QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                OF THE SECURITIES EXCHANGE ACT OF 1934

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

                           FORM 10-QSB / Amendment No. 1




      [X]  Quarterly Report Pursuant to Section 13 or 15(d) of
           the Securities Exchange Act of 1934
           For the period ending September 30, 2000

          or

      [ ]  Transition Report Pursuant to Section 13 or 15(d) of
           the Securities Exchange Act of 1934

                    Commission file number 0-18612

           I.R.S. Employer Identification Number 84-1062555

                    TV COMMUNICATIONS NETWORK, INC. ("TVCN")

                       (a Colorado Corporation)
                     10020 E. Girard Avenue, #300
                        Denver, Colorado  80231
                      Telephone:  (303) 751-2900
                           Fax:   (303) 751-1081


     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 and Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was
required to file such report(s), and (2) 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: 68,469,788 shares of TVCN's Common Stock ($.0005 par value)
were outstanding as of September 30, 2000.

                           1



         TV COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES

                             INDEX




                                                          PAGE


PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements:

          Consolidated Balance Sheets as of September 30, 2000
          (unaudited) and March 31, 2000. . . . . . . . . . 3

          Consolidated Statements of Operations for the Three
          and Six months ending September 30, 2000 and 1999
          (unaudited) . . . . . . . . . . . . . . . . . . . 4

Consolidated Statements of Cash Flow for the Six months
ending September 30, 2000 and 1999 unaudited). . .6

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations . . . . . . . 8


PART II.  OTHER INFORMATION. . . . . . . . . . . . . . . .  13



SIGNATURES. . . . . . . . . . . . . . . . . . . . . . . . . 14





                                   2











PART I.     FINANCIAL INFORMATION


ITEM 1.     Financial Statements


        TV COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
                 Consolidated Balance Sheets
                   September 30, 2000






                            Sept. 30, 2000        Mar. 31,2000
                               _____________        ____________

Current Assets:

     Cash                      $    541,966         $ 1,147,712
     Investments                    935,840           2,188,477
     Accounts Receivable              2,543               6,855
     Inventory                       73,400              88,017
     Notes Receivable                37,550              37,600
     Deferred income taxes          119,585             119,585
     Other Current Assets            89,814              74,597
                                ____________         ___________
     Total Current Assets      $  1,800,698         $ 3,662,843


Property and Equipment-Net     $    627,101         $   715,945
Property and Equipment, net
 Discontinued operations            176,015             207,018

Other Assets:
     License Agreements - Net     1,137,243            1,196,726
     Deferred income taxes        1,874,525            1,436,652
     Loan Origination Fees(Note 3)  512,500
     Other assets                    80,446               80,504
     Reclamation bonds disc.
      operations                     42,182               42,183
                               ____________         ____________
     Total Other Assets        $  4,450,012         $ 2,756,065

Total Assets                   $  6,250,710          $ 7,341,871
                               ============         ============

                             3


                 LIABILITIES AND STOCKHOLDERS' EQUITY




                           Sept. 30, 2000          Mar. 31, 2000
                           ______________         ______________

Current Liabilities:
     Account Payable        $   257,278             $  182,879
     Accounts Payable-discont.
      operations                                        97,741
     Accrued Expenses           476,135                465,259
     Current portion of
      Long-Term Debt            164,470                199,174
     Current maturities of Long
      Term Discon.               37,500                 37,500
      Subscribers Deposits        6,305                  5,885
                           ______________         ______________
     Total Current
      Liabilities           $   941,688            $   988,438

Long-term Liabilities:
     Long-term Debt         $ 1,156,211            $ 1,128,789
     Advances from
      Stockholder                58,877                262,620
                            _____________         ______________

Total Long-Term Liabilities $ 1,215,088            $ 1,391,409

Total Liabilities           $ 2,156,776            $ 2,379,847

Stockholders' Equity
     Class A preferred stock, $1 par
      value; none issued or
      outstanding                 -0-                    -0-
     Class B preferred stock, $1 par
      value; 28,813 shares issued and
      outstanding                28,813               28,813
     Class C preferred stock, $1 par
      value; none issued or
       outstanding                -0-                    -0-
     Class D preferred stock, $1 par
      Value; shares outstanding   -0-                    -0-
     Common Stock, $.0005 par value;
     100,000,000 shares authorized;
      68,469,788 outstanding     34,235                 34,235
      Additional Paid in
       Capital                8,518,039              8,518,039
      Accumulated (Deficit)  (4,487,153)            (3,619,063)
                            _____________          _____________
      Total Stockholders'
       Equity               $ 4,093,934            $ 4,962,024
                            _____________          _____________

Total Liabilities and Stockholder's
 Equity                     $ 6,250,710            $ 7,341,871
                            =============          =============

                                4



            TV COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
                 Consolidated Statement of Operations
     Three Months Ending September 30, 2000 and 1999 (Unaudited)




                          Three Months Ending  Three Months Ending
                          Sept. 30, 2000          Sept. 30, 1999
                           ________________        ______________

Revenue-Operations           $    41,133                $   61,610
Interest Income              $    23,023                $    2,282
     Total Revenue           $    64,156                $   63,892
                                ============
============
Operating Expenses:
     Salaries and Wages      $   153,826                 $  86,794
     Programming Fees              8,472                     6,964
     Cost of Goods Sold            5,648                     -0-
     Mine Development                                        -0-
     General and
      Administrative             616,825                   263,336
     Depreciation and
      Amortization              111,555                     76,956
     Interest                $   31,572                  $   1,200
                            ___________                ___________

