U.S. 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 December 31, 2000

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

     For the transition period from        to

                 Commission File No. 2-93231-NY

                FASHION TECH INTERNATIONAL, INC.
(Exact name of small business issuer as specified in its charter)

            Nevada                          87-0395695
(State or Other Jurisdiction of           (IRS Employer
Incorporation or Organization)         Identification No.)

          1340 East 130 North, Springville, Utah 84663
            (Address of principal executive offices)

                         (801) 364-9262
                   (Issuer's telephone number)

                         Not Applicable
  (Former name, address and fiscal year, if changed since last
                             report)

Check  whether the issuer (1) has 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  issuer
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  ISSUERS INVOLVED IN BANKRUPTCY  PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports
required  to  be  filed by Sections 12,  13,  or  15(d)  of  the
Exchange Act subsequent to the distribution of securities  under
a plan confirmed by a court.  Yes  [   ]   No [    ]

APPLICABLE ONLY TO CORPORATE ISSUERS:
State  the number of shares outstanding of each of the  issuer's
classes of common equity, as of the latest practicable date:  at
December  31, 2001, there were 3,591,143 shares of common  stock
issued and outstanding.
<PAGE>

FORM 10-QSB
                FASHION TECH INTERNATIONAL, INC.

                              INDEX
                                                       Page
PART I.   Financial Information                           3

          Balance Sheets - December 31, 2000 and          3
          March 31, 2000

          Statements of Operations - Three and Nine       4
          Month Ended December 31, 2000 and 1999, and
          Beginning of Development Stage to
          December 31, 2000

          Statements of Cash Flows - Nine Months          5
          Ended December 31, 2000 and 1999, and
          Beginning of Development Stage to
          December 31, 2000

          Notes to Consolidated Financial Statements      6

          Management's Discussion and Analysis of         9
          Financial Condition and Results of
          Operations

PART II.  Other Information                              10

Signatures                                               10

                                2
<PAGE>

                             PART I.
                      Financial Information

                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

                    CONDENSED BALANCE SHEETS
                           [Unaudited]

                             ASSETS
                                          December 31,  March 31,
                                              2000          2000
                                          ___________  ___________
CURRENT ASSETS:
  Cash in bank                             $       42   $    4,218
                                          ___________  ___________
        Total Current Asset                        42        4,218
                                          ___________  ___________

                                           $       42   $    4,218
                                          ___________  ___________

         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
  Accounts payable                         $      650   $      163
  Accounts payable - related party              3,700            -
                                          ___________  ___________
        Total Current Liabilities               4,350          163
                                          ___________  ___________

STOCKHOLDERS' EQUITY (DEFICIT):
   Preferred stock, $.001 par value,
   5,000,000 shares authorized,
   no shares issued and
   outstanding                                      -            -
   Common stock, $.001 par value,
   120,000,000 shares authorized,
   3,591,143 shares issued and
   outstanding                                  3,591        3,591
  Capital in excess of par value              550,448      550,448
  Retained deficit                           (413,549)    (413,549)
  Deficit accumulated during the
    development stage                        (144,798)    (136,435)
                                          ___________  ___________
     Total Stockholders' Equity (Deficit)      (4,308)       4,055
                                          ___________  ___________
                                           $       42   $    4,218
                                          ___________  ___________

Note: The balance sheet of March 31, 2000 was taken from the audited
   financial statements at that date and condensed
  The accompanying notes are an integral part of this unaudited
                      financial statement.

                                3
     <PAGE>
                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]


               CONDENSED STATEMENTS OF OPERATIONS
                           [Unaudited]


                                                                    From the
                                                                 re-entering of
                                For the Three     For the Nine   the development
                                 Months Ended    Months Ended  stage on April 1,
                                 December 31,    December 31,    1985 through
                                ________________________________ December 31,
                                2000    1999     2000      1999      2000
                                ______________________________________________
REVENUE:                       $    -  $    - $       -  $       - $        -
                                ______________________________________________

COST OF SALES                       -       -         -          -          -
                                ______________________________________________
GROSS PROFIT                        -       -         -          -          -

