U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 10-QSB

(x) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
JUNE 30, 2001

OR

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Commission File No. 0-27454
-----

          WORLD WIDE MOTION PICTURES CORPORATION
          (Name of small business issuer in its charter)

            MICHIGAN                             33-0081215
(State or other jurisdiction                  (I.R.S. Employer
incorporation or organization)                Identification No.)

2120 MAIN STREET, SUITE 180, HUNTINGTON BEACH, CA 92648
(Address of principal executive offices)  (Zip Code)

(714) 960-7264
(Issuer's telephone number)

          Indicate by check mark whether the registrant (1) filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 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 [ ]


          Indicate the number of shares outstanding of each of
the Issuer's classes of common stock as of the latest practical
date: 50,628,652 shares of Common Stock (par value $.001 per
share) outstanding on June 30, 2001.

Part I.  Financial Information

Item 1.  Financial Statements

<TABLE>
Consolidated Balance Sheets
<CAPTION>
WORLD WIDE MOTION PICTURES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of June 30, 2001 and December 31, 2000

                                 June 30,         Dec 31,
                                  2001            2000
                               (Unaudited)      (Audited)
                                ---------        --------
Assets
<S>                                   <C>             <C>
Cash                              68,154        109,348
Accounts receivable              509,291        254,122
Completed motion pictures/
   television productions     10,493,549      10,493,549
Film properties
   (screenplays/teleplays)     1,735,467       1,735,467
Equipment                         49,937          49,937
Other assets                      - 0 -            - 0 -
Less accumulated depreciation (1,765,152)     (1,762,376)

          Total Assets       $11,091,246     $10,880,047


Liabilities

Accounts payable                 92,036          15,811
Common Stock payable                104             164
Preferred Stock payable              50             350
Notes payable                    16,300          16,300

          Total Liabilities     108,490          32,625


Stockholders' Equity

Common Stock $.001 Par Value,
100,000,000 shares authorized,
50,628,652 and 49,794,152 shares
  issued                         50,628          49,794
Preferred Stock $.01 Par Value,
1,100,000 shares authorized,
156,217 shares issued             1,862           1,562

Additional paid-in capital    20,739,022     20,697,439
Retained earnings deficit     (9,808,756)    (9,901,373)

 Total Stockholders' Equity   10,982,756     10,847,422

Total Liabilities
and Stockholders' Equity      11,091,246     10,880,047
<FN>
<F1>
The accompanying Notes to December 31, 2000 Consolidated
Financial Statements are an integral part of these Financial
Statements.
</FN>
</TABLE>

<TABLE>
Consolidated Statements of Income
<CAPTION>
WORLD WIDE MOTION PICTURES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the Six Months Ended June 30, 2001 and 2000
(Unaudited)


                                        Six months ended
                                            June 30,
                                     ---------     ---------

                                       2001          2000
                                   (unaudited)      (unaudited)
                                      ----           ----
<S>                                      <C>               <C>
Revenues                           $142,873          $ 90,297


Operating expenses:
     Depreciation                     1,388             1,388
     Administrative                  14,123            17,607
     Film Reproduction & Marketing   21,328

Total operating expense            $ 36,839          $ 18,995

          Net income (loss)        $107,034          $ 71,302


 Earnings available to common
stockholders                            None             None

Earnings per common share,
assuming full dilution                  None             None
<FN>
<F1>
The accompanying Notes to December 31, 2000 Consolidated
Financial Statements are an integral part of these Financial
Statements.
</FN>
</TABLE>


<TABLE>
Consolidated Statement of Cash Flows
<CAPTION>
WORLD WIDE MOTION PICTURES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Six-Months Ended June 30, 2001 and 2000
(Unaudited)



                                             Six months ended
                                                 June 30,
                                           ---------   ----------
                                          (unaudited) (unaudited)
                                             2001       2000
                                             ----       ----
<S>                                              <C>          <C>

Cash flows from operating activities:

Net Income (loss)                          $107,034     $ 71,302

Depreciation                                  1,388        1,388

Changes in assets and liabilities:

(Increase) Decrease in accounts receivable   (255,169)   (90,000)
Increase (Decrease) in accounts payable        70,129         40
Increase in Common Stock Payable                    0        206
Increase in Preferred Stock Payable                 0        480
Increase in Completed Films                         0 (1,035,260)

Net cash provided by (used in) operating
activities:                                   (76,618)(1,051,844)

Financing activities:

  Increase in additional paid-in capital       50,490  1,040,164
  Proceeds from issuance of stock
     Common                                       110        452
     Preferred                                      0        250
  Prior period adjustment                       1,000          0

Net increase/decrease in cash                 (25,018)   (10,978)

Cash balances - beginning of period            93,172     78,535

Cash balances - period ended
     June 30, 2001 and 2000                 $  68,154  $  67,557

<FN>
<F1>
The accompanying Notes to December 31, 2000 Consolidated
Financial Statements are an integral part of these financial
statements.
</FN
</TABLE>

<TABLE>
Consolidated Statement of Stockholders' Equity
<CAPTION>
WORLD WIDE MOTION PICTURES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
For the Six Month Period Ended June 30, 2001
(Unaudited)
                Number of
               Outstanding                 Additional    Retained
               Shares             Par       Paid-In      Earnings
           Common    Preferred  Amount      Capital     (Deficit)         Total
          --------    -----      ---      -----------   ---------         -----
<S>            <C>          <C>      <C>           <C>           <C>           <C>
Balances
Dec. 31,
2000              49,794,152   156,217   51,356    20,697,439    (9,901,373)   10,847,422


Balances
Mar. 31,
	2001      49,518,652   186,217   51,380    20,688,530    (9,915,790)   10,824,122

Stock Issued
 3 mos.
Ended Jun 30,
2001         110,000

Net profit/(loss),
3 mos. Ended June 30, 2001                                 107,034       107,034

Balances,
June 30,
2001      50,628,652  186,217   52,490     20,739,022   (9,808,756)   10,982,756
<FN>
<F1>
The accompanying Notes to December 31, 2000 Consolidated Financial
Statements are an integral part of these financial statements.
</FN>
</TABLE>


WORLD WIDE MOTION PICTURES CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(To be read in conjunction with Consolidated Financial Statements
for the year 2000)

NOTE 1	DESCRIPTION AND HISTORY OF THE BUSINESS

The Company was founded in July 1977 and incorporated December 9,
1980 under the laws of the state of Michigan.  In March 1981, the
Company acquired G.L. Productions Inc. which  was a production and
distribution company for short subjects, docudramas, documentaries
and industrial films, many of which were made in conjunction with
the U.S. Government.  As a result of the transaction, the Company
acquired a film and television completed product library and
related film production equipment.  The transaction was facilitated
by the exchange of two million (2,000,000) shares of the Company's
common stock class of securities for 100% of the common stock of
G.L. Productions Inc. The Company has also acquired other completed
motion picture and television productions and acquired
marketing/distribution interest in additional motion picture and
television productions. The Company's total completed product
library of live action motion pictures and videotaped productions
consists of 290 works of various lengths and subject matter
applicable for marketing through various media in foreign and/or
domestic markets.

