SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  X.QUARTERLY REPORT UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended December 31, 2010  .TRANSITION REPORT UNDER SECTION 13 OR 15 ( d ) OF THE EXCHANGE ACT  For the transition period from ____________ to____________  Commission File No. 0-16056  TRUDY CORPORATION (Exact name of Registrant as specified in its charter)  Wyoming06-1007765(State or Other Jurisdiction of(I.R.S. Employer Identification No.)incorporation or organization)  1810 E. Sahara Ave, Suite 1517 Las Vegas, NV 89104 (Address of Principal Executive Offices)  (702) 522-1914 (Registrants telephone number, including area code)  N/A (Former name, former address and former fiscal year, if changed since last report)  Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the Exchange Act) during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X. No .  Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  (Check one):  Large accelerated filer.Accelerated filer.Non-accelerated filer. (Do not check if a smaller reporting company)Smaller reporting companyX.  Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes . No X.  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS  Indicate by check mark whether the Registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities and Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  Not applicable.  APPLICABLE ONLY TO CORPORATE ISSUERS  Indicate the number of shares outstanding of each of the Registrants classes of common stock, as of the latest practicable date:  February 18, 2011 Common Stock, $.00001 par value: 1,650,862,912 shares     PART I   Item 1.  Financial Statements  The Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.


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|INDEX                                                                                                                                                                                                              | PAGE
NUMBER
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|PART I.  FINANCIAL INFORMATION                                                                                                                                                                                     |            
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|Item 1. Financial Statements                                                                                                                                                                                       |            
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|Unaudited Balance Sheets  December 31, 2010 and March 31, 2010                                                                                                                                                    | 3          
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|Unaudited Statements of Operations for the three and nine months ended December 31, 2010 and December 31, 2009 and the period from entering the development stage (September 4, 2010) through December 31, 2010    | 4          
|                                                                                                                                                                                                                   |            
|Unaudited Consolidated Statements of Cash Flows for the nine months ended December 31, 2010 and December 31, 2009 and the period from entering the development stage (September 4, 2010) through December 31, 2010 | 5          
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|Notes to Financial Statements (unaudited)                                                                                                                                                                          | 6          
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|Item 2. Management's Discussion and Analysis                                                                                                                                                                       | 12         
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|Item 3. Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                 | 14         
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|Item 4. Controls and Procedures                                                                                                                                                                                    | 14         
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|PART II.  OTHER INFORMATION                                                                                                                                                                                        |            
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|Item 1. Legal Proceedings                                                                                                                                                                                          | 15         
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|Item 2. Changes in Securities                                                                                                                                                                                      | 15         
