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 September 30, 2001

     [   ]     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:  As
of September 30, 2001 there were 3,591,082 shares of common
stock.

<PAGE>
                           FORM 10-QSB
                FASHION TECH INTERNATIONAL, INC.

                              INDEX
                                                                 Page

PART I.   Financial Information                                    3

          Financial Statements                                     3

          Balance Sheets - September 30, 2001 and                  3
          March 31, 2001

          Statements of Operations - Three Months and Six Months   4
          Ended September 30, 2001 and 2000, and
          Beginning of Development Stage to September 30, 2001

          Statements of Cash Flows - Six Months                    5
          Ended September 30, 2001 and 2000, and
          Beginning of Development Stage to September 30, 2001

          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]

               UNAUDITED CONDENSED BALANCE SHEETS

                             ASSETS

                                         September 30,   March 31,
                                              2001          2001
                                          ___________  ___________
CURRENT ASSETS:
  Cash in bank                             $      276   $       48
                                          ___________  ___________
        Total Current Asset                       276           48
                                          ___________  ___________

                                           $      276   $       48
                                          ___________  ___________

              LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
  Accounts payable                         $      500   $      696
  Advances - related party                     11,300        6,300
                                          ___________  ___________
        Total Current Liabilities              11,800        6,996
                                          ___________  ___________

STOCKHOLDERS' 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,
   3,591,082 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                        (152,014)    (147,438)
                                          ___________  ___________
        Total Stockholders' Deficit           (11,524)      (6,948)
                                          ___________  ___________
                                           $      276   $       48
                                          ___________  ___________

Note: The balance sheet of March 31, 2001 was taken from the audited
   financial statements at that date and condensed

  The accompanying notes are an integral part of this unaudited
                 condensed financial statement.

                                      3
<PAGE>


                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

          UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                    From the
                                                                  re-entering of
                         For the Three            For the Six     the development
                          Months Ended            Months Ended   stage on April 1,
                         September 30,            September 30,     1985 through
                    ____________________________________________   September 30,
                     2001          2000         2001        2000        2001
                    ______       _______      _______     ________    _________
<S>                <C>         <C>          <C>          <C>          <C>
REVENUE            $           $            $       -    $       -    $       -
                    ______       _______      _______     ________    _________

COST OF SALES                                       -            -            -
                    ______       _______       ______      _______     ________
GROSS PROFIT                                        -            -            -

EXPENSES:
 General and
   Administrative     2,061        4,500        4,576        5,343       153,524
                     ______       ______        _____       ______      ________
LOSS FROM
  OPERATONS
  BEFORE OTHER
  EXPENSES           (2,061)      (4,500)      (4,576)      (5,343)     (153,524)
                     ______        _____        _____       ______      ________
OTHER INCOME
  (EXPENSE):
 Interest Expense         -            -            -            -          (434)
 Gain on disposal
   of assets              -            -            -            -         1,944
                      _____        _____        _____        _____      ________
TOTAL OTHER
  INCOME (EXPENSE)        -            -            -            -         1,510
                      _____        _____        _____        _____       _______
LOSS BEFORE
  INCOME TAXES       (2,061)      (4,500)      (4,576)      (5,343)     (152,014)

CURRENT TAX
  EXPENSE                 -            -            -            -             -

DEFERRED TAX
  EXPENSE                 -            -            -            -             -
                      _____        _____        _____        _____       _______

NET LOSS          $  (2,061)   $  (4,500)   $  (4,576)   $  (5,343)   $ (152,014)
                      _____        _____        _____        _____       _______

LOSS PER COMMON
  SHARE           $    (.00)   $    (.00)   $    (.00)   $    (.00)   $     (.15)
                      _____        _____        _____        _____       _______
</TABLE>
 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.

                                      4
<PAGE>

                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

          UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS


                                                                From the
                                                             Re-entering of
                                             For the Six       Development
                                            Months Ended     Stage on April 1,
                                            September 30,      1985 Through
                                        ______________________ September 30,
                                           2001        2000       2001
                                       ____________________________________
Cash Flows From Operating Activities:
  Net loss                             $  (4,576)   $  (5,343)   $ (152,014)
  Adjustments to reconcile net
    loss  to net cash used by
    operating activities:
     Non-cash expenses                         -            -        50,000
     Change in assets and liabilities:
       (Decrease) in accounts payable       (196)        (163)       (1,444)
       Increase in accrued interest            -            -           434

                                           _____        _____       _______
        Net Cash Flows Provided (Used)
          by Operating Activities         (4,772)      (5,506)     (103,024)
                                           _____        _____       _______
Cash Flows From Investing Activities:
        Net Cash Flows Provided (Used)
          by Investing Activities              -            -             -
                                           _____        _____       _______
Cash Flows From Financing Activities:
  Proceeds from common stock issuance          -            -        70,000
  Proceeds from notes payable                  -            -        22,000
  Advances from related-party              5,000        1,500        11,300

                                           _____         ____       _______
        Net Cash Flows Provided by
          Financing Activities             5,000        1,500       103,300
                                           _____        _____       _______
Net Increase (Decrease) in Cash              228       (4,006)          276