In November 1983 the Company merged with the National Power
Corporation, a publicly-held corporation.  The National Power
Corporation's common stock class of securities was traded on the
over-the-counter market with registered broker/dealers throughout
the United States making a market in its stock.  The merger process
resulted in a change in the Company's number of shares issued,
outstanding, and authorized and a change in par value.

The Company operates and/or maintains nine wholly-owned
subsidiaries, four of which are currently active, to enhance the
operation of its core business and diversified enterprises. The
Company has an active Board of Directors which currently consists
of nineteen members of the twenty authorized, with staggered terms,
all of whom are either a chairperson or a member of one or more of
the four Board designated committees: executive, finance, audit,
and personnel.

The Company also maintains four operating committees which are
production and product development, special projects, minorities,
and standards.

NOTE 2 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

These consolidated financial statements include the accounts of the
Company and its wholly-owned subsidiaries.  It is the opinion of
management that the accompanying statements and notes thereto
present fairly the financial position of the Company and do not
contain misleading information.  Because the commercial potential
of individual motion pictures and television programming varies
dramatically, and does not bear any relationship to their
production, acquisition or marketing costs, it is impossible to
predict or project a trend of the Company's income or loss.
However, the likelihood of the Company reporting losses in the
short term is increased by the industry's general method of
accounting which requires the early recognition of the entire loss
(through increased amortization) in instances where a motion
picture or television program produced or acquired is not expected
to recover the Company's investment.  On the other hand, the profit
from a successful film or television production is recognized over
the entire period that revenues are generated by that motion
picture or television program.  This method of accounting may also
result in significant fluctuations in reported income or loss,
particularly on a quarterly basis, depending on the Company's
release of product into the marketplace and overall
domestic/international marketing schedule and the performance of
individual motion pictures or television programs.

The Company's revenue is derived from a variety of sources.
Currently the most significant of these sources are its fees as
distributor, packager and/or the managing production company of
various film and television projects (including feature length
motion pictures, documentaries, docudramas, and television
productions), film and television marketing & distribution fees,
fees from the licensing and/or rental of its completed film and
television product library and related entertainment industry
consultation fees.

A significant portion of the Company's assets was purchased with
the issuance of shares of its common and preferred stock.  Ten
million four hundred ninety three thousand, five hundred forty nine
dollars ($10,493,549) of the assets is represented by the Net
Realizable Value (prior to depreciation and write-downs) of its
completed film and television product library.  In the absence of a
consistent market for the securities issued, the value of the film
and television product purchased by the Company was agreed to by
the sellers and the purchaser in arms length transactions in
accordance with generally accepted accounting standards and,
additionally, internal evaluation and auditing procedures. The
films and television productions in the Company's completed product
library have uncertain future revenues that may be expected to grow
or diminish along with all of the ancillary markets now and in the
future that are available for marketing.  In some cases, individual
films or television productions may be timeless and irreplaceable;
in many cases their book value is zero having been fully amortized
based on revenues received several years ago and the inability to
estimate a market value or reasonable expected revenue.   Certain
of the inventory product without book value produce income and, in
light of new and emerging technology, the Company expects
additional revenue from these sources.

The Company's film and television completed product library
consists of newly produced and historical film and videotaped
product and rights thereto purchased as an investment and/or to be
marketed by leasing and/or rental to a wide variety of domestic and
international outlets.  Many film and television libraries such as
the Company's that were purchased for investment over a span of
many years, have appreciated considerably in value as a direct
result of new and emerging technologies, revived or newly created
public appeal for a certain performer or genre, unique applications
of particular production process (special digital effects) and
standard and newly developed non-theatrical ancillary markets
throughout the world.  New technological advances such as DVD
(Digital Video Disk), HDTV (High Definition Television), CD-ROM,
DVD ROM, DVD Audio and Internet applications have enhanced and are
greatly expanding resale and leasing potential of film or
television product.

