U. S. 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  quarter  ended  January  31,  2001
                          ------------------

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

For the transition period from ______________________ to ______________________

Commission  File  No.  000-32089
                       ---------

                                 FAR GR0UP INC.
                    ----------------------------------------
                 (Name of Small Business Issuer in its Charter)

Washington                                                            91-2023071
----------                                                            ----------
(State or Other Jurisdiction of                                (I.R.S.  Employer
incorporation or organization)                                Identification No)

                          Suite 210, 580 Hornby Street
                   Vancouver, British Columbia, Canada V6C 3B6
                -------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (604) 662-7000
                         --------------------------------
                            Issuer's Telephone Number

                                       N/A
                         --------------------------------
          (Former Name or Former Address, if changed since last Report)

Check  whether  the Issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that  the  Company  was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.

      (1)    Yes     X       No             (2)    Yes     X      No
                    ---            ---                    ---           ---

     (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

                                 Not applicable

                     (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:

                                January 31, 2001

                        Common - 2,600,000 common shares

                       DOCUMENTS INCORPORATED BY REFERENCE

A  description of any "Documents Incorporated by Reference" is contained in Item
6  of  this  Report.

    Transitional Small Business Issuer Format     Yes     X       No
                                                         ---           ---


<PAGE>
PART  I  -  FINANCIAL  INFORMATION

Item  1.     Financial  Statements.

The  Financial  Statements  of the Company required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together  with  related  Notes.  In  the  opinion  of  management, the Financial
Statements  fairly  present  the  financial  condition  of  the  Company.

                                 FAR GROUP INC.
                          (A Development Stage Company)
                          INTERIM FINANCIAL STATEMENTS
                                JANUARY 31, 2001
                                   (Unaudited)


<PAGE>
<TABLE>
<CAPTION>
FAR  GROUP  INC.
(A  Development  Stage  Company)
INTERIM  BALANCE  SHEET


                                                                              January 31,    April 30,
                                                                                 2001          2000
                                                                                   $             $
                                                                              (unaudited)    (audited)
<S>                                                                          <C>            <C>
ASSETS

Current Assets

Cash                                                                                 4,475           -
-------------------------------------------------------------------------------------------------------
Total Assets                                                                         4,475           -
=======================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable and accrued liabilities                                             1,303
Note payable (Note 4)                                                               35,000      35,000
-------------------------------------------------------------------------------------------------------
Total Liabilities                                                                   36,303      35,000
-------------------------------------------------------------------------------------------------------

Contingency (Note 2)

Stockholders' Equity (Deficit)

Common Stock: $0.001 par value; authorized 100,000,000 common shares;
2,600,000 shares issued and outstanding (April 30, 2000 - 1,600,000)                   260         160

Additional Paid-in Capital                                                          25,740      15,840
-------------------------------------------------------------------------------------------------------
                                                                                    26,000      16,000
-------------------------------------------------------------------------------------------------------
Preferred Stock: $.0001 par value; authorized 20,000,000 preferred shares;
none issued                                                                              -           -
-------------------------------------------------------------------------------------------------------
Deficit Accumulated During the Development Stage                                   (57,828)    (51,000)
-------------------------------------------------------------------------------------------------------
Total Stockholders' Deficiency                                                     (31,828)    (35,000)
-------------------------------------------------------------------------------------------------------
Total Liabilities and Stockholders' Deficiency                                       4,475           -
=======================================================================================================
</TABLE>


(See  accompanying  Notes  to  the  Interim  Financial  Statements)


<PAGE>
<TABLE>
<CAPTION>
FAR  GROUP  INC.
(A  Development  Stage  Company)
INTERIM  STATEMENTS  OF  OPERATIONS
(Unaudited)



