SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) of the
                -------------------------------------------------
                             SECURITIES ACT OF 1934

                For the Quarterly period ended September 30, 1999
                             Commission File Number

               NATIONAL FRUIT AND VEGETABLE TECHNOLOGY CORPORATION
               ---------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

          Nevada                                           88-0222729
          ------                                           ----------
(State or Other Jurisdiction of                           (IRS Employer
 Incorporation or Organization)                        Identification No.)

                210 Water Street, Baltimore, Ohio         43105
                ---------------------------------         -----
               (Address of Principal Executive Offices) (Zip Code)

        Registrant's Telephone Number, Including Area Code (740) 862-6300


                    Common Stock, Par Value $0.001 Per Share
                                (Title of Class)

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.

[X] Yes [ ] No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.

                                   84,124,800
                    NUMBER OF COMMON STOCK SHARES OUTSTANDING
                    -----------------------------------------
                                On March 31, 2000
                                -----------------

Traditional Small Business Disclosure Format (Check One):

[X] Yes [ ] No

                                       1

<PAGE>

ITEM 1.  Financial Statements

               National Fruit and Vegetable Technology Corporation
                        (A Development Stage Corporation)

                                  Balance Sheet
                            As of September 30, 1999

                                    Unaudited

                                     Assets
                                     ------

Current assets
      Cash                                               $   175,600
      Prepaid expenses                                         3,800
                                                         -----------
                                                             179,400
                                                         -----------

Property & equipment                                      13,969,300
      Accumulated depreciation                              -785,600
                                                         -----------
                                                          13,183,700
                                                         -----------
              Total assets                               $13,363,100
                                                         ===========

                       Liabilities & Shareholders' Equity
                       ----------------------------------

Current liabilities
      Current portion of long-term debt                  $    49,000
      Current portion of notes payable to shareholder        250,000
      Accounts payable                                       499,100
      Accrued expenses                                       175,700
                                                         -----------
                                                             973,800
                                                         -----------
Long-term obligations
      Long-term debt                                           3,000
      Capital leases                                          12,800
      Notes payable to shareholder                           150,000
                                                         -----------
                                                             165,800
                                                         -----------
Shareholders' equity
      Common stock                                            81,400
      Additional paid-in capital                          19,451,200
      Deficit accumulated during the development stage    -7,309,100
                                                         -----------
                                                          12,223,500
                                                         -----------
              Total liabilities & shareholders' equity   $13,363,100
                                                         ===========

  The accompanying footnote is an integral part of these financial statements.

<PAGE>

               National Fruit and Vegetable Technology Corporation
                        (A Development Stage Corporation)
                   Statements of Loss and Accumulated Deficit
                    For the periods ended September 30, 1999

                                    Unaudited
<TABLE>
<CAPTION>

                                                                               Cumulative
                                                    Three Months  Nine Months    During
                                                        Ended        Ended     Development
                                                      30-Sep-99    30-Sep-99     Stage
                                                     ----------   ----------   ----------
<S>                                                  <C>          <C>          <C>
Costs and expenses
               General and administrative            $   33,300   $  410,100   $4,772,800
               Depreciation and amortization             29,900       89,800    1,301,400
               Research and development                    --           --        297,100
               Loss on property disposal                   --           --        717,800
                                                     ----------   ----------   ----------
                              Loss from operations       63,200      499,900    7,089,100
                                                     ----------   ----------   ----------
Other income (expense)
               Interest income                             --           --         83,900
               Interest expense                         -36,000      -61,200     -297,900
               Gain (loss) on sale of assets               --           --         -6,000
                                                     ----------   ----------   ----------
               Net loss                                  99,200      561,100    7,309,100
                                                     ----------   ----------   ----------
Accumulated deficit -- Beginning of period            7,209,900    6,748,000         --
                                                     ----------   ----------   ----------
Accumulated deficit -- End of period                 $7,309,100   $7,309,100   $7,309,100
                                                     ==========   ==========   ==========

Loss per common share
               (Basic and Diluted)                   $    0.001   $    0.007   $    0.166
                                                     ==========   ==========   ==========
</TABLE>

  The accompanying footnote is an integral part of these financial statements.