The film and television product inventory of the Company is
regularly reviewed and evaluated on a film-by-film basis by the
Company's management and periodicaly appraised by outside
independent appraisal.  Forecasting any film or television
project's future revenues is a difficult and uncertain art, even
for major film distributors and television syndicators.  The
accounting principles and industry practices in these areas leave
unusual discretion with the film and/or television company
executives and often result in "unusual" changes in individual
periods. There is no generally accepted definitive industry
consensus for valuing motion picture and television inventory, the
value may be buried among films currently in release, television
productions currently in broadcast, film and television productions
under development or in production, distribution/syndication
contracts, participation agreements, performer and production
related contracts, and the ubiquitous 'other'.  FASB Statement of
Financial Accounting Standards No. 53, paragraph entitled
"Inventory Valuation" states "16. Unamortized production and
exploitation costs shall be compared with 'net realizable value'
for each reporting period on a film-by-film basis;" and in the
paragraph entitled "Net Realizable Value" it states, "Net
Realizable Value" is the estimated selling price (rental value) in
the ordinary course of business less estimated cost to complete and
exploit in a manner consistent with realization of that income".
The accounting profession is currently reviewing the problem of how
to fairly report film inventory on financial statements. Since the
FASB guidelines do not apply directly to the Company's particular
situation, in an effort to conform as closely as possible to the
guidelines and in accordance with management's recent receipt of
commentary from the Securities and Exchange Commission, the Company
has revalued its inventory of film and television product,
resulting in a reduction of net realizable value of four million
and ninety one thousand nine hundred and fifty dollars ($4,091,950)
in the stated value of such inventory on the December 31, 1997
balance sheet. In 1998, management for a second time revalued its
inventory based on management's recent receipt of commentary from
the Securities and Exchange Commission, with an additional
appraisal of potential resale value, encompassing worthiness of the
inventory items as works of art, and potential licensing
capabilities, resulting in an additional reduction of $3,868,380 in
the stated value of the net realizable value of such inventory at
December 31, 1998.  The results of the reevaluations effectuated in
1997 and 1998 resulted in a substantial reduction in book value of
approximately 51% for those items over these two years.  The 1997
revaluation and resulting reduction in value combined with the 1998
revaluation and its resulting reduction and value lowered the
balance sheet presentation of the asset identified as 'completed
motion pictures and television products'.  Also, a depreciation
policy has been adopted to amortize the film and television
inventory over a 10-year period. The Company has instituted a
maximum 10-year depreciation schedule which will result in the
amortization of 33-1/3% of the film and television product
inventory to be marketed over the next three years.  Although the
Company has on its Board of Directors and professional staff
personnel qualified to estimate the value of its film and
television inventory, for internal verification purposes, it
retained the services of an independent appraiser who reviewed the
Company's film and television completed product library, ensuring a
greater measure of objectivity as regards the carrying amount of
such inventory on the Company's December 31, 1999 balance sheet.
Generally Accepted Accounting Principles (GAAP) Release 62, June
2000, summarizes a proposed replacement for SFAS53.  The proposed
changes would not materially affect the Company's financial
statements at this time.

The Company is continually negotiating with various potential
lessors, both foreign and domestic, of portions of its film and
television product library.  The Company currently utilizes certain
state-of-the-art exploitation  venues such as Pay-Per-View,
satellite transmission, and the Internet to expose its catalog of
library product to the public.  Full marketing of the Company's
investment in its film and television product inventory is
dependent on the acquisition of additional capital.  The Company
depreciates each film or television program starting with its
specific marketing by the Company.

The Company presents an 'unclassified' balance sheet.  Cash
includes cash on deposit in checking and savings accounts with no
cash equivalents at December 31, 2000 and 1999.
The Company reviews the current pronouncements of the accounting,
government and industry professionals.  In that regard, it
continually analyzes its accounting policies to ensure that it is
current in the presentation of its financial statements,
particularly FASB Statement No. 53, GAAP Release No. 62, referred
to above, and No. 86, 89 and 121, and the Emerging Issues Task
Force No. 96-6, regarding development costs incurred after May 26,
1996, and the possible substantial impairment of assets.  The
Company believes it is not materially affected by any current
issues at this time.

NOTE 3	PRIOR PERIOD ADJUSTMENT

The Accumulated Deficit was increased by $199,500 representing
payments of common lettered (Rule 144 Restricted) stock of the
Company and stock for services in prior periods.

NOTE 4

In the year 2001, the Company expects to effect a substantial
"restructuring" which will materially affect the financial
statements essentially depreciation methodology, reduction of
accumulated deficit, reduction in shares outstanding and
revaluation of assets.

NOTE 5  	EARNINGS PER SHARE

As a result of a net loss from operations for years ended December
31, 1999 and 2000, there are no earnings per Common share for such
periods.  As a result of such net losses, there are no fully
diluted earnings per Common share after potential conversion of all
convertible Preferred shares.

NOTE 6 	TAXES

The Company presents its accounting statements on an accrual basis.
Certain state and local tax filings may differ from the federal
returns to take advantage of beneficial local tax law.  As of
December 31, 2000, the Company and its subsidiaries have sustained
a cumulative net operating loss which can be offset against future
taxable income.  As a result of recorded net operating losses, the
Company has not recognized any state and federal income tax
liability.  The Company does not use or expect to utilize the
accelerated depreciation option available under the U.S. Tax Code.

NOTE 7	LEGAL PROCEEDINGS

There are no material pending legal proceedings to which the
Company is a party or to which any of its assets are subject.
However, the Company is currently in ongoing negotiations for the
reimbursement of lost material which consists of eight 1" and/or
3/4" and/or digital betacam videotape and 35mm film submaster
copies of feature length motion picture and television productions,
owned or controlled by the Company, which were maintained at a post
production film and video facility.  The Company's attorneys are
preparing litigation and related processes relative to the lost
material in the event the results of the negotiations are
unsatisfactory.  In this regard, the Company is seeking damages in
the amount of three hundred ninety seven thousand five hundred
dollars ($397,500) for the loss of its "stored material".  Further,
the co-producers with the Company pertaining to a feature length
film, commenced litigation to attempt to dissolve the co-production
agreement which exists between the Co-Producer and the Company
relative to the production processes of that feature length film.
The Company's management and attorneys believed the lawsuit to be
groundless and therefore, defended the action on that basis.  The
matter ultimately resulted in a favorable settlement for the
Company, requiring the plaintiffs to pay all expenses of
litigation.  Further, the Company's attorneys are preparing
litigation and related processes to recover funds due and belonging
to the Company, which were misappropriated by sub-agents of the
Company.

Although no other litigation is contemplated or forseeable, various
legal actions, governmental investigations and proceedings and
claims may be instituted or asserted in the future by the Company
to protect its interest or against the Company and/or its
subsidiaries including those arising out of alleged deficiencies in
the Company's products; governmental or industry regulations
relating to safety, financial services; employment-related matters;
distributor, exhibitor, co-producer, vendor, supplier, or other
contractual relationships; intellectual property rights; product
warranties and environmental matters.  Some of the foregoing
matters involve or may involve compensatory, punitive or anti-trust
or other treble damage claims in varying amounts, environmental
remediation programs, sanctions or other relief which, if granted,
would require varying expenditures.

Litigation is subject to many uncertainties, and the outcome of
individual litigated matters is not predictable with assurance.
The Company does not reasonably expect, based on its analysis, that
any adverse outcome from such matters would have a material effect
on future consolidated financial statements for a particular year,
although such an outcome is possible.

