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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB


           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

              For the quarterly period ended September 30, 2000


                         Commission file number: 0-27862


                          REALITY INTERACTIVE, INC.
            (Exact name of registrant as specified in its charter)


               MINNESOTA                                   41-1781991
   ---------------------------------          ----------------------------------
      State or other jurisdiction of          I.R.S. Employer Identification No.
      incorporation of organization

             SUITE 121
         7885 FULLER ROAD
     EDEN PRAIRIE, MINNESOTA 55345                       (612) 253-4713
---------------------------------------       ----------------------------------
Address of principal executive offices           Registrant's telephone number


Check 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
                                                        ------           ------

At October 31, 2000, 4,677,407 shares of registrant's $.01 par value Common
Stock were outstanding.

   Transitional Small Business Issuer Format        Yes              No     X
                                                        ------           ------



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                                FORM 10-QSB INDEX


PART I  -  FINANCIAL INFORMATION

Item 1.  Financial Statements.................................................3

Item 2.  Management's Discussion and Analysis of Financial Condition and
               Results of Operations..........................................7

Item 4.  Submission of Matters to a Vote of Security Holders..................9


PART II -  OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K....................................10

SIGNATURES...................................................................11

EXHIBIT INDEX................................................................12


                         SAFE HARBOR STATEMENT UNDER THE
               PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

      This Quarterly Report on Form 10-QSB contains 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. These
forward-looking statements involve risks and uncertainties that may cause the
Company's actual results to differ materially from the results discussed in the
forward-looking statements.

      On April 30, 1999, the Company ceased business operations. Management of
the Company believes this action was necessary in light of the Company's current
liquidity needs and lack of short-term revenue opportunities.

      Since April 30, 1999, the Company has been exploring potential uses of its
public shell. While the Company seeks potential uses for the public shell, the
primary factor that might cause such difference in results is the Company's
inability to find a suitable acquisition or merger candidate or other use for
its public shell in the near future.








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                         PART I - FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS

                            REALITY INTERACTIVE, INC.
                                  BALANCE SHEET


                                                  September 30,  December 31,
                                                      2000           1999
                                                  -------------  ------------
ASSETS                                             (Unaudited)    (Audited)

Cash and cash equivalents......................   $    12,415    $    40,986
Prepaid expenses and other current assets......           895          2,921
                                                  -----------    -----------
        Total assets...........................   $    13,310    $    43,907
                                                  ===========    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Accounts payable...........................   $     8,460    $     9,688
    Accrued liabilities........................         7,953          7,953
                                                  -----------    -----------
        Total current liabilities..............        16,413         17,641
                                                  -----------    -----------

Stockholders' equity:
    Common stock, $.01 par value, 25,000,000
      shares authorized; 4,677,407 shares
      outstanding at both dates................        46,774         46,774
    Additional paid-in capital.................    15,386,692     15,386,692
    Accumulated deficit........................   (15,436,569)   (15,407,200)
                                                  -----------    -----------

        Total stockholders' equity.............        (3,103)        26,266
                                                  -----------    -----------
        Total liabilities and stockholders'       $    13,310    $    43,907
          equity...............................   ===========    ===========



             See accompanying notes to the financial statements.


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                            REALITY INTERACTIVE, INC.
                             STATEMENT OF OPERATIONS
                                   (UNAUDITED)



                                  Three months ended      Nine months ended
                                     September 30,          September 30,
                                -----------------------  ---------------------
                                   2000         1999       2000        1999
                                ----------  -----------  ----------  ----------

Product revenues..............   $       0  $   21,914   $        0  $  112,033
Service revenues..............           0       6,121            0     142,166
                                  --------  ----------   ----------  ----------

      Total revenues..........           0      28,035            0     254,199
                                  --------  ----------    ---------  ----------
Cost of product revenues......           0       3,065            0      21,750
Cost of service revenues......           0           0            0     108,024
                                  --------  ----------    ---------  ----------
      Total cost of revenues..           0       3,065            0     129,774
                                  --------  ----------    ---------  ----------

Gross profit..................           0      24,970            0     124,425
                                  --------  ----------    ---------  ----------