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|Item 3. Defaults upon Senior Securities                                                                                                                                                                            | 15         
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|Item 4. Removed and Reserved                                                                                                                                                                                       | 15         
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|Item 5. Other Information                                                                                                                                                                                          | 15         
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|Item 6. Exhibits                                                                                                                                                                                                   | 15         
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|Signatures                                                                                                                                                                                                         | 16         

2   TRUDY CORPORATION (An Development Stage Company) Balance Sheets  ASSETSDecember 31,March 31,20102010CURRENT ASSETS(Unaudited)Cash$579$-Net assets of discontinued operations-2,650,164Total Current Assets5792,650,164PROPERTY AND EQUIPMENT, net162,937-OTHER ASSETSNet assets of discontinued operations-1,095,883Total Other Assets-1,095,883TOTAL ASSETS$163,516$3,746,047LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable and accrued expenses  related party$54,978$-Accrued salaries37,808Notes payable8,399-Related party note payable165,000-Net liabilities of discontinued operations-6,066,817Total Current Liabilities266,1856,066,817Total Liabilities266,1856,066,817STOCKHOLDERS' EQUITY (DEFICIT)Series B Preferred Stock, $0.00001 par value, 10,000,000shares authorized, -0- and -0-shares issued and outstanding, respectively--Common stock, $0.00001 par value, 29,800,000,000shares authorized, 1,500,862,912 and 700,862,912shares issued and outstanding, respectively15,00970,087Additional paid-in capital10,695,5047,246,419Stock subscription payable295,000-Accumulated deficit(10,470,207)(9,637,276)Deficit accumulated during the development stage(637,975)-Total Stockholders' Equity (Deficit)(102,669)(2,320,770)TOTAL LIABILITIES ANDSTOCKHOLDERS' EQUITY (DEFICIT)$163,516$3,746,047   3   TRUDY CORPORATION (An Development Stage Company) Statements of Operations (Unaudited)  SinceRe-entering
theDevelopmentStage onSeptember 4,
2010For the Three Months EndedFor the Nine Months EndedThroughDecember 31,December 31,December 31,20102009201020092010REVENUE$-$-$-$-$-COST OF SALES-----GROSS PROFIT-----OPERATING EXPENSESProfessional fees347,147-352,547-352,547Salaries and wages277,808-277,808-277,808General and administrative expenses4,392-4,392-4,392Total Operating Expenses629,347-634,747-634,747LOSS FROM OPERATIONS(629,347)-(634,747)-(634,747)OTHER EXPENSESInterest expense(2,623)-(3,228)-(3,228)Total Other Expenses(2,623)-(3,228)-(3,228)LOSS BEFORE DISCONTINUED OPERATIONS(631,970)-(637,975)-(637,975)Loss from discontinued operations-(75,549)(832,931)(637,891)-LOSS BEFORE INCOME TAXES(631,970)(75,549)(1,470,906)(637,891)(637,975)PROVISION FOR INCOME TAXES-----NET LOSS$(631,970)$(75,549)$(1,470,906)$(637,891)$(637,975)BASIC AND DILUTED LOSS PER SHARE$(0.00)$(0.00)$(0.00)$(0.00)WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED1,231,297,695700,862,912878,317,457700,862,912  4   TRUDY CORPORATION (An Development Stage Company) Statements of Stockholders' Deficit


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|---------------------------------------------------------------- | ------------------------ | ------------ | ----------- | ------------- | ------- | ------- | ---------- | ---------- | ----- | ------- | - | ------------ | ----------- | --------- | - | -----------
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              | Deficit     |           |  
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              | Accumulated |           |  
|                                                                 | Series B
Preferred Stock | Common Stock | Additional  | Stock         |         |         | During the |            |      
|                                                                 | Paid-in                  | Subscription | Accumulated | Development   |         |        
|                                                                 | Shares                   | Amount       | Shares      | Amount        | Capital | Payable | Deficit    | Stage      | Total
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Balance, March 31, 2009                                          | -                        | $            | -           | 700,862,912   | $       | 7,009   | $          | 7,203828   | $     | -       | $ | (8,543,908)  | $           | -         | $ | (1,333,071)
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Interest imputed on shareholder loan                             | -                        |              | -           | -             |         | -       |            | 105,669    |       | -       |   | -            |             | -         |   | 105,669    