<PAGE>



               National Fruit and Vegetable Technology Corporation
                        (A Development Stage Corporation)
                  Statement of Shareholders' Equity (Unaudited)
                    For the periods ended September 30, 1999

                                    Unaudited
<TABLE>
<CAPTION>

                                                               Common Stock
                                                       (par value $ .001 per share)   Additional   Accumulated
                                                           Shares         Amount   Paid-in Capital   Deficit        Total
                                                         -----------   -----------   -----------   -----------   -----------
<S>                                                       <C>          <C>           <C>           <C>           <C>
Balance December 31, 1998                                 79,215,500   $    79,200   $18,370,900   $ 6,748,000   $11,702,100
                                                         -----------   -----------   -----------   -----------   -----------
Stock issued at $ .50 per share (net of
                redemptions)                                 734,500           700       366,600           --        367,300
Net loss for the three months ended March 31, 1999                                                    -268,300      -268,300
                                                         -----------   -----------   -----------   -----------   -----------
Balance March 31, 1999                                    79,950,000        79,900    18,737,500    -7,016,300    11,801,100
                                                         -----------   -----------   -----------   -----------   -----------
Stock issued at $ .50 per share (net of
                redemptions)                                 415,000           400       207,100           --        207,500
Net loss for the three months ended June 30, 1999                                                     -193,600      -193,600
                                                         -----------   -----------   -----------   -----------   -----------
Balance June 30, 1999                                     80,365,000   $    80,300   $18,944,600   $-7,209,900   $11,815,000
                                                         -----------   -----------   -----------   -----------   -----------
Stock issued at $ .50 per share (net of
                redemptions)                               1,015,500         1,100       506,600           --        507,700
Net loss for the three months ended September 30, 1999                                                 -99,200       -99,200
                                                         -----------   -----------   -----------   -----------   -----------
Balance September 30, 1999                                81,380,500   $    81,400   $19,451,200   $-7,309,100   $12,223,500
                                                         ===========   ===========   ===========   ===========   ===========
</TABLE>

  The accompanying footnote is an integral part of these financial statements.

<PAGE>

               National Fruit and Vegetable Technology Corporation
                        (A Development Stage Corporation)
                             Statement of Cash Flows
                    For the periods ended September 30, 1999

                                    Unaudited
<TABLE>
<CAPTION>

                                                                                                   Cumulative
                                                                     Three Months  Nine Months       During
                                                                         Ended        Ended       Development
                                                                       30-Sep-99    30-Sep-99        Stage
                                                                      ----------   -----------   ------------
<S>                                                                   <C>          <C>           <C>
Cash flows from operating activities

     Net loss                                                         $  -99,200      -561,100   $ -7,309,100
                                                                      ----------   -----------   ------------
     Adjustments to reconcile net loss to net cash
          used in operating activities:
             Depreciation and amortization                                30,000        89,800      1,301,400
             Loss on sale of equipment                                      --            --            6,000
             Loss on property disposal                                      --            --          717,800
             Common stock issued for operating expenses                     --            --          286,100
             Sources (uses) of cash from change in:
                 Inventory                                                  --            --           51,800
                 Deposits                                                   --            --           -3,800
                 Accounts payable                                       -264,900        35,800        499,000
                 Accrued expenses                                         11,200        43,200        177,200
                                                                      ----------   -----------   ------------
                 Net cash used in operating activities                  -322,900      -392,300     -4,273,600
                                                                      ----------   -----------   ------------
Cash flows  from investing activities

     Purchases of property and equipment                               -189,800       -798,700    -11,846,700
     Sale of property and equipment                                         --            --          219,200
                                                                      ----------   -----------   ------------
                 Net cash used in investing activities                  -189,800      -798,700    -11,627,500
                                                                      ----------   -----------   ------------
Cash flows from financing activities

     Proceeds from issuance of long-term debt                               --            --        1,112,100
     Principal payments on long-term debt                                   --          -8,900       -689,900
     Proceeds from notes payable to shareholder                             --            --          525,000
     Principal payments on notes payable to shareholder                     --            --         -125,000
     Proceeds from capital leases                                           --            --           90,700
     Principal payments on capital leases                                   --         -56,700       -198,800
     Increases in advances payable                                          --            --          229,300
     Proceeds from issuance of common stock                              507,700     1,092,500     15,389,800
     Redemption of common stock                                             --         -10,000       -256,500
                                                                      ----------   -----------   ------------
                 Net cash provided by
                    financing activities                                 507,700     1,016,900     16,076,700
                                                                      ----------   -----------   ------------

Increase (decrease) in cash                                               -5,000      -174,100        175,600

Cash -- Beginning of period                                              180,600       349,700           --
                                                                      ----------   -----------   ------------

Cash -- End of period                                                 $  175,600       175,600   $    175,600
                                                                      ==========   ===========   ============
</TABLE>

  The accompanying footnote is an integral part of these financial statements.