     Total Expenses          $  927,898                  $ 435,250
                            ___________                ___________

Operating Income(loss)      $ (863,742)                 $(371,358)
Estimated Income Tax                                          -0-
                            ___________                ___________

Gain On Sale of Assets                                        -0-
                            ___________                ___________
Income (loss) before          (863,742)                  (371,358)
income tax
Income Tax Expense- Deferred $ (298,926)
                            ___________                ___________
Net (loss) income from
 Continuing                  $ (564,816)
Gain from discontinued
 operation                  $   (9,163)                 $ (17,120)
                            ___________                ___________

Net Loss                      (573,979)                  (354,238)


Weighted Average Common
 Shares Outstanding 50,835,954

Loss Per Share                                               (.01)
                           ===========                ============


                                     5







        TV COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
         Condensed Consolidated Statements of Operations
      Six Months Ending Sept. 30, 2000 and 1999 (Unaudited)


                           Six Months Ending     Six Months Ending
                           Sept. 30, 2000           Sept. 30, 1999
                           ______________           ______________

Revenue - Operations           $   420,250             $   226,360
 Interest Income                    59,426                  58,420
     Total Revenue             $   479,676             $   284,780
                            ==============          ==============

Operating Expenses: Profit


     Salaries and Wages        $   242,005              $  194,176
     Programming Fees               12,902                  16,635
     Cost of Goods Sold             32,898                   -0-
     Mine Development                  -0-                     -0-
     General and Administrative  1,160,161                 595,734
     Depreciation and Amortization 216,450                 218,977
     Interest                       68,654                  60,879
                            ______________           _____________
     Total Expenses              1,733,070               1,086,402

Operating Income (Loss)       $ (1,253,394)          $  (801,622)
                            ______________           _____________
Gain on Sale of Assets        $                       $   244,290
                            ______________           _____________

Income Loss Before Income Taxes$ (1,253,394)          $  (557,332)
Income Tax Expense- Deferred       (413,743)
                            ______________           _____________

Net (loss) income from continuing $(839,651)
Loss from discontinued operation    (28,440)               (7,978)
                            ______________           _____________

Net Loss                      $   (868,091)           $  (565,310)


Weighted Average Common Shares
 Outstanding 50,835,954
Net Income Per Weighted
 Common Share$                 $                       $     (.01)
                            ==============           =============

                                6



           TV COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
           Condensed Consolidated Statement of Cash Flows
      Six Months Ending September 30, 2000 and 1999 (Unaudited)

                           Six Months Ending     Six Months Ending
                            Sept. 30, 2000        Sept. 30, 1999
                           ________________      _______________

Cash Flow From Operating
 Activities                $   (868,091)           $   (565,310)
Net Income (loss)
Adjustment to reconcile net
 income (loss) to net cash
 used in operating  activities:
     Depreciation and
      Amortization              216,450                 218,977
Change in certain assets
 and liabilities:
     Gain on Sale of Real
      Estate                                           (244,290)
     Accounts Receivable          4,312                  22,474
     Taxes Payable                                        -0-
     Inventory                   14,617                   -0-
     Prepaid Expenses(Note 3)  (512,500)                  -0-
     Accounts Payable           (23,342)               (166,655)
     Accrued Expenses            10,876                (419,566)
     Subscriber Deposits            420                     (61)
     Deferred Taxes            (437,873)                  -0-
     Other Assets               (15,159)                 (3,000)
                           ______________          _____________

Cash flows used in
 operating Activities     $  (1,610,290)           $  (1,127,917)
                           ______________          _____________

Cash Flows From Investing Activities:
     Net Investing
      Activity            $   1,252,637            $     302,463
     Proceeds From Sale
      of Real Estate                                     578,584
     Property & Equipment
      Purchases                 (96,603)                 346,457
     Investments
     Property & Equipment
     Notes Receivable                52                     (378)
     Other                                               (62,711)
                           ______________          _____________

Cash Flows provided by investing
 activities:              $   1,156,086            $   1,164,415
                           ______________          _____________

Cash Flows From Financing Activities:
     Payments of Stockholder
      Advances            $    (203,743)           $      72,975
     Long-term Debt              (7,282)                (305,057)
     License Agreements          59,483                      (77)
                           ______________          _____________

     Cash flows used in financing
      Activities          $    (151,542            $    (232,159)
                           ______________          _____________
     Net Increase (decrease)
      in Cash                  (605,746                 (195,661)
      Cash - Beginning
       of Year            $   1,147,712            $     462,157
                           ______________          _____________
     Cash - End of Period $     541,966            $     266,496
                           ==============          =============
                               7



        TV COMMUNICATIONS NETWORK, INC. ("TVCN") AND SUBSIDIARIES
                   Notes to Financial Statements
                 Sept. 30, 1999 and 2000 (Unaudited)

Note 1 - Summary of Significant Accounting Policies

     The summary of TVCN's significant accounting policies are
incorporated by reference from our amended Annual Report on Form
10-KSB/A, for Fiscal Year ending March 31, 2000, filed October 27,
2000.

