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 June 30, 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>

                                                 <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 June 30, 2002

  No Exhibits included.


<PAGE>2

        KNICKERBOCKER CAPITAL CORPORATION
                  BALANCE SHEET
<TABLE>
<CAPTION>
                                   June 30   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)   (402,045)
                                  --------    --------
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>3

          KNICKERBOCKER CAPITAL CORPORATION
             STATEMENTS OF OPERATIONS
            For the 3 and 6 Months ended
<TABLE>
<CAPTION>
                                      3 Months June 30,      6 Months June 30,
                                     2002          2001     2002          2001
                                    -------------------    --------------------

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

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

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

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


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



<PAGE>4

         KNICKERBOCKER CAPITAL CORPORATION
              STATEMENTS OF CASH FLOWS
      For the 3 and 6 Months Ended, June 30
<TABLE>
<CAPTION>
                                       3 Months June 30,     6 Months June 30,
                                      2002          2001    2002          2001
                                    ---------------------   -------------------

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

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

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

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

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



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












<PAGE>5

KNICKERBOCKER CAPITAL CORPORATION
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
June 30, 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.

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



<PAGE>6


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.


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


Capital and Source of Liquidity.  Knickerbocker
has no assets and has $50,000 in liabilities.
Knickerbocker has no working capital

For the six months ended June 30, 2002 and 2001,
Knickerbocker did not pursue any investing
activities.

For the six months ended June 30, 2002 and 2001,
Animal Cloning did not pursue any financing
activities.

Results of Operations.  For the six months ended
June 30, 2002 and 2001, Animal Cloning has not
received any revenues from operations.  For the
six months ended June 30, 2002 and 2001, Animal
Cloning did not incur any material expenses.

Plan of Operation.   Animal Cloning is in the
development stage and has not conducted any
significant operations to date or received
operating revenues.  Animal Cloning can satisfy
cash requirements which mainly include the
preparation of financials and SEC filings in the

<PAGE>7

next twelve months with funds donated by Dempsey
Mork, an officer and director.   Mr. Mork has
orally agreed to continue donating the funds to
cover these items.

We do not expect to purchase any plant or
significant equipment.


        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:     September 9, 2002

By:   /s/ Dempsey K. Mork
---------------------------
Dempsey K. Mork
President and Chief
Executive Officer