UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
           For the quarterly period ended:  April 30, 2000

 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
      For the transition period from _________________ to _________________

             Commission file number:  000-28499

                         JAGGED EDGE MOUNTAIN GEAR, INC.
        (Exact name of small business issuer as specified in its charter)


                  COLORADO                           84-144-8778
     (State or other jurisdiction of
      incorporation or organization)           (IRS Employer Identification No.)

                     52 PILOT KNOB LANE, TELLURIDE, CO 81435
                    (Address of principal executive offices)

                                  970-728-0175
                         (Registrant's telephone number)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days.

                                  Yes  X       No
                                     -----        ------

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

SHARES OUTSTANDING as of  April 30, 2000 are 13,833,392



<PAGE>




                                     Part I


                                                                            page

Item 1:  Financial Statements (Unaudited)
         Condensed Balance Sheets - April 30, 2000 and July 31, 1999           3

         Condensed Statements of Income                                        4
            Three Months Ended April 30, 2000
            and 1999 and Nine Months Ended April 30, 2000 and 1999

         Condensed Statements of Cash Flows                                    5
            Nine Months Ended April 30, 2000 and 1999

         Notes to Condensed Financial Statements                               6

Item 2:  Management's Discussion and Analysis or Plan of Operation             7

                                     Part II

Other Information:

Signature                                                                      9

Exhibits and Reports on Form 8-K                                              10


<PAGE>


                                     Part I


PART I - FINANCIAL INFORMATION
Item 1 Financial Statements

<TABLE>
<CAPTION>

                                         JAGGED EDGE MOUNTAIN GEAR, INC.
                                     CONSOLIDATED BALANCE SHEET (unaudited)

                                                                      April 30, 2000      July 31, 1999
                                                               -----------------------------------------
<S>                                                                      <C>                  <C>
Assets
Current Assets

Cash                                                                          49,329             42,606
Accounts Receivable                                                           94,825             61,992
Accounts Receivable-Settlement                                                     0            100,000
Inventories                                                                  688,890            866,558
Prepaid Expenses                                                               6,755                525
                                                               -----------------------------------------

TOTAL CURRENT ASSETS                                                         839,799          1,071,681

Equipment and Leasehold Improvements, at cost, net                           132,854            125,618

Goodwill, net of accumulated amortization                                     15,000                  0

Other Assets

Deposits Paid                                                                 23,259             32,361
                                                               -----------------------------------------

Total Assets                                                               1,010,912          1,229,660
                                                               =========================================

Liabilities
Current Liabilities

Accounts Payable & Accrued Liabilities                                       489,871            351,897
Credit Cards                                                                  67,187             64,980
Other Current Liabilities                                                        993                  0
Short Term debt                                                                5,929            106,100
Current Portion of Long Term Debt                                             41,595             33,786
                                                               -----------------------------------------

TOTAL CURRENT LIABILITIES                                                    605,575            556,763

Long Term Debt, net of current portion                                       185,589            162,198
                                                               -----------------------------------------

Total Liabilities                                                            791,164            718,961

Shareholders' Equity

Common Stock $.001 par value; 50,000,000 shares authorized,                   13,833             13,307
13,833,392 shares issued & outstanding
Common Stock Subscribed                                                            2                 13
Additional Paid-in Capital                                                 1,632,213          1,250,426
Retained Deficit                                                         (1,426,300)          (753,047)
                                                               -----------------------------------------
Total Shareholders' Equity                                                   219,748            510,699
                                                               -----------------------------------------

Total Liability & Equity                                                   1,010,912          1,229,660
                                                               =========================================

</TABLE>



<PAGE>
<TABLE>
<CAPTION>


                                         JAGGED EDGE MOUNTAIN GEAR, INC.