     The accompanying unaudited consolidated financial statements
include the accounts of TVCN, and its wholly-owned subsidiaries.
All material and inter-company accounts and transactions have
been eliminated in consolidation.

Note 2 - Interim Unaudited Financial Statements

     Information with respect to September 30, 2000, and September
30, 1999, and the periods then ended in the opinion of management,
reflect all adjustments (which include only normal recurring
adjustments)necessary for the fair presentation of our operations.
The results of operations for the three and six months ending
September 30, 2000, and September 30, 1999, are not necessarily
indicative of the results of the entire fiscal year.

     The preparation of the interim report is based on the same
accounting standards, and the statements are in conformity with
Generally Accepted Accounting Principles (GAAP).  Management
believes there are no material misstatements.

Earnings Per Share

     Net income per common share is based on the weighted
average number of 68,469,788, and 50,835,954 common shares
outstanding for 2000 and 1999, respectively.

Note 3 - Loan Origination Fees

Reema International Corp., entered into an agreement with a
private recommended lender, the identity of which remains
confidential pursuant to a request for confidentiality TVCN
filed with the U.S. Securities and Exchange Commission's
Office of the Secretary. The agreement provides that the
recommended lender has made a non-binding commitment to
provide additional funding of $150 million for Reema's
Project in Trinidad, Latin America.

Since the occurrence of these events and transactions during
fiscal year 2000, Reema has continued to identify potential
recommended lenders for financing the gas-to-liquids plant.
Although no loans have closed, Reema has procured non-binding
agreements from several potential recommended sources.  In order
to obtain these non-binding agreements, TVCN has paid a total of
$512,500 to potential finders (none of which is an affiliate of
TVCN or any of its affiliates) as loan origination or finder fees.


ITEM 2.     Management's Discussion and Analysis of Financial
            Conditions and Results of Operations



  Wireless Cable TV ("WCTV") Operations


     Historically, Wireless Cable stations have been limited to a
one-way transmission; broadcasting cable TV programming over the
air to potential subscribers.  However, in October, 1998, the FCC
changed its rules so that it allowed the use of the channels for
two-way communications.  Using the concept of "cellular phone" or
"cellular communications", the frequencies can now be used for
two way communications connecting customers directly with long-
distance telephone networks, circumventing local telephone lines.

     As a result, long-distance telecommunications companies such
as Sprint and MCI Worldcom began to acquire WCTV companies.

     Based upon the foregoing, we believe that this might be an
opportune time to sell our Wireless Cable TV stations, licenses
and rights and interest in the BTAs.  TVCN has approximately 1.1
million households in its markets.  No agreements have been signed
or negotiated, but discussions continue.  It is impossible to
predict the outcome of such discussions, or the amount that may be
generated, if any, from the possible sale of such assets.  But our
observation of the market transactions and our discussions lead us
to believe that we have the ability to sell these assets.

                                8

  Reema International Corp.

     Reema International Corp. (Reema) is a wholly-owned
subsidiary of TVCN.  It was  incorporated in 1993 to explore for
and develop business opportunities in the oil and gas industry.
Specifically, Reema is in the business of developing projects
designed to convert natural gas into transportation fuels.  This
process is better known as Gas-To-Liquids ("GTL").  For more
information, see TVCN's 1999 Annual Report, as amended, on Form
10-KSB/A for the period ended March 31, 2000, as filed on October
27, 2000.


As of March 31, 2000, Reema's activities were limited to the
research and development of the technology, and the negotiations
with various governments of gas producing countries, and with
various financial institutions, engineering firms, manufacturers,
vendors, and suppliers.  Reema has generated no revenues from
these activities, nor does it expect to generate any revenues any
time soon, and does not have any Gas-To-Liquids plants under
operation or construction.  Reema is simply negotiating with
various entities the possibility of constructing its first plant,
of which there can be no assurance of success.

GTL Plant

A typical Gas-To-Liquids conversion plant consists of three major
units.  The first section is a gasification or gas reforming unit
for converting natural gas into syngas (a mixture of hydrogen and
carbon monoxide).  The second step is the Fisher-Tropsche process
unit in which the syngas from the first step is converted into
"soupy" waxy hydrocarbon products.  The last unit is for
hydrocracking/hydroisomerization of the wax into the desired
product mix such as diesel, jet fuel, naphtha, etc.  The front end
(gasification) and the back end (hydrocracking) units of the plant
are relatively standard commercial units that are commercially
available today and have been in use for about 40 years.  The
Fisher-Tropsche process itself is not new.  It was used by the
Germans as early as the 1920's who first converted coal into
syngas, which was then fed into the Fisher-Tropsche process for
conversion into transportation fuels.  South Africa used the
Fisher-Tropsche process in the 1950's.  However, because of the
inefficiency of the early processes, the old Gas-To-Liquids
technology was not commercially viable.  In 1992, Sasol of South
Africa began to experiment on a 2,500 bpd Gas-To-
Liquids plant.  The initial focus was on the production of the
high-value wax.  It is believed that Sasol is now working on the
production of transportation fuels, but no information is
currently available on such work.