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Net loss for the year ended March 31, 2010                       | -                        |              | -           | -             |         | -       |            | -          |       | -       |   | (1,093,368)  |             | -         |   | (1,093,368)
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Balance, March 31, 2010                                          | -                        |              | -           | 700,862,912   |         | 7,009   |            | 7,309,497  |       | -       |   | (9,637,276)  |             | -         |   | (2,320,770)
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Contributed capital (unaudited)                                  | -                        |              | -           | -             |         | -       |            | 3,154,007  |       | -       |   | -            |             | -         |   | 3,154,007  
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Series B preferred stock issued for services (unaudited)         | -                        |              | -           | -             |         | -       |            | -          |       | 250,000 |   | -            |             | -         |   | 250,000    
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Common stock issued for services (unaudited)                     | -                        |              | -           | 800,000,000   |         | 8,000   |            | 232,000    |       | 45,000  |   | -            |             | -         |   | 285,000    
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Net loss for the nine months ended December 31, 2010 (unaudited) | -                        |              | -           | -             |         | -       |            | -          |       | -       |   | (832,931)    |             | (637,975) |   | (1,470,906)
|                                                                 |                          |              |             |               |         |         |            |            |       |         |   |              |             |           |   |            
|Balance, December 31, 2010 (unaudited)                           | -                        | $            | -           | 1,500,862,912 | $       | 15,009  | $          | 10,695,504 | $     | 295,000 | $ | (10,470,207) | $           | (637,975) | $ | (102,669)  

5   TRUDY CORPORATION (An Development Stage Company) Statements of Cash Flows (Unaudited)  SinceRe-entering
theDevelopmentStage onSeptember 4,
2010For the Nine Months EndedThroughDecember 31,December 31,201020092010CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(1,470,906)$(637,891)$(637,975)Adjustments to reconcile net loss to netused by operating activities:Discontinued operations832,931--Preferred stock issued for services250,000-250,000Common stock issued for services285,000-285,000Depreciation2,063-2,063Changes in operating assets and liabilitiesAccounts payable and accrued expenses  related party93,092-93,092Net cash used in continuing operating activities(7,820)(637,891)(7,820)Net cash used in discontinued operating activities(292,495)89,487-Net Cash Used in Operating Activities(300,315)(548,404)(7,820)CASH FLOWS FROM INVESTING ACTIVITIES:Discontinued investing activities(66,461)(82,997)-Net Cash Used in Investing Activities(66,461)(82,997)-CASH FLOWS FROM FINANCING ACTIVITIES:Repayment of notes payable(30,000)-(30,000)Net cash used in continuing financing activities(30,000)-(30,000)Net cash provided by discontinued financing activities302,401682,327-Net Cash Provided by Financing Activities272,401682,327(30,000)NET INCREASE (DECREASE) IN CASH(94,375)50,926(37,820)CASH AT BEGINNING OF PERIOD94,954122,73938,399CASH AT END OF PERIOD$579$173,665$579SUPPLEMENTAL DISCLOSURES OFCASH FLOW INFORMATION:CASH PAID FOR:Interest$-$79,111$-Income Taxes---NON-CASH FINANCING ACTIVITIES:Purchase of fixed assets with convertible note payable$165,000$-$-Disposal transaction6,324,099--  6   TRUDY CORPORATION Notes to the Financial Statements December 31, 2010 and March 31, 2010   NOTE 1  CONDENSED FINANCIAL STATEMENTS  The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at December 31, 2010, and for all periods presented herein, have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's March 31, 2010 audited financial statements.  The results of operations for the periods ended December 31, 2010 and 2009 are not necessarily indicative of the operating results for the full years.  NOTE 2 - GOING CONCERN  The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.  The Company has had no revenues, generated a net loss from continuing operations of $637,975 during the nine months ended December 31, 2010 and has generated an accumulated deficit during since reentering the development stage of approximately $637,975 as of December 31, 2010.  In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.  The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.  NOTE 3  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Use of Estimates  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.  Reclassification of Financial Statement Accounts  Certain amounts in the December 31, 2009 financial statements have been reclassified to conform to the presentation in the December 31, 2010 financial statements.  