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 February 28, 2001

                       Commission File Number: 0-9879

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

        Florida                                     13-2648442
----------------------------                ---------------------------------
(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 February 28, 2001, the Registrant had 15,000,000 shares of common stock,
$.01 par value per share, outstanding.

Transitional Small Business Disclosure Format (check one): Yes__    No X


<PAGE>
                                   INDEX


                                                         Page #

Number

Part I.   Financial Information

     Item I.   Financial Statements

               Review Report of Independent Certified
                 Public Accountant                          3

               Balance Sheets as of February 28, 2001
                 and May 31, 2000                           4

               Statements of Operations, Three Months
                 Ended February 28, 2001 and 1999           5

               Statements of Operations, Nine Months
                 Ended February 28, 2001 and 1999           6

               Statements of Cash Flows, Nine Months
                 Ended February 28, 2001 and 1999           7

               Notes to Financial Statements                8

     Item 2.   Management's Discussion and Analysis of
                 Financial Conditions and Results of
                 Operations                                 9

Part II.  Other Information                                 10




















                                      2
<PAGE>
       REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT



The Board of Directors
Vacation Ownership Marketing, Inc.
(A Development Stage Company)
Denver, CO   80211

We have reviewed the accompanying balance sheet of Vacation
Ownership Marketing, Inc. (A Development Stage Company) as of
February 28, 2001, and the related statements of operations and
cash flows for the three months and nine months then ended, in
accordance with Statements on 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 Development Stage Company).

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.





                              Miller and McCollom
                              Certified Public Accountants
                              7400 W. 14th Avenue
                              Lakewood, Colorado   80215
April 18, 2001










                              3
<PAGE>
                     Vacation Ownership Marketing, Inc.
                        (A Development Stage Company)

                              BALANCE SHEETS
                               (Unaudited)
<TABLE>
<CAPTION>
                                 ASSETS

                                              February 28        May 31
                                                  2001            2000
                                              ------------     -----------
<S>                                         <C>               <C>
Current Assets
 Cash and cash equivalents                    $       281      $   10,000
 Prepaid expenses                                       -          91,205
                                              -----------      ----------
  Total Assets                                $       281      $  101,205
                                              ===========      ==========

<CAPTION>

                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
<S>                                          <C>              <C>
Current Liabilities                           $     4,255      $      784
                                              -----------      ----------
 Total Liabilities                                  4,255             784
                                              -----------      ----------

Stockholders' Equity (Deficit):
 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                      2,026,926       2,017,488
Accumulated (deficit)                          (2,180,900)     (2,067,067)
                                              -----------      ----------
Total Stockholders' Equity (Deficit)               (3,974)        100,421
                                              -----------      ----------

Total Liabilities and Stockholders' Equity
 (Deficit)                                    $       281      $  101,205
                                              ===========      ==========








</TABLE>

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

                                     4
<PAGE>
                      Vacation Ownership Marketing, Inc.
                        (A Development Stage Company)

                           STATEMENTS OF OPERATIONS
                                (Unaudited)
<TABLE>
<CAPTION>
                                                             For the period
                                                            from May 7, 2000
                                                            (date of renewal
                                                              of corporate
                                   Three Months Ended        charter) through
                               February 28, February 28,       February 28,
                                   2001          2000              2001

<S>                           <C>           <C>              <C>
Revenues                       $         -   $         -      $           -
                               -----------   -----------      -------------

Expenses:
  Professional fees                    168             -             91,373
  Accounting and audit fees            450                            8,678
  Stock issued for services          9,438             -              9,438
  Stock transfer fees                3,062             -              3,937
  Administrative and other              27             -                407
                               -----------   -----------      -------------
   Total Expenses                   13,145             -            113,833
                               -----------   -----------      -------------

Net (Loss)                     $   (13,145)  $         -      $    (113,833)
                               -----------   -----------      -------------

Per Share                      $       nil  $       nil                 nil
                               ===========   ===========      =============

Weighted Average Number
 of Shares Outstanding          15,000,000     5,879,502         15,000,000
                               ===========   ===========      =============














</TABLE>
The accompanying notes are an integral part of the financial statements.

