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 Quarter ended June 30, 2000

               [ ] 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 0-15893
                                     -------

                                 RCA TRADING CO.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

       Florida                                               13-4025362
------------------------                             ------------------------
(State or other jurisdiction                         (IRS Employer ID Number)
of incorporation or organization)

          1512 Palisades Avenue, Suite 10F, Fort Lee, New Jersey 10022
          ------------------------------------------------------------
                    (Address of principal executive offices)

                                 (201) 302-0610
                            --------------------------
                            Issuer's Telephone Number

             551 Fifth Avenue, Suite 1120, New York, New York 10176
             --------------------------------------------------------
             (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), AND (2) HAS BEEN SUBJECT TO
                          SUCH FILING REQUIREMENTS FOR
                                THE PAST 90 DAYS.

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

As of July 31, 2000, the issuer had 6,437,175  shares of common stock, par value
$.001 per share issued and outstanding.


<PAGE>



                                     PART I

Item 1. Financial Statements

                                 RCA TRADING CO.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                 FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999
                   AND FOR THE PERIOD MAY 6, 1996 (INCEPTION)
                              THROUGH JUNE 30, 2000



















<PAGE>




                                TABLE OF CONTENTS




Page No.

ACCOUNTANT'S REPORT................................................      1

FINANCIAL STATEMENTS

             Balance sheets........................................      2

             Statements of Operations..............................      3

             Statements of Changes in Stockholders' Deficit........      4

             Statements of Cash Flows..............................      5

             Notes to Financial Statements.........................      6

<PAGE>
                               STEWART H. BENJAMIN
                        CERTIFIED PUBLIC ACCOUNTANT, P.C.

                              27 SHELTER HILL ROAD
                               PLAINVIEW, NY 11803

                            TELEPHONE: (516) 933-9781
                            FACSIMILE: (516) 827-1203

To the Board of Directors and Stockholders
RCA Trading Co.
New York, New York

I have reviewed the  accompanying  balance  sheets of RCA Trading Co. (a Florida
corporation  in the  development  stage) as of June 30,  2000 and 1999,  and the
related statements of operations,  stockholders' deficit and cash flows, for the
six months then ended and for the period from May 6, 1996  (inception),  to June
30, 2000 in accordance  with  Statements on Standards for  Accounting and Review
Services, issued by the American Institute of Certified Public Accountants.  All
information  included in these financial statements is the representation of the
management of RCA Trading Co.

A review consists  principally of inquiries of Company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, I do not express such an opinion.

Based on my reviews, I am not aware of any material modifications that should be
made  to the  accompanying  financial  statements  in  order  for  them to be in
conformity with generally accepted accounting principles.

Stewart H. Benjamin
Certified Public Accountant, P.C.


Plainview, New York
July 25, 2000

<PAGE>

                                 RCA TRADING CO.
                          (A Development Stage Company)

                                 Balance Sheets

                                     ASSETS

<TABLE>
<CAPTION>
                                                                                   June 30,          December 31,
                                                                                     2000               1999
                                                                                  (Unaudited)         (Audited)
<S>                                                                           <C>                 <C>
Current assets:
    Cash                                                                      $           549     $          1,888
    Securities available-for-sale  (Note 2)                                             2,400                4,680
                                                                               --------------      ---------------

          Total current assets                                                          2,949                6,568

Other assets:  (Note 1)
    Organization costs, net                                                                33                   53
                                                                               --------------      ---------------
                                                                              $         2,982     $          6,621
                                                                               ==============      ===============


                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accrued expenses                                                           $           385     $           1,000
   Due to stockholder  (Note 5)                                                         8,076                 8,076
                                                                               --------------      ----------------
         Total current liabilities                                                      8,461                 9,076
                                                                               --------------      ----------------

Stockholders' deficit:  (Note 3)
   Common stock; $.001 par value; authorized -
      10,000,000 shares; issued and outstanding -
      6,437,175 shares in 2000 and 6,422,925 in 1999                                    6,437                 6,423
   Additional paid-in capital                                                          49,069                47,658
   Deficit accumulated during the development stage                                   (60,385)              (58,216)
   Unrealized gain (loss) on marketable securities                                       (600)                1,680
                                                                               --------------      ----------------


        Total stockholders' deficit                                                    (5,479)               (2,455)
                                                                               --------------      ----------------


                                                                              $         2,982     $           6,621
                                                                               ==============      ================
</TABLE>

             See accompanying notes and accountant's review report.