Development Stage  As of September 4, 2010, Trudy is a development stage company with no current operating results and, accordingly, there is no basis on which to evaluate our ability to achieve our business objective. There is an extremely limited basis upon which to evaluate our ability to achieve our business objective of pursuing contracts for engineering projects to design, build and own projects for re-development in war torn areas as well as re-construction in areas hit by natural disasters. Trudy will not generate any significant revenues or income until, at the earliest, after the consummation of a business combination or transaction.  7   TRUDY CORPORATION Notes to the Financial Statements December 31, 2010 and March 31, 2010   NOTE 3  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recent Accounting Pronouncements  Management has considered all recent accounting pronouncements issued since the last audit of the Companys financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys financial statements.  NOTE 4  DISCONTINUED OPERATIONS  On September 4, 2010 the Company closed on its previously-announced transaction and sold substantially all of its assets to MMAC, LLC, a Delaware limited liability company (MMAC), which also assumed certain liabilities of Trudy.  The assets sold consisted of Trudys on-going business as a publisher of childrens educational story, novelty and electronic books, audiobooks and plush toys.  The consideration paid by MMAC for the Companys assets consisted of the following: (1) the assumption of substantially all of the secured and unsecured liabilities of the Company, including loans from an affiliate of MMAC to the Company in the principal amount of $545,000 and with the exception of $2.7 million of personal debt owed to a principal shareholder and Chairman of the Company, William W. Burnham (Burnham); and (2) upon the completion of the final calculation of the net asset value of the Company (estimated to be completed approximately 90-120 days from the closing) an equity interest in MMAC, estimated to be in the range of 4.75%, subject, however, to possible adjustment upon the final determination of such net asset value. In view of the initial determination at closing of the Companys net asset value, the previously announced Buyer Note from MMAC to Trudy in the principal amount of $225,000 was not issued.  The amount of such consideration was determined by the Company and MMAC in arms length negotiations. Factors taken into consideration in the negotiations included the Companys then current financial condition and future prospects, the Companys results of operations, the value of the Companys assets and the Companys banking and shareholder obligations, together with those of the Companys other creditors, both secured and unsecured.  Upon determination of the final percentage equity interest as described above, MMAC will transfer such equity to the Company which will then transfer it to Burnham in consideration of the cancellation by Burnham of the $2.7 million of personal debt owed by the Company to him. Excepted from cancellation is $50,000 of debt owed to Burnham which will remain outstanding and which will be repaid to Burnham one year following the closing if and to the extent the Company has not spent the $50,000 of cash it will retain at the closing for general corporate purposes. The final percentage equity interest is still to be determined.  At the closing, as required by agreement of the parties, Burnham made a capital contribution to MMAC of cash in the amount of $175,000 and a $25,000 promissory note. Adjustment upward or downward of such $200,000 in the aggregate may be made upon final determination of the net asset value of the Company.  The Company has accrued for all obligations related to the agreement with MMAC, LLC and William W. Burnham as of December 31, 2010 and September 4, 2010. This balance was $8,399 and $38,399 owed to William W. Burnham, respectively.  Holders of Trudys common stock did not receive any payment or distribution with respect to their shares pursuant to the sale of substantially all the Companys assets.  In addition, MMAC entered into a new four year lease with Noreast Management, LLC, a company which is 91% owned by Burnham, for the Companys current headquarters on substantially the same terms as the current lease with the Company.  Please refer to the Form 8-K filed with the SEC on September 16, 2010.  NOTE 4  DISCONTINUED OPERATIONS (CONTINUED)  Ashley Andersen Zantop (Andersen Zantop), former CEO and President of the Company, Fell Herdeg (Herdeg), former CFO and Secretary of the Company, and Burnham, former Chairman and Director of Corporate Development of the Company, have been retained as employees by MMAC on substantially the same terms as their current employment with the Company. Andersen Zantop will serve as President and CEO of MMAC, Herdeg will serve as CFO of MMAC and Burnham will serve as Director of Corporate Development of MMAC. In addition, Burnham and Andersen Zantop will join the Board of Directors of MMAC.  8   TRUDY CORPORATION Notes to the Financial Statements December 31, 2010 and March 31, 2010   On September 4, 2010 a group of Trudy shareholders including three Directors and one other employee of the Company sold a controlling interest of Trudy for $1.00 to an individual in a private transaction who appointed new management and elected a new Board of Directors. Recognizing this transaction the Companys Board of Directors and senior management resigned effective September 4, 2010.  