Operating expenses:
    Sales and marketing.......           0           0            0      99,284
    Research and development..           0           0            0     103,456
    General and administrative      10,691     131,470       42,991     539,625
                                  --------  ----------    ---------  ----------

      Total operating expenses      10,691     131,470       42,991     742,365
                                  --------  ----------    ---------  ----------

Operating loss................     (10,691)   (106,500)     (42,991)   (617,940)
    Gain on sale of domain
       name...................           0           0       13,105           0
    Gain on sale of
      intellectual property...           0      85,000            0      85,000
    Interest income...........         141       1,250          517       6,369
                                ----------  ----------    ---------  -----------
        Net loss..............  $  (10,550) $  (20,250)   $ (29,369) $ (526,571)
Basic and diluted earnings
 (loss) per share............   $    (0.00) $    (0.00)   $   (0.01) $    (0.11)
                                ==========  ==========    =========  ==========

Weighted average common shares
  outstanding.................   4,677,407   4,677,407    4,677,407   4,677,407
                                ==========  ==========   ==========  ==========



             See accompanying notes to the financial statements.


                                       4

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                            REALITY INTERACTIVE, INC.
                             STATEMENT OF CASH FLOWS
                                   (UNAUDITED)


                                                      Nine months ended
                                                         September 30,
                                                ---------------------------
                                                      2000         1999
                                                -------------  ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss.................................   $    (29,369)  $  (526,571)
    Reconciliation of net loss to net cash
     used by operating activities:
        Depreciation and amortization........              0        30,000
    Changes in assets and liabilities:
        Accounts receivable..................              0       227,327
        Prepaid expenses and other assets....          2,026        44,865
        Accounts payable.....................         (1,228)      (22,224)
        Accrued liabilities..................              0       (23,985)
        Deferred revenue.....................              0       (49,495)
        Other current liabilities............              0        (1,572)
                                                ------------   -----------
            Net cash used by operating
               activities....................        (28,571)     (321,655)
                                                ------------   -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sale of fixed assets.......              0        28,814
    Cash restricted for operating leases.....              0       111,000
                                                ------------   -----------
            Net cash provided (used) by
               investing activities..........              0       139,814
                                                ------------   -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
    Proceeds from bridge notes payable.......              0        86,335
    Forgiveness of bridge notes payable......              0       (86,335)
                                                ------------   -----------
            Net cash provided (used) by
               financing activities..........              0             0
                                                ------------   -----------
Net cash provided (used) during period.......        (28,571)     (181,841)

CASH AND CASH EQUIVALENTS:
    Beginning of period......................         40,986       291,697
                                                ------------   -----------

    End of period............................   $     12,415       109,856
                                                ============   ===========



             See accompanying notes to the financial statements.




                                       5


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                            REALITY INTERACTIVE, INC.
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2000
                                   (UNAUDITED)


NOTE 1.  SUMMARY OF ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Organization and Business

     Reality  Interactive,  Inc. (the  "Company") was  incorporated on May 24,
1994 for the purpose of developing  technology-based  knowledge  solutions for
the corporate marketplace.

     On April 30, 1999, the Company ceased business operations and terminated
all remaining employees. This action was necessary in light of the Company's
liquidity needs and lack of revenue opportunities.

     Since the Company ceased its business operations, it has sold a majority of
its physical assets and intellectual property. Currently, the Company is
exploring potential uses of its public shell. While the Company pursues such
opportunities, it intends to comply with all future SEC reporting requirements
in order to maintain its status as a public company.


Basis of Presentation

     The accompanying unaudited financial statements of the Company have been
prepared in accordance with generally accepted accounting principles for interim
financial information. The preparation of financial statements in accordance
with generally accepted accounting principles require management to make
estimates and assumptions. Such estimates and assumptions affect the reported
amounts of assets and liabilities, including the disclosure of contingent assets
and liabilities at the date of the accompanying interim financial statements,
and the reported amounts of revenue and expenses during the reporting period. In
the opinion of management, the interim financial statements include all
adjustments necessary for a fair presentation of the results of operations for
the interim periods presented.