                             9


It wasn't until 1993 that Shell built the first commercial Gas-To-
Liquids plant in Malaysia.  However, the Shell plant reportedly
focused on the production of high-value products such as solvents,
detergents, lubricants and wax, instead of transportation fuels.
The capital cost of the Shell plant reportedly was in excess of
$850 Million, and the production capacity was 12,500 barrels per
day.  In 1997, a fire destroyed part of the plant and it is not
known to us if the plant is currently in operation.  The giant oil
company Exxon announced recently that it has completed the
construction of a pilot Gas-To-Liquids plant for the production of
250 barrels per day of transportation fuels.

Memorandum of Understanding

After years of negotiations, in December of 1997, our subsidiary,
Reema, and the government of Trinidad and Tobago signed a
Memorandum of Understanding ("MOU") for the construction and
operation of a Gas-To-Liquids plant in Trinidad.  The proposed
Gas-To-Liquids conversion plant will employ Reema's proprietary
technological information.  Reema's plant in Trinidad will use
natural gas from Trinidad.  On June 11, 1999, The National Gas
Company of Trinidad and Tobago Limited (a government agency) and
Reema International Corporation signed a "Term Sheet For Supply of
Natural Gas Agreement."

The Agreement sets forth the terms and conditions for a
definitive agreement, and the obligations of both parties that
must be satisfied before the signing of a definitive agreement.
No assurance can be given that the definitive agreement will be
executed.  If and when the proposed plant is constructed
successfully, of which there can be no assurance, the natural gas
will be converted into approximately 10,000 barrels per day of
quality finished petroleum products such as sulfur-free diesel,
jet fuel, naphtha and others.

The initial capitalization of the Gas-To-Liquids plant in Trinidad
is expected to be between $275 and $300 million, for a production
capacity of 10,000 barrels per day over a period of at least 20
years.  Reema has been discussing various financing options with
financial institutions and interested parties.

                             10

Reema estimates that a substantial time period will elapse while
building the plant and before it is capable of producing
commercial output in a sustainable and reliable fashion.  Progress
during this time period can be measured by evaluating the project
in three distinct and overlapping phases.

The Start Up phase is estimated at six months.  During this Phase
during which the engineering design specification, the capital
cost of the Plant, along with all related matters and parameters
which have been provided by Reema, will be refined and defined.
The various manufacturers, licensors, subcontractors and others
will be identified and evaluated.  The procedures for the project
Execution Plan will be developed and issued in this Phase.

The second phase is the Design and Documentation phase in which
all procedures, scheduling, planning and specifications will be
further defined and documented.  This includes materials
management, labor requirements, logistics, instrumentation,
architectural drawings and layouts, among other items, and all
engineering design activities that are necessary to completely
define the Project scope and make it ready for the next phase.
The second phase may also last about six months and may overlap
other phases.

The third and last phase is the Engineering, Procurement and
Construction ("EPC").  The EPC Execution Plan will be reviewed,
finalized and implemented during this phase.  By the end of this
phase, the Plant construction will be completed, and the Plant
will become operational. The completion of this phase may take 28
to 36 months, or longer, depending on many factors that will be
determined in due course.

Reema will incur costs during these phases related to the work
then in progress.  However, this work will commence, and these
costs will be incurred, only if Reema is successful in obtaining
financing from an independent third party or parties.  Until the
time that sufficient funding is secured and work commences, TVCN
will continue to fund Reema's operations and its efforts to obtain
financing.  We believe that TVCN has sufficient cash and assets to
continue to make such funding available for at least an additional
twelve months.

In order to secure the $300 million financing, Reema has
approached many potential lenders, potential joint venture
participants and potential project partners.  As of December 31,
2000, no single financing approach has resulted in Reema obtaining
any of the funding necessary to commence the Project.  If
financing is not secured, Reema stands to loose the gas supply
that it is provisionally promised by the National Gas Company of
Trinidad and Tobago Limited pursuant to the "Term Sheet For Supply
of Natural Gas Agreement."

Morgan Weinstein & Co., Inc.'s Proposed Loan.

On May 10, 2000, Reema signed a Funding Proposal Agreement with a
private commercial funding source, Morgan, Weinstein & Co., Ltd.,
to provide Reema with a proposed loan of $150 million for the
construction of the first gas plant project in Trinidad.  The
lender is entirely independent of Reema International, TVCN or any
affiliate thereof.  As of the date of this document, the proposed
loan has not closed and there can be no assurance that the
proposed loan will in fact close.  The proposed loan is for a
twenty year period and carries an interest rate tied to the London
Inter Banking Operation Rate.  TVCN paid all of the costs and
expenses associated with procuring this proposed loan including a
loan origination fee of $150,000 paid in fiscal year 1999.

As a result of Morgan Weinstein's lack of progress in processing
and funding the proposed loan, and as of December 31, 2000, Reema
no longer considers this to be a viable funding alternative.  As a
result Reema has turned its attention to other funding
alternatives and prospects.

The specific arrangements regarding compensation are as follows:

Total Amount of Funding - $150,000,000 USD.

Funding Schedule - Total proceeds of the loan will be placed in
a "High Yield Investment" program in a major European Bank.  The
project will be funded at the rate of $3,750,000 per month for
Forty (40) months, by way of irrevocable pay-orders lodged with
the Disbursing Bank.  Morgan, Weinstein & Co., Ltd. will provide
collateral to the Investment Account Bank.

