Development Stage Company)

Statement of Cash Flows



For thesix months ended March 31,                                        2000
---------------------------------------------------------------- ---------------
<S>                                                              <C>
Operating Activities:

        Net loss                                                  $      (6,031)
     Adjustments to reconcile net loss to net cash
         used by operating activities:
             Increase in:
                 Accrued expenses                                        (2,000)
---- --- --- --- ----------------------------------------------- ---------------

Net cash provided by operating activities                                (4,031)
---------------------------------------------------------------- ---------------

Financing activities:
     Issuance of Common Stock                                             10,000
---- ----------------------------------------------------------- ---------------

Net cash provided by financing activities                                 10,000
---------------------------------------------------------------- ---------------

Net increase in cash                                                       5,969
---------------------------------------------------------------- ---------------

 Cash- March 31, 2000                                               $      5,969
----                                                             ---------------
</TABLE>



    The accompanying notes are an integral part of the financial statements.

                                       F-5



<PAGE>



LAUTREC, INC.
NOTES TO FINANCIAL STATEMENTS


Note A - Summary of Significant Accounting Policies:


Organization

Lautrec,  Inc. (a development stage company) is a Florida Corporation  organized
to export and sell  products  in France.  The  Company  failed in its attempt to
successfully  develop its initial business plan and during August 1996 abandoned
its efforts.  The Company had no operations for the period prior to August 1996.
The Company was inactive and there were no transactions  from August 1996 to the
date of reinstatement by the State of Florida on October 1, 1999 that affect the
balances reflected in the financial statements as of October 1, 1999.

The Company has a new business plan,  which was adopted on or about December 10,
1999, which is to engage in seeking potential operating  businesses and business
opportunities  with the intent to acquire  or merge  with such  businesses.  The
assets of the Company  will be used for its  expenses of  operation to implement
this plan.

Accounting Method

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a September 30 year-end.

Start - Up Costs

Start - up and organization costs are being expensed as incurred.

Loss Per Share

The  computation  of loss per  share of  common  stock is based on the  weighted
average number of shares outstanding at the date of the financial statements.

Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect certain  reported amounts and  disclosures.  Accordingly,  actual results
could differ from those estimates.


Note B - Stockholders' Equity:

On September 18, 1995, the Company issued 550 shares of common stock, in lieu of
cash,   for  the  fair  market  value  of  services   rendered  by  its  initial
stockholders.  On December 10, 1999, the company  effected a forward stock split
at

                                       F-6


<PAGE>



LAUTREC, INC.
NOTES TO FINANCIAL STATEMENTS


Note B - Stockholders' Equity (con't):

the rate of 10,000 to 1, increasing  issued and outstanding  stock to 5,500,000.
On January 25,  2000 the company  issued a total  500,000  additional  shares of
common stock for the sum of $10,000.

The $6,000 in  professional  fees  includes  the costs and expenses of legal and
accounting   service   associated   with  the  preparation  and  filing  of  the
registration statement.

At March 31, 2000,  the Company had authorized  50,000,000  shares of $.0001 par
value  common  stock  and had  6,000,000  shares  of  common  stock  issued  and
outstanding.  In addition, the Company authorized 10,000,000 shares of preferred
stock with the specific  terms;  conditions,  limitations  and preferences to be
determined by the Board of Directors. None of the preferred stock was issued and
outstanding as of March 31, 2000.


Note C - Income Taxes:

The Company has a net operating  loss carry forward of $6,031 that may be offset
against  future  taxable  income.  If not used, the carry forward will expire in
2020.

The amount  recorded as deferred tax assets,  cumulative as of March 31, 2000 is
$1,000, which represents the amounts of tax benefits of loss carry-forwards. The
Company has  established  a valuation  allowance  for this deferred tax asset of
$1,000, as the Company has no history of profitable operations.



Note D - Going Concern:

The  Company's  financial  statements  are  prepared  using  generally  accepted
accounting  principles  applied  to  a  going  concern  which  contemplates  the
realization  of assets and  liquidation  of  liabilities in the normal course of
business.  The Company has incurred losses from its inception  through March 31,
2000. It has not established revenues sufficient to cover operating costs and to
allow it to continue as a going concern.  Management plans currently provide for
experts to secure a successful  acquisition or merger partner so that it will be
able to continue as a going concern. In the event such efforts are unsuccessful,
contingent  plans have been arranged to provide that the current Director of the
Company  is to fund  required  future  filings  under the 34 Act,  and  existing
shareholders  have  expressed an interest in additional  funding if necessary to
continue the Company as a going concern.