Assets Held for Sale  Since substantially all of the Company was sold prior to the quarter ended December 31, 2010, the assets, liabilities and results of operations have been shown separately as discontinued operations on the accompanying balance sheets and statements of operations. Assets and liabilities of discontinued operations consisted of the following:  December 31,March 31,20102010ASSETSCurrent assets held for saleCash and cash equivalents$-$94,954Accounts receivable, net-994,945Inventory, net-1,390,503Prepaid expenses and other current assets-169,762Total current assets-2,650,164Long term assets held for saleEquipment, net-68,161Royalty advances, net-247,436Prepublication and other assets, net-452,700Prepaid acquisitions-327,586Total other assets-1,095,883TOTAL ASSETS$-$3,746,047LIABILITIESCurrent liabilities associated with assets held for saleNotes payable  Bank$-$710,706Notes payable  Third party-429,251Notes payable  Related parties-2,680,701Accounts Payable  related parties-93,553Accounts Payable and accrued expenses-1,504,240Deferred Revenue-224,355Royalties and commissions payable-424,011Total current liabilities-6,066,817TOTAL LIABILITIES$-$6,066,817  NOTE 4  DISCONTINUED OPERATIONS (CONTINUED)  Assets Held for Sale (continued)  No gain was recorded on the disposal transaction due to the excess debt relief compared to the carrying value of the disposed assets on the sales transaction being from a related party. The value of the net assets sold on September 4, 2010 was $2,895,258. The liabilities disposed of in the transaction were $3,455,623. The difference of $3,122,884 was recorded to additional paid in capital due to the primary debt relief in the transaction being debt owed to a related party.  9   TRUDY CORPORATION Notes to the Financial Statements December 31, 2010 and March 31, 2010   a.   Inventories  December 31,March 31,20102010Raw Materials$-$32,462Finished Goods-1,636,004Reserve for Obsolescence-277,963Inventory$-$1,390,503  b. Notes Payable, Bank and Related Parties  December 31,March 31,20102010Revolving line of credit (1)$-$710,706Related party notes payable (2)-2,680,701Third party notes payable (3)-429,251Total Liabilities$-$3,820,658  (1) A revolving line of credit totaling $850,000. Interest is payable monthly equal to the Wall Street Journal reported prime rate plus 2.0% with interest rate not to be less than 7.5%. Borrowings are subject to a borrowing base equal to 80% of eligible accounts receivable. The note is also secured by all of the assets of the Company, a mortgage on the Companys premises and a personal guarantee of a principal shareholder (William W. Burnham, Chairman of the Board).  (2) Various notes payable, to principal shareholder (William W. Burnham, Chairman of the Board) due on demand. Interest is payable monthly at LIBOR + 1.25%.  (3) Notes payable, third party, due upon termination of the Asset Purchase Agreement. Interest accrues monthly at 7.0% on any unpaid principal and accrued interest.  Continuing Operations  a. Notes Payable  December 31,March 31,201020106% Note payable (1)$165,000$-Non-interest bearing note payable (2)8,399-Total Notes Payable$173,399$-  (1) See Note 6  (2) $50,000 of debt owed to Burnham due one year following the closing if and to the extent the Company has not spent the $50,000 of cash for general corporate purposes. The note bears no interest and is unsecured.  b. Equipment  The Company owns $165,000 in scaffolding equipment that will be used on the outside of buildings under construction to support the workers on the build.  The expected useful life of the equipment is 20 years and the equipment will be placed in service on October 1, 2010.  The equipment will be rented out to projects on a monthly or daily rental basis.  NOTE 5  SIGNIFICANT AGREEMENTS  On October 1, 2010 the Company entered into a consulting agreement with an unrelated party.  In exchange for consulting services, the Company agreed pay the following consideration:  10   TRUDY CORPORATION Notes to the Financial Statements December 31, 2010 and March 31, 2010   a) 100,000 Series B Preferred Stock (see Note 7) b) 150,000,000 Common Shares (see Note 8) c) $5,000 per month payable from and only after the first tranche of money is received from an equity offering d) Additional contingent fees based on services to be performed and capital to be raised  The agreement will remain in force until a private placement is completed or is terminated by either party upon 30 days notice.  On November 1, 2010 the Company entered into two management agreements with its two executives.  The agreements entitled the executives to a combined total of 800,000,000 shares of common stock as a signing bonus.  The Company valued the shares as described in Note 8.  The Company also agreed to pay the executives total compensation of $230,000 to be earned over the one year agreement.  As of December 31, 2010 the Company has recorded $37,808 in management fees and has recorded $37,808 in accrued salaries.  NOTE 6  RELATED PARTY NOTES PAYABLE  On September 4, 2010 the Company entered into an agreement with a related party to purchase $165,000 of scaffolding equipment.  As consideration for the purchase the Company signed a note agreement which is due on March 3, 2011, bears interest at 6% and is secured by the assets purchased.  Upon default, the stated interest rate increases to 12% and becomes convertible into common stock at par.  Due to the fact that the note is not convertible until it is in default, no beneficial conversion feature has been recorded.  