                                                                           Three          Nine
                                                   Accumulated From        Months        Months
                                                    March 24, 2000         Ended          Ended
                                                (Date of Inception) to   January 31,   January 31,
                                                   January 31, 2001         2001          2001
                                                           $                 $              $
<S>                                             <C>                     <C>            <C>
Revenue                                                         -                -              -
--------------------------------------------------------------------------------------------------

General and administrative expenses                        22,828            6,328          6,828
License written-off                                        35,000                -              -
--------------------------------------------------------------------------------------------------

Net loss                                                  (57,828)          (6,328)        (6,828)
==================================================================================================
Net Loss Per Share (Basic and diluted)                                      (0.004)        (0.004)
==================================================================================================
Weighted Average Number of Shares
Outstanding                                                              1,600,000      1,600,000
==================================================================================================
</TABLE>


(See  accompanying  Notes  to  the  Interim  Financial  Statements)


<PAGE>
<TABLE>
<CAPTION>
FAR  GROUP  INC.
(A  Development  Stage  Company)
INTERIM  STATEMENTS  OF  CASH  FLOWS
(Unaudited)



                                                                For the period
                                                                from March 24,
                                               Nine Months       2000 (Date of
                                                  Ended       Inception) to April
                                               January 31,         30, 2000
                                                  2001             (audited)
                                                    $                  $
<S>                                           <C>            <C>
Cash Flows From Operating Activities

Net loss                                            (6,828)               (51,000)

Items not requiring outlay of cash:

Legal and organizational costs                           -                 16,000
Amortization of license                                  -                      -
License written-off                                      -                 35,000

Changes in operating assets and liabilities:

Accounts payable and accrued liabilities             1,303                      -
----------------------------------------------------------------------------------
Net Cash Used by Operating Activities               (5,525)                     -
----------------------------------------------------------------------------------
Cash Flows From Financing Activities

Common shares issued                                10,000                      -
----------------------------------------------------------------------------------
Increase In Cash                                     4,475                      -

Cash at Beginning of Period                              -                      -
----------------------------------------------------------------------------------
Cash at End of Period                                4,475                      -
==================================================================================
Supplemental Disclosures

Interest paid                                            -                      -
Income tax paid                                          -                      -
</TABLE>


(See  accompanying  Notes  to  the  Interim  Financial  Statements)


<PAGE>
FAR  GROUP  INC.
A  Development  Stage  Company)
NOTES  TO  THE  INTERIM  FINANCIAL  STATEMENTS
January  31,  2001
(Unaudited)


1.   Basis  of  Presentation

     These  unaudited  interim  financial   statements  have  been  prepared  in
     accordance with the instructions to SEC Form 10-QSB.  Accordingly,  certain
     information  and  footnote   disclosures  normally  included  in  financial
     statements  prepared  in  accordance  with  generally  accepted  accounting
     principles  have been condensed or omitted  pursuant to such  instructions.
     These unaudited interim financial  statements should be read in conjunction
     with the audited  financial  statements  and notes thereto  included in the
     Company's SB-2 Registration Statement.

     In the opinion of the  Company's  management,  all  adjustments  considered
     necessary for a fair  presentation  of these  unaudited  interim  financial
     statements  have been  included  and all such  adjustments  are of a normal
     recurring nature. Operating results for the nine month period ended January
     31, 2001 are not necessarily indicative of the results that can be expected
     for the year ended April 30, 2001.


2.   Nature  of  Operations  and  Continuance  of  Business

     FAR Group Inc.  herein (the  "Company")  was  incorporated  in the State of
     Washington,  U.S.A.  on March 24, 2000.  The Company  acquired a license to
     market and distribute  vitamins,  minerals,  nutritional  supplements,  and
     other health and fitness products in Minnesota, in which the grantor of the
     license offers these products for sale from various  suppliers on their Web
     Site.

