# UNITED
STATES 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, 2000

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

For the transition period from _____ to _____

TURINCO,
INC.

                                 (Exact name of registrant as specified in charter)

Nevada
(State or other jurisdiction of incorporation or organization)

87-0618509
(I.R.S. Employer Identification No.)

1981 East Murray Holiday Rd,  Salt Lake City, Utah                                              84117 

(Address of principal executive offices)                                              (Zip Code)

801-272-9294

                                Registrant's telephone number, including area code

_________________________________________________________(Former name, former address, and former fiscal year, if changed since last report.)

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), Yes [x ] No [ ] and (2) has been subject to such filing requirements
for the past 90 days. Yes [x ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of
shares outstanding of each of the issuers classes of common stock, as of
the last practicable date.

Class
                                                                                                      Common Stock $0.001Outstanding as of September 30, 2000

                                                      802,000

---

`INDEX

                                                                                                            Page
                                                                                                           Number
                                                                                                           ------
PART I.

          ITEM 1.           Financial Statements (unaudited).................................................3

                            Balance Sheets...................................................................4
                               September 30, 2000 and December 31, 1999

                            Statements of Operations
                               For the three and nine  months ended September  30, 2000 and 1999.............5
                               and the period June 16, 1977 to September 30, 2000

                            Statements of Cash Flows
                                For the nine months ended September 30, 2000 and 1999........................6
                                and the period June 16, 1977 to September 30, 2000

                            Notes to Financial Statements....................................................7

          ITEM 2.           Plan of Operations...............................................................9

PART II.                    Signatures ......................................................................9`

---

# PART I -
FINANCIAL INFORMATION

The accompanying balance
sheets of Turinco, Inc. (development stage company) at September 30, 2000 and
December 31 1999, and the related statements of operations for the three and
nine months ended September 30, 2000 and 1999 and the period June 16, 1977 to
September 30, 2000, the statement of cash flows for the nine months ended
September 30, 2000 and 1999, and the period June 16, 1977 to September 30, 2000,
have been prepared by the Companys management and they do not include all
information and notes to the financial statements necessary for a complete
presentation of the financial position, results of operations, cash flows, and
stockholders equity in conformity with generally accepted accounting
principles. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

Operating results for the
quarter ended September 30, 2000, are not necessarily indicative of the results
that can be expected for the year ending December 31, 2000.

---

`TURINCO, INC.
                            (Development Stage Company)
                                   BALANCE SHEETS
                     September 30, 2000, and December 31, 1999




                                                               Sept 30,    Dec 31,
                                                                 2000       1999
                                                              ---------   --------
ASSETS

CURRENT ASSETS

   Cash                                                       $   --      $   --
                                                              --------    --------

       Total Current Assets                                   $   --      $   --
                                                              ========    ========



LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

   Accounts payable                                           $   --      $    685
                                                              --------    --------

       Total Current Liabilities                                  --           685
                                                              --------    --------


STOCKHOLDERS' EQUITY

   Common stock
        100,000,000 shares authorized, at $0.001 par value;
        802,000 shares issued and outstanding                      802         802

   Capital in excess of par value                               78,931      76,298

    Deficit accumulated during the development stage           (79,733)    (77,785)
                                                              --------    --------

       Total Stockholders' Equity (deficiency)                    --          (685)
                                                              --------    --------

                                                              $   --      $   --
                                                              ========    ========



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


                                        -4-




                                   TURINCO, INC.
                            ( Development Stage Company)
                              STATEMENTS OF OPERATIONS
          For the Three and Nine Months Ended September 30, 2000, and 1999
       and the Period June 16, 1977 (Date of Inception) to September 30, 2000



                              Three Months         Nine Months
                              ------------         -----------
                         Sept 30,    Sept 30,    Sept 30,    Sept 30,  Mar 28, 1983 to
                          2000        1999         2000       1999     Sept  30, 2000
                        --------    --------     -------     --------  ---------------

REVENUES               $    --      $    --     $    --      $    --     $    --

EXPENSES                     723         --         1,948         --        79,733
                       ---------    ---------   ---------    ---------   ---------
NET LOSS               $    (723)   $    --     $  (1,948)   $    --     $ (79,733)
                       =========    =========   =========    =========   =========



NET LOSS PER COMMON
   SHARE

   Basic               $    --      $    --     $    --      $    --
                       ---------   ---------    ---------   ---------



AVERAGE  OUTSTANDING
    SHARES

     Basic               802,000      664,500     802,000      664,500
                       ---------    ---------    ---------   ---------
















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


                                      -5-




                                            TURINCO, INC.
                                     (Development Stage Company)
                                       STATEMENT OF CASH FLOWS
                       For the Nine Months Ended September 30, 2000, and 1999
               and the Period June 16, 1977 (Date of Inception) to September 30, 2000



