U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-QSB



(Mark One)



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

For
the quarterly period ended May 31, 2003



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

For the transition period from ____________________to________________





TAMARAK, INC.

(Exact name of small business issuer as specified in its charter)



Nevada

(State or other jurisdiction of Incorporation or organization)



95-4790148

(IRS
Employer Identification No.)



7311 Van Nuys Boulevard, Suite 2, Van Nuys, CA 91405

(Address of Principal executive offices)



(818) 780-2890

(Issuer's telephone number, including area code)





Check whether the issuer (1) filed
all reports required to be filed by Section 13 or 15 (d) of the Exchange Act
during the past 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 _____

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the latest practicable date:

21,612,000 shares as of May 31, 2003.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This discussion in this quarterly report regarding
Tamarak, Inc. and our business and operations contains "forward-looking statements."
These forward-looking statements use words such as "believes," "intends,"
"expects," "may," "will," "should," "plan," "projected," "contemplates,"
"anticipates," or similar statements.  These statements are based on our beliefs,
as well as assumptions we have used based upon information currently available
to us.  Because these statements reflect our current views concerning future
events, these statements involve risks, uncertainties and assumptions.  Actual
future results may differ significantly from the results discussed in the forward-looking statements.  A reader, whether investing in our common stock or not,
should not place undue reliance on these forward-looking statements, which
apply only as of the date of this report.

When used in this Quarterly Report on Form 10-QSB, "Tamarak," "we," "our,"
and "us" refers to Tamarak, Inc., a Nevada corporation.

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INDEX

Part I.     Financial Information





Item 1.  Financial Information



Accountants' review report

> Balance Sheets at May 31, 2003 (unaudited)

> Statements of Operations (unaudited) for the three months ended
> May 31, 2002 and 2003 and from the period from March 16, 2000 (Date of
> Inception) to May 31, 2003

> Statements of Change in Stockholders’ Deficit (unaudited)
>   for the period from March 16, 2000 (Date of Inception) to May 31, 2003
>   
>   Statements of Cash Flows (unaudited) for the three months ended
>   May 31, 2002 and 2003 and for the period from March 16, 2000 (Date of
>   Inception) to May 31, 2003

> Notes to Consolidated Financial Statements (unaudited)

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

Item 3. Controls and Procedures





Part II.     Other Information



Item 1.     Legal Proceedings

Item 2.     Changes in Securities and Use of Proceeds

Item 3.     Defaults upon Senior Securities

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

Item 5.     Other Information

Item 6.     Exhibits and Reports on Form 8-K



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Part I.     Financial Information



Item 1.  Financial Information



TAMARAK, INC





March 16, 2000 To November 30, 2002





CONTENTS













|                                       | Page
|-------------------------------------- | ----
|                                       |     
|Accountants' review report             | 1   
|                                       |     
|Financial Statements:                  |     
|                                       |     
|Balance Sheet                          | 2   
|                                       |     
|Statement of operations                | 3   
|                                       |     
|Statement of cash
    flows            | 4   
|                                       |     
|Statement of
    stockholders' deficit | 5   
|                                       |     
|Notes to Financial Statements          | 6-9 



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INDEPENDENT ACCOUNTANT'S REVIEW REPORT



To the Board of Directors and Stockholders of

Tamarak, Inc. (A Company in the Development Stage)



We have reviewed the accompanying balance sheet of Tamarak, Inc.
(referred to herein as the "Company") (a Company in the development stage) as of
May 31, 2003, and the related statement of operations and cash flows for the
three-month periods ended May 31, 2003 and 2002, the statement of stockholders'
deficit for the period ending May 31, 2003 as well as the
cumulative statements from inception (March 16, 2000) to May 31, 2003.
These financial statements are the responsibility of the Company's management.



We conducted our reviews in accordance with standards established
by the American Institute of Certified Public Accountants.  A review of
interim financial information consists principally of applying analytical
procedures to financial data, and making inquiries of persons responsible for
financial and accounting matters. It is substantially less in scope than an
audit conducted in accordance with generally accepted accounting standards,
which will be performed for the full year with the objective of expressing an
opinion regarding the financial statements taken as a whole.  Accordingly,
we do not express such an opinion.