     The Company is in the development  stage.  In a development  stage company,
     management  devotes most of its  activities  in developing a market for its
     products.  Planned principal  activities have not yet begun. The ability of
     the  Company  to emerge  from the  development  stage  with  respect to any
     planned  principal  business  activity  is  dependent  upon its  successful
     efforts to raise  additional  equity  financing  and/or  attain  profitable
     operations.  There is no  guarantee  that the Company will be able to raise
     sufficient equity financing or sell any of its products at a profit.  There
     is substantial doubt regarding the Company's ability to continue as a going
     concern.

     The Company filed an SB-2 Registration  Statement with the U.S.  Securities
     Exchange  Commission which was declared  effective on December 7, 2000. The
     Company sold and issued 1,000,000 common shares at $0.01 per share for cash
     proceeds of $10,000.


3.   Summary  of  Significant  Accounting  Policies

     (a)  Year  end

          The  Company's  fiscal  year  end  is  April  30.

     (b)  License

          The cost to acquire the License was capitalized. The carrying value of
          the License is  evaluated  in each  reporting  period to  determine if
          there were events or  circumstances  which  would  indicate a possible
          inability to recover the carrying amount.  Such evaluation is based on
          various analyses  including  assessing the Company's  ability to bring
          the  commercial   applications   to  market,   related   profitability
          projections and  undiscounted  cash flows relating to each application
          which  necessarily  involves  significant   management  judgment.  The
          License was  written-off to operations as at April 30, 2000 due to the
          lack of historical cash flow of Vitaminmineralherb.com. However, it is
          the Company's intention to determine if it is economically feasible to
          commercially exploit a business plan.


<PAGE>
3.   Summary  of  Significant  Accounting  Policies

     (c)  Cash  and  Cash  Equivalents

          The Company considers all highly liquid instruments with a maturity of
          three months or less at the time of issuance to be cash equivalents.

     (d)  Revenue  Recognition

          The Company will receive from the Grantor of the license,  commissions
          of one-half of all the profit on all sales made through the  Grantor's
          Web Site. The commission  revenue will be recognized in the period the
          sales have occurred. The Company will report the commission revenue on
          a net basis as the  Company is acting as an Agent for the  Grantor and
          does not assume any risks or rewards of the ownership of the products.
          This  policy  is  prospective  in nature  as the  Company  has not yet
          generated any revenue.

     (e)  Use of Estimates

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

     (f)  Adjustments

          These interim unaudited financial statements have been prepared on the
          same basis as the annual  financial  statements  and in the opinion of
          management,   reflect  all  adjustments,  which  include  only  normal
          recurring  adjustments,  necessary  to present  fairly  the  Company's
          financial  position,  results  of  operations  and cash  flows for the
          periods  shown.  The results of  operations  for such  periods are not
          necessarily  indicative of the results expected for a full year or for
          any future period.


4.   License

     The Company's asset is a license to market vitamins, minerals,  nutritional
     supplements and other health and fitness products through the Grantor's Web
     Site.   The   Company   desires  to  market   these   products  to  medical
     practitioners,  alternative health professionals,  martial arts studios and
     instructors,   sports  and  fitness  trainers,  other  health  and  fitness
     practitioners,  school and other fund raising  programs  and other  similar
     types of customers in Minnesota. The license was acquired on April 13, 2000
     for a term of three  years.  The Company must pay an annual fee of $500 for
     maintenance of the Grantor's Web Site commencing on the  anniversary  date.
     The Grantor of the license retains 50% of the profits.

     The Company paid total consideration of $35,000 for the license with a note
     payable of $35,000. See Note 5.

     The License was  written-off  to operations as at April 30, 2000 due to the
     lack of historical cash flow of Vitaminmineralherb.com.  However, it is the
     Company's  intention  to  determine  if  it  is  economically  feasible  to
     commercially exploit a business plan.


5.   Note  Payable

     The note payable is unsecured,  non-interest  bearing and is repayable upon
     the successful completion of an Initial Public Offering of the common stock
     of the Company and sale of all registered shares pursuant to such offering.
     As the proceeds  from this  offering are not  sufficient to repay this loan
     the  President  of the Company  does not intend to demand  repayment  until
     sufficient funds are in place.