When and if the note becomes convertible, the Company will analyze the imbedded conversion feature in accordance with ASC 470 to determine whether a beneficial conversion feature exists.  As of December 31, 2010 the Company has recorded $3,228 in interest expense and accrued interest payable.  NOTE 7  PREFERRED STOCK  The Company is authorized to issue 200,000,000 shares of par value $0.00001 preferred stock consisting of 1,000,000 Series A Preferred, 10,000,000 shares of Series B Preferred, 10,000,000 Series C Preferred, 30,000,000 Series D Preferred, and the remaining 149,000,000 in yet to be determined series of preferred stock.  On October 1, 2010 the Company entered into a consulting agreement wherein the Company agreed to issue 100,000 Series B Preferred stock valued at $2.50 per share based on the fair value of the services received.  The Company recorded a corresponding expense of $250,000 as professional fees.  As of December 31, 2010 the Company has not issued this stock and it has been recorded as a stock subscription payable. The Company anticipates issuing this stock in the subsequent quarter.  NOTE 8  COMMON STOCK  On October 1, 2010 the Company entered into a consulting agreement wherein the Company agreed to issue 150,000,000 shares of common stock value at $0.0003 per share based on the quoted market price on the date of issuance.  Due to the fact that the agreement is cancellable by either party upon 30 days notice and the shares are fully vested at issuance, the Company recorded a corresponding expense of $45,000 as professional fees. As of December 31, 2010 the Company has not issued this stock and it has been recorded as a stock subscription payable. The Company anticipates issuing this stock in the subsequent quarter.  On November 1, 2010 the Company issued 800,000,000 shares of common stock to two Company executives for services valued at $0.0003 per share based on the quoted market price of the stock on the date of issuance.  The Company recorded a corresponding expense of $240,000 as salaries and wages.  NOTE 9  SUBSEQUENT EVENTS  On January 18, 2011 The Company acquired 100% of the outstanding shares of Alberta Scaffolding (Alberta) for 100,000 shares of the Companys Preferred Class D stock and 150,000,000 shares of the Companys common stock.  As of the closing date the officers and directors of Alberta resigned with new officers and directors to be appointed by the Company.  In accordance with ASC 855, management evaluated subsequent events through the date these financial statements were issued and the Company had no additional material subsequent events to report.     11     ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF DISCONTINUED OPERATIONS  NET SALES FROM DISCONTINUED OPERATIONS  Overview  Three months ended December 31, 2010 compared to the three months ended December 31, 2009  During the three months ended December 31, 2010 the company had no revenue from continuing operations.  The Company had $629,347 in operating expenses from continuing operations compared to $0 in 2009.  This increase is due to the fact that the company sold its operations effective September 4, 2010 and re-entered the development stage.  The $629,347 in operating expenses consists of $347,147 in professional fees, $277,808 in salaries and wages, and $4,392 in general and administrative expenses.  The Company also had $2,623 in interest expense.  As a result of the above the Company recorded a net loss from continuing operations of $631,970 for the three months ended December 31, 2010 as compared to $0 for the three month period ended December 31, 2009.  Our net loss from discontinued operations for the three months ended December 31, 2010 was $0 resulting in a net loss of $631,970.  Nine months ended December 31, 2010 compared to the nine months ended December 31, 2009  During the nine months ended December 31, 2010 the company had no revenue from continuing operations.  The Company had $634,747 in operating expenses from continuing operations compared to $0 in 2009.  This increase is due to the fact that the company sold its operations effective September 4, 2010 and re-entered the development stage.  The $634,747 in operating expenses consists of $652,547 in professional fees, $277,808 in salaries and wages, and $4,392 in general and administrative expenses.  The Company also had $3,228 in interest expense.  As a result of the above the Company recorded a net loss from continuing operations of $637,975 for the three months ended December 31, 2010 as compared to $0 for the three month period ended December 31, 2009.  Our net loss from discontinued operations for the nine months ended December 31, 2010 was $832,931 resulting in a net loss of $1,470,906.   Critical Accounting Estimates  Management has considered all recent accounting pronouncements issued since the last audit of the Companys financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys financial statements.  Liquidity and Capital Resources for Discontinued Operations  As of December 31, 2010, we had total current assets of $579, consisting entirely of cash.  Our total current liabilities as of December 31, 2010 were $266,185, consisting of $54,978 in Accounts Payable and Accrued Expenses-Related Party, $37,808 in accrued salaries, $8,399 in Notes Payable and $165,000 in Related Party Notes Payable.  Thus, we have a working capital deficit of $265,606 as of December 31, 2010.  We used $7,820 of cash from continuing operating activities during the nine months ended December 31, 2010 compared to $0 during the nine months ended December 31, 2009.  