                                CONSOLIDATED STATEMENT OF OPERATIONS (unaudited)

                 For the Three Months Ended April 30, 2000 and the Nine Months Ended April 30, 1999:


                                                      Three Months Ended April 30           Nine Months Ended April 30
                                                      2000            1999                      2000            1999
<S>                                                   <C>            <C>                         <C>           <C>
Sales                                                    844,580        575,766                   2,327,301     1,782,687
Cost of Goods Sold                                       516,572        322,596                   1,601,321     1,103,170

GROSS PROFIT                                             328,008        253,170                     725,980       679,517

Selling, General, & Administrative                       509,297        336,604                   1,369,303       991,752

LOSS FROM OPERATIONS                                   (181,289)       (83,434)                   (643,323)     (312,235)

Other Income (Expense)
Interest Expense                                         (9,999)       (11,910)                    (32,889)      (25,727)
Other Income, net                                          1,225            810                       2,961           810

NET LOSS BEFORE INCOME TAX                             (190,063)       (94,534)                   (673,250)     (337,152)
Provision for Income Tax                                       0              0                           0             0

NET LOSS                                               (190,063)       (94,534)                   (673,250)     (337,152)

LOSS PER SHARE                                            (0.01)         (0.01)                      (0.05)        (0.03)

Weighted Average Shares                               13,781,782     12,843,138                  13,887,453    12,534,138

</TABLE>



<PAGE>

<TABLE>
<CAPTION>

                                    STATEMENT OF CASH FLOWS
                                          (Unaudited)



                                                                 Nine Months Ended
                                                                     April 30
                                                                       2000                  1999
<S>                                                                        <C>                   <C>

Cash Flows from Operating Activities:
Net Loss                                                                   (673,251)             (337,151)
Depreciation & Amortization                                                   24,932                     0
Common Stock Issued as Compensation                                            2,270                    76
Common Stock issued as interest on Notes Payable                              15,398                     0
Common Stock Issued to retire accrued interest                                 5,447                     0
Expenses paid with stock                                                       5,224                     0
Common Stock Issued to retire loan                                                 0                25,000
Non-Cash Adjustment of Accounts Receivable - Stock Sales                           0               (3,500)
(Increase) Decrease in:
Accounts Receivable                                                           67,167                 6,300
Inventories                                                                  177,668             (123,974)
Other Assets                                                                   2,872                 (625)
Increase (Decrease) in:
Accounts Payable and Accrued Liabilities                                     137,974                10,909
Credit Cards                                                                   2,207                42,733
Other Current Liabilities                                                        993                     0
                                                                        ------------            ----------
NET CASH USED IN OPERATING ACTIVITIES                                      (231,099)             (380,232)

Cash Flows from Investing Activities:
Additions to Property, Plant, and Equipment                                 (32,167)              (75,423)
Purchase of trademark                                                       (15,000)                     0
Stock Issued as partial payment for trademark                                 10,000                     0
                                                                        ------------            ----------
NET CASH USED IN INVESTING ACTIVITIES                                       (37,167)              (75,423)

Cash Flows from Financing Activities:
Principal Payments on Short Term Debt                                       (64,353)              (88,043)
Proceeds from Short Term Borrowings                                           39,182               191,950
Principal Payments on Long Term Debt                                        (33,801)             (109,645)
Proceeds from Long Term Borrowings                                            10,000               226,402
Proceeds from issuance of stock                                              325,300               209,207
Repurchases of Common Stock                                                  (1,340)                     0
                                                                        ------------            ----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                    274,988               429,871
                                                                        ------------            ----------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                           6,722              (25,784)
Cash Beginning of Period:                                                     42,606                47,704
Cash End of Period:                                                           49,328                21,921
                                                                        ============            ==========


</TABLE>


<PAGE>




 Notes to Condensed Financial Statements:

 1:  Management's Representation:
The  management  of Jagged Edge Mountain  Gear,  Inc.  (JEMG)  without audit has
prepared  the  attached  financial  statements.  Certain  information  and  note
disclosures normally included in the financial statements prepared in accordance
with generally accepted  accounting  principles have been omitted. In opinion of
the  management  of the JEMG,  all  adjustments  considered  necessary  for fair
presentation  of financial  statements  have been  included and were of a normal
recurring  nature,  and the attached  financial  statements  present  fairly the
financial  position for the  three-month  period ended on January 31, 2000.  The
results of  operations  for the three month  period ended on January 31, 2000 is
not  necessarily  indicative  of the results to be  expected  for the full year.
Certain  amounts  recorded  in 1999 have been  reclassified  to  conform  to the
1999-2000 presentation.