NOTE 8 	SUMMARY OF CORPORATE SECURITIES MATTERS AND
		STOCK ISSUANCE

At December 31, 2000, all general voting power was vested in the
holders of the common stock class of securities of the Company.  At
that date, the holders of common stock were entitled to one vote
per share and in that aggregate, had 100% of the general voting
power provided in the Company's Restated Certificate of
Incorporation.  The Restated Certificate of Incorporation provides
that all shares of common stock share equally in dividends (other
than dividends declared with respect to any outstanding preferred
stock), except that any stock dividends are payable in shares of
common stock to holders of that class of securities.  Upon
liquidation, all shares of common stock are entitled to share
equally in the assets of the Company available for distribution to
the holders of such shares.  The preferred stock class of
securities of the Company ranks (and any other oustanding preferred
stock of the company would rank) senior to the common stock in
respect of dividends and liquidation rights.

Since November 1983, the Company's shares of Common Stock have
traded on the OTC (Over-the-Counter) market and is currently a
Fully Reporting publicly-held corporation.  The Company's NQB
(National Quotations Bureau) call symbol is WWMP and its Standard &
Poors Cusip no. is 981536 10 5.  The Company has advised its
stockholders and the public that it expects to apply for NASDAQ
quotation and/or quotations on other primary and/or secondary
exchanges as soon as practical. The Company is quoted on the OTC
(Over-The-Counter) Electronic Bulletin Board.

The following illustrates the Company's common and preferred
stock authorized, issued, and outstanding at December 31, 2000.


Common Stock:
Par Value	                           $ .001
Shares Authorized               100,000,000
Shares Issued and Outstanding    49,764,152

Preferred Stock:
Par Value (Stated Value .01)        $ 10.00
Shares Authorized                   100,000
Shares Issued And Outstanding        22,000

Par Value                             $ .01
Shares Authorized                 1,000,000
Shares Issued And Outstanding       159,217

NOTE 9	SUMMARY OF SUBSIDIARIES

The Company operates and/or maintains 9 wholly-owned
subsidiaries.  Certain of these subsidiary corporations are used
to produce and/or market individual motion pictures or television
productions.  Currently, three of the motion picture production
subsidiary corporations are active.  World Wide Productions,
Inc., for the purpose of producing the specialty television
production tentatively entitled 'Classic Car' (in production) and
the feature length motion picture tentatively entitled "Along for
the Ride" (in development); World Wide Entertainment, Inc., for
the purpose of distributing the completed full length motion
picture entitled "Amy", and producing the feature length motion
picture tentatively entitled "Mr. Corklesby" (in development);
and World Wide Films Inc., which has recently completed the
production of the feature length motion picture entitled
"Shattered Illusions" (in distribution). The Company operates one
diversified subsidiary which is related to the Company's core
industry, World Wide Film and Television Institute, Inc.  The
Institute's business is the development, production, marketing,
and implementation of educational symposiums, workshops, lectures
and forums in areas covering the entertainment industry,
specifically film and television financing, packaging,
production, marketing/distribution, and the networking process
that accompanies the entertainment business.  Revenue is created
primarily from the sale of tickets to these events.  Primary
symposiums are designed to be held annually and to accommodate
250 - 1000 people per event.  Workshops are designed to be held
in between the primary symposiums and to accommodate a maximum of
15 individuals.  The symposium and workshop events are further
designed to be duplicated in major cities around the country when
and if appropriate.

NOTE 10	SUMMARY OF STOCK OPTIONS, EMPLOYMENT CONTRACTS,
		ASSOCIATES, POTENTIAL DILUTION,  CONTINGENT
		LIABILITY AND ACCRUED PROFESSIONAL FEES

The Company has provisions for the issuance of options to
purchase shares of its Common Lettered Stock and certain of its
Preferred Stock now issued has conversion provisions wherein the
holder may convert his/her Preferred shares to Common Lettered
Stock under certain conditions.  There are one hundred and fifty
six thousand two hundred seventeen (156,217) shares of Preferred
Stock outstanding that is potentially convertible to shares of
Common, dependent upon the market price of the Common Stock as
determined by one or more exchanges.   (See table below for
potential conversion of Preferred Stock to Common Stock.)  The
Company, from time to time, has entered into agreements to issue
its Common Lettered Stock for certain goods and services and
arrangements beneficial to the ongoing activities of the Company.
Further, various employee contracts, non-exclusive associates
agreements, and service or purchase contracts contain provisions
for stock issuance.  The Company expects to continue to enter
into such agreements subject to all applicable securities law.
The potential contingent dilution from the issuance of the above
Common Stock for these purposes is nine million four hundred and
ninety eight thousand three hundred forty (9,498,340) shares.  At
December 31, 2000, the Company had an unpaid contingent salary
liability to its President and Chief Executive Officer, Paul D.
Hancock.  Mr. Hancock has waived accumulated back salary of three
million eighty thousand dollars ($3,080,000).  However, the
corporation will approve either the issuance of Preferred and/or
Common Stock or stock options as compensation therefor. Payment
of accrued and previously expensed professional fees of two
hundred and sixty nine thousand one hundred ninety one dollars
($269,191) (including legal, accounting and financial advisory
services) have been waived by the providers of those services,
who are also stockholders, and accounted for as contributed
capital.
<TABLE>
OUTSTANDING CONVERSION RATIO FROM PREFERRED TO COMMON:
<CAPTION>
					                  Preferred Stock
   			    		        Price per Share Conversion Common
							    ----------------------

           Par      No. of     Conversion    Market    Shares
Series     Value   Shares      Ratio*        Price After Exchange
-------    -------  ------     -------     -------	   -------
<S>           <C>       <C>      <C>             <C>        <C>
A          $10.00    20,000      1x1         $10.00     20,000
B             .01       717      1x20         10.00     14,340
C             .01     1,000      1x20          3.00     20,000
D&E           .01    26,000      1x20          5.00    520,000
F&G          .01      51,000      1x2         5.00      102,000
H&I          .01      15,000      1x10        5.00      150,000
J            .01       7,500      1x20         .10      150,000
K            .01      10,000       -0-         -0-          -0-
L            .01      25,000       -0-         -0-          -0-
           Totals    156,217                            976,340