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





DONALD V. EDWARDS, CPA



Los Angeles, California



July 20, 2003

Page 1

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|TAMARAK, INC.                                  
|-----------------------------------------------
|(A Development Stage Company)                  
|Balance Sheets                                 
|May 31, 2003                                   
|ASSETS                                         
|Current Asset                                  
|                                               
|Property, plant and equipment (Note 2)         
|Office
      furniture and equipment           
|Accumulated depreciation                       
|                                               
|Total Property, plant and
      equipment      
|                                               
|                                               
|                                               
|                                               
|LIABILITIES AND STOCKHOLDERS DEFICIT           
|Current Liabilities                            
|                                               
|                                               
|                                               
|                                               
|                                               
|STOCKHOLDERS DEFICIT (Note 6)                  
|                                               
|                                               
|                                               
|                                               
|                                               
|                                               
|                                               
|                                               
|                                               
|See accompanying notes and accountants' report.

Page 2

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|TAMARAK, INC.                                                  
|---------------------------------------------------------------
|(A Development Stage Company)                                  
|Statements of Operations                                       
|Quarters ended May 31, 2002 and 2003, and the
      Period From
|March 16, 2000 (Date of Inception) to May 31, 2003             
|(Unaudited)                                                    
|                                                               
|                                                               
|                                                               
|                                                               
|Costs and Expenses:                                            
|Administration                                                 
|Auto Expense                                                   
|Bank Charges                                                   
|Cable & Web Services                                           
|Depreciation                                                   
|Document Fees                                                  
|Dues & Subscriptions                                           
|Entertainment                                                  
|Insurance                                                      
|Legal Fees                                                     
|Office Expense                                                 
|Postage                                                        
|Printing                                                       
|Rent                                                           
|Repairs                                                        
|State Filing Fees                                              
|Telephone                                                      
|Transfer Agent                                                 
|Wardrobe                                                       
|                                                               
|                                                               
|                                                               
|Earnings per share:                                            
|                                                               
|Basic:                                                         
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               
|                                                               

See accompanying notes and accountants' report.

Page 3

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|TAMARAK, INC.                                                 
|--------------------------------------------------------------
|(A Development
  Stage Company)                               
|Statements of Cash
  Flows                                    
|Quarters Ended May 31, 2002 and 2003 and the                  
|Period from March 16, 2000 (Date of Inception) to May 31, 2003

|                                                                                | For the period
    from March 1, 2003 through May 31, 2003 | For the period
    from March 1, 2002 to May 31, 2002 | Period from
    Inception (March 16, 2000) to May 31, 2003
|------------------------------------------------------------------------------- | ---------------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------------
|                                                                                |                                                            |                                                       |                                                           
|Cash flows from operating activities:                                           |                                                            |                                                       |                                                           
|Net Loss                                                                        | $(21)                                                      | $(32,765)                                             | $(104,929)                                                
|Adjustments to reconcile net loss to net
    cash used by operating activities: |                                                            |                                                       |                                                           
|Depreciation                                                                    | 21                                                         | 21                                                    | 193                                                       
|Increase in other assets                                                        | -                                                          | -                                                     | (6,610)                                                   
|Decrease in other assets                                                        | -                                                          | -                                                     | 6,609                                                     
|                                                                                |                                                            |                                                       |                                                           
|Net cash
    used in Operating Activities                                       | $0                                                         | $(32,765)                                             | $(104,737)                                                
|                                                                                |                                                            |                                                       |                                                           
|Cash flows from investing activities:                                           |                                                            |                                                       |                                                           
|Purchase of
    equipment                                                       | -                                                          | -                                                     | (448)                                                     
|                                                                                |                                                            |                                                       |                                                           
|Net Cash Used in Investing Activities                                           | -                                                          | -                                                     | (448)                                                     
|                                                                                |                                                            |                                                       |                                                           
|Cash flows from financing activities:                                           |                                                            |                                                       |                                                           
|Proceeds from officer loan                                                      | -                                                          | 100                                                   | 19,723                                                    
|Contribution of capital                                                         | -                                                          | 56,870                                                | 86,107                                                    
|                                                                                |                                                            |                                                       |                                                           
|Net Cash Provided by Financing
    Activities                                   | -                                                          | $56,970                                               | $105,830                                                  
|                                                                                |                                                            |                                                       |                                                           
|Net increase in Cash                                                            | -                                                          | $24,226                                               | -                                                         
|Cash, beginning of period                                                       | $645                                                       | $5,822                                                | 645                                                       
|Cash, end of period                                                             | $645                                                       | $30,048                                               | $645                                                      
|                                                                                |                                                            |                                                       |                                                           

See accompanying notes and accountants' report.