                                       2
<PAGE>


                                 RCA TRADING CO.
                          (A Development Stage Company)

                            Statements of Operations

<TABLE>
<CAPTION>
                                                                       Six             Six           May 6, 1996
                                                                  Months Ended    Months Ended     (inception) to
                                                                     June 30,        June 30,          June 30,
                                                                      2000            1999              2000
                                                                 ---------------  -------------     --------------
<S>                                                              <C>                <C>              <C>
Commission income                                                $          --    $      27,500    $       27,500
                                                                  ------------    -------------     -------------

Costs and expenses:
   Amortization                                                  $          20    $          10    $          167
   General and administrative                                            2,149           46,862            87,718
                                                                   -----------     ------------     -------------
                                                                         2,169           46,872            87,885
                                                                   -----------     ------------     -------------

Net loss                                                         $      (2,169)  $      (19,372)   $      (60,385)
                                                                  ============     ============     =============

Loss per common share                                            $        (.00)  $         (.00)
                                                                  ============     ============

Weighted average common shares outstanding                           6,423,082        6,163,500
                                                                  =============    ============
</TABLE>

             See accompanying notes and accountant's review report.

                                       3

<PAGE>
                                 RCA TRADING CO.
                          (A Development Stage Company)

                 Statements of Changes in Stockholders' Deficit
             For the Period May 6, 1996 (Inception) to June 30, 2000


<TABLE>
<CAPTION>
                                                                                                   Deficit              Unrealized
                                                   Common Stock               Additional         Accumulated             Gain on
                                             ------------------------           Paid-in            from                Marketable
                                        Shares              Amount              Capital          Inception             Securities
                                      -----------        ------------        -----------         ------------       ----------------

<S>                                     <C>              <C>                <C>                 <C>                 <C>
Balances, May 6, 1996 (inception)              --        $        --        $         --        $         --        $        --

    Sale of common stock                  400,000                400              33,500                  --                 --

    Net loss for the period                                                                          (32,748)
                                     -------------         ----------         -----------         -----------         ----------

Balances, December 31, 1996               400,000                400              33,500             (32,748)                --

    Sale of common stock                5,758,000              5,758               4,842                  --                 --

    Net loss                                                                                         (10,471)
                                     -------------         ----------         -----------         -----------         ----------

Balances, December 31, 1997             6,158,000              6,158              38,342             (43,219)                --

    Sale of common stock                    5,500                  6               3,245                  --                 --

    Change in unrealized gain on
    marketable securities                      --                 --                  --                  --             38,250

    Net loss                                                                                          (2,908)
                                     -------------         ----------         -----------         -----------         ----------

Balances, December 31, 1998             6,163,500              6,164              41,587             (46,127)            38,250

    Sale of common stock                  259,425                259               6,071                  --                 --

    Change in unrealized gain on
    marketable securities                      --                 --                  --                  --            (36,570)

    Net loss                                                                                         (12,089)
                                     -------------         ----------         -----------         -----------         ----------

Balances, December 31, 1999             6,422,925        $     6,423        $     47,658        $    (58,216)       $     1,680

    Sale of common stock                   14,250                 14               1,411                  --                 --

    Change in unrealized gain on
    marketable securities                      --                 --                  --                  --             (2,280)

    Net loss                                                                                          (2,169)
                                     -------------         ----------         -----------         -----------         ----------

Balances, June 30, 2000                 6,437,175        $     6,437        $     49,069        $    (60,385)       $      (600)
                                     =============         ==========         ===========         ===========         ==========
</TABLE>

             See accompanying notes and accountant's review report.