* Preferred to Common
</TABLE>

NOTE 11	COMMON STOCK RESTRUCTURING

Pursuant to recent shareholder action (Annual Shareholder's Meeting
of December 8, 2000) to approve management recommendations, on
March 24, 1998, the corporation's Board of Directors adopted
resolutions for the possibility of (a) 'to amend Article 3 of the
Articles of Incorporation of the Company to add Section (12)
stating that "the Board of Directors may effect a stock combination
restructuring (reverse stock split) of the Corporation's
outstanding shares of Common Stock class of securities if the Board
of Directors in their sole judgment believe such restructuring is
in the best interest of the Corporation' and (b) 'file the
foregoing amendment with the State of Michigan Securities Bureau,
the Company's state of incorporation, to restate the Company's
certificate of incorporation.'   This action, if taken by the
Company's Board of Directors, would  amend the Company's Restated
Certificate of Incorporation and Articles of Incorporation (the
"Amendment") to: (i) effect a stock combination restructuring
(reverse stock split) of the Company's outstanding shares of the
Common Stock class of securities (the 'Reverse Split'), and (ii) to
provide for the payment of cash in lieu of fractional shares
otherwise issuable in connection therewith.  In this regard, the
Reverse Split, if effected, will not change the number of the
Company's authorized shares of Common Stock or the par value of the
Common Stock.

NOTE 12	NOTE RECEIVABLE, NOTE PAYABLE, LETTERS OF CREDIT,
      	LINES OF CREDIT, PROMISSORY NOTE

The Company has a note payable in the amount of sixteen thousand
three hundred dollars ($16,300).  The note holder holding the note
payable has agreed to waive payment until such time that the
Company has sufficient working capital to accomplish its
objectives.

The Company was issued a standby irrevocable Letter of Credit from
the Huntington Bank, Cleveland, Ohio (now Society Bank), in the
amount of fifty thousand dollars ($50,000) to serve as a secondary
standby line of credit.  The terms of the Huntington Bank Letter of
Credit required that, if utilized, the Company would pledge as
collateral a portion of its film and television product library.
If the Letter of Credit were exercised, the resultant loan would be
secured by a commensurate portion of the Company's film and
television product library.  The Huntington Bank terms also
provided that the Company would continue to be able to sell or
lease any portion of the product library as long as it retained
sufficient material to secure any loans made as a result of the
Letter of Credit.

The Company currently utilizes a seventy thousand dollars ($70,000)
primary line of credit with the Wells Fargo Bank of California to
accommodate its daily cash flow needs and occasionally uses its
credit lines at other financial institutions and with its vendors
and suppliers.

NOTE 13	YEAR 2000 ISSUE

Many currently installed computer systems and software products may
be coded to accept only two-digit entries in the date code field
and now that the Year 2000 has commenced, these code fields need to
accept four digit entries to distinguish years beginning with "19"
from those beginning with "20." As a result, computer systems
and/or software products used by many companies have been upgraded
to comply with such Year 2000 requirements.  Our Year 2000 Project
(the "Project") was substantially complete by the end of fiscal
1999. The scope and content of the Project included: assessing the
ability of computer programs and embedded computer chips to
distinguish between the year 1900 and the year 2000;  conducting a
review of our information technology ("IT") and non-IT systems to
identify those areas that could be affected by Year 2000 issues;
developing a comprehensive, risk-based plan to address IT and non-
IT systems and products, as well as dependencies on our business
partners; completing an inventory and risk-assessment of our
computer systems and related technology, and developing and
carrying out the testing and remediation process.  As part of the
remediation process, in fiscal 1999 we successfully conducted
testing of all IT and non-IT systems within our PC-based network.

The total cost for ensuring Year 2000 compliance was not material
to our financial position. To date, no significant Year 2000
problems have occurred, and the Year 2000 problem will not pose
significant operational issues for our operations in the future.
However, we cannot accurately predict a "worst case scenario" with
regard to our Year 2000 issues.We understand we may encounter
difficulties interfacing or interconnecting with third party
systems, whether or not those systems claim to be "compliant," and
therefore have completed an inventory and risk assessment of our
outside vendors and have identified those key vendors that
represent a significant risk. Part of our preparation included
preparing contingency plans in the event of non-compliance by those
vendors. Overall, we believe Year 2000 risks with key vendors and
suppliers are low because many are small manufacturers with
relatively simple business systems, however, we cannot guarantee
that the systems of those vendors and suppliers, or other companies
on which we rely,will be Year 2000 compliant. Failure by another
company to convert their systems to be Year 2000 compliant could
require us to incur unanticipated expenses to remedy problems,
which could have a material adverse effect on our business,
operating results and financial condition. To date, none of our key
vendors have had significant Year 2000 problems which have impacted
our operations.

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

Management's discussion and analysis of financial condition and
results of operation should be read in conjunction with the
consolidated financial statements and related notes.

RESULTS OF OPERATIONS

The Company's revenue for the six months ending June 30, 2001
was $107,034 as compared to $71,302 for the comparable period of
2000. The six month period ending June 30, 2001 net income prior
to depreciation expense was $108,422, and net income before
depreciation for the comparable period ending 2000 of $72,690.
For the six months ending June 30, 2001, expenses for the
Company's development, production and distribution operations and
its miscellaneous operations totaled $35,451 compared to $17,607
for the comparable period of 2000. The increase in operating
expenses of June 30, 2001 was primarily attributable to the
marketing and distribution of the feature length film entitled
"Amy", and the reproduction of film and the marketing of the film
project "Ninth Street" and to the Company's change in the method
of amortizing the cost of its inventory.  The increase in revenue
attributable to the second quarter 2001 is due to increased
revenue pursuant to the exploitation of the film project "Ninth
Street", "Shattered Illusions" and "Amy".  There were no
resultant per share earnings to common stockholders in June 30,
2001 and June 30, 2000. The Company derives its revenues from the
licensing of its newly created film and television productions,
the licensing of its inventory of previously produced films or
television productions and fees received for professional
services provided to the industry.  The Company also receives
revenue for the marketing and distribution of product produced or
owned by 3rd party producers and production companies. The
generation of revenue in the motion picture and television
industry is highly competitive which may have a material impact
on the Company's financial statements.

<TABLE>
The following table presents operations data and selected
statistical information for the periods indicated.