Morgan Weinstein has insisted that it control the loan proceeds.
Reema does not know the exact reason for this and the written
agreements to date do not provide any reasoning for it, but Reema
speculates that it is because Morgan Weinstein seeks to receive
monetary remuneration from the interest and dividends that are
earned by the funds prior to their release to pay for the
Project's costs and expenses.   Morgan Weinstein's terms require
that the loan proceeds be deposited into a High Yield Investment
program in major European Bank and that the proceeds and earnings
of the loan remain under its control.  Reema has not attempted to
negotiate more favorable terms than this, and these terms would
most likely be acceptable to Reema if they constituted the only
conditions precedent to obtaining the funding.  However, the
presence of these conditions subject the project to certain
foreseeable risks, including: (i) that the major European Bank
will fail or make it otherwise impossible for Reema to receive
financing allocations in order to pay for the various costs and
expenses that it will incur during the completion of the various
phases discussed above; (ii) that Morgan Weinstein's management of
the financing could interfere in a variety of ways with Reema's
ability to make payment to third parties to whom Project Related
payments are due.  This could include, for example, Morgan
Weinstein's lack of cooperation, mismanagement or dishonesty.
Further, Morgan Weinstein may elect to invest the funds in
investment vehicles that are unstable resulting in the loss of the
funds allocated for the Project. Such events would subject the
Project to delays, loss or cancellation.    Reema believes that
safer, more stable and secure investment vehicles are a better
choice for placing the funds prior to their release to pay for the
Project.  However, as of this date, no negotiations have been
undertaken to make such amendments to the provisional agreements.

An attendant risk of the maintenance of the high yield investment
account is that the owners of such an account could be construed
to be operating an "investment company" and hence subject to the
Investment Company Act of 1940.  If an opinion of counsel so found
or such a finding were imposed upon Morgan Weinstein and Reema, a
registration statement would be required to be filed with various
state and federal agencies and the fund would be subject to
extensive regulation, all of which would constitute an unnecessary
expense for Reema and the Project.  Nevertheless, there are
exemptions from the definition of an "investment company"
contained within the Investment Company Act of 1940, that may
apply to the owners of the high yield investment account.

Interest - Beginning Forty-one (41) months after the first
disbursement of funds and thereafter for the Twenty (20) year
term, the Borrower will be obligated to pay Interest quarterly at
a rate not to exceed one (1) year LIBOR plus 1 and 1/2 % adjusted
annually.  These interest payments will be based on the amount
actually disbursed to the Borrower or its assigns, plus unpaid
accrued interest, before deduction of the Morgan, Weinstein & Co.,
Ltd. fee.

Disbursement - In accordance with the loan documents, a "Fund
Control" to insure progress and payment as agreed, will be required.  The
Disbursing Bank will act as trustee, responsible for
administration, accounting and adherence to the project cost
breakdown, verifying all inspection reports and requests for loan
disbursements accompanied by supporting invoices and releases.
They will also diligently maintain lender priority and compliance
in accordance with the "Fund Control" and loan documents.

Repayment of Principal - Principal amount of loan ($150,000,000
USD plus accrued unpaid interest) will be subject to repayment in
the following manner: The Borrower will provide lender with
acceptable evidence that all phases of the project complies with
any and all Governmental and regulatory agencies necessary and
needed to render the project lawful and approved.  Upon conversion
to permanent financing, the value of the Project will be
established by an independent appraisal through a licensed and
certified appraiser.  At all times, the appraised value of the
Project and the Borrower or Borrowing entity must at least equal
the amount disbursed.  The Loan will be all due and payable at the
end of Twenty (20) years or can be paid at any time during the
Twenty (20) year period without penalty.  (the loan is not
assumable nor may it be assigned without prior lender approval.
In the event of a sale of any portion of the Project, a pro rata
repayment of principal will be due and payable.)  After the third
(3) year of operations a Sinking Fund must be established, the
annual deposits to which must be adequate to liquidate the
principal by the end of the Twenty (20) year period.  The Sinking
Fund can be established in a Bank of your choice under
the joint administration of the Borrower and Morgan, Weinstein &
Co., Ltd.

Collateral - Morgan, Weinstein & Co., Ltd. will provide collateral
for the opening Forty (40) months or until the Borrower no longer
has an active Investment Account. Collateral will be extended as a
result of  subsequent loan approvals. Fifteen (15) days prior to
the scheduled return of collateral to Morgan, Weinstein & Co.,
Ltd., the Borrower will submit detailed Financial Statements ((30
Days), P&L Statements, General Ledger and Owned Inventory Schedule
(w/ opinion letter) to Morgan, Weinstein & Co., Ltd. for lender
approval as substitution of collateral.  Typically the collateral
will consist of a first lien position on the land and associated
property of the Project, and possibly a lien on other assets of
the Borrower and/or its affiliated companies, depending on the
financial strength of the Company at that time Our fees for the
completion of the funding will be 2% of the amount funded to the
Borrower, payable as you receive funds; i.e., as you are funded
over a period of 40 months Morgan, Weinstein & Co., Ltd. will
receive a total of 2% of the initial $3,750,000 USD and 2% of each
$3,750,000 increment funded thereafter.  In addition, 1% will be
payable to your broker Morgan, Weinstein & Co., Ltd., and deducted
from each increment as it is funded.  In the event you do not find
it necessary to draw down the entire loan of $150,000,000USD, our
2% fee on the amount not taken down will be due and payable along
with your first interest payment.