EXPENSES:
  General and Administrative    3,020     784     8,363      8,683    146,308
                                _____________________________________________

LOSS FROM OPERATONS            (3,020)   (784)   (8,363)    (8,683)  (146,308)
                                _____________________________________________
OTHER INCOME (EXPENSE):
  Interest Expense                  -       -         -       (323)      (434)
  Gain on disposal of assets        -       -         -          -      1,944
                                _____________________________________________

TOTAL OTHER INCOME (EXPENSE)        -       -         -       (323)     1,510
                                _____________________________________________

LOSS BEFORE INCOME TAXES       (3,020)   (784)   (8,363)    (9,006)  (144,798)

CURRENT TAX EXPENSE                 -       -         -          -          -

DEFERRED TAX EXPENSE                -       -         -          -          -
                                ______________________________________________

NET LOSS                     $ (3,020) $ (784) $ (8,363)  $ (9,006) $(144,798)
                                ______________________________________________

LOSS PER COMMON SHARE        $   (.00)   (.00) $   (.00)  $   (.00) $    (.17)
                                ______________________________________________


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

                                4
<PAGE>
                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

               CONDENSED STATEMENTS OF CASH FLOWS
                           [Unaudited]

                                                                     From the
                                                                Re-entering of
                                                 For the Nine     Development
                                                Months Ended   Stage on April 1,
                                                December 31,      1985 Through
                                              __________________   December 31,
                                               2000      1999        2000
                                                 _____________________________

Cash Flows From Operating Activities:
 Net loss                                       $(8,363) $ (9,006)   $ (144,798)
 Adjustments to reconcile net
  loss  to net cash used by
  operating activities:
   Non-cash expenses paid by
    stock issuances                                   -         -        50,000
   Change in assets and liabilities:
    Increase (decrease) in accounts payable         487    (6,401)       (1,294)
    Increase in accounts payable - related party  3,700         -         3,700
    Increase in accrued interest                      -       323           434

      Net Cash Flows (Used) by
       Operating Activities                      (4,176)  (15,084)      (91,958)

Cash Flows From Investing Activities:
  Net Cash Flows (Used) by
   Investing Activities                               -         -             -

Cash Flows From Financing Activities:
  Proceeds from common stock issuance                 -         -        70,000
  Proceeds from notes payable                         -         -        22,000

  Net Cash Flows Provided by
   Financing Activities                               -         -        92,000

Net Increase (Decrease) in Cash                  (4,176)  (15,084)           42

Cash at Beginning of Period                       4,218    19,846             -

Cash at End of Period                          $     42 $   4,762    $       42

Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for:
    Interest                                   $      - $       -    $        -
    Income taxes                               $      - $       -    $        -

Supplemental Schedule of Noncash Investing and Financing
Activities:
  For the period ended December 31, 2000:
     None

  For the period ended December 31, 1999:
     During  this  period, the Company issued 3,000,000  shares  of
     common stock for relief of debt for $22,434.


 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.
                                5
<PAGE>
                FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Fashion Tech International, Inc (The Company) was
  organized under the laws of the State of Utah on April 22, 1983
  under the name Portofino Investment, Inc.  The name of The
  Company was changed to Fashion Tech International, Inc on January
  31, 1984. The Company currently has no ongoing operations and is
  considered to have re-entered the development stage as defined in
  SFAS No. 7 on April 1, 1985.  The Company is currently seeking
  business opportunities or potential business acquisitions.

  Condensed Financial Statements - The accompanying financial
  statements have been prepared by the Company without audit.  In
  the opinion of management, all adjustments (which include only
  normal recurring adjustments) necessary to present fairly the
  financial position, results of operations and cash flows at
  December 31, 2000 and 1999 and for the periods then ended have
  been made.

  Certain information and footnote disclosures normally included in
  financial statements prepared in accordance with generally
  accepted accounting principles have been condensed or omitted.
  It is suggested that these condensed financial statements be read
  in conjunction with the financial statements and notes thereto
  included in the Company's March 31, 2000 audited financial
  statements.  The results of operations for the periods ended
  December 31, 2000 are not necessarily indicative of the
  operating results for the full year.