                                                                                     Jun 14, 1982
                                                              Sept 30,     Sept 30,   to Sept 30,
                                                               2000         1999         2000
                                                               ------     --------     --------
CASH FLOWS FROM
   OPERATING ACTIVITIES

   Net loss                                                    $ (1,948)   $   --     $(79,733)

       Adjustments to reconcile net loss to
       net cash provided by operating activities

           Changes in accounts payable                             (685)       --         --
             Contributions to capital - expenses                  2,633        --        2,733
             Issuance of common stock for services                 --          --       19,500


          Net Cash Used in Operations                              --          --      (57,500)
                                                               --------    --------   --------

CASH FLOWS FROM INVESTING
   ACTIVITIES
                                                               --------    --------   --------

CASH FLOWS FROM FINANCING
   ACTIVITIES

       Proceeds from issuance of common stock
                                                                   --          --       57,500
                                                               --------    --------   --------

   Net Increase (Decrease) in Cash                                 --          --         --

   Cash at Beginning of Period                                     --          --         --
                                                               --------    --------   --------

   Cash at End of Period                                       $   --      $   --     $   --
                                                               ========    ========   ========


NON CASH FLOWS FROM OPERATING ACTIVITIES

     Issuance of  96,000 common shares for services - related parties - 1981   $ 12,000
                                                                               --------
     Contributions to capital - expenses - related party - 1999-2000              2,733
                                                                               --------
     Issuance of 150,000 common shares for expenses - related parties - 1999      7,500
                                                                               --------

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

                                                -6-`

## TURINCO,  INC.
                                                (Development Stage Company)NOTES TO FINANCIAL STATEMENTS

## 1. ORGANIZATION

The Company was
incorporated under the laws of the State of Nevada on June 16, 1977 with
authorized common stock of 2,500 shares with a par value of $0.25. On October
16, 1998 the authorized capital stock was increased to 100,000,000 shares with a
par value of $0.001.

On October 16, 1998 the
Company completed a forward common stock split of eight shares for each
outstanding share. This report has been prepared showing after stock split
shares with a par value of $.001 from inception.

The Company is in the
development stage and has been engaged in the activity of seeking developmental
mining properties however it became inactive after 1982.

## 2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes
income and expenses based on the accrual method of accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Income Taxes

On September 30, 2000, the
Company had a net operating loss carry forward of $79,733. The tax benefit from
the loss carry forward has been fully offset by a valuation reserve because the
use of the future tax benefit is undeterminable since the Company has no
operations. $64,500 of the net operating loss has expired and the remaining
amount will expire in 2022.

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per
share amounts are computed based on the weighted average number of shares
actually outstanding. Diluted net income (loss) per share amounts are computed
using the weighted average number of common shares and common equivalent shares
outstanding as if shares had been issued on the exercise of the preferred share
rights unless the exercise becomes antidilutive and then only the basic per
share amounts are shown in the report.

Financial Instruments

The carrying amounts of
financial instruments, including accounts payable are considered by management
to be their estimated fair values.

---

## TURINCO,  INC.
                                                (Development Stage Company)
                                                NOTES TO FINANCIAL STATEMENTS
(continue)

Estimates and Assumptions

Management uses estimates
and assumptions in preparing financial statements in accordance with generally
accepted accounting principles. Those estimates and assumptions affect the
reported amounts of the assets and liabilities, the disclosure of contingent
assets and liabilities, and the reported revenues and expenses. Actual results
could vary from the estimates that were assumed in preparing these financial
statements.

Comprehensive Income

The Company  adopted  Statement of Financial  Accounting  Standards  No. 130. The adoption of this  standard had no
impact on the total stockholder's equity.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting pronouncements will
have a material impact on its  financial statements.

## 3. RELATED
PARTY TRANSACTIONS

The statement of changes in
stockholders equity shows 802,000 shares of common stock outstanding of
which 170,000 shares were issued to related parties.

## 4. GOING
CONCERN

The Company intends to
acquire interests in various business opportunities which, in the opinion of
management, will provide a profit to the Company, however there is insufficient
working capital for any future planned activity.

Continuation of the Company
as a going concern is dependent upon obtaining additional working capital and
the management of the Company has developed a strategy, which it believes will
accomplish this objective through additional equity funding and long term debt
which will enable the Company to conduct operations for the coming year.

---

ITEM 2.   PLAN OF OPERATIONS

The Companys
management is seeking and intends to acquire interests in various business
opportunities which, in the opinion of management, will provide a profit to the
Company but it does not have the working capital to be successful in this
effort.

Continuation of the Company
as a going concern is dependent upon obtaining the working capital necessary for
its planned activity. The management of the Company has developed a strategy,
which they believe can obtain the needed working capital through additional
equity funding and long term debt which will enable the Company to continue
operations for the coming year.

Liquidity and Capital Resources

The Company will need
additional working capital to finance its planned activity.

Results of Operations

The Company has had no operations during this reporting period.

PART 2 - SIGNATURES



                                                         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 there unto duly
authorized.