                                       F-7


<PAGE>




Item 2. Management's Discussion and Analysis or Plan of Operation

         The Company is  considered  a  development  stage  company with limited
assets or capital,  and with no operations  or income since 1996.  The costs and
expenses  associated  with  the  preparation  and  filing  of this  registration
statement  and  other  operations  of  the  Company  have  been  paid  for  by a
shareholder,  specifically  Julie J. Campbell (see Item 4, Security Ownership of
Certain  Beneficial Owners and Management,  Julie J. Campbell is the controlling
shareholder). Ms. Campbell has agreed to pay future costs associated with filing
future  reports under Exchange Act of 1934 if the Company is unable to do so. It
is  anticipated  that the Company will require only nominal  capital to maintain
the corporate viability of the Company and any additional needed funds will most
likely be provided by the Company's  existing  shareholders  or its sole officer
and director in the immediate future.  Current shareholders have not agreed upon
the terms  and  conditions  of future  financing  and such  undertaking  will be
subject  to  future  negotiations,  except  for the  express  commitment  of Ms.
Campbell to fund  required 34 Act  filings.  Repayment  of any such funding will
also be subject to such  negotiations.  However,  unless the  Company is able to
facilitate an acquisition of or merger with an operating  business or is able to
obtain  significant  outside  financing,  there is  substantial  doubt about its
ability to continue as a going concern.

         In the  opinion of  management,  inflation  has not and will not have a
material  effect on the operations of the Company until such time as the Company
successfully  completes an acquisition or merger. At that time,  management will
evaluate the  possible  effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

          Management  plans may but do not  currently  provide  for  experts  to
secure a  successful  acquisition  or merger  partner so that it will be able to
continue  as a going  concern.  In the  event  such  efforts  are  unsuccessful,
contingent  plans have been arranged to provide that the current Director of the
Company  is to fund  required  future  filings  under the 34 Act,  and  existing
shareholders  have  expressed an interest in additional  funding if necessary to
continue the Company as a going concern.

Plan of Operation

         During the next twelve  months,  the Company will actively seek out and
investigate possible business  opportunities with the intent to acquire or merge
with one or more business  ventures.  In its search for business  opportunities,
management  will follow the  procedures  outlined  in Item 1 above.  Because the
Company has limited funds, it may be necessary for the sole officer and director
to either advance funds to the Company or to accrue  expenses until such time as
a  successful  business  consolidation  can be made.  The Company  will not be a
condition  that the target company must repay funds advanced by its officers and
directors.  Management  intends  to hold  expenses  to a  minimum  and to obtain
services on a contingency basis when possible.  Further, the Company's directors
will defer any  compensation  until such time as an acquisition or merger can be
accomplished  and will strive to have the  business  opportunity  provide  their
remuneration. However, if the Company engages outside advisors or consultants in
its search for business opportunities, it


<PAGE>



may be necessary for the Company to attempt to raise additional funds. As of the
date hereof, the Company has not made any arrangements or definitive  agreements
to use outside advisors or consultants or to raise any capital. In the event the
Company does need to raise capital most likely the only method  available to the
Company  would be the private sale of its  securities.  Because of the nature of
the Company as a development stage company,  it is unlikely that it could make a
public sale of securities or be able to borrow any significant sum from either a
commercial or private  lender.  There can be no assurance  that the Company will
able to obtain additional  funding when and if needed, or that such funding,  if
available, can be obtained on terms acceptable to the Company.

         The Company  does not intend to use any  employees,  with the  possible
exception of  part-time  clerical  assistance  on an  as-needed  basis.  Outside
advisors or  consultants  will be used only if they can be obtained  for minimal
cost or on a deferred  payment  basis.  Management is convinced  that it will be
able to  operate  in  this  manner  and to  continue  its  search  for  business
opportunities during the next twelve months.

Part II.

Item 1. Legal Proceedings

         NONE

Item. 2. Changes in Securities and Use of Proceeds

         NONE

Item 3.  Defaults upon Senior Securities

         NONE

Item 4.  Submission of Matters to a Vote of Security Holders

         NONE
Item 5.  Other Information

         NONE

Item 6.  Exhibits and Reports on Form 8-K

(a)      The exhibits  required to be filed  herewith by Item 601 of  Regulation
         S-B, as described in the following index of exhibits,  are incorporated
         herein by reference, as follows:

PART III

Item 1.                    Index to Exhibits

         The following exhibits are filed with this Registration Statement:


<PAGE>


Exhibit No.      Exhibit Name

3(i).1           Articles of Incorporation filed September 18, 1995

3(i).2           Articles of Amendment filed December 6, 1999

3(ii).1          By-laws

27       *       Financial Data Schedule
--------------------

Item 2.                    Description of Exhibits

         See Item 1 above.

                                   Signatures

         In  accordance  with  Section  13 or 15(d)  of the  Exchange  Act,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
there unto duly authorized.

                                     Lautrec, Inc.
                                     (Registrant)

Date: May 22, 2000          BY:    /s/ Julie J. Campbell
                                 ---------------------------------
                                     Julie J. Campbell, President

         In accordance  with the Exchange Act, this report has been signed below
by the following  persons on behalf of the  registrant and in the capacities and
on the dates indicated.

         Date                  Signature                  Title

May 22, 2000         BY: /s/ Julie J. Campbell
                       -----------------------------
                       ulie J. Campbell                   President, Secretary,
                                                           Treasurer, Director