  Loss Per Share - The computation of loss per share of common
  stock is based on the weighted average number of shares
  outstanding during the periods presented, in accordance with
  Statement of Financial Accounting Standards No. 128, "Earnings
  Per Share" [See Note 5].

  Cash and Cash Equivalents - For purposes of the statement of cash
  flows, the Company considers all highly liquid debt investments
  purchased with a maturity of three months or less to be cash
  equivalents.

  Recently Enacted Accounting Standards - Statement of Financial
  Accounting Standards (SFAS) No. 136, "Transfers of Assets to a
  not for profit organization or charitable trust that raises or
  holds contributions for others", SFAS No. 137, "Accounting for
  Derivative Instruments and Hedging Activities - deferral of the
  effective date of FASB Statement No. 133 (an amendment of FASB
  Statement No. 133.),", SFAS No. 138 "Accounting for Certain
  Derivative Instruments and Certain Hedging Activities - and
  Amendment of SFAS No. 133", SFAS No. 139, "Recission of SFAS No.
  53 and Amendment to SFAS No 63, 89 and 21", and SFAS No. 140,
  "Accounting to Transfer and Servicing of Financial Assets and
  Extinguishment of Liabilities", were recently issued SFAS No.
  136, 137, 138, 139 and 140 have no current applicability to the
  Company or their effect on the financial statements would not
  have been significant.

  Accounting Estimates - The preparation of unaudited condensed
  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, the disclosures of contingent assets and liabilities
  at the date of the unaudited condensed financial statements and
  the reported amount of revenues and expenses during the reported
  period.  Actual results could differ from those estimated.

  Restatement - The unaudited condensed financial statements for
  all periods have been restated to reflect a 100 for 1 reverse
  stock split which was effective during April 1999.
                                6
<PAGE>
                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 2 - CAPITAL STOCK

  On April 28, 1999 the company amended its Articles of
  Incorporation changing the par value form $0.005 to $0.001.
  The company also authorized 5,000,000 shares of preferred
  stock with a par value of $0.001.  The company also changed
  its domicile from Utah to Nevada.

  On April 28, 1999, the Company authorized a 1 for 100 reverse
  stock split thus reducing the number of shares outstanding to
  591,082.  The unaudited condensed financial statements for all
  periods have been restated to reflect the change.

  On June 7, 1999, the Company issued 3,000,000 shares of common
  stock for conversion of a $22,000 note payable and $434 of
  accrued interest.

NOTE 3 - INCOME TAXES

  The Company accounts for income taxes in accordance with
  Statement of Financial Accounting Standards No. 109 "Accounting
  for Income Taxes".  FASB 109 requires the Company to provide a
  net deferred tax asset/liability equal to the expected future tax
  benefit/expense of temporary reporting differences between book
  and tax accounting methods and any available operating loss or
  tax credit carryforwards.  At December 31, 2000, the Company has
  available unused operating loss carryforwards of approximately
  $144,000, which may be applied against future taxable income and
  which expire in various years through 2019.

  The amount of and ultimate realization of the benefits from the
  operating loss carryforwards for income tax purposes is
  dependent, in part, upon the tax laws in effect, the future
  earnings of the Company, and other future events, the effects of
  which cannot be determined.  Because of the uncertainty
  surrounding the realization of the loss carryforwards the Company
  has established a valuation allowance equal to the tax effect of
  the loss carryforwards and, therefore, no deferred tax asset has
  been recognized for the loss carryforwards.  The net deferred tax
  assets are approximately $49,000 as of December 31, 2000 with an
  offsetting valuation allowance of the same amount resulting in a
  change in the valuation allowance of approximately $3,000 during
  2000.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Management Compensation - During the periods ended December 31,
  2000 the Company did not pay any compensation to any
  officer/directors of the Company.

  Office Space - The Company has not had a need to rent office
  space.  An officer/shareholder of the Company is allowing the
  Company to use his home as a mailing address, as needed, at no
  expense to the Company.