Since re-entering the development stage on September 4, 2010, we have used $7,820 in cash from operating activities.  We used $0 of cash from continuing investing activities during the nine months ended December 31, 2010 compared to $0 during the nine months ended December 31, 2009.  Since re-entering the development stage on September 4, 2010, we have used $0 in cash from investing activities.  We used $30,000 of cash from continuing financing activities during the nine months ended December 31, 2010 compared to $0 during the nine months ended December 31, 2009.  Since re-entering the development stage on September 4, 2010, we have used $30,000 in cash from financing activities.  Net cash used in discontinued operations was ($56,555) and $50,926 for the nine months ended December 31, 2010 and 2009, respectively.  12     Going Concern  The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.  The Company has had no revenues, generated a net loss from continuing operations of $637,975 during the nine months ended December 31, 2010 and has generated an accumulated deficit during since reentering the development stage of approximately $637,975 as of December 31, 2010.  In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.  The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.  Off Balance Sheet Arrangements  As of December 31, 2010, there were no off balance sheet arrangements.  Discontinued Operations  The Companys childrens publishing operations, sold as of September 4, 2010, suffered recurring losses from operations and had a deficiency in net assets.  On September 4, 2010 the Company closed on its previously-announced transaction and sold substantially all of its assets to MMAC, LLC, a Delaware limited liability company (MMAC), which also assumed certain liabilities of Trudy.  The assets sold consisted of Trudys on-going business as a publisher of childrens educational story and novelty books, audiobooks and plush toys.  The consideration being paid by MMAC for the Companys assets consists of the following: (1) the assumption of substantially all of the secured and unsecured liabilities of the Company, including loans from an affiliate of MMAC to the Company in the principal amount of $545,000 and with the exception of $2.7 million of personal debt owed to a principal shareholder and Chairman of the Company, William W. Burnham (Burnham); and (2) upon the completion of the final calculation of the net asset value of the Company (estimated to be completed approximately 90-120 days from the closing) an equity interest in MMAC, estimated to be in the range of 4.75%, subject, however, to possible adjustment upon the final determination of such net asset value. In view of the initial determination at closing of the Companys net asset value, the previously announced Buyer Note from MMAC to Trudy in the principal amount of $225,000 was not issued.  The amount of such consideration was determined by the Company and MMAC in arms length negotiations. Factors taken into consideration in the negotiations included the Companys then current financial condition and future prospects, the Companys results of operations, the value of the Companys assets and the Companys banking and shareholder obligations, together with those of the Companys other creditors, both secured and unsecured.   Upon determination of the final percentage equity interest as described above, MMAC will transfer such equity to the Company which will simultaneously transfer it to Burnham in consideration of the cancellation by Burnham of the $2.7 million of personal debt owed by the Company to him. Excepted from cancellation is $50,000 of debt owed to Burnham which will remain outstanding and which will be repaid to Burnham one year following the closing if and to the extent the Company has not spent the $50,000 of cash it will retain at the closing for general corporate purposes. The $38,399 note is the balance remaining and due to Burnham.  At the closing, as required by agreement of the parties, Burnham made a capital contribution to MMAC of cash in the amount of $175,000 and a $25,000 promissory note. Adjustment upward or downward of such $200,000 in the aggregate may be made upon final determination of the net asset value of the Company as of August 26, 2010.  Holders of Trudys common stock did not receive any payment or distribution with respect to their shares pursuant to the sale of substantially all the Companys assets.  13     In addition, MMAC entered into a new four year lease with Noreast Management, LLC, a company which is 91% owned by Burnham, for the Companys current headquarters on substantially the same terms as the current lease with the Company.  Ashley Andersen Zantop (Andersen Zantop), former CEO and President of the Company, Fell Herdeg (Herdeg), former CFO and Secretary of the Company, and Burnham, former Chairman and Director of Corporate Development of the Company, have been retained as employees by MMAC on substantially the same terms as their current employment with the Company. Andersen Zantop will serve as President and CEO of MMAC, Herdeg will serve as CFO of MMAC and Burnham will serve as Director of Corporate Development of MMAC. In addition, Burnham and Andersen Zantop will join the Board of Directors of MMAC.  Please refer to the Form 8-K filed with the SEC on September 16, 2010.  