<PAGE>
             U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                           FORM 10-QSB

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

         For the quarterly period ended August 31, 2000

                     Commission File Number:

               Vacation Ownership Marketing, Inc.
----------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)

            Florida
 ----------------------------    -------------------------------
(State of other jurisdiction of  (IRS Employer Identification No.)
incorporation or organization)

                 2525 Fifteenth Street, Suite 3H
                     Denver, Colorado  80211
   ----------------------------------------------------------
   (Address of principal executive offices including zip code)

                         (303) 480-5037
                   --------------------------
                   (Issuer's telephone number)

Check  whether  the issuer (1) filed all reports required  to  be
filed  by  Section  13 or 15(d) of 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___

As  of  August 31, 2000, the Registrant had 15,000,000 shares  of
common stock, no par value per share, outstanding.

   Transitional Small Business Disclosure Format (check one):

                          Yes __    No X





REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

The Board of Directors
Vacation Ownership Marketing, Inc.
Denver, Colorado 80211

We  have  reviewed the accompanying consolidated  balance
sheet  of Vacation Ownership Marketing, Inc. as of August
11,  2000,  and  the related consolidated  statements  of
income and cash flows for the three months then ended, in
accordance  with Statements of Standards  for  Accounting
and  Review Services issued by the American Institute  of
Certified Public Accountants. All information included in
these  financial statements is the representation of  the
management of Vacation Ownership Marketing, Inc.

A   review   of  interim  financial  statements  consists
principally of inquiries of Company personnel responsible
for  financial matters and analytical procedures  applied
to financial data. It is substantially less in scope than
an  audit conducted in accordance with generally accepted
auditing  standards,  the  objective  of  which  is   the
expression   of   an  opinion  regarding  the   financial
statements  taken  as  a whole. Accordingly,  we  do  not
express such an opinion.

Based  on  our  review, we are not aware of any  material
modifications  that  should be made to  the  accompanying
financial  statements  in  order  for  them  to   be   in
conformity with generally accepted accounting principles.

                                   /s/Miller and McCollom
                                   Certified Public
                                   Accountants
                                   7400 West 14th Avenue,
                                   Suite 10
                                   Lakewood, CO 80215

October 10, 2000





                              INDEX

                                                             PAGE
                                                           NUMBER

Part I.  Financial Information

Item I.  Financial Statements

Balance Sheets as of August 31, 2000
and May 31, 2000                                                3

Statement of Operations, Three Months
Ended August 31, 2000 and 1999                                  4

Statement of Cash Flows, Three Months
Ended August 31, 2000 and 1999                                  5

Notes to Financial Statements                                   6

Item 2.  Management's Discussion and Analysis of
Financial Conditions and Results of
Operations                                                      7

Part II.  Other Information                                     9






                                2

               Vacation Ownership Marketing, Inc.

                         BALANCE SHEETS
                           (Unaudited)

                             ASSETS

                                        August 31          May 31
                                             2000            1999
                                     ------------     -----------

Current Assets
Cash and cash equivalents             $    10,000      $   10,000
Prepaid expenses                                -          91,205
                                      -----------      ----------

Total Assets                          $    10,000      $  101,205

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities                   $     8,941      $      784
                                      -----------      ----------
Total Liabilities                           8,941             784
                                      -----------      ----------

Stockholders' Equity:
Common Stock, $.01 par value,
15,000,000 shares authorized
15,000,000 shares issued and
outstanding                               150,000         150,000
Additional paid-in capital              2,017,488       2,017,488
Accumulated (deficit)                 (2,166,429)     (2,067,067)
                                      -----------      ----------
Total Stockholders' Equity                  1,059         100,421
                                      -----------      ----------

Total Liabilities and                 $    10,000      $  101,205
Stockholders' Equity









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

                                3

               Vacation Ownership Marketing, Inc.

                     STATEMENT OF OPERATIONS
                           (Unaudited)

                                          Three Months Ended
                                       August 31,      August 31,
                                             2000            1999


Revenues                              $         -     $         -
                                      -----------     -----------

Expenses:
Professional fees                          91,205               -
Accounting and audit fees                   7,657
Administrative and other                        -             500
                                      -----------     -----------
Total Expenses                             99,362               -
                                      -----------     -----------

Net (Loss)                           $   (99,362)     $         -
                                      -----------     -----------

Per Share                            $      (.01)     $       nil

Weighted Average Number
of Shares Outstanding                  15,000,000      15,000,000












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

                                    4


               Vacation Ownership Marketing, Inc.