<PAGE>


ITEM 2:  Management's Discussion and Analysis or Plan of Operation


         Statements   contained   herein  that  are  not  historical  facts  are
forward-looking  statements  as that term is defined by the  Private  Securities
Litigation  Reform  Act  of  1995.   Although  the  Company  believes  that  the
expectations  reflected in such forward-looking  statements are reasonable,  the
forward-looking  statements  are subject to risks and  uncertainties  that could
cause  actual  results to differ  from those  projected.  The  Company  cautions
investors  that  any  forward-looking  statements  made by the  Company  are not
guarantees of future  performance and that actual results may differ  materially
from  those in the  forward-looking  statements.  Such  risks and  uncertainties
include, without limitation: well established competitors who have substantially
greater financial resources and longer operating histories, regulatory delays or
denials,  the  Company's  ability to  compete as a start-up  company in a highly
competitive market, and access to sources of capital.

         The  Company  has not  received  revenues  from  operation  during  the
two-year period immediately preceding the filing of this Amended Form 10-SB.

Plan of Operation

         During the past year,  the Company  has focused on creating  its potato
processing  facility.  During the last quarter of 1999, the Company concentrated
on enhancing the facility's  automated weighing,  bagging and packaging line. By
the end of December  1999,  the Company's  entire  facility ran smoothly and was
able  to  process  raw  potatoes  into  cooked  and  packaged  potato  products.
Management focused on processing potatoes into french fries and has been able to
run the  Company's  facility  all day long and process,  cook,  bag and store in
french fry product.

         During the first quarter of 2000, the Company's  operations  focused on
refining the packaging process. Hundreds of thousands of pounds of potatoes were
processed in order to refine the packaging process. The Company was able to test
different  plastic  bagging  materials  and selected the  materials  deemed most
compatible the Company's machinery.

         During this same time,  Management was able to test packaging materials
with a view to increasing the "shelf life" of the processed product. The Company
believes that most of its customers (restaurant chains) will desire a shelf life
of 30 days. Though its testing program,  the Company has been able to extend the
shelf life of its products from 2 days to approximately 35 days. Optimally,  the
Company would like to see a shelf life of 45 days for its products.  Such a goal
may be limited,  however,  by limitations of available  bagging  materials.  The
Company  is  attempting  to  reach  its  shelf  life  goal  without  the  use of
preservatives or other chemicals which would complicate the Company's processing
line.


                                       2
<PAGE>

         The Company also has been able to test boxing materials for the storage
and delivery of its bagged potato products.  Once suitable boxing materials were
found, management designed artwork for its boxes and bags.

         First  quarter  efforts  also were  focused on  reducing  the number of
defective fries created while processing  potatoes.  Management believes that by
the end of March 2000 the Company  was able to process  potatoes in fries with a
ratio of 10,000  usable  fries to every 1 unusable  fry.  The  Company  hopes to
improve  this ratio to 100,000 to 1.  Management  believes  that such a ratio in
necessary to successfully market the Company's products.

         One of byproducts of the Company's  potato  processing is starch in the
waste water created. The Company has created a de-starching  equipment which has
been added to the Company's facilities. The Company recovers the starch from the
waste water and intends to sell that starch. The treated water is then reused in
the  processing  facility.  This  recycling  process,  along with  attention  to
recycling other wastes created, earned the Company certification by the Ohio EPA
as an environmentally friendly company.

         The move to full  production in 2000 has been hampered by problems with
the Company's  well water system.  In December 1999,  management  noticed that a
large  amount of sand was coming  from one of its  high-volume  industrial  well
water  systems.  The Company  hired a  professional  well-testing  company which
determined  that the sell had developed  major holes in its casing and that part
of the well had collapsed.  The Company contracted with a well-drilling  company
to replace the casing and install a new  deep-well  filter and a new  industrial
high-volume  pumping system. Work on this problem was not completed until May of
2000.