2:  Stock Issued as Compensation:
On November 10, 1999, The Company  issued 9,000 of restricted,  common stock for
compensation of services consulting services. These shares were valued at 80% of
the fair market value of  unrestricted  stock on November  10,  1999.  The total
expense recorded for in this transaction was $2,160.00.

3: Repurchase of Securities:
During the second  quarter of fiscal year 2000,  the company  repurchased  1,000
shares from an investor for $500.00.

4: Depreciation

Depreciation  expense of $14,000 was recorded in the second  quarter,  $7,000 of
which is to record  depreciation  expense  incurred in the first  quarter  ended
October 31, 1999 but not previously recorded.

5: On September 26, 1999 The Company  converted its line of credit agreements of
$100,000  with First  National  Bank of  Telluride to a tem loan of $75,000 with
First  National  Bank of  Telluride,  the line of credit had an interest rate of
2.25% over prime rate,  with interest  only  payments paid monthly.  The line of
credit was paid down to $75,000 and converted to a fixed tem loan at an interest
rate of 2.25% over rate, with principal and interest payments due monthly.

Item 2.  Management's Discussion and Analysis or Plan of Operation

RESULTS OF OPERATIONS FOR THREE MONTHS ENDED APRIL 30, 2000

During the third quarter of fiscal year Jagged Edge  Mountain Gear  sustained an
operating loss of $181,289 compared with a loss of $83,438 for the third quarter
FY1999. Management attributes the increase in loss in part to a low snow year in
Colorado  and  unseasonably  warm  temperatures.  The low  snow  year  adversely
affected  sales in Colorado  ski resort towns where  Jagged Edge  Mountain  Gear
company retail stores are located. Additionally,  unseasonably warm temperatures
in early  winter,  also  contributed  to lower  than  expected  outerwear  sales
nationally.

Third quarter sales were ahead of 1999, third quarter,  at $844,580  compared to
$575,766  in 1999.  This is largely  the result of an  increase in the number of
stores carrying Jagged Edge Mountain Gear and a greater demand for The Company's
products.  Jagged Edge  Mountain  Gear offers a product  line of  mountaineering
garments  that also  appeal to  skiers  as well as casual  wearers.  As with any
outdoor  products  business,  the weather is an important  determinant  of sales
levels  during  the  peak  seasons.   As  a  result,  The  Company's  sales  are
concentrated in the winter months when ski resorts are in full operation, and in
the summer months when mountain climbing is at its peak season.

The Company had a loss of  ($190,063) or ($.01) per share in the 2000 quarter as
compared to ($94,534) or ($.01) per share in the same quarter in 1999.


<PAGE>

RESULTS OF OPERATIONS FOR THE NINE MONTH PERIOD ENDED APRIL 30, 2000

The Company had sales of  $2,327,301  in the nine month  period  ended April 30,
2000  compared to sales of  $1,782,687  in the same period ended April 30, 1999.
The cost of goods sold in the nine month period was $1,601,321 at April 30, 2000
and  $1,103,170 at April 30, 1999.  The Gross Profit for the period was $725,980
at April 30, 2000 and $679,517 at April 30, 1999.

For the nine month period ended April 30, 2000, the Company incurred  $1,369,303
in general  and  administrative  expenses  and had a net loss on  operations  of
($643,323).  In Comparison,  for the nine month period ended April 30, 1999, the
Company incurred $991,752 in general and  administrative  expenses and had a net
loss on operations of ($312,235).

The Company had  interest  expense of $32,889 in the period ended April 30, 2000
compared  to $25,727 in the same period in 1999.  The Company had  miscellaneous
income of $2,961 at April 30, 2000 and $810 for the same period in 1999.

The Company  incurred a net loss of  ($673,250)  or ($.05) per share in the nine
month  period  ended  April 30, 2000 and  ($337,152)  or ($.03) per share in the
period ended April 30, 1999.

