SECURITIES AND EXCHANGE COMMISSION

            WASHINGTON, D.C. 20549
                 FORM 10-QSB


  [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For
the quarterly period ended March 31, 2002

  [ ] TRANSITION  REPORT  PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
for the transition period from
______________ to _____________

    Commission File Number 33-15596-D


       Knickerbocker Capital Corporation
    (Exact Name of Registrant as specified
             in its Charter)
<TABLE>
<CAPTION>
          
                                     <c>
         Colorado                              54-1059107
(State or other Jurisdiction of          I.R.S. Employer Identi-
  Incorporation or Organization               fication No.)

83-888 Avenue 51, Coachella, California           92236
(Address of Principal Executive Offices)       (Zip Code)
</TABLE>
                       (760) 398-9700
  (Registrant's Telephone Number, including Area Code)


  Indicate by check mark whether the Registrant
(i) has filed all reports required to be filed by
Section 13, or 15(d) of the  Securities  Exchange
Act of 1934  during  the preceding  12 months  (of
for such  shorter  period  that the Registrant
was required to file such reports) and (ii) has
been subject to such filing requirements for the
past 90 days.

Yes   X            No

  Indicate  the  number of  shares  outstanding
of each of the  issuer's classes of Common Stock,
as of the latest practicable date.

Common Stock, $.001 par value       200,000
---------------------------------------------
Title of Class Number of Shares outstanding
  at March 31, 2002

No Exhibits included.


General

  The condensed consolidated financial statements
of Knickerbocker Capital Corporation included
herein, have been prepared without audit pursuant
to the rules and regulations of the Securities and
Exchange Commission. Although certain information
normally included in financial statements prepared
in accordance with generally accepted accounting
principles has been condensed or omitted,
Knickerbocker Capital Corporation's management
believes that the disclosures are adequate to make
the information presented not misleading. The
condensed financial statements for the three
months ended March 31, 2001 should be read in
conjunction with the financial statements and
notes thereto included in this report and
Knickerbocker Capital Corporation's annual report
on Form 10-KSB for the fiscal year ended December
31, 2001.

  The condensed financial statements included
herein reflect all normal recurring adjustments
that, in the opinion of management, are necessary
for a fair presentation. The result for the
interim period are not necessarily indicative of
trends or of results to be expected for a full
year.


  Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
RESULTS OF OPERATIONS AND FINANCIAL CONDITION

  The Company has not commenced operations and has
no working capital.
























                     KNICKERBOCKER CAPITAL CORPORATION
                               BALANCE SHEET
<TABLE>
<CAPTION>
                                 March 31   December 31,
                                   2002        2001

                                <c>         <c>
ASSETS:

Total Assets                   $    -0-    $    -0-
                                =======     =======
LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT):

Current Liabilities:             50,000      50,000
                                -------     -------
      Total Liabilities:       $ 50,000    $ 50,000
                                -------     -------
Stockholders' Equity (deficit):

Common Stock:
 500,000,000 shares authorized,
 $0.001 par value, 200,000
 shares issued and outstanding $261,374    $261,200

Preferred stock:
 50,000,000 Shares authorized,
 $0.01 par value, no shares
 issued and outstanding
              -           -
Additional Paid-In Capital       90,845      90,845

Accumulated (Deficit)          (402,219)   (402,845)
                               --------    --------
Total Stockholders'(Deficit)   $(50,000)   $(50,000)
                               --------    --------
      Total Liabilities and
       Stockholders' Deficit   $    -0-    $    -0-
                                =======     =======
</TABLE>









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





<PAGE>4

                        KNICKERBOCKER CAPITAL CORPORATION
                            STATEMENTS OF OPERATIONS
                             For the 3 Months ended
                                   March 31,
<TABLE>
<CAPTION>
                                      2002         2001

                                  <c>          <c>
Revenue/Income                    $     -0-    $      -0-

Operating Expenses                      -0-           -0-
                                   --------     ---------
Total Operating Expense           $     -0-    $      -0-
                                   --------     ---------
Net (Loss) Income from Operations $     -0-    $      -0-
                                   ========     =========

Weighted average number of
 shares outstanding                 200,000        26,120
                                   --------     ---------

Net Loss per Share                $     -0-    $      -0-
                                   ========     =========
</TABLE>
























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





<PAGE>5

                     KNICKERBOCKER CAPITAL CORPORATION
                         STATEMENTS OF CASH FLOWS
                          For the 3 Months Ended
<TABLE>
<CAPTION>
                                         March 31,
                                      2002          2001

                                    <c>           <c>
Cash Flows From
 Operating Activities:

Net Profit (Loss)                $     -0-    $      -0-

Adjustments to Reconcile
 Net Loss to Net Cash Used
 from Operations                       -0-           -0-
                                  --------     ---------
Net Cash Provide (Used) by
 Operating Activities            $     -0-    $      -0-