     Operating results for the three and nine months ended September 30, 2000
are not necessarily indicative of the operating results to be expected for the
year ending December 31, 2000.

     Certain information and footnote disclosures normally included in financial
statements in accordance with generally accepted accounting principles have been
omitted. The statements should be read in conjunction with the Company's Annual
Report on Form 10-KSB for the year ended December 31, 1999.




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ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF
         FINANCIAL CONDITION AND RESULTS OF OPERATION

     The following presentation of management's discussion and analysis of the
Company's financial condition and results of operation should be read in
conjunction with the Company's financial statements and notes contained herein
for the three and nine months ended September 30, 2000 and 1999.

RESULTS OF OPERATIONS

     REVENUES. Revenues were $0 for the third quarter of 2000 compared to
$28,035 for the third quarter of 1999. For the nine-month period ended September
30, 2000, revenues were $0 compared to $254,199 for the comparable period of
1999. This decrease was due to the Company's decision to cease its business
operations effective April 30, 1999.

     COST OF REVENUES. Cost of revenues were $0 for the third quarter of 2000
compared to $3,065 for the third quarter of 1999. For the nine-month period
ended September 30, 2000, cost of revenues were $0 compared to $129,774 for the
comparable period of 1999. This decrease was due to the Company's decision to
cease its business operations effective April 30, 1999.

     OPERATING EXPENSES. Operating expenses were $10,691 for the third quarter
of 2000 compared to $131,470 for the third quarter of 1999. For the nine-month
period ended September 30, 2000, operating expenses were $42,991 compared to
$742,365 for the comparable period of 1999. Expenses incurred during the three
and nine months ended September 30, 2000 were entirely for general and
administrative purposes, including rent for a small office, professional fees
and miscellaneous office expenses.

     The Company expects that it will continue to incur general and
administrative expenses for the remainder of 2000 as it continues to maintain a
small administrative office, pursues opportunities for its public shell and
maintains its status as a fully reporting company with the Securities and
Exchange Commission.

     GAIN ON SALE OF DOMAIN NAME. During the second quarter of 2000, the Company
received a final payment of $7,130 in connection with the sale of one of its
Internet domain names. Including the initial payment of $5,975 received during
the first quarter of 2000, the Company has received total proceeds of $13,105.

     INTEREST INCOME. Interest income was $141 for the third quarter of 2000
compared to interest income of $1,250 for the third quarter of 1999. For the
nine-month period ended September 30, 2000, interest income was $517, compared
to interest income of $6,369 for the same period of 1999. The decrease between
periods is attributed to declining cash reserves.

     NET LOSS. Net loss was $10,550 for the third quarter of 2000 compared to a
net loss of $20,250 for the third quarter of 1999. For the nine-month period
ended September 30, 2000, net loss was $29,369 compared to a net loss of
$526,571 for the same period of 1999. Since the Company has ceased business
operations, it does not expect to incur additional substantial losses in 2000,
except for expenses relating to the operation of a small office, pursuing
opportunities for its public shell and SEC public filing requirements.



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LIQUIDITY AND CAPITAL RESOURCES

     The Company's cash and cash equivalents were $12,415 as of September 30,
2000, compared to $40,986 as of December 31, 1999. This decrease in cash and
cash equivalents was due primarily to the net loss from operations for the
nine-months ended September 30, 2000.

     The Company expects that its current cash balance will allow it to meet
its operating expenditures through December 31, 2000.



                           PART II - OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits

EXHIBIT NO.   DESCRIPTION


     27.1     Financial Data Schedules

     99.1     Cautionary Statement




         (b)  Reports on Form 8-K

              No reports on Form 8-K were filed during the
                 quarter ended September 30, 2000




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                                   SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                          REALITY INTERACTIVE, INC.


Dated: November 14, 2000                         By    /s/ Paul J. Wendorff
                                                    ---------------------------
                                                          Paul J. Wendorff
                                                    Its Chief Executive Officer









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                                  EXHIBIT INDEX

Exhibit
  No.    Description
------   ------------------------------------------------------------


  99.1   Cautionary Statement

















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