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 June 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 June 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                           2

          Financial Statements                            3

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

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

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

          Notes     to    Consolidated    Financial       6
          Statements

          Management's Discussion and Analysis of         7
          Financial   Condition  and   Results   of
          Operations

PART II.  Other Information                               8

Signatures                                                8

                                2
<PAGE>
                             PART I.
                      Financial Information
                 FASHION TECH INTERNATIONAL, INC
                  [A Development Stage Company]

               UNAUDITED CONDENSED BALANCE SHEETS

                             ASSETS

                                            June 30,     March 31,
                                              2001          2001
                                          ___________  ___________
CURRENT ASSETS:
  Cash in bank                             $      146   $       48
                                          ___________  ___________
        Total Current Asset                       146           48
                                          ___________  ___________

                                           $      146   $       48
                                          ___________  ___________


              LIABILITIES AND STOCKHOLDERS' DEFICIT


CURRENT LIABILITIES:
  Accounts payable                         $    1,309   $      696
  Advances - related party                      8,300        6,300
                                          ___________  ___________
        Total Current Liabilities               9,609        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                        (149,953)    (147,438)
                                          ___________  ___________
        Total Stockholders' Deficit            (9,463)      (6,948)
                                          ___________  ___________
                                           $      146   $       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



                                                         From the
                                                       re-entering of
                                       For the Three  the development
                                        Months Ended stage on April 1,
                                          June 30,      1985 through
                                   ____________________   June 30,
                                       2001      2000       2001
                                   _______________________________
REVENUE                              $      -  $      -   $      -
                                   _______________________________

COST OF SALES                               -         -          -
                                   _______________________________
GROSS PROFIT                                -         -          -

EXPENSES:
  General and Administrative            2,515     3,184    151,463
                                   _______________________________
LOSS FROM OPERATONS
  BEFORE OTHER EXPENSES                (2,515)   (3,184)  (151,463)
                                   _______________________________
OTHER INCOME (EXPENSE):
  Interest Expense                          -         -       (434)
  Gain on disposal of assets                -         -      1,944
                                   _______________________________
TOTAL OTHER INCOME (EXPENSE)                -         -      1,510
                                   _______________________________
LOSS BEFORE INCOME TAXES               (2,515)   (3,184)  (149,953)

CURRENT TAX EXPENSE                         -         -          -

DEFERRED TAX EXPENSE                        -         -          -
                                   _______________________________

NET LOSS                           $  (2,515) $  (3,184) $(149,953)
                                   _______________________________

LOSS PER COMMON SHARE              $    (.00) $    (.00) $   (.16)
                                   _______________________________


 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
<TABLE>
<CAPTION>
                                                                              From the
                                                                           Re-entering of
                                                     For the Three          Development
                                                      Months Ended        Stage on April 1,
                                                         June 30,           1985 Through
                                                  _______________________      June 30,
                                                    2001           2000         2001
                                                 ____________________________________
<S>                                             <C>           <C>            <C>
Cash Flows From Operating Activities:
  Net loss                                      $   (2,515)   $    (3,184)   $ (149,953)
  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         613          2,178         (635)
       Increase in accrued interest                      -              -          434
                                                __________      _________     _________
        Net Cash Flows (Used) by
          Operating Activities                      (1,902)        (1,006)    (100,154)
                                                __________      _________     _________
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
  Advances from related party                        2,000              -        8,300
                                                __________      _________    __________
        Net Cash Flows Provided by
          Financing Activities                       2,000              -      100,300
                                                __________      _________    __________
Net Increase (Decrease) in Cash                         98         (1,006)         146

Cash at Beginning of Period                             48          4,218            -
                                               ___________       _________   __________
Cash at End of Period                          $       146       $  3,212    $     146
                                               ___________       _________   __________
</TABLE>

Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for:
<TABLE>
    <S>                                        <C>               <C>         <C>
    Interest                                   $         -       $      -    $       -
    Income taxes                               $         -       $      -    $       -
</TABLE>

Supplemental Schedule of Noncash Investing and Financing
Activities:
  For the period ended June 30, 2001:
     None

  For the period ended June 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  June
  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 June
  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. 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 June 30, 2001,  the  Company  has
  available  unused  operating loss carryforwards of  approximately
  $23,000,  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 $7,800 as of June  30,  2001  with  an
  offsetting valuation allowance of the same amount resulting in  a
  change  in the valuation allowance of approximately $1,000 during
  2001.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Advances  From - During the three months ended June 30,  2001,  a
  shareholder  of  the  Company advanced  $2,000  to  the  Company.
  During the year ended March 31, 2001, the shareholder advanced  a
  total of $6,300 to the Company.  No interest is being accrued  on
  these advances.

  Management Compensation - During the periods ended June 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 June 30, 2001 and 2000 and from the re-entering  of
  development stage on April 1, 1985 through June 30, 2001:


                                                         From the
                                                       re-entering of
                                      For the Three   the development
                                       Months Ended  stage on April 1,
                                         June 30,       1985 through
                              ________________________    June 30,
                                      2001      2000        2001
                                 __________ __________ ___________
Loss from continuing
 operations available to
 common stock
 holders (numerator)          $   (2,515)   $   (3,184) $ (149,953)
                                 __________ __________ ___________
Weighted average number
 of common shares
 outstanding used in
 earnings per share
 during the period              3,591,082    3,591,082     942,331
                                 __________ __________ ___________

  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

Three Month Periods Ended June 30, 2001 and 2000

The Company had no revenue from continuing operations for the
three-month periods ended June 30, 2001 and 2000.

General and administrative expenses for the three month periods
ended June 30, 2001 and 2000, consisted of general corporate
administration, legal and professional expenses, and accounting
and auditing costs.  These expenses were $2,515 and $3,184 for
the three-month periods ended June 30, 2001 and 2000,
respectively.

Interest expense in the three-month periods ended June 30, 2001
and 2000, was $0 and $0, respectively.

As a result of the foregoing factors, the Company realized a net
loss of $2,515 for the three months ended June 30, 2001, as
compared to a net loss of $3,184 for the same period in 2000.

Liquidity and Capital Resources

During the three months ended June 30, 2001, a shareholder of the
Company advanced $2,000 to the Company.  During the year ended
March 2001, the shareholder advanced a total of 6,300 to the
Company.  At June 30, 2001, the Company had a working capital
deficit of $9,463, 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:  August 13, 2001              By: /s/ Pam Jowett
                                    Pam Jowett, President

                               10
<PAGE>