FORM 10-QSB

                  SECURITIES AND EXCHANGE COMMISSION
                        Washington D.C.  20549

             Quarterly Report Under Section 13 or 15 (d)
                Of the Securities Exchange Act of 1934


            For Quarter Ended        December 31, 1999

  Commission File Number             33 Act No. 33-15246-D


                       ON-SITE TOXIC CONTROL, INC.
        (Exact name of registrant as specified in its charter)


              COLORADO                           84-1065435
     (State or other jurisdiction of               (IRS Employer
   incorporation or organization)               Identification No.)


                    4 UPPER NEWPORT PLAZA, STE 100
                           NEWPORT BEACH CA 92660
               (Address of principal executive offices)


Registrant's telephone number
including area code                                         (949) 833-8383



             Former Address, if changed since last report

Indicate by check mark whether the registrant (1) 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 (or such shorter period that the
registrant was required to file such reports)

                         Yes   X     No

and (2) has been subject to such filing requirements for the past 90 days.


                          Yes   X    No


                              2,701,515
                     (Number of shares of common
                       stock the registrant had
                   outstanding as of March 7, 2000)

                                PART 1

ITEM 1 - FINANCIAL STATEMENTS

     The accompanying balance sheets of On-Site Toxic Control, Inc. at
December 31, 1999 and June 30, 1999, the statements of operations and the
statements of cash flows for the three and six months ended December 31, 1999
and 1998, have been prepared by the Company's management.  They do not
include all information and notes to the financial statements necessary for a
complete presentation of the financial position, results of operations, cash
flows, and stockholders' equity in conformity with generally accepted
accounting principles.  In the opinion of management, all adjustments
considered necessary for a fair presentation of the results of
operations and financial position have been included and all such adjustments
are of a normal recurring nature.

     Operating results for the quarter ended December 31, 1999 are not
necessarily indicative of the results that can be expected for the year ending
June 30, 2000.

                     ON-SITE TOXIC CONTROL, INC.
                            Balance Sheets

                                  ASSETS


                                           December 31,            June 30,
                                           1999                      1999

CURRENT ASSETS

Cash & cash equivalents (Note 1 & 4)              $ 415,431  $ 324,694
Interest receivable                                   -           600
Note receivable - related party (Note 5)              -        80,000
Prepaid expenses (Note 1)                            1,400      2,200

TOTAL CURRENT ASSETS                               $ 416,831  $ 407,494


                 LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Notes payable - related party (Note 5)  $  21,000  $  21,000
Interest payable                           17,953     16,903
Other                                         131        131

Total Current Liabilities                  39,084     38,034

STOCKHOLDERS' EQUITY

Preferred Stock 800,000 shares
   authorized at $.0125 par value;
   shares issued and outstanding (Note 6)    -            -
Common Stock 6,400,000 shares
   authorized at $.0125 par value;
   2,701,515 shares issued and outstanding    33,769    33,769
Capital in excess of par                   3,232,418  3,232,418
Accumulated deficit                       (2,888,440)(2,896,727)

Total Stockholders' Equity                   377,747    369,460

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $416,831  $ 407,494


                     ON-SITE TOXIC CONTROL, INC.
                       Statements of Operations


                                     For the Three
                                     Months Ended   For the Six Months Ended
                                     December 31,          December 31,
                                    1999       1998     1999          1998

REVENUE

     Royalty income      $  -      $  -     $  -     $ 12,056
     Interest income       2,883     6,873   10,679    14,449
        Total Revenue       2,883    6,873   10,679    26,505

EXPENSES

     General and administrative  (11,378) (16,564) (11,596)   (29,374)
     Interest expense       (525)  (4,350)  (1,050)   (8,860)
     Gain (Loss) on Investment   12,686   4,350    11,054      (2,079)
               Total Expenses/Gain    783  (16,564)   (1,592)         (40,313)

NET INCOME (LOSS)
     - Before Taxes      $ 3,666   $(9,691)   9,087    (13,808)