On September 4, 2010 a group of Trudy shareholders including three Directors and one other employee of the Company sold a controlling interest of Trudy in a private transaction for total consideration of $1.00 to an individual who appointed new management and elected a new Board of Directors. Recognizing this transaction the Companys Board of Directors and senior management resigned effective September 4, 2010.  Item 3.    Quantitative and Qualitative Disclosures about Market Risk  Not applicable.  Item 4.    Controls and Procedures  There was no change in our internal control over financial reporting during the quarter ended December 31, 2010, that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.  The Companys Chief Executive Officer and the Chief Financial Officer conducted an evaluation of the Companys critical disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) as of March 31, 2010. Management updated that evaluation as of December 31, 2010 and identified the following weaknesses:  (i) The Company does not have adequate office and financial staffing in place to effectively control the level of transaction activity and consistently address the complex accounting matters that arise.  (ii) A principal shareholder and Director of the Company who is involved in certain functions of the daily operations of the Company, could in theory override normal operating procedures.  (iii) The Company currently does not have an Audit Committee.   Given the above identified matters, Management believes that disclosure controls and procedures are not effective and these identified matters have been remedied as of December 31, 2010. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the registrant would be detected.  Forward-looking Statements  We have made forward-looking statements in this report that are subject to a number of risks and uncertainties, including without limitation, those described in our Annual Report on Form 10-K for the year ended March 31, 2010 and other risks and uncertainties indicated from time to time in our filings with the SEC.  These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include the information concerning possible or assumed future results of operations.  Also, when we use words such as "believes," "expects," "anticipates" or similar expressions, we are making forward-looking statements.  Readers should understand that the following important factors, in addition to those discussed in the referenced SEC filings, could affect our future financial results, and could cause actual results to differ materially from those expressed in our forward-looking statements:  * The implementation of our strategies; * The availability of additional capital; * Variations in stock prices and interest rates; * Fluctuations in quarterly operating results; and * Other risks and uncertainties described in our filings with the SEC.  14     We make no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that may bear upon forward-looking statements.  PART II OTHER INFORMATION  ITEM 1. Legal Proceedings  None.  ITEM 2. Changes in Securities  None.  ITEM 3.  Defaults upon Senior Securities  None.  ITEM 4.  Removed and Reserved  ITEM 5.  Other Information  None.    ITEM 6. Exhibits.


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|(a)  | Exhibits                                                                                                                                                                                                           
|3a.  | Certificate of Incorporation (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).                                                                             
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|3b.  | Certificate of Amendment of Certificate of Incorporation (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).                                                 
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|3c.  | By-laws of Company (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).                                                                                       
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|3d.  | Certificate of Incorporation of Norwest Manufacturing Company (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).                                            
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|3e.  | Certificate Amending Certificate of Incorporation of Norwest Manufacturing Company dated December 5, 1979 (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).
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|3f.  | Certificate Amending Certificate of Incorporation of Trudy Toys Company, Inc. dated March 27, 1984 (incorporated by reference to the Company's registration statement on Form S-18 (file number 33-14379B)).       
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|31.1 | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                
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|31.2 | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                
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|32.1 | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                 
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|32.2 | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                 

15     SIGNATURES  In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  TRUDY CORPORATION (REGISTRANT)  Date: February 22, 2011  By: /s/ Stan Larson Stan Larson, President  16