Increase (Decrease) in Cash            -0-           -0-

Cash and Cash Equivalents,
 Beginning of Period                   -0-           -0-
                                  --------     ---------
Cash and Cash Equivalents,
 End of Period                   $     -0-    $      -0-
                                  ========     =========
</TABLE>












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












<PAGE>6

                     KNICKERBOCKER CAPITAL CORPORATION
                     STATEMENT OF STOCKHOLDERS' EQUITY
           For the Years End December 31, 1995,6,7,8,9,2000,2001
                                    and
                    For the Period Ending March 31 2002
<TABLE>
<CAPTION>
                                                     Accumulated
               Shares      Common Stock Pd in Cap     (Deficit)

             <c>          <c>          <c>            <c>
Balance
 12/31/97    261,200,000  $ 261,200     $ 90,845      $(382,045)

Balance
12/31/98     261,200,000  $ 261,200     $ 90,845      $(392,045)

Balance
12/31/99     261,200,000  $ 261,200     $ 90,845      $(402,045)

3/21/00
10,00 for 1
Reverse Split     26,120  $ 261,200     $ 90,845      $(402,045)

Balance
3/31/00           26,120  $ 261,200     $ 90,845      $(402,045)

4/15/00
Issue shares
to Off/Dir for
Serv rendered    173,880        174          -0-       (    174)
                 -------   --------      -------       --------
Balance
6/30/00          200,000  $ 261,374     $ 90,845      $(402,219)

Balance
12/31/00         200,000  $ 261,374     $ 90,845      $(402,219)

Balance
12/31/01         200,000  $ 261,374     $ 90,845      $(402,219)

Balance
 3/31/02         200,000  $ 261,374     $ 90,845      $(402,219)
</TABLE>





The accompanying notes are and integral
part of these financial statements





<PAGE>7


KNICKERBOCKER CAPITAL CORPORATION
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
March 31, 2002


NOTE 1 - ORGANIZATION:

Knickerbocker Capital Corporation, (the "Company")
commenced operations with certain nominal
operations on November 6, 1986 upon establishing a
bank account and subsequently incorporating in the
State of Colorado on February 24, 1987 for the
purpose of acquiring an interest in unspecified
business opportunities through merger or
acquisitions.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:

Public Stock Offering:

On April 7, 1988 the Company completed a public
stock offering and raised $300,000.  Stock
offering costs were $38,430 and were offset
against the proceeds.

Reverse acquisition and Subsequent Business
Discontinuance:

On June 10, 1988, Knickerbocker Capital
Corporation entered into and agreement to acquire
a concrete formula and rights to produce and sell
the product from Promotional Video Productions,
Inc. (PVP), a Nevada corporation.  PVP had been
incorporated April 27, 1987 to acquire the
aforementioned product and rights.  As a result of
the agreement, the Company issued common stock for
100% of the common stock of PVP.  The transaction
has been treated as a reverse acquisition in that
PVP acquired the net assets of the Company.  The
Company issued 29,775,000 shares in connection
with the reverse acquisition by PVP, the cost of
acquisition and issuance of shares were offset
against the pre-Capitalization equity and resulted
in a discount to the common stock.  The concrete
business was not a profitable business and was
discontinued in 1990.  There have been no
significant operations since that date.



<PAGE>8

Fixed Assets:

Fixed assets were depreciated on a straight line
basis commencing in the month the asset was
purchased and placed in service.  The fixed assets
were sold at a loss in 1989, and the resulting
charge was to operations and is included in
accumulated deficit.

NOTE 3 - GOING CONCERN AND INCIDENTAL COSTS:

The Company has had no significant business
activity.  The Company incurred significant losses
from operations until 1990 and certain other
incidental costs and expenses in 1995 and 1994.
The Company has a significant accumulated deficit
and no assets.  These factors indicate that the
Company may be unable to continue in existence.
The financial statements do not include any
adjustments relating to the amounts and
classification of liabilities that might be
necessary in the event the Company cannot continue
in existence.

Incidental costs to maintain the legal
registration of the Company in the State of
Colorado and with the Securities Exchange
Commission have been paid or assumed by the
current officers and directors.




<PAGE>9

    PART II.  OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS
                 None

Item 2.  CHANGES IN SECURITIES
                 None

Item 3.  DEFAULTS UPON SENIOR SECURITIES
                 None

Item 4.  SUBMISSION OF MATTER TO A VOTE OF
SECURITY HOLDERS
                 None

Item 5.  OTHER INFORMATION
                 None

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K
                 None


                    SIGNATURES

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

Date:     May 6, 2002
By:   /s/ Dempsey K. Mork
---------------------------
Dempsey K. Mork
President and Chief
Executive Officer