     Taxes (Note 2)          400      600      800    1,200

INCOME (LOSS)            $         3,266  $           (10,291)        $
 8,287                   $             (15,008)

Loss Per Common Share (Note 1)   $         -       $                 -     $
      -                  $                   (.01)

Average Outstanding Shares
     (Note 1)            2,701,515         2,701,515         2,701,515
2,701,515



                     ON-SITE TOXIC CONTROL, INC.
                       Statements of Cash Flows
         For the Six months ended December 31, 1999 and 1998



                                             For the Six
                                             Months Ended
                                             December 31,
                                          1999         1998
CASH FLOWS FROM
 OPERATING ACTIVITIES
 Net Income (Loss)                          $8,287   $(15,008)
 Increase (Decrease) in
  Accounts Payable/Interest Payable          1,050     (6,424)
 Increase (Decrease) in
   Prepaid expenses /
        Interest Receivable                  1,400         -
Cash Flows from
   Operating Activities                      10,737  (21,432)

CASH FLOWS FROM
   INVESTING ACTIVITIES
 Decrease in Note Receivable                   -           -
                                              80,000       -
CASH FLOWS FROM
   FINANCING ACTIVITIES
 Decrease in Notes Payable                       -    (25,000)
                                                 -     (25,000)

INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                     90,737   (46,432)

CASH AND CASH EQUIVALENTS
   AT THE BEGINNING OF PERIOD               324,694  485,685

CASH AND CASH EQUIVALENTS
   AT END OF PERIOD                         $415,431  $439,253

CASH PAID DURING THE PERIOD FOR:
 Interest                                   $  -     $10,000
 Income Taxes                               $  -     $   -



                     ON-SITE TOXIC CONTROL, INC.
                  Notes to the Financial Statements

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

     Organization and Business - On-Site Toxic Control (On Site) was organized
on June 11, 1987 as Augusta Financial, Inc. in the State of Colorado.  On Site
was in the business of  designing, manufacturing, selling and leasing of water
and air treatment equipment but has not been in that line of business for
several years.

     On Site has an inoperative subsidiary, Oxidation Royalties, Inc., was
organized in the State  of California on August 15, 1984.

     Cash and Cash Equivalents - The Company considers all highly liquid
investments with maturities of three months or less to be cash equivalents.

     Prepaid Expenses - The Company had prepaid California state taxes of
$2,200 as of June 30, 1999. ($1,400 as of December 31, 1999).

     Loss Per Common Share -Earnings (loss) per share are computed based on
the weighted average method.

     Consolidated Financial Statements - The consolidated financial statements
include theaccounts of On Site and its subsidiary.  Collectively, these
entities are  Referred to as the  Company.  All significant intercompany
transactions and accounts have been eliminated.

NOTE 2 -INCOME TAXES

     The Company adopted Statement of Financial Standards No. 109 "Accounting
for Income taxes" in the fiscal year ended June 30, 1999 and was applied
retroactively.

     Statement of Financial Accounting Standards No. 109 " Accounting for
Income Taxes" requires an asset and liability approach for financial
accounting and reporting for income tax  purposes.  This statement recognizes
(a) the amount of taxes payable or refundable for the  current year and (b)
deferred tax liabilities and assets for future tax consequences of events
that have been recognized in the financial statements or tax returns.

     Deferred income taxes result from temporary differences in the
recognition of accounting transactions for tax and financial reporting
purposes.   There were no temporary differences at June 30, 1999 and earlier
years; accordingly, no deferred tax liabilities have been recognized for all
years.

     The Company has cumulative net operating loss carryforwards of
approximately  $2,800,000at December 31, 1999.  No effect has been shown in
the financial statements for the net  operating loss carryforwards as the
likelihood of future tax benefit from such net operating loss carryforwards is
not presently determinable.  Accordingly, the potential tax benefits of the
net operating loss carryforwards, estimated based upon current tax rates at
December 31,1999 have been offset by valuation reserves in the same amount.
The net operating losses  begin to expire in 2007.