<CAPTION>
                                                 Three
                                          Months Ended June  30,
                                           2001          2000
                                           ----          ----
<S>                                             <C>          <C>
Revenues                                 $ 143,873    $ 90,297
Costs and Expenses
          Operating &
          Administration expenses           35,451      18,995
          Depreciation and amortization      1,388       1,388

Income (Loss)                            $ 107,034    $ 71,302

</TABLE>

The Company has presented a consolidated balance sheet which
includes four wholly-owned active subsidiaries: World Wide Films
Inc., World Wide Productions Inc., World Wide Film & Television
Institute, and World Wide Entertainment Inc.  The Company's
charter allows it to branch into diversified fields of enterprise
provided management concludes there is a significant potential
for profit. It is the decision of management to continue the
major portion of the Company's operations in the motion picture
and television industry, but since the primary business objective
of the Company is to increase the value of its stockholders'
equity, if and when opportunities arise to make profits for the
corporation in a diversified industry, the Company shall
investigate and if appropriate, pursue such opportunities. The
motion picture and television segment of the Company's current or
planned operations is the only segment material to the Company's
financial statements or condition.

The Company's motion picture and television participation
strategy has been to expend its resources and to set in place
relationships and contracts in preparation for the continued
development, acquisitions, production and/or marketing/
distribution of quality moderate budget feature length motion
pictures, documentaries, docudramas and television productions.
The strategy additionally includes the acquisition of screenplays
and teleplays suitable for development/packaging and completed
motion pictures and television projects for licensing and
marketing/distribution opportunities for all applicable sales
territories throughout the world.  At such time that the above-
referred to additional working capital is secured, it is the
Company's opinion that substantial revenue will be generated by
the existing film and television library and future distribution
of potential new product, ultimately realizing its projected
return on investment. Arrangements for participation by the
Company in various feature film and television productions for
the last 24-month period include gross and net revenue
participations in the following feature film and television
production ranging between 2-60% of worldwide revenue potential
including all markets and all media that the particular
production is distributed in.(1) In 1997, post production and
distribution of the documentary entitled THE OUTLAW TRAIL, 100
YEARS REVISITED, in association with Western Sunset Films, an 8-
year old Los Angeles based documentary production company. (2) In
1998, development and production of the television production
entitled CLASSIC CAR, in association with SLIM, Inc., a 4-year
old Los Angeles based television production company.  Other
arrangements include marketing and distribution of a feature
length film acquired by the Company entitled CITIZEN SOLDIER
originally produced by M&D Productions, a 7-year old Los Angeles
based film production company, purchased by the Company in 1995
and providing a 60% gross revenue participation to the Company in
perpetuity. Also, in 1995, the Company purchased thirty-seven
feature film submaster (videotape) prints from Stanley Pappas
providing 20% of any gross revenue of the product in perpetuity,
and the television production series entitled TIPS FOR BETTER
HEALTH and MARKET PLACES OF THE WORLD, both owned and produced by
Pacific Pictures Inc., a 9-year old Los Angeles based film and
television production company, and providing 5% gross revenue co-
production participation to the Company in perpetuity.
Additionally in 1995, the Company licensed to Media One
Broadcasting, a 12-year old television syndication company, for
$71,000 and 40% of net revenue the right to telecast four feature
motion pictures and seventeen television productions which the
Company owns as part of its completed product library. In 1996
the Company licensed to Wittman Productions Inc., a 4-year old
Los Angeles based film production company, twenty feature films
and television productions for $75,000 and 40% of net revenue for
the right to telecast and exploit those productions which the
Company owns as part of its library. In 1995 and 1996, certain
other film and television participations of the Company included
development and packaging arrangements, the Company's review and
in certain cases, advice and counsel on screenplays and
screenplay development scenarios for the subsequent possible
packaging and production and distribution of a particular
project. The most significant of these productions, their
production companies, and percentage of future gross revenue
allocated to the Company, were the feature length film entitled
CHOICE offered by production company Best Pictures Inc., a 4-year
old Los Angeles based production company, (50%); and the feature
length film entitled ALONG FOR THE RIDE offered by production
company Wittman Productions Inc., a 4-year old Los Angeles based
production company, (50%).  In 2002 and 2003, the Company expects
to produce and/or distribute two full length feature films or
specialty television projects for theatrical and ancillary
worldwide exploitation. The productions will be entirely or in
large part under the responsibility, control and ownership of the
Company. All financing for the completion of the recently
completed feature length production entitled SHATTERED ILLUSIONS
featuring Morgan Fairchild, Bruce Weitz, Richard Lynch and Dan
Monahan was secured and the production was completed and is now
in distribution. The feature length production, ALONG FOR THE
RIDE and/or MR. CORKLESBY, has approximately 50% of the financing
secured and negotiations for the remainder in process.  The
Company entered into an agreement with Jaguar Entertainment, of
Los Angeles, California, for the purpose of marketing and
distributing the feature length motion picture entitled NINTH
STREET featuring Martin Sheen and Isaac Hayes to all domestic
non-theatrical ancillary markets including home video, pay
television, network television, satellite and DVD.

Further, during fiscal year 2000 and in addition to continuing to
exploit existing film and television projects such as the feature
length films entitled "Shattered Illusions" and "Ninth Street", the
Company negotiated and signed a North American Distribution
contract on June 17, 2000, for the theatrical and ancillary
exploitation of a full length feature film entitled "Amy".  The
Company also executed an agreement on June 20, 2000 for the
complete purchase of two full length feature films entitled
"Malevolence" and "The Second Coming" from Sig Larsen Productions
Inc. in Los Angeles, California, which includes all foreign and
domestic rights to each film; a domestic U.S. only, Distribution
Agreement was executed with a sub-agent for First Motion Picture
Inc. in Toronto, Ontario, Canada, on March 27, 2000, for the
explotatation of ancillary rights to the full length feature film
entitled "Jigsaw"; and on May 8, 2000, a domestic U.S. Distribution
Agreement was executed with Praxis Entertainment Inc. in Dallas,
Texas for the exploitation of ancillary rights to five full length
feature films entitled "Flying Changes", "Winning Colors",  "Shadow
Dancer", "Trance", and "Corndog Man".