In fiscal year 2000 and 2001,  large increases in the number of catalog mailings
will help to drive The Company's success. By purchasing proven mailing lists for


<PAGE>


the catalog  distribution,  Jagged Edge  Mountain  Gear's  order  response  rate
dramatically  increased by 150%. With this improved method of distribution,  The
Company  expects  the  mail  order  division  to  increase  sales  revenues  and
subsequent gross margin with full margin achieved in the retail catalogs sales.

The Company's  wholesale  division is increasing  sales and brand awareness from
the hiring of a National Sales Manager and National Sales Representative  Force.
Purchase  orders for upcoming  seasons are beginning to roll in from this force.
The first sales from the efforts of this new team will be recognized in the Fall
2000 delivery season.  International sales for Jagged Edge Mountain Gear are not
Sales  Representative  driven,  but rather are handled in house. These sales are
also on the rise and international sales for The Company's products are becoming
a primary strategic focus for the coming years.

The  Company's  retail  division  located  Colorado  resort  towns  has a strong
presence  with  tourists and locals  alike.  Sales from the retail stores create
needed cash flow for  continued  productions  of new Jagged Edge  Mountain  Gear
products.  The stores increase The Company's brand name recognition and continue
to gain strength and market share in the resort towns.  At least one more Jagged
Edge Mountain Gear company owned store is planned for the FY2000-FY2001 year.

The Company's reported operating loss, for the nine months ending April 30, 2000
is largely a  consequence  of an  aggressive  expansion  in fiscal  1999 and ran
concurrent  with the  significant  decline  in winter  sales due to warm  winter
weather, explained above.

Liquidity and Capital Resources:
The Company's balance sheet at the end of second quarter,  January 2000 showed a
low cash balance,  a seasonally low accounts  receivable and a higher  inventory
level than management would have desired.  However,  the inventory  build-up has
been  significantly  reduced  through  the  discount  selling  of all  excessive
inventory through The Company's  wholesale  division in the Third Quarter.  This
resulted in large sales and  created an optimal  inventory  level for going into
Spring, 2000.


<PAGE>


Strategic Plan:
The Company has a plan to  capitalize  on its  strengths  in FY2000  through its
strong  brand  identity,  an excellent  marketing  campaign,  a  reputation  for
creative use of fabrics and other features in its garments, and a reputation for
technical  superiority.  As many market leaders have been selling  "down-market"
(into  Wal-Marts,  for  example)  to  survive,  Jagged  Edge  Mountain  Gear  is
attracting new customers to its  high-quality  technical  line of products.  The
Company will continue to develop  innovative and unique garments and through its
intriguing marketing, capture the imagination of the consumer. By increasing the
mail order circulation,  wholesale,  international,  and internet sales,  Jagged
Edge   Mountain   Gear  will  achieve   revenues   that  support  The  Company's
infrastructure and overhead.

The Company is targeting  break-even  cash flow as its mid-term  operating goal.
This goal will  conceivably  be  achieved  in the next fiscal year with a timely
snowfall in Colorado and by avoiding  excessive  discounting of its less popular
products.  For the foreseeable future, The Company expects to be able to finance
its operations from sales and existing financial resources,  however contingency
plans are being made for private placements of common stock, if needed. However,
no such specific plans are in the process at this time.

Other:

Changes in and Disagreements with Accountants

Although management is confident that the financial information reported in this
form 10QSB is  accurate,  this form was  complied  without  the  resource of The
Company's controller. It is expected that return or replacement of this position
will be brought in proper order within one month.

Recent Developments:

On January 14, 2000,  Jagged Edge Mountain Gear,  Inc. was delisted from the OTC
BB and is currently being traded on the "Pink Sheets."



<PAGE>



                                   SIGNATURES

         In accordance  with Section 12 of the Securities  Exchange Act of 1934,
the registrant caused this registration  statement to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                           Jagged Edge Mountain Gear, Inc.


Dated:   March 30, 2000                    By:  /s/ Margaret A. Quenemoen

                                           Margaret A. Quenemoen, President