                                       4


<PAGE>


                                 RCA TRADING CO.
                          (A Development Stage Company)

                            Statements of Cash Flows

<TABLE>
<CAPTION>
                                                                        Six               Six         May 6, 1996
                                                                  Months Ended      Months Ended     (inception) to
                                                                     June 30,          June 30,         June 30,
                                                                       2000             1999              2000
                                                                   ------------     ------------     --------------
<S>                                                              <C>              <C>               <C>
Cash flows from operating activities:
   Net loss                                                      $       (2,169)  $      (19,372)   $      (60,385)
   Adjustments to reconcile net loss to net
      cash provided by (used in) operating activities:
      Amortization                                                           20               10               167
      Common stock issued for services                                       --               --                --
      Changes in assets and liabilities:
       Increase (decrease) in accrued expenses                             (615)          13,000               385
       Increase (decrease) in amounts
           due to stockholder                                                --            6,500             8,076
                                                                   ------------    -------------      ------------

       Net cash provided by (used in) operating activities               (2,764)             138           (51,757)
                                                                   ------------    -------------      ------------

Cash flows from investing activities:

   Organization costs                                                        --               --              (200)
   Investment in marketable securities                                       --               --            (3,000)
                                                                   ------------    -------------      ------------


       Net cash used in investing activities                                 --               --            (3,200)
                                                                   ------------    -------------      ------------

Cash flows from financing activities:

   Proceeds from sale of common stock                                     1,425              200            55,506
                                                                   ------------    -------------      ------------
       Net cash provided by financing activities                          1,425              200            55,506
                                                                   ------------    -------------      ------------

Net increase (decrease) in cash                                          (1,339)             338               549
Cash at beginning of period                                               1,888              107                --
                                                                   ------------    -------------      ------------

Cash at end of period                                             $         549    $         445     $         549
                                                                   ============     ============      ============



Supplemental disclosure of noncash investing and financing activities:

   Common stock issued for organizational costs                   $          --    $          --     $          --
                                                                   ============     ============      ============
   Common stock issued for services and costs advanced            $          --    $          --     $          --
                                                                   ============     ============      ============
   Change in unrealized gain on securities available-for-sale     $      (2,280)   $          --     $        (600)
                                                                   ============     ============      ============

</TABLE>



             See accompanying notes and accountant's review report.

                                       5

<PAGE>


                                 RCA TRADING CO.
                          (A Development Stage Company)
                          Notes to Financial Statements



Note 1 - Summary of Significant Accounting Policies

Description of Business

The financial  statements  presented are those of RCA Trading Co., a development
stage company (the "Company").  The Company was  incorporated  under the laws of
the State of Florida on May 6, 1996.  The Company's  activities,  to date,  have
been primarily directed towards the raising of capital.

As shown in the  financial  statements,  as of June 30,  2000,  the  Company has
incurred an  accumulated  deficit of $60,385 and has $549 in cash. The Company's
continued existence is dependent on its ability to generate sufficient cash flow
to meet its obligations on a timely basis. Accordingly, the financial statements
do not include any  adjustments  that might be  necessary  should the Company be
unable to continue in  existence.  The  Company  has been  exploring  sources to
obtain additional  equity or debt financing.  The Company has also indicated its
intention to participate in one or more as yet unidentified  business  ventures,
which  management  will select after  reviewing the business  opportunities  for
their profit or growth potential.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect the  reporting  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 period.  Actual results
could differ from those estimates.

Securities Available-For-Sale

Securities  available-for-sale  consist  of  marketable  equity  securities  not
classified as trading securities.  Securities  available-for-sale  are stated at
fair value,  and unrealized  holding gains and losses are reported as a separate
component of stockholders' equity.

Dividends  on  marketable  equity  securities  are  recognized  in  income  when
declared.  Realized  gains and losses are  determined on the basis of the actual
cost of the securities sold.

Organization Costs

Organization costs are amortized using the straight-line method over five years.

Fair Value of Financial Instruments

The fair value of the Company's payables due to a stockholder is not practicable
to estimate due to the related party nature of the underlying  transactions  and
the indefinite payment terms.

                                       6
<PAGE>


Income Taxes

Deferred  tax  assets  and   liabilities  are  recognized  for  the  future  tax
consequences   attributable  to  differences  between  the  financial  statement
carrying  amounts of existing assets and  liabilities  and their  respective tax
bases.  Deferred tax assets and liabilities are measured using enacted tax rates
expected  to apply to  taxable  income  in the  years in which  those  temporary
differences  are  expected  to reverse.  The effect on  deferred  tax assets and
liabilities  of a  change  in  tax  rates  is  recognized  in the  statement  of
operations in the period that includes the enactment date.