On or about July 13, 2000 in response to Reema's request to
increase the loan amount from $150,000,000 to $300,000,000, the
lender amended the May 2000 agreement.  Per the amendment, the
loan amount was increased from $150,000,000 to $300,000,000.  On
Reema's behalf, TVCN paid the $300,000 retainer fee.  On July 31,
2000, Reema received confirmation from the lender that the
"Funding Proposal" dated May 10, 2000, had been increased.

Other Lending Sources.

During fiscal year 2000, Reema has continued to identify potential
lenders for financing the gas to liquids plant.  Although no loans
have closed, Reema has procured non-binding agreements.  TVCN has
paid a total of $512,500 to potential finders (none of which is an
affiliate of TVCN or any of its affiliates) as loan origination or
finder fees.

Other Developments regarding the G-T-L Plant.

On or about June 5, 2000, Reema signed an agreement with Parsons
Energy and Chemical Group, Inc. To commence the engineering,
design, procurement and construction for the proposed gas to
liquids plant in Trinidad.  The agreement required Reema to pay
Parsons a minimum of $394,000, of which $314,000 was paid by TVCN
in fiscal year 2000. Upon the engineering design completion, the
desired manufacturers, vendors, suppliers and sub-contractors
necessary for the procurement and construction of the Plant will
be selected through a bidding process.  The engineering design,
procurement and construction of the Plant is expected to be
completed in about three years. The complete contract including
Exhibit A thereto entitled "Initial Engineering Phase, Scope of
Services," is appended as Exhibit 10.4 hereto.

During calendar year 2000, through October 31, 2000, Reema
incurred expenses associated with the gas to liquids project
including legal expenses of $93,978, travel expenses of $36,566
and administration expenses including labor and consulting fees of
$438,115.  TVCN has paid these expenses on behalf of Reema.

We continued our discussions and negotiations with various
financial institutions, manufacturers, vendors and suppliers.
But, no agreement has been signed with any of said entities, and
none is expected until after the engineering design is completed
and the procurement process is commenced.  There is no assurance
that agreements can be negotiated and executed with any of said
entities, and if executed, they will be favorable to the Company.
Based on our management experience and that of Parsons, and on the
early discussions and negotiations with various entities, we are
confident that the $300 million financing will be obtained in due
course. However, no assurance can be given that we will obtain all
necessary financing.  Further, even if the entire $300 million
financing is obtained, no assurance can be given that the proposed
Plant can or will be designed and constructed successfully.

                                     12


Gas-To-Liquids Competition

While the Gas-To-Liquids technology is at its infancy, the
competition in this new emerging technology and industry is
expected to be intense.  We do not expect the competition to
adversely affect the implementation of the first Gas-To-Liquids
project in Trinidad but, this possibility exists.  In our attempt
to negotiate similar agreements with other gas producing countries
around the world, we will be competing against giant companies
such as Exxon, Shell and others which have vastly greater
resources and capabilities.  Even with what we hope will be the
success of constructing the first Gas-To-Liquids plant in
Trinidad, we will be facing extremely tough competition for
constructing additional plants.  There is no assurance that the
Company will be able to succeed in constructing any Gas-To-Liquids
plant.

Premium Quality of Gas-To-Liquids Produced Products

A frequently reported cause of air pollution in some regions is
the presence of sulfur and other impurities in crude oil-derived
products.  Additionally, aromatics are the major cause of engine
wear and tear.  Governments are constantly limiting the contents
of sulfur and other impurities in crude oil-based products in
order to curb the rising levels of pollution.  The recent
announcement in California regarding the danger of diesel produced
from crude oil underscores the significance of the Gas-To-Liquids
process.  On August 27, 1998, United Press International reported
that "California has become the first state to declare that soot
emitted in diesel exhaust is a cancer threat that requires new
controls.  On August 28, 1998, the Denver Rocky Mountain News
reported eleven members of the California Air Resources Board
"voted unanimously to declare 40 chemicals found in (crude oil-
derived) diesel exhaust as toxic air pollutants." Further, the
Associate Press reported on May 17, 2000, that the Federal
National Toxicology Program said: "cancerous tumors have been
found in rats after exposure to diesel exhausts", produced from
crude oil, and that such diesel exhausts "are reasonably
anticipated to be a human carcinogen."  The same report said that
the White House intended to propose a new regulation that would
require refineries to reduce sulfur content in crude-oil produced
diesel by 97% in seven years.

In contrast, we are unaware of any material negative environmental
aspects of the gas to liquids process.  Diesel and jet fuel
processed and produced by the Gas-To-Liquids process will have
zero sulfur, zero aromatics, higher cetane, and a higher smoke
point.  The quality of the finished products of Reema's process is
expected to be so premium that it can be used as a blend with the
products derived from crude oil in order to improve their quality
and meet an ever-increasing stringent pollution standard
requirements.  Reema is a wholly-owned subsidiary of TVCN.