Page 4

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|TAMARAK, INC.                                                       
|--------------------------------------------------------------------
|(A Development Stage Company)                                       
|Statements of Changes in Stockholders' Deficit                      
|Period from March 16, 2000
  (Date of Inception) to November 30 2002

|                                                                                     |              |                    |              |                          | Deficit                   
|------------------------------------------------------------------------------------ | ------------ | ------------------ | ------------ | ------------------------ | --------------------------
|                                                                                     | Common Stock |                    |              | Accumulated              |                           
|                                                                                     | Shares       | Value Per Share(1) | Common Stock | AdditionalPaid-InCapital | During theDevelopmentStage
|                                                                                     |              |                    |              |                          |                           
|Issuance of share
  capital to founders of Tamarak, Inc. for cash on  March 16, 2000 | 20,000,000   | $0.001             | $20,000      | $2,986                   | $              ---        
|                                                                                     |              |                    |              |                          |                           
|Net loss for the
  period ending February 28, 2001                                   | -            | -                  | -            | -                        | (15,930)                  
|                                                                                     |              |                    |              |                          |                           
|Balances at February
  28, 2001                                                      | 20,000,000   | 0.001              | 20,000       | 2,986                    | (15,930)                  
|                                                                                     |              |                    |              |                          |                           
|Net loss for the
  period ending February 28, 2002                                   | -            | -                  | -            | -                        | (26,748)                  
|                                                                                     |              |                    |              |                          |                           
|Balances at February
  28, 2002                                                      | 20,000,000   | 0.001              | 20,000       | 2,986                    | (42,678)                  
|                                                                                     |              |                    |              |                          |                           
|Issuance of share
  capital for cash on March 1, 2002                                | 1,612,000    | 0.04               | 1,612        | 61,508                   | -                         
|                                                                                     |              |                    |              |                          |                           
|Net loss for the
  period ending      May 31, 2002                                   | -            | -                  | -            | -                        | (32,765)                  
|                                                                                     |              |                    |              |                          |                           
|Balances at May 31,
  2002                                                           | 21,612,000   | 0.004              | 21,612       | 64,494                   | (75,443)                  
|                                                                                     |              |                    |              |                          |                           
|Net loss for the
  period ending
  August 31, 2002                                   | -            | -                  | -            | -                        | (10,754)                  
|                                                                                     |              |                    |              |                          |                           
|Balances at August 31, 2002                                                          | 21,612,000   | 0.004              | 21,612       | 64,494                   | (86,197)                  
|                                                                                     |              |                    |              |                          |                           
|Net loss for the
  period ending
  November 30, 2002                                 | -            | -                  | -            | -                        | (7,165)                   
|                                                                                     |              |                    |              |                          |                           
|Balances at November 30, 2002                                                        | 21,612,000   | 0.004              | 21,612       | 64,494                   | (93,362)                  
|                                                                                     |              |                    |              |                          |                           
|Net loss for the period ending February 28, 2003                                     | -            | -                  | -            | -                        | (11,546)                  
|                                                                                     |              |                    |              |                          |                           
|Balances at February 28, 2003                                                        | 21,612,000   | 0.004              | 21,612       | 64,494                   | (104,908)                 
|                                                                                     |              |                    |              |                          |                           
|Net loss for the period ending May 31, 2003                                          | -            | -                  | -            | -                        | (21)                      
|                                                                                     |              |                    |              |                          |                           
|Balances at May 31, 2003                                                             | 21,612,000   | 0.004              | 21,612       | 64,494                   | (104,929)                 
|                                                                                     |              |                    |              |                          |                           

(1):  This value is rounded to the nearest
thousandth.

Net loss for the period ending May 31, 2003

Page 5

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TAMARAK, INC.

(A
Development Stage Company)

Notes to Financial Statements

For
the period from March 16, 2000 to November 30, 2002

(UNAUDITED)

1.    DEVELOPMENT STAGE COMPANY











Tamarak Inc., a development stage company that incorporated on March 16, 2000,
is engaged in the development of theatrical and television films.  The Company
has no significant revenues from its principle operations.  The Company is
currently engaged in acquiring the necessary financing for the production of major
motion pictures and a network television mini-series.















2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

















Use of Estimates







The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosures of
contingencies at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period.  Actual results could differ
from those estimates.







Cash







The Company maintains its cash balances in two financial
institutions located in Los Angeles, California. The balances are insured by the
Federal Deposit Insurance Corporation up to $100,000. The Company has no cash
balances at risk as of May 31, 2003.







Property and Equipment







Property and equipment are stated at cost.  Depreciation is calculated using the
straight-line method for financial statement purposes over the estimated useful
lives of assets.  The estimated useful lives of the property and equipment is five
years.