Loss Per Common Share

Loss per common  share is  computed  by  dividing  the net loss by the  weighted
average shares outstanding during the period.

Note 2 - Securities Available-For-Sale

The amortized cost and fair value of securities  available-for-sale  at June 30,
2000 are as follows:

         Amortized cost                    $     3,000
         Gross unrealized loss                    (600)
                                            ----------
         Fair value                        $     2,400
                                            ==========

Securities  available-for-sale  at June 30, 2000  consists  of 30,000  shares of
Radio World Corp.,  which is traded on the OTC Bulletin Board.  The Company sold
no securities during the six months ended June 30, 2000 and 1999.

Note 3 - Stockholders' Deficit

Common Stock

Since the date of inception,  the Company has issued  6,437,175 shares of common
stock, 5,410,000 of which were for services and costs advanced,  valued at $.001
per share. These shares were issued to officers and consultants of the Company.

Dividends  may be paid  on  outstanding  shares  as  declared  by the  Board  of
Directors. Each share of common stock is entitled to one vote.

Note 4 - Income Taxes

There is no  provision  for income  taxes  since the Company  has  incurred  net
operating  losses.  At  June  30,  2000,  the  Company  has net  operating  loss
carryforwards  of $60,385 which may be available to offset future taxable income
through 2020.

                                       7
<PAGE>

Note 5 - Related Party Transactions

The Company was indebted to a stockholder for the purchase of marketable  equity
securities  and  expenses  advanced on behalf of the  Company,  in the amount of
$8,076 at June 30, 2000. There are no specific terms for repayment on the amount
due to stockholder.

Office facilities are provided to the Company by an officer at no cost.












                                       8
<PAGE>

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

         The Company is  considered  a  development  stage  company with limited
assets or capital,  and with  limited  operations  or income  since 1996.  It is
anticipated  that the Company will require only nominal  capital to maintain the
corporate  viability  of the Company and any  additional  needed funds will most
likely be provided by the Company's  existing  shareholders  or its officers and
directors in the immediate future. Current shareholders have not agreed upon the
terms and conditions of future financing and such undertaking will be subject to
future negotiations.  Repayment of any such funding will also be subject to such
negotiations.  However,  unless the Company is able to facilitate an acquisition
of or merger with an operating business or is able to obtain significant outside
financing,  there is substantial  doubt about its ability to continue as a going
concern.

In the  opinion of  management,  inflation  has not and will not have a material
effect  on  the  operations  of the  Company  until  such  time  as the  Company
successfully  completes an acquisition or merger. At that time,  management will
evaluate the  possible  effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

         Management plans may but do not currently provide for experts to secure
a successful  acquisition  or merger partner so that it will be able to continue
as a going  concern.  In the  event  such  efforts  are  unsuccessful,  existing
shareholders  have  expressed an interest in additional  funding if necessary to
continue  the Company as a going  concern,  and to provide  funding for required
future filings under the Securities Exchange Act of 1934.

Plan of Operation

         During the next twelve  months,  the Company will actively seek out and
investigate possible business  opportunities with the intent to acquire or merge
with one or more business  ventures.  In its search for business  opportunities,
management  will follow the  procedures  outlined in Item 1, above.  Because the
Company has limited funds, it may be necessary for the officers and directors to
either  advance funds to the Company or to accrue  expenses until such time as a
successful  business  consolidation  can be made. The Company will not make it a
condition  that the target company must repay funds advanced by its officers and
directors.  Management  intends  to hold  expenses  to a  minimum  and to obtain
services on a contingency basis when possible.  Further, the Company's directors
will defer any  compensation  until such time as an acquisition or merger can be
accomplished. However, if the Company engages outside advisors or consultants in
its search for business  opportunities,  it may be necessary  for the Company to
attempt to raise  additional  funds. As of the date hereof,  the Company has not
made any  arrangements  or  definitive  agreements  to use  outside  advisors or
consultants or to raise any capital. In the event the Company does need to raise
capital,  most  likely the only  method  available  to the  Company  would be to


                                        1


<PAGE>



private  sale of its  securities.  Because  of the  nature of the  Company  as a
development  stage  company,  it is unlikely that it could make a public sale of
securities or be able to borrow any  significant sum from either a commercial or
private  lender.  There can be no  assurance  that the  Company  will be able to
obtain  additional  funding  when  and if  needed,  or  that  such  funding,  if
available, can be obtained on terms acceptable to the Company.