  Internet Business Opportunities

     On February 16, 1996 TVCN incorporated its wholly-owned
subsidiary, Planet Internet Corp. as an Internet Service
Provider.  Planet Internet provided internet service to
subscribers.  By March 31, 1999, Planet had 836 subscribers, and
was running a negative cash flow of about $40,000 per month.  On
May 18, 1999, TVCN signed an agreement to sell certain assets
with the purchaser "BeWell Net Corp." of Parker, CO assuming
certain Liabilities of Planet Internet Corp.  The net sale price
was $1,508,640 payable in common stock of BeWell Net.
Accordingly, we received 301,728 shares of the common stock of
BeWell Net valued at $137,170 which reflects the carrying value of
the net assets of Planet Internet while deferring any gain until
realized in the future. TVCN recognized no gain on the sale of
Planet Internet Corp.  The 301,728 shares of BeWell Net represents
3.85% of the total issued and outstanding shares of BeWell Net's
common stock.  BeWell Net is a private company and has no public
trading market for its stock. TVCN continued to assume certain
debt responsibilities of Planet in the amount of $53,515.  The
sale was completed in August, 1999, and accounted for as an
investment in BeWell Net stock.

Revenues

	The net operating loss for the quarter ended September
30, 2000 was $868,091 as compared to $565,310 for the same period
ending September 30, 1999.  The loss is increased to $302,781 due
mainly for Reema's consultants and additional engineering for the
Trinidad Project.

 	The total revenues for the three and six months period
ending September 30, 2000 were $64,156 and $479,676 respectively,
as compared to 63,892 and 284,780 for the same periods ending
September 30, 1999.

  Operating Expenses

Total operating expenses for the three and six months period
ending September 30, 2000, are $927,898 and $1,733,070
respectively as compared to $435,250 and $1,086,402 during the
same periods ending September 30, 1999.  The increase in expenses
of $492,648 is summarized as follows:

     Increase in Salaries and Wages                 $    67,032
     Increase in Programming Fees                         1,508
     Increase in Cost of Goods Sold                       5,648
     Increase in General & Administrative Expense       353,489
     Decrease in Depreciation and Amortization           34,599
     Increase in Interest Expense                        30,372
                                                   ______________
     Net increase in total expenses                   $ 492,648

     The increase in salaries and wages is a result of TVCN's new
employee, filling the position of general counsel.  The increase
in programming fees is due to the rate increase in programming in
both operating systems.  The increase in Cost of Goods Sold is due
primarily to JBA Wholesalers which has increased its purchasing of
automobile parts in order to increase inventory.  The increase in
General and Administrative Expense is due mainly for Reema's
Consultants and additional engineering for the Trinidad Project.

The decrease in Depreciation and Amortization is a result of
equipment depreciation adjustments due to the purchase of the
Salina BTA.  The increase in Interest Expense is due to the
purchase of the Salina BTA.  TVCN incurred a $51,487.51
indebtedness to the U.S. Treasury as a result of the acquisition
of this license.  As of September 30, 2000, TVCN owed $48,513.31
to the U.S. Treasury.

  Liquidity and Capital Resources

     TVCN initially financed its growth through private loans and
private financing.  We will finance our future growth primarily
from the sale of assets and possibly through further private
financing, of which there can be no assurance of success.

     To date, we have not engaged in any debt financing, with the
exception of the BTA's funding through the FCC, and the purchase
of the internet equipment which was assigned and transferred to
BeWell Net as part of the sale of Planet Internet.  The lease
underlying such equipment has also be transferred to and assumed
by BeWell.

     The sales of the Denver, Colorado (in 1993) Washington, D.C.
(in 1993) and Detroit, Michigan (in 1994) systems for
approximately $17.5 million with a resulting gain of $15.5
million, the sale of the Rome, Georgia station in 1997, for $2.0
million, and the sale of other assets have been adequately
covering TVCN's costs and expenses along with allowing TVCN
develop other wireless cable TV markets in the United States and
explore other business opportunities domestically and
internationally.

     Currently, TVCN has $1,156,211 in long term debt which is
primarily for the purchase the Basic Trade Area rights purchased
during the FCC BTA Auction, and for equipment purchases.

     TVCN's current assets and liabilities are $1,800,698 and
$941,688, respectively.  TVCN's cash position is such that
management anticipates no difficulty in its ability to meet its
current obligations.  TVCN currently has investments of $69,182
in government securities.

  Accounts Receivable and Payable

     In connection with the sale of the Detroit system, all
payments and notes underlying the sale have been paid to TVCN.
Thus the slight decrease in notes receivable as of June 30, 2000
is due to the further reduction of note payments.

     The decrease in assets is due primarily to the sale of
certain assets in the previous fiscal year and the decrease in
liabilities is the result of the sale those same assets.

  Advance from Stockholders

     The president of TVCN advanced loans to the Company in its
early years.  As of September 30, 2000, the outstanding balance
remaining due and owing to him on account of these loans totaled
$58,877.

Mr. Duwaik bought 81,200 shares from the open market in May,
June, July and August, 2000. The cost of these transactions was
paid by TVCN and totaled $138,700.00. The Company paid this amount
to reduce the balance of the funds owed to him. These transactions
are reported by Mr. Duwaik to the Securities and Exchange
Commission on Forms 4 at the conclusion of each month in which the
trades were executed.