Cash at Beginning of Period                   48        4,218             -
                                           _____        _____       _______
Cash at End of Period                  $     276    $     212    $      276
                                           _____        _____       _______

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 September 30, 2001:
     None

  For the period ended September 30, 2000:
     None

 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.  During 1999 the Company changed its domicile  to  the
  State of Nevada.  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
  September  30, 2001 and 2000 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,  2001  audited  financial
  statements.   The  results of operations for  the  periods  ended
  September  30,  2001  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. 140, "Accounting for  Transfers
  and   Servicing  of  Financial  Assets  and  Extinguishments   of
  Liabilities - a replacement of FASB Statement No. 125", SFAS  No.
  141,  "Business Combinations", SFAS No. 142, "Goodwill and  Other
  Intangible  Assets",  and  SFAS No. 143,  "Accounting  for  Asset
  Retirement  Obligations", were recently issued.   SFAS  No.  140,
  141, 142 and 143 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 September 30, 2001, the Company has
  available  unused  operating loss carryforwards of  approximately
  $21,000,  which may be applied against future taxable income  and
  which expire in various years through 2020.

  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 $7,000 as of September 30, 2001 with  an
  offsetting valuation allowance of the same amount resulting in  a
  change  in the valuation allowance of approximately $1,600 during
  2001.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Advances  From - During the six month period ended September  30,
  2001,  a  shareholder of the Company has made  advances  totaling
  $5,000  to  the Company.  No interest is being accrued  on  these
  advances.   At  September 30, 2001, the total  amount  owing  the
  shareholder for advances is $11,300.

  Management Compensation - During the periods ended September  30,
  2001   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 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  six
  months ended September 30, 2001 and 2000 and from the re-entering
  of development stage on April 1, 1985 through September 30, 2001:
<TABLE>
<CAPTION>

                                                                   From the
                                                                re-entering of
                          For the Three          For the Six    the development
                           Months Ended          Months Ended   stage on April 1,
                           September 30,         September 30,    1985 through
                     __________________________________________   September 30,
                         2001       2000        2001       2000       2001
                     ___________________________________________________
<S>                  <C>        <C>         <C>         <C>         <C>
Loss from continuing
 operations available
 to common stock
 holders (numerator) $  (2,061) $   (4,500) $  (4,576)  $  (5,343)  $(152,014)
                         ______      ______     _____      ______     _______
Weighted average
 number of common
 shares outstanding
 used in earnings per
 share during the
 period              3,591,143   3,591,143  3,591,143   3,591,143    982,779
                     _________   _________  _________   _________    _______
</TABLE>

  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  and  has  no on-going operations.   Further,  the
  Company  has  current liabilities in excess  of  current  assets.
  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

Six Month Periods Ended September 30, 2001 and 2000

The Company had no revenue from continuing operations for the six
month periods ended September 30, 2001 and 2000.

General and administrative expenses for the six month periods
ended September 30, 2001 and 2000, consisted of general corporate
administration, legal and professional expenses, and accounting
and auditing costs.  These expenses were $4,576 and $5,343 for
the six-month periods ended September 30, 2001 and 2000,
respectively.

As a result of the foregoing factors, the Company realized a net
loss of $4,576 for the six months ended September 30, 2001, as
compared to a net loss of $5,343 for the same period in 2000.

Liquidity and Capital Resources

During the six months ended September 30, 2001, a shareholder of
the Company advanced $5,000 to the Company.  During the year
ended March 2001, the shareholder advanced a total of 6,300 to
the Company.  At September 30, 2001, the Company had a working
capital deficit of $11,524, as compared to a working capital
deficit of $6,948 at March 31, 2001.  This is decrease in working
capital is attributable to general and administrative expenses
incurred during the quarter without any increase in cash.

The Company does not have sufficient cash to meet its operational
needs for the next twelve months.  Management will attempt to
raise additional capital through loans from related parties, debt
financing, equity financing or a combination of financing
options.  Currently, there are no understandings, commitments or
agreements for such an infusion of capital and there be no
assurances to that effect.  Unless the Company can obtain
additional financing, its ability to continue as a going concern
after the next twelve-month period is doubtful.  The Company's
need for capital may change dramatically if and during that
period, it acquires an interest in a business opportunity.

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.

Forward-Looking Statements

This Form 10-QSB includes, without limitation, certain statements
containing the words "believes", "anticipates", "estimates",
"intends", and words of a similar nature, constitute "forward-
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  This Act provides a "safe harbor"
for forward-looking statements to encourage companies to provide
prospective information about themselves so long as they identify
these statements as forward looking and provide meaningful,
cautionary statements identifying important factors that could
cause actual results to differ from the projected results.  All
statements other than statements of historical fact made in this
Form 10-QSB are forward-looking.  In particular, the statements
herein regarding industry prospects and future results of
operations or financial position are forward-looking statements.
Forward-looking statements reflect management's current
expectations and are inherently uncertain.  The Company's actual
results may differ significantly from management's expectations.

                                      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: November 2, 2001        By:/s/Pam Jowett, President

                                      10
<PAGE>