Page 6

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3.    RELATED PARTY TRANSACTIONS













As of May 31, 2003, A.J. Leydton, President and CEO of Tamarak, Inc.,
had made a loan to the Company.  The loan is unsecured, non-interest bearing and
without a stated maturity date.













4.    SCRIPTS











The principal assets of the Company are four, major motion picture screenplays
originally written by A.J. Leydton and Frank Stewart.  They sold the scripts to
Aquila Communications, Inc. in 1992. Three of the scripts have been registered
with copyrights. The sales had stipulations that provided for the rights to revert
back to Mr. Leydton and Mr. Stewart if Aquila Communications failed to produce
the scripts within five years.  In 1997, these script rights reverted back to Mr.
Leydton and Mr. Stewart.  In March of 2000, the scripts were contributed to
Tamarak, Inc. for the purpose of producing them into full feature length movies.
While the scripts have no assigned value for GAAP (Topic 5G of the Staff
Accounting Bulletins (SAB 48)) purposes, the company intends to produce them
upon receipt of appropriate financing.







5.    JACQUELINE COCHRANE STORY











The principal members of management have been developing a mini-series
entitled the “Jacqueline Cochrane Story” for several years. While the mini-series
has no assigned value for GAAP (Topic 5G of the Staff Accounting Bulletins
(SAB 48)) purposes, the management believes the project remains viable and
production will commence once financing has been secured.













6.    EQUITY













The Company’s authorized capital stock consists of 50,000,000 shares of
Common Stock with a $.001 par value.  As of May 31, 2003, the Company
has outstanding 21,612,000 shares of its Common Stock.  Holders of the
Company’s Common Stock are entitled to receive dividends when declared by the
Board of Directors out of funds legally available for distribution.  Any such
dividends may be paid in cash, property or shares of the Company common stock.
No such dividends have been paid during the company’s operating history.  Of the
21,612,000 shares of common stock currently outstanding, 20,000,000 are
considered “restricted securities” as that term is defined under Rule 144
promulgated under the Securities Act of 1933, as amended, in that such shares
were issued and sold by the Company without registration, as private transactions
not involving a public offering.



Page 7



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7.    INCOME TAXES











The Company has incurred no income tax expenses since inception.
Presently, the Company has a $104,908 Tax Net Operating Loss Carry-Forward available
from its first two years of operation.  $15,930 of the Net Operating Loss was
generated during the operating period from March 16, 2000 to February 28, 2002
while $62,230 of the Carry-Forward was generated during the operating period
from March 1, 2002 to February 28, 2003.  The Carry-Forwards are available to
offset future income for a period of time not to exceed twenty years.













8.    LEASES











The Company currently rents office space in Van Nuys, California.  The monthly
rental payments are currently $500 per month.  The term of the lease is currently
month-to-month, as Tamarak, Inc., has an oral agreement to make monthly rental
payments for an indefinite period of time.



Page 8

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9.    COMMENCEMENT OF STOCK TRADING



In November, 2002, the Company's unrestricted common stock began trading on the
NASDAQ stock exchange with the ticker symbol "TAMK".  The company's
1,612,000 shares of unrestricted common stock are currently available for
trading on the NASDAQ.



10.    GOING CONCERN DISCUSSION



The company has been unable to acquire the appropriate financing
necessary to begin principal operations.  Simultaneously, the company has
diminished its working capital where it is doubtful that the Company will be
able to carryout further development stage activities.  Management is
currently trying to secure a line of credit with a financial institution in
order to satisfy the working capital needs for the next six months; however, no
line of credit is currently  available to the company.  While the
company's stock is currently trading on the NASDAQ, no equity investors have
surfaced to allow the company to continue is development stage activities. 
The current lack of access to working capital has put a substantial doubt about
the Company's ability to carryout further development stage activities.

11.    EARNINGS PER SHARE

The following table sets forth the computation of earnings per share and
earnings per - assuming dilution:

|                                                                                                          | March 1, 2003 to May 31, 2003 | March 1, 2002 to May 31, 2002 | March 16, 2000 to May 31, 2003
|--------------------------------------------------------------------------------------------------------- | ----------------------------- | ----------------------------- | ------------------------------
|Numerator:                                                                                                |                               |                               |                               
|Net
    income, earnings per share and earnings per share assuming dilution                               | $(21)                         | $(32,765)                     | $(104,929)                    
|Denominator:                                                                                              |                               |                               |                               
|Denominator for
    earnings per share -  weighted average shares outstanding                             | 21,612,000                    | 20,000,000                    | 20,628,570                    
|Effect of dilutive
    securities                                                                         | -                             | -                             | -                             
|Denominator for earnings per share - assuming dilution - adjusted weighted
    average shares outstanding | 21,612,000                    | 20,000,000                    | 20,628,570                    
|Earnings per share                                                                                        | $(0.01)                       | $(0.01)                       | $(0.01)                       
|Earnings per share - assuming
    dilution                                                                | $(0.01)                       | $(0.01)                       | $(0.01)                       



Page 9

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ITEM 2.