                                    5
<PAGE>
                      Vacation Ownership Marketing, Inc.
                        (A Development Stage Company)

                           STATEMENTS OF OPERATIONS
                                (Unaudited)
<TABLE>
<CAPTION>
                                                            For the period
                                                           from May 7, 2000
                                                           (date of renewal
                                                              of corporate
                                   Nine Months Ended        charter) through
                               February 28, February 28,       February 28,
                                   2001          2000             2001

<S>                           <C>           <C>              <C>
Revenues                       $         -   $         -      $           -
                               -----------   -----------      -------------

Expenses:
  Professional fees                 91,373             -             91,373
  Accounting and audit fees          8,678                            8,678
  Stock issued for services          9,438             -              9,438
  Stock transfer fees                3,937             -              3,937
  Administrative and other             407             -                407
                               -----------   -----------      -------------
   Total Expenses                  113,833             -            113,833
                               -----------   -----------      -------------

Net (Loss)                     $  (113,833)  $         -      $    (113,833)
                               -----------   -----------      -------------

Per Share                      $       nil  $       nil                 nil
                               ===========   ===========      =============

Weighted Average Number
 of Shares Outstanding          15,000,000     5,879,502         15,000,000
                               ===========   ===========      =============













</TABLE>
The accompanying notes are an integral part of the financial statements.

                                    6
<PAGE>
                       Vacation Ownership Marketing, Inc.
                          (A Development Stage Company)

                           STATEMENTS OF CASH FLOWS
                                (Unaudited)
<TABLE>
<CAPTION>
                                                              For the period
                                                             from May 7, 2000
                                                             (date of renewal
                                                                of corporate
                                     Nine Months Ended       charter) through
                                  February 28, February 28,     February 28,
                                      2001          2000            2001
<S>                               <C>           <C>             <C>
Cash Flows from Operating
 Activities:
  Net (loss)                       $ (113,833)   $         -     $  (113,833)
  Adjustment to reconcile net
   (loss) to net cash provided
   by operating activities:
    Stock issued for services           9,438              -           9,438
    Decrease in prepaid expenses       91,205              -          91,205
    Increase in accounts
     payable                            3,471              -           3,471
                                   ----------    -----------     -----------
Net Cash Provided By Operating
 Activities                            (9,719)             -          (9,719)
                                   ----------    -----------     -----------
Cash Flows from Investing
 Activities:
                                   ----------    -----------     -----------
Net Cash (Used in) Investing
 Activities                                 -              -               -
                                   ----------     ----------     -----------
Cash Flows from Financing
 Activities:
                                   ----------     ----------     -----------
Net Cash Provided by Financing
 Activities                                 -              -
                                   ----------     ----------     -----------

(Decrease) in Cash                     (9,719)             -          (9,719)

Cash, Beginning of Period              10,000              -          10,000
                                   ----------     ----------     -----------
Cash, End of Period                $      281     $        -     $       281
                                   ==========     ==========     ===========
Interest Paid                      $        -     $        -     $         -
                                   ==========     ==========     ===========
Income Taxes Paid                  $        -     $        -     $         -
                                   ==========     ==========     ===========
</TABLE>
The accompanying notes are an integral part of the financial statements.

                                      7
<PAGE>
                      Vacation Ownership Marketing, Inc.
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                        February 28, 2001 (Unaudited)


(1)   Condensed Financial Statements

The financial statements included herein have been prepared by Vacation
Ownership Marketing, Inc. (A Development Stage Company) 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. (A Development Stage
Company) 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. (A Development Stage Company) later in the year.

The management of Vacation Ownership Marketing, Inc. (A Development Stage
Company) 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.

(3)  Common Stock

During the quarter ended February 28, 2001, the Company issued 943,850 shares
of its stock to various individuals, principally related parties, in exchange
for services.











                                    8
<PAGE>

                                   ITEM 2

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


Vacation Ownership Marketing, Inc. (A Development Stage Company) ("Company")
was incorporated in Delaware as Magnum 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 February 28, 2001,
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 February 28, 2001, the Company had no material commitments for capital
expenditures.


























                                    9
<PAGE>


                         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.



























                                      10

<PAGE>
                                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.


(Registrant)                       Vacation Ownership Marketing, Inc.
                                   (A Development Stage Company)


BY(Signature)                         /s/Peter Porath
(Date)                                April 27, 2001
(Name and Title)                      Peter Porath, President