                     STATEMENT OF CASH FLOWS
                           (Unaudited)

                                          Three Months Ended
                                      August 31,       August 31,
                                            2000             1999


Cash Flows from Operating
Activities:
Net (loss)                                     $      $         -
                                        (99,362)
Decrease in prepaid expenses              91,205
Increase in accounts payable                   -            8,157
                                      ----------      -----------

Net Cash Provided By Operating                 -                -
Activities
                                      ----------      -----------

Cash Flows from Investing
Activities:
                                      ----------      -----------

Net Cash (Used in) Investing                   -                -
Activities
                                      ----------      -----------

Cash Flows from Financing
Activities:
                                      ----------      -----------

Net Cash Provided by Financing                 -                -
Activities
                                      ----------      -----------

Increase in Cash                               -                -

Cash, Beginning of Period                 10,000                -
                                      ----------      -----------

Cash, End of Period                   $   10,000      $         -
Interest Paid                         $        -      $         -

Income Taxes Paid                     $        -      $         -









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

                                5



               Vacation Ownership Marketing, Inc.

                  NOTES TO FINANCIAL STATEMENTS
                   August 31, 2000 (Unaudited)


(1)   Condensed Financial Statements

The  financial statements included herein have been  prepared  by
Vacation Ownership Marketing, Inc. without audit, pursuant to the
rules  and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in
the  financial  statements prepared in accordance with  generally
accepted accounting principles have been condensed or omitted  as
allowed  by  such  rules and regulations, and Vacation  Ownership
Marketing,  Inc.  believes that the disclosures are  adequate  to
make  the  information presented not misleading.  It is suggested
that  these financial statements be read in conjunction with  the
May  31,  2000  audited financial statements and the accompanying
notes thereto.  While management believes the procedures followed
in  preparing  these  financial statements  are  reasonable,  the
accuracy of the amounts are in some respect's dependent upon  the
facts  that  will exist, and procedures that will be accomplished
by Vacation Ownership Marketing, Inc. later in the year.

The  management  of Vacation Ownership Marketing,  Inc.  believes
that  the  accompanying unaudited condensed financial  statements
contain  all adjustments (including normal recurring adjustments)
necessary to present fairly the operations and cash flows for the
periods presented.

(2)  Start-up Costs

The  Company adopted Statement of Position No. 98-5 ("SOP 98-5"),
"Reporting the Costs of Start-Up Activities."  SOP 98-5  requires
that  all  non-governmental entities expense the cost of start-up
activities,  including organizational costs as  those  costs  are
incurred.  Prepaid costs of $91,205 at May 31, 2000 were incurred
and expensed during the quarter ended August 31, 2000.




                             6


                             ITEM 2

        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
               CONDITION AND RESULTS OF OPERATIONS


Vacation  Ownership Marketing, Inc. ("Company") was  incorporated
in  Delaware as Magness Communications Corp. in 1969 and  changed
its  name to its present name in 1980.  Coinciding with the  name
change  the  Company changed its business to the development  and
marketing  of  time-shared condominiums which it continued  until
1983.   During  that  year,  the  Company  experienced  financial
difficulties  and encountered adverse litigation.  The  Company's
charter  expired until May 7, 2000, when a certificate of renewal
was  issued.  It is management's plan to start a new business  or
seek a business combination.

The Company generated no revenues during the quarter ended August
31,  2000, and management does not anticipate any revenues  until
following the conclusion of a merger or acquisition, if  any,  as
contemplated by the Company's business plan.

The  Company's  capital  is  limited.   The  Company  anticipates
operational  costs will be limited until such time as significant
evaluation  work is undertaken regarding prospective  mergers  or
acquisitions.

At  August 31, 2000, the Company had no material commitments  for
capital expenditures.







                                7




                   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

         None.

Item 5.  Other Information

         None.

Item 6.  Exhibits and Reports on Form 8-K

         None.







                               -8-




                           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.


               Vacation Ownership Marketing, Inc.



Date: _____________

By:/s/ Peter Porath
Peter Porath, President














                               -9-




                          EXHIBIT INDEX


EXHIBIT                          METHOD OF FILING
-----------------------------    -----------------------------
27.   FINANCIAL DATA SCHEDULE    Filed herewith electronically