                                7
<PAGE>
                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - LOSS PER SHARE

  The following data show the amounts used in computing loss per
  share and the effect on income and the weighted average number of
  shares of dilutive potential common stock for the three and nine
  months ended December 31, 2000 and 1999 and from the re-entering
  of development stage on April 1, 1985 through December 31, 2000:


                                                                   From the
                                                                 re-entering of
                           For the Three         For the Nine   the development
                           Months Ended          Months Ended  stage on April 1,
                           December 31,           December 31,   1985 through
                        ________________________________________ December 31,
                          2000       1999       2000       1999       2000
                       ______________________________________________________
Loss from continuing
 operations available to
 common stock
 holders (numerator)  $  (3,020) $    (784) $   (8,363) $  (9,006) $ (144,798)
                       ______________________________________________________
Weighted average number
 of common shares
 outstanding used in
 earnings per share
 during the period     3,591,143  3,591,143  3,591,143  3,285,688     814,601
                       ______________________________________________________

  Dilutive earnings per share was not presented, as the Company had
  no common equivalent shares for all periods presented that would
  effect the computation of diluted earnings (loss) per share.

NOTE 6 - GOING CONCERN

  The accompanying unaudited condensed financial statements have
  been prepared in conformity with generally accepted accounting
  principles, which contemplate continuation of the Company as a
  going concern.  However, the Company, has incurred losses since
  its inception, has insufficient working capital, and has no on-
  going operations.  These factors raise substantial doubt about
  the ability of the Company to continue as a going concern.  In
  this regard, management is seeking potential business
  opportunities and is proposing to raise any necessary additional
  funds not provided by operations through loans and/or through
  additional sales of its common stock. There is no assurance that
  the Company will be successful in raising additional capital or
  achieving profitable operations.  The unaudited condensed
  financial statements do not include any adjustments that might
  result from the outcome of these uncertainties.

                                8
<PAGE>

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

Results of Operations

Nine Months Ended December 31, 2000 and 1999

The Company had no revenue from continuing operations for the
nine-month periods ended December 31, 2000 and 1999.

General and administrative expenses for the nine months ended
December 31, 2000 and 1999 were $8,363 and $8,683, respectively,
which consisted of general corporate administration, legal and
professional expenses, and accounting and auditing costs.

Interest expense for the nine months ended December 31, 2000 and
1999 was $0 and $323, respectively.

As a result of the foregoing factors, the Company realized a net
loss of $8,363 for the nine months ended December 31, 2000,
compared to a net loss of $9,006 for the same period in 1999.

Liquidity and Capital Resources

At December 31, 2000, the Company had $42 in cash, $650 in
accounts payable, and $3,700 in accounts payable to a related
party, giving the Company a working capital deficit of
approximately $4,308, as compared to a working capital of $4,055
at March 31, 2000.  This decrease in working capital is
attributable to general and administrative expenses incurred
during the last three quarters without a corresponding increase
in cash.

The Company does not have sufficient cash to meet its operational
needs for the next twelve months.  Management, like in the past,
will attempt to raise capital for its current operational needs
through debt financing, equity financing or a combination of
financing options.  However, there are no existing
understandings, commitments or agreements for such an infusion;
nor can there be assurances to that effect. Moreover, the
Company's need for capital may change dramatically if and during
that period, it acquires an interest in a business opportunity.
Unless the Company can obtain additional financing, its ability
to continue as a going concern is in doubt.

The Company's current operating plan is to (i) handle the
administrative and reporting requirements of a public company,
and (ii) search for potential businesses, products, technologies
and companies for acquisition.  At present, the Company has no
understandings, commitments or agreements with respect to the
acquisition of any business venture, and there can be no
assurance that the Company will identify a business venture
suitable for acquisition in the future.  Further, there can be no
assurance that the Company would be successful in consummating
any acquisition on favorable terms or that it will be able to
profitably manage any business venture it acquires.

                                9
<PAGE>
PART II.  OTHER INFORMATION

EXHIBITS AND REPORTS ON FORM 8-K

     None.

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              FASHION TECH INTERNATIONAL, INC.

Date:  February 14, 2001      By: /s/ Pam Jowett, President

                               10
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