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

For the three months ended May 31, 2003
and 2002, we had no
revenues.

For its first
project, the Company plans to produce a mini-series based upon the life and
exploits of Jacqueline Cochran, a world-renowned aviatrix. Management believes
that the program will be aired on a major commercial television network,
bringing immediate recognition, visibility and credibility to the Company.
Concurrently, the Company has acquired four screenplays of different genres that
will appeal to a wide audience: 1. "System of Justice" (Suspense, murder
mystery); 2. "Duster" (Heartwarming personal drama combined with exciting
action); 3. "Deadly Innocence" (Contemporary intrigue about murder, greed, toxic
waste and insurance fraud); 4. "King of Diamonds" (Fast paced international
jewel caper). We are actively seeking additional financing to produce any one or
all of these projects.

If additional cash
is not raised, either through bank financing, sale of capital stock, or perhaps
a joint venture with funding resources, the Company can not achieve its goal of
producing the Jacqueline Cochran mini-series. The principals have no legal
obligation to advance further funds to the Company to satisfy its capital needs.

The production of
the aforementioned mini-series involves the renting of the necessary equipment
to facilitate the production process. We estimate the production will cost
approximately $3,000,000 for each hour of finished product plus $1,250,000 per
hour for the purchase of air time. The total production budget for the Cochran
series is $12,000,000, plus an additional $5,000,000 if air time is purchased
rather than joint ventured. If no funding commitments are received, sufficient
to cover all of these anticipated costs, production will not commence.

Assuming a funding
commitment, the Company plans to increase its manpower by hiring more employees
to help facilitate the production of the mini-series. This hiring depends on the
amount and timing of the funding necessary to get this project started. The
Company will make those decisions based on its financial capabilities.

The company does
not currently have any external sources of funding, although senior management,
identified in this document under "Item 5", is committed to working without pay
for at least one year.  Mr. Leydton, a creditor and President, has agreed that
his loans to the company will not be called unless the company receives
production funding. If production funding is never received, Mr. Leydton has
agreed to accept additional equity, at the Company's then-book-value price per
share, to extinguish his claims.

The Company began
trading on NASDAQ in November, 2002.  The trading symbol is "TAMK".

Item 3.   
Controls and Procedures.



The Company's Chief Executive Officer has concluded, based
on an evaluation conducted within 90 days prior to the filing date of this quarterly report on Form
10-QSB, that the Company's disclosure controls and procedures have functioned effectively so as
to provide those officers the information necessary whether:







(i) this quarterly report on Form 10-QSB contains any untrue statement of a material
fact or omits to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with
respect to the period covered by this quarterly report on Form 10-QSB, and







(ii) the financial statements, and other financial information included in this quarterly
report on Form 10-QSB, fairly present in all material respects the financial condition,
results of operations and cash flows of the Company as of, and for, the periods
presented in this quarterly report on Form 10-QSB.



There have been no significant changes in the Company's internal controls or in other factors
since the date of the Chief Executive Officer's and Chief Financial Officer's evaluation that could
significantly affect these internal controls, including any corrective actions with regards to significant
deficiencies and material weaknesses.





PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

None.

Item 2.   Changes in Securities and Use of  Proceeds

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

(a)  Exhibits

Exhibit 99.1 -
Certification pursuant to requirements of Rule 13a-14 of the Securities Exchange
Act of 1934



SIGNATURES



Tamarak, Inc.

(Registrant)



/s/ A.J. Leydton

A.J.
Leydton

CEO & Chairman

Dated: July 21, 2003

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Exhibit 99.1

|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, A.J. Leydton provides the following certification.
         I, A.J. Leydton, Chairman and Chief Executive Officer of Tamarak, Inc. ("Company"), certify that:
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                                   
|2.                                                                                                                                                                                                                                                                   
|3.                                                                                                                                                                                                                                                                   
|4.                                                                                                                                                                                                                                                                   
|5.                                                                                                                                                                                                                                                                   
|a.                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                     
|b.                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                     
|**6.**                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                     

|Date: July 21,
    2003 | /s/ A.J. Leydton             
|----------------------- | -----------------------------
|                        | A.J. Leydton,  CEO & Chairman
|                        |