<TABLE>
The following is a table showing the comparison of balance sheet
data between 2001 and 2000.
<CAPTION>
                                                Three Months
                                               Ended June 30,

CATEGORY                                2001               2000
                                        ----              -----
<S>                                         <C>               <C>
Net Profit (Loss)                      107,034          * 71,302
Assets                              11,091,246        11,221,114
Stockholders'Equity                 10,982,756        11,037,998
Liability                              108,490           183,116
Net Revenues                           142,873            90,297
Inventory                           12,229,016        12,229,016

*Reflects change in method of amortizing completed film
inventory.
</TABLE>

The Company experienced no material changes during the second
quarter of 2001 regarding its operations or its financial
position relative to second quarter 2000.  There are no seasonal
or other factors regarding the Company's intra-year operations
that require explanation of a percentile swing in inter-quarter
reports.

GENERAL

In fiscal 2000 and the first six months of 2001 the Company
continued its involvement in a variety of film and television
projects relative to development, acquisitions, packaging,
production and marketing/distribution activities. The Company
also continued to pursue potential diversified business
opportunities that have cash flow possibilities. Management
believes that a film or television production's economic success
is dependent upon several overlapping factors including general
public appetite of a potential genre or performer at the time of
release, domestic and international marketing philosophy,
applicable usage of existing and new and emerging technology,
advertising strategy with resultant penetration and the overall
quality of the finished production. The Company's film and
television productions may compete for sales with numerous
independent and foreign productions as well as projects produced
and distributed by a number of major domestic and foreign
companies, many of which are units of conglomerate corporations
with assets and resources substantially greater than the
Company's. Management of the Company believes that in recent
years there has been an increase in competition in virtually all
facets of the Company's business. Specifically, the motion
picture industry competes with television and other forms of
leisure-time entertainment. Since the Company may for certain
undetermined markets and products distribute its product to all
markets and media worldwide, it is not possible to determine how
its business as a whole will be affected by these developments
and accordingly, the resultant impact on the financial
statements. The Company has currently obtained the investment
capital to produce and/or distribute a minimum of two full length
feature films or specialty television productions within the next
two years.  In addition to the development, financing,
production, and distribution of motion picture and television
product, the Company expects to continue to exploit a portion or
portions of the Company's completed film and television library
to a wide variety of distribution outlets including network
television, cable television, satellite broadcast, pay-per-view,
and home video sales. Specifically, live action motion pictures
are generally licensed for broadcast on commercial television
following limited or wide release distribution to theatrical
outlets (theaters), home video and pay television. Licensing to
commercial television is generally accomplished pursuant to
agreements which allow a fixed number of telecasts over a
prescribed period of time for a specified license fee. Television
license fees vary widely, from several thousand to millions of
dollars depending on the film or television production, the
number of times it may be broadcast, whether it is licensed to a
network or a local station and, with respect to local stations,
whether the agreement provides for prime-time or off-time
telecasting. Licensing to domestic and foreign television
stations (syndication) is an important potential source of
revenue for the Company, although in recent years the prices
obtainable for individual film and television product in domestic
syndication have declined as pay television licensing has grown.
The growth of pay television and home video technologies, i.e.
DVD (Digital Video Disk) and HDTV (High Definition television),
has had an adverse effect on the fees obtainable from the
licensing of film and television product to networks and local
television stations. Thereby potentially effecting the Company's
ability to generate substantive revenue from this particular
venue; however increasing revenue potential in other areas.
Conversely, the Company may derive revenue from the marketing and
sale, either directly or through licensees, of motion pictures
and other filmed or videotaped product on videocassette or
Digital Video Disk for playback on a television set or monitor
through the use of videocassette recorders ("VCRs"), digital
video disk recorders and continued advancements of pay television
(cable), satellite broadcast technologies, and Internet
applications domestically and internationally. The Company
currently holds the distribution rights to 290 motion picture and
television titles.The revenue competition relative to existing or
pending exploitation agreements of the Company's film and
television product library and current and future production and
distribution of projects is volatile due to the many
technological and innovative changes in the industry and also
changes regularly occurring in the international economy.

LIQUIDITY AND CAPITAL RESOURCES

Although the Company experienced positive cash flow prior to
provisions for depreciation expense, the Company experienced net
losses and negative cash flow from operations for yearend 2000,
and also, as of the comparable period in 1999.   At June 30,
2001, the Company had $68,154 in cash and no cash equivalents and
in the same period, 2000, the Company had $67,557 in cash and no
cash equivalents. The Company anticipates that its existing
capital resources may be adequate to satisfy its capital
requirements for the forseeable future. However, to accomplish
the Company's planned activities, it will need to raise
additional funds through public or private financings in the form
of debt or equity.  The Company has available substantial loss
carry forwards for federal income tax purposes. The exact amount
of the loss carryforwards is uncertain until the Company reaches
an understanding with the Internal Revenue Service in that
regard.In order to finance its operations, working capital needs
and capital expenditures, the Company utilized revenue from
licensing fees, loans, proceeds from the private sale of equity
securities, deferred compensation, profit participation, and
equity in exchange for services and product.

In accordance with the Securities and Exchange Commission
"Regulation D", and subject to Rule 144 restrictions, the Company
issued 5,000 shares of its common stock and no shares of its
preferred stock for cash and 105,000 shares of its common stock
and no shares of its preferred stock for product and services
acquired by or provided to the Company in second quarter period
ending June 30, 2001.  For the comparable period in 2000, the
Company issued 6,667 shares of its common stock and no shares of
its preferred stock for cash and 445,500 shares of its common
stock and 25,000 shares of its preferred stock for product and
services. No proceeds from the sale of the corporation's common
stock or preferred stock has ever been used to pay compensation
to employees or executives of the Company. The Company currently
utilizes a seventy thousand ($70,000) dollar primary line of
credit with the Wells Fargo Bank of California, to accommodate
its daily cash flow needs and occasionally uses its credit lines
at other financial institutions and with its vendors and
suppliers. A portion of some of the Company's projects are
financed by "projects specific" investment participations.