         During  the first  quarter  of 2000,  the  Company's  sales  staff gave
numerous tours to prospective  customers.  Some restaurant chains have expressed
interest in test marketing the Company's  products.  During the second and third
quarters of 2000,  the  Company's  sales  staff will  attempt to enter into test
marketing agreements and complete such test marketing.

         When the  Company is in full  operations,  including  a complete  sales
staff,  management  anticipates  that the Company will employ  approximately  32
individuals to serve as clerical and operations  staff and eight (8) individuals
to work as sales  staff.  Management  expects to deliver and invoice  product to
restaurant customers during the third quarter of 2000.

         At  the  same  time,   management   anticipates   expanding  processing
operations.  Such  operations will require  additional  personnel to work in the
Company's  product control  laboratory and operate the Company's  processing and
storage facilities. Management anticipates operating its facilities with a total
of approximately 40 people, which includes sales,  production and administrative
personnel.

                                       3
<PAGE>

         Management  intends to fund operations in the third and fourth quarters
of 2000 with cash on hand.  If  additional  cash is  required,  the Company will
obtain such cash either  through  conventional  financing or loans from existing
shareholders.  Management  intends to limit  further  private  offerings  of the
Company's securities. Given the fact that the Company's facilities and equipment
are  unencumbered,   management   believes  that  continued  financing  will  be
available. Indeed, on June 21, 2000, management obtained a line of credit in the
amount of  $500,000  at the Fifth  Third Bank in  Columbus,  Ohio.  This line of
credit is secured by the  Company's  accounts  receivable  and its  inventory of
processed goods.  Management has the ability to draw down on this line of credit
as it  deems  necessary.  Also,  management  believes  that  it has  had  strong
shareholder support for its operations and that any additional cash necessary to
commence operations will be available.  With this line of credit and shareholder
support,  management  believes that it has the ability to fund operations during
the next twelve months.

         Once operations are under way, management of the Company intends to add
staff,  equipment and continued research and development with revenues generated
from sales.  Once the Company's  facilities are in full  commercial  production,
management  believes that it can satisfy the Company's cash requirements for the
next 12 months with its revenues from sales.

         Nonetheless,  the Company's  cash flow could be negatively  impacted by
unforeseen events, such as the collapse of the chasing on one of Company's water
wells as described above. Such events may create cash needs beyond the Company's
current  ability to meet such  needs.  In  addition,  the  Company's  ability to
generate  sales could be impacted  upon by such factors as  availability  of raw
potatoes and other supplies provided by third parties over which the Company has
no control. Delays or failures on the part of such third-party suppliers to meet
their  obligations  to the  Company  could  cause the  Company to fall behind in
meeting any  obligations it may have to its  customers.  Given the fact that the
Company has not operated in full production with on going sales, it is difficult
for  management  to predict with any certainty the degree to which such problems
could exist and the  magnitude of the impact of such problems upon the Company's
ability to operate.

                                       4
<PAGE>

                                     PART II
                                Other Information

ITEM 1:  Legal Proceedings

         The  Company is not a party to, and none of the  Company's  property is
subject to, any pending or threatened  legal,  governmental,  administrative  or
judicial proceedings.

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

         No matters have been submitted to a vote of the security holders during
the  period  covered  by this  report  through  the  solicitation  of proxies or
otherwise.

ITEM 5:  Other Information

         None.

ITEM 6:  Exhibits and Reports on Form 8-K

A.       Exhibits

   (2)   Plan of acquisition, reorganization, liquidation or succession:
         NONE.

   (3)   (i)  Articles of Incorporation *
         (ii) By-laws *

  (27)   Financial Data Schedule.

* Incorporated by reference from the Registrant's Form 10-SB.

B.       Reports on Form 8-K.

         The  Registrant  did not file  reports on Form 8-K  during the  quarter
covered by this report.

                                       5
<PAGE>

                                   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,
thereunto duly authorized.

Dated: June 26, 2000.

                                    NATIONAL FRUIT AND VEGATABLE
                                    TECHNOLOGY CORPORATION

                                    By /s/ Daniel K. Cashman
                                    ------------------------
                                           Daniel K. Cashman
                                           President