<PAGE>
6.   Related  Party  Transaction

     The License  referred to in Note 4 was  assigned to the Company by the sole
     director and President of the Company for  consideration  of the assumption
     of a note payable of $35,000.  The License was recorded at the  transferors
     cost of $35,000 which was also fair market value at the time.

     The  Grantor  of  the  License  is  not  related  to  the  Company.


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

Plan  of  Operation
-------------------

The  Company has not engaged in any material operations or had any revenues from
operations  since  its  inception  on  March  24,  2000.  The  Company's plan of
operation  for  the  next 12 months is to determine the feasibility of marketing
the  Vitamineralherb  products in various markets, and, if the products prove to
be  in  demand,  begin  marketing  and  selling  Vitamineralherb  products.

During the next 12 months, the Company's only foreseeable cash requirements will
relate  to  maintaining  the  Company  in  good  standing  and  to determine the
feasibility  of  the Company's business plan of selling Vitamineralherb products
to  targeted  markets.  Additional  funds  may  be  advanced  by  management  or
stockholders  as loans to the Company. It is impossible to predict the amount of
any  such  loans  or  advances.  However,  any such loans or advances should not
exceed $25,000 and will be on terms no less favourable to the Company than would
be  available  from  a  commercial  lender  in  an  arm's  length  transaction.

Results  of  Operations
-----------------------

A  total  of $5,000 was paid, pursuant to a Business Agreement dated January 30,
2001 with Magnum Financial Corp. The Company will receive consulting services in
the  area  of  financing,  capitalization,  shareholder relations, public market
strategy  and  broker relations. In particular, Magnum Financial Corp. will file
with  all  necessary entities the documentation required to request approval for
trading  on  the  over-the-counter  Bulletin Board and will pay a further $5,000
upon  OTC Bulletin Board listing and $5,000 three weeks after OTC Bulletin Board
Listing. Magnum Financial Corp. will be awarded fees for financing produced at a
rate  of  5%  of  gross  proceeds; 2.5% in cash and 2.5% in common shares issued
under  Rule  144.


Liquidity
---------

The  Company  filed  an  SB-2  Registration  Statement  with the U.S. Securities
Exchange  Commission  which  was  declared  effective  on  December 7, 2000. The
Company  sold  and  issued  1,000,000  common shares at $0.01 per share for cash
proceeds  of  $10,000.

The  Company had $4,475 of cash on hand at January 31, 2001. Management does not
believe that this will be sufficient to meet its anticipated expenses during the
next 12 months. The Company will have to raise additional funds through sales of
its  securities  or  through  loans  from  stockholders  or  management.


<PAGE>
PART II - OTHER  INFORMATION

Item 1.   Legal  Proceedings.

          None;  not  applicable.

Item 2.   Changes  in  Securities.

          None;  not  applicable.

Item 3.   Defaults  Upon  Senior  Securities.

          None;  not  applicable.

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

          None;  not  applicable.

Item 5.   Other  Information.

          None;  not  applicable.

Item 6.   Exhibits  and  Reports  on  Form  8-K.

          None.


          DOCUMENTS  INCORPORATED  BY  REFERENCE

          None.


<PAGE>
                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  Report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

                                            FAR  GROUP  INC.


Date:     February 20, 2001                 By:    /s/  Frank  Roberts
                                                 -------------------------------
                                                   Frank Roberts, President,
                                                   Secretary, Treasurer and
                                                   Director


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this  Report  has  been  signed  below by the following persons on behalf of the
Company  and  in  the  capacities  and  on  the  dates  indicated:

Date:     February 20, 2001                 By:    /s/  Frank  Roberts
                                                 -------------------------------
                                                   Frank Roberts, President,
                                                   Secretary, Treasurer and
                                                   Director


<PAGE>