The Company's principal liquidity in the period ending June 30,
2001, included cash of $68,154 and net accounts receivable of
$509,291 and in period ending June 30, 2000, included cash of
$67,557 and net accounts receivable of $230,122. The Company's
liquidity position has remained sufficient enough to support on-
going general administrative expense, pilot programs, strategic
position, and the garnering of contracts, relationships and film
and television product for addition to the Company's library, and
the financing, packaging, development and production of two
feature films and specialty television projects. Although the
Company during 2000 and 2001 experienced revenue, unless the
Company has an influx of additional capital, the Company will not
be able to accomplish its planned objectives and revenue
projections. Accordingly, the Company intends to resolve and
provide for its liquidity needs as well as provide for the needed
capital resources to expand its operations through a future
proposed public offering of its common shares to the public. It
is anticipated that such an offering will commence within the
next 24 months for an amount to be determined by the Company and
underwriter(s) if any. To meet the Company's interim liquidity
and capital resources needs while the Company's contemplated
public offering is being prepared and examined, the Company is
presently investigating the possibilities of future loans and is
considering future sales of unregistered common equity to
accredited investors under one or more exemptions that provide
for the same. In the event a loan is obtained, one of the terms
may provide that the same be repaid from the proceeds derived
from the Company's contemplated public offering. A primary use of
public offering proceeds would be the further exploitation of the
Company's current completed product film and television library,
participations in completed films, and the continued development,
production and marketing/distribution of new film and television
production opportunities.  The Company continues to discuss
acquisitions and mergers with various interested parties.

<TABLE>
The following table presents equity and cash flow data for the
periods indicated.
<CAPTION>
                                         Three Months
                                        Ended June 30,
                                      2001         2000
                                     -----        -----
<S>                                      <C>           <C>
Stockholders' Equity             10,982,756   $11,037,998
Common Stock Outstanding         50,628,652    49,446,067
Income Deficit (before
    depreciation)                   108,422        71,302
Accumulated Deficit              (9,808,756)   (9,612,681)
Cash                                 68,154        67,557

</TABLE>

In 1997 and 1998, management revalued its inventory based on
management's receipt of commentary from the Securities and
Exchange Commission, with an additional appraisal of potential
resale value, worthiness as works of art, and potential licensing
capabilities, resulting in a reduction in management's estimate
of a net realizable value in 1997 of $4,091,950 and in 1998 of
$3,868,380. The results of the reevaluations effectuated in 1997
and 1998 resulted in a substantial reduction in book value of
approximately 51% for those items.

The Company expects its marketing operations to expand
considerably over the next three years.  The current inventory
and contracts acquired by the Company are now beginning to be
more vigorously exploited.  As the Company's focus moves from
extensive accumulation of product and contracts in an ownership
capacity to capital acquisition specifically for marketing
purposes using recently developed technologies. Although the
Company is conservative regarding its policy concerning the use
of borrowed operating capital, it is now in a position to use its
reputation and contacts in the industry to leverage operating
funds profitably.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS AND
MANAGEMENT'S STATEMENT REGARDING INTERIM PERIOD ADJUSTMENTS

The statements which are not historical facts contained in this
Form 10-QSB are "forward looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
that involve risks and uncertainties.  The words "anticipate",
"believes", "expect", "intend", "may" or similar expressions used
in this Form 10-QSB as they relate to the Company or its
Management are generally intended to identify such forward
looking statements.  These risks and uncertainties contained in
this Form 10-QSB include but are not limited to, product demand
and market acceptance risks, the effect of  economic conditions
generally and retail/wholesale in the motion picture and
television industry and marketing conditions specifically, the
impact of competition, technological difficulties, capacity and
supply constraints or difficulties, the results of financing
efforts, changes in consumer preferences and trends, the effect
of the Company's accounting policies, weather conditions, acts of
God, and other risks detailed in the Company's Security and
Exchange Commission filings.  The Company's management has made
all the adjustments relative to the fiscal yearend statements and
the interim period herein, which in the opinion of management are
necessary in order to make the financial statements not
misleading.

Part II.  Other Information

Item 1.  Legal Proceedings

INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

There are no material pending legal proceedings to which the
Company is a party or to which any of its assets are subject.
However, the Company is currently in ongoing negotiations for the
reimbursement of lost material which consists of eight 1" and/or
3/4" and/or digital betacam videotape and 35mm film submaster
copies of feature length motion picture and television productions,
owned or controlled by the Company which were maintained at a post
production film and video facility.  The Company's attorneys are
preparing litigation and related processes relative to the lost
material in the event the results of the negotiations are
unsatisfactory.  The Company is seeking damages in the amount of
three hundred ninety seven thousand five hundred ($397,500) dollars
for the loss of its "stored material". Further, the co-producers
with the Company's subsidiary, World Wide Films Inc., pertaining to
a feature length film, commenced litigation to attempt to dissolve
the co-production agreement which exists between the Co-Producer
and the Subsidiary relative to the production processes of that
feature length film. The Company's management and attorneys
believed the lawsuit to be groundless and therefore, defended the
action on that basis.  The matter ultimately resulted in a
favorable settlement for the Company, requiring the plaintiffs to
pay all expenses of litigation.

Various legal actions, governmental investigations and proceedings
and claims may be instituted or asserted in the future by the
Company or against the Company and/or its subsidiaries including
those arising out of alleged deficiencies in the company's
products; governmental or industry regulations relating to safety,
financial services; employment-related matters; distributor,
exhibitor, co-producer, vendor, supplier, or other contractual
relationships; intellectual property rights; product warranties and
environmental matters.  Some of the foregoing matters involve or
may involve compensatory, punitive or anti-trust or other treble
damage claims in varying amounts, environmental remediation
programs, sanctions or other relief which, if granted, would
require varying expenditures.

Litigation is subject to many uncertainties, and the outcome of
individual litigated matters is not predictable with assurance.
The Company does not reasonably expect, based on its analysis, that
any adverse outcome from such matters would have a material effect
on future consolidated financial statements for a particular year,
although such an outcome is possible.

Item 2. Changes in Securities

None

Item 3. Defaults Upon Senior Securities

N/A

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

N/A

Item 5. Other Information

N/A

Item 6. Exhibits and Reports on Form 8-K

N/A


SIGNATURE

          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 thereto duly authorized.

                           WORLD WIDE MOTION PICTURES CORPORATION



August 8, 2001            /s/ A. Robert Sobolik
                              A. Robert Sobolik
                              Executive Vice President/Treasurer