   Income Taxes

	Management believes that it has available tax planning
strategies to enable it to take advantage of its Net Operating
Loss carry-forwards. (see: TVCN's March 31, 2000, Amended Form 10-
KSB, filed October 27, 2000, at Item 6. Management's Discussion
and Analysis at "Business Development Stratgies.")  If TVCN is
able to sell its wireless cable stations and licenses and its
rights and interests in its Basic Trading Areas, then TVCN could
apply its Net Operating Loss carry-forwards against income
realized from such sales.  Management has held discussions and
negotiations with a variety of companies interested in these
assets. However, no agreements or contracts have been received
from any potential purchaser and none have been drafted on behalf
of TVCN.  As a result, there can be no assurance that we will
succeed in selling any of our wireless cable assets.  TVCN can
only benefit from these deferred tax assets by applying them to
offset income. All of the Net operating Loss carry-forwards will
have expired in 2014.

 PART II.     OTHER INFORMATION

   ITEM 1.      Legal Proceedings

      In connection with its past investment in mining
operations, TVCN filed a law suit against Ray Naylor, et al.  The
case is still pending.  Other than said case, and except as noted
under the heading Frederick Case Settlement, as detailed in
TVCN's 2000 Form 10-KSB, as amended, for the period ended March
31, 2000 TVCN knows of no material litigation pending, threatened
or contemplated, or unsatisfied judgment against it, or any
proceedings in which TVCN is a party.  TVCN knows of no material
legal actions pending or threatened or judgments entered against
any officers or directors of TVCN in their capacity as such in
connection with any matter involving TVCN or the business.

   ITEM 2.     Changes in Securities

There have been no changes in TVCN's securities
since January 4, 2000.

   ITEM 3.     Default Upon Senior Securities

               None.

   ITEM 4.     Submission of Matters to a Vote of Security
               Holders

               None.

   ITEM 5.     Other Information.
               None.

   ITEM 6.     Exhibits and Reports on Form 8-K.

Exhibits (previously filed with the Commission and incorporated
by this reference)

Exhibits

3.1.1 Copy of Certificate of Incorporation of the corporation
(incorporated by reference to the Exhibits filed with the
Registration Statement dated September 28, 1987, File No. 33-
16113-D).

3.1.2 Copy of Amendment No. 1 to the Certificate of Incorporation
(incorporated by reference to the 10 KSB for the period ended
March 31, 1989, File No. 33-16113-D.)

3.1.3 Copy of Amendment No. 2 to the certificate of Incorporation
(incorporated by reference to the 10 KSB for the period ended
March 31, 1995. File No. 0-18612)

3.2	Copy of By Laws of the corporation (incorporated by
reference to the Exhibits filed with the Registration Statement
dated September 28, 1987, file No. 33-16113-D)

10. Material Contracts.

10.1 Memorandum of Understanding dated December 17, 1997 between
The National Gas Company of Trinidad and Tobago Limited and Reema
International Corp. (incorporated by reference to the Exhibits
filed with the Form 10-K-SB Amendment No. 2 for the period ended
March 31, 1999. (File No. 0-18612)(This document was filed January
7, 2000)).

10.2 Acquisition Agreement dated May 18, 1999 between BeWell Net
Corporation ("Buyer") and TV Communications Network, Inc./Planet
Internet Corporation ("Seller"). (incorporated by reference from
the Form 10-KSB Amendment No. 1 for Fiscal Year ended March 31,
1999 filed, on October 12, 1999. File No. 0-18612).

10.3.i   April 18, 2000 letter of Agreement among First National
Group and Reema Int'l Corp. outlining terms pursuant to which
First National will broker transaction procuring financing for GTL
plant. (incorporated by reference to the Form 10-KSB Amendment No.
1 for Fiscal Year ended March 31, 2000 filed, on October 26, 2000.
File No. 0-18612).


10.3.ii  May 8, 2000 non-binding letter of commitment to provide
$150,000,000 in financing by Morgan Weinstein & Co., Ltd. to Reema
International, Corp.

10.3.iii July 13, 2000 amended non-binding commitment raising
finding proposal from $150,000,000 to $300,00,000 among Morgan
Weinstein & Co., Ltd. and Reema Int'l Corp.

10.3.iv  July 28, 2000 non-binding commitment confirmation from
Morgan Weinstein & Co., Ltd. to Reema Int'l Corp.

21. Subsidiaries of the Registrant. (incorporated by reference
from the Form 10-KSB Amendment No. 1 for Fiscal Year ended March
31, 1999 filed, on October 12, 1999. File No. 0-18612).

99.	Additional Exhibits
99.1(P) Copy of a report by Houlihan Valuation Advisors titled
"Valuation of a 10,000,000 Shares Block of Restricted Common Stock
of TV Communications Network, Inc. as of March 25, 1998."
(incorporated by reference to the exhibits filed with the Form
10KSB Amendment No. 2 for the period ended March 31, 1999. (File
No. 0-18612) This document was filed on January 7, 2000).

Reports filed on Forms 8-K (previously filed with the Commission
and incorporated by this reference).

Form 8-K filed September 1, 2000, (Item 5).


                       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.

              TV COMMUNICATIONS NETWORK, INC. ("TVCN")



OMAR A. DUWAIK
Omar A. Duwaik, President,
CEO & Director

Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following
persons on behalf of the Registrant and in the capacities and
on the date indicated:

OMAR A. DUWAIK                  KENNETH D. ROZNOY
Omar A. Duwaik, President,         Kenneth D. Roznoy,
CEO & Director                     Vice President & Director

JACKIE PORTER
Jackie Porter
Controller

Date:  January 11, 2001
                                       13