         The Company  does not intend to use any  employees,  with the  possible
exception of  part-time  clerical  assistance  on an  as-needed  basis.  Outside
advisors or  consultants  will be used only if they can be obtained  for minimal
cost or on a deferred  payment  basis.  Management is convinced  that it will be
able to  operate  in  this  manner  and to  continue  its  search  for  business
opportunities during the next twelve months.

Year 2000 Compliance

         The Year 2000 Issue is the result of potential  problems  with computer
systems or any equipment  with computer  chips that use dates where the date has
been stored as just two digits (e.g. 98 for 1998). On January 1, 2000, any clock
or date recording  mechanism  including date sensitive  software which uses only
two digits to represent the year,  may have  recognized the date using 00 as the
year 1900 rather than the year 2000.  This may have resulted in a system failure
or  miscalculations  causing  disruption of  operations,  including  among other
things, a temporary inability to process transactions,  send invoices, or engage
in similar activities.

         The Company has confirmed that its systems are year 2000 Compliant.  It
has experience no Y2K problems to date.

         The Company  believes  that it has disclose  all  required  information
relative to Year 2000 issues relating to its business and  operations.  However,
there can be no  assurance  that the  systems  of other  companies  on which the
Company's systems rely also will be timely converted or that any such failure to
convert by another  company  would not have an adverse  affect on the  Company's
systems.

Forward-Looking Statements

         This Form  10-QSB  includes  "forward-looking  statements"  within  the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities  Exchange Act of 1934, as amended.  All statements,  other
than  statements of historical  facts,  included or incorporated by reference in
this Form 10-QSB which  address  activities,  events or  developments  which the
Company expects or anticipates,  will or may occur in the future, including such
things as future capital expenditures (including the amount and nature thereof),
finding suitable merger or acquisition  candidates,  expansion and growth of the
Company's  business and operations,  and other such matters are  forward-looking
statements.  These statements are based on certain assumptions and analysis made
by the  Company in light of its  experience  and its  perception  of  historical
trends,  current  conditions and expected  future  developments as well as other


                                        2


<PAGE>



factors it believes  are  appropriate  in the  circumstances.  However,  whether
actual results or developments will conform with the Company's  expectations and
predictions is subject to a number of risks and uncertainties,  general economic
market and business  conditions;  the business  opportunities  (or lack thereof)
that  may be  presented  to and  pursued  by the  Company;  changes  in  laws or
regulation;  and other  factors,  most of which are  beyond  the  control of the
Company.  Consequently,  all of the forward-looking statements made in this Form
10-QSB  are  qualified  by these  cautionary  statements,  and  there  can be no
assurance  that the actual  results or  developments  anticipated by the Company
will be realized  or, even if  substantially  realized,  that they will have the
expected consequence to or effects on the Company or its business or operations.
The  Company   assumes  no  obligations  to  update  any  such   forward-looking
statements.

                                     PART II

Item 6.  Exhibits and reports on Form 8-K

         (a)      The  exhibits  required  to be filed  herewith  by Item 601 of
                  regulation  S-B,  as  described  in  the  following  index  of
                  exhibits, are incorporated herein by reference, as follows:

Exhibit No.       Description

3(i).1            Articles of Incorporation of RCA Trading Co. (1)

3(ii).1           By-Laws of RCA Trading Co. (1)

27.1              Financial data Schedule *


(1) Incorporated by reference from the Form 10-SB filed by the Company on
    May 17, 2000.
 *   Filed herewith
-----------

         (b) No Reports on Form 8-K were filed during the quarter ended
             June 30, 2000


                                        3


<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) 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.

Dated August 9, 2000

                                                RCA TRADING CO.


                                                By:s/s Dominick Pope
                                                   -------------------------
                                                   Dominick Pope, President

                                                   S/James Season
                                                   -------------------------
                                                   James Season, Secretary





                                        4