                     ON-SITE TOXIC CONTROL, INC.
                  Notes to the Financial Statements


NOTE 3 - USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect reported amounts of assets and liabilities, disclosure
of contingent assets and liabilities at the date of the financial statements
and revenues and expenses during the reporting period.  In these financial
statements, assets, liabilities and earnings involve extensive reliance on
management's estimates.  Actual results could differ from those estimates.

NOTE 4 - CONCENTRATION OF RISK

     As of June 30, 1999, the Company had cash funds invested in several bank
accounts and money market funds which exceeded the FDIC insured limits of
deposits.  The Company had  $319,673 invested in mutual funds and money market
funds that were exposed to such  losses. ($335,041 at December 31, 1999).

NOTE 5 - RELATED PARTY TRANSACTIONS

     In June, 1999, the Company loaned $80,000 to the brother of the
president/director of the Company on a short term basis.  The loan carried an
interest rate of 8%. The loan was repaid subsequent to year end.

     The Company has outstanding a line of credit with Entox, Inc., a
subsidiary of the majority shareholder of the Company.

     During the fiscal year 1999, the Company paid for rent and other office
services to Fletcher  Capital Advisors, an affiliate of one of the directors
of the Company. Total paid in 1999 was $10,000.

     Also during fiscal year 1998 and 1999, the Company paid investment
counseling fees to  Fletcher Capital Advisors.  Total fees paid in 1998 was
$4,547 and $4,280 in 1999. ($1,378 for fiscal year 2000 to date.)

NOTE 6 - CAPITAL STOCK / PREFERRED STOCK

     On Site is authorized to issue both common stock and preferred stock per
its Articles of  Incorporation.  The preferred stock characteristics are to be
set by the board of directors, giving different characteristics of dividends,
 liquidation preferences, voting rights, etc.  As of June 30, 1999, there
were no classes of preferred stock outstanding.

NOTE 7 - SUBSEQUENT EVENT

     Subsequent to year end, the Company announced its intention to hold a
stockholders' meeting to change the domicile from Colorado to Nevada, change
the par value of common stock to $.001, increase the authorized shares, and
authorize the board of directors to effect  a reverse split of its common stock.





                      ITEM 2 - PLAN OF OPERATION



ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS.
     Liquidity and Capital Resources / Results of Operations. The Company has
not had an operating business for a number of years and the only assets that
remain are cash and cash investments in mutual funds and money market funds.
The Company is inactive except for the portfolio income (interest and dividends)
that it receives from its invested funds.  The Company had operating capital,
primarily cash, in which it received $10,679 and $14,449 of interest and
dividend income for the six months ended September 31, 1999 and 1998,
respectively.  The Company does have a mutual fund account where investments
in specific stocks or bonds are made.  The Company reported a gain of $11,054
in 1999 as compared to a loss in such investments of $(2,079) in 1998.

     The Company pays a management fee for  advise on its investments, and on
occasion, pays for rents and other office services at the office of the
president in Newport Beach, California.  The Company does have a loan
outstanding, to Entox, a subsidiary of the majority owned shareholder of the
Company.  Other expenses of the Company are professional, outside services,
rent,  and officer services.

     The Company reported a net income of $8,287 for the six months ended
December 31, 1999, compared to a net loss of $(15,008) in the six months for
previous year. Plan of Operations.  The Company is currently in the process of
looking for business opportunities to acquire or merge with.  There is no
guarantee that management will be successful in finding such an opportunity.
The Company is also in the process of bringing all of its periodic reports
current for filing with the Securities and Exchange Commission.

                                        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 Matters to a Vote of Security Holders.

     Subsequent to year end, the Company announced its intention to hold a
     stockholders' meeting to change the domicile from Colorado to Nevada,
     change the par value of common stock to $.001, increase the authorized
     shares, and authorize the board of directors to effect a reverse
      split of its  common stock.

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, as
amended, this report has been below by following persons on behalf of the
Registrant and in the capacities and on the dates indicated:


                     ON-SITE TOXIC CONTROL, INC.

                     /s/ Lionel Drage

                     Lionel Drage, President and Director