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 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 number
000-30721

                                GOLDEN HOLE, INC.
               (Exact name of registrant as specified in charter)

               Nevada                                            87-0621339
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

   10826 Omaha Trace, Union, KY                                         41091
(Address of principal executive offices)                              (Zip Code)

                                 (859) 384-9430
               Registrant's telephone number, including area code

                                      N/A
(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.


Outstanding as of June 30, 2000
Common Stock, $0.001                                            465,000

                                Page 1 of 9 Pages
<PAGE>




                                      INDEX

                                                                          Page
                                                                          Number

PART I.

          ITEM 1. Financial Statements ( unaudited)......................  3
                  BALANCE SHEETS
                      June 30, 2000, and December 31, 1999...............  4

                  STATEMENTS OF OPERATIONS
                       For the Period Ended June 30, 2000,
                             and December 31, 1999.......................  5

                  STATEMENT OF CASH FLOWS
                       For the Period Ended June 30, 2000,
                              and December 31, 1999......................  6


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

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

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

                               Page 2 of 9 Pages
<PAGE>

                         PART I - FINANCIAL INFORMATION




                          ITEM 1. FINANCIAL STATEMENTS




     The  accompanying  balance sheets of Golden Hole, Inc. ( development  stage
company) at June 30, 2000 and at December  31,  1999,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 June 30, 2000, are not necessarily
indicative of the results that can be expected for the year ending  December 31,
2000.

                               Page 3 of 9 Pages
<PAGE>



                                GOLDEN HOLE, INC.
                          ( Development Stage Company)
                                 BALANCE SHEETS
                      June 30, 2000, and December 31, 1999


<TABLE>
<CAPTION>

<S>                                                  <C>                <C>


                                                       Jun 30,          Dec 31,
                                                        2000             2000
                                                       -------          -------
ASSETS

CURRENT ASSETS

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

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


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

   Accounts payable                                  $     -              $1,000
                                                       -------          -------

       Total Current Liabilities                           -              $1,000
                                                       =======          =======

STOCKHOLDERS' EQUITY

   Common stock

        100,000,000 shares authorized, at $0.001 par
        value; 465,000 shares issued and outstanding
        on March 31, 2000; 375,000 on Dec 31, 1997      465                465

   Capital in excess of par value                     33,535             33,535

    Deficit accumulated during the development stage (35,000)           (35,000)
                                                       -------          -------

       Total Stockholders' Equity (deficiency)        (1,000)            (1,000)

                                                    $      -           $     -
                                                       =======          =======
</TABLE>

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

                               Page 4 of 9 Pages
<PAGE>



                                GOLDEN HOLE, INC.
                          ( Development Stage Company)
                            STATEMENTS OF OPERATIONS
                       For the Period Ended June 30, 2000,
                             and December 31, 1999
<TABLE>
<CAPTION>



<S>                                                  <C>             <C>


                                                      Jun 30            Dec 31
                                                       2000              1999
                                                      --------       --------

REVENUES                                              $    -         $     -

EXPENSES                                                   -            1,000
                                                      --------       --------
NET LOSS                                              $    -         $ (1,000)
                                                      ========       ========



NET LOSS PER COMMON
   SHARE

   Basic                                              $ (.002)       $ (.002)
                                                      --------       --------


AVERAGE  OUTSTANDING
    SHARES

     Basic                                             465,000        465,000
                                                      --------       --------
</TABLE>

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

                               Page 5 of 9 Pages
<PAGE>



                                GOLDEN HOLE, INC.
                           (Development Stage Company)
                             STATEMENT OF CASH FLOWS
                       For the Period Ended June 30, 2000,
                              and December 31, 1999

<TABLE>
<CAPTION>

                                                     Jun 30            Dec 31
                                                       2000              1999
                                                     --------       --------

<S>                                                  <C>             <C>
CASH FLOWS FROM
   OPERATING ACTIVITIES
   Net loss                                          $    -          $(1,000)



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




          Net Cash Used in Operations
CASH FLOWS FROM INVESTING
   ACTIVITIES                                        $    -          $    -
                                                     --------       --------


CASH FLOWS FROM FINANCING
   ACTIVITIES                                        $    -          $    -

       Proceeds from issuance of common stock        $    -          $    -
                                                     --------       --------

   Net Increase (Decrease) in Cash                   $    -          $    -

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

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


</TABLE>






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

                               Page 6 of 9 Pages
<PAGE>



                                GOLDEN HOLE, INC.
                          ( Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS




1.     ORGANIZATION

     The  Company  was  incorporated  under  the laws of the  State of Nevada on
December 11, 1985 with the name of  "Nostromo  Construction  Corporation."  with
authorized  common stock of 2,500 shares at a par value of $0.01. On October 16,
1998 the authorized capital stock was increased to 100,000,000 shares with a par
value of $.001 in connection with a name change to "Golden Hole, Inc.".

     On August 15, 1998 the Company  completed a forward  common  stock split of
150 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 and was inactive after 1998.

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 adopted a policy regarding payment of dividends.

Income Taxes
------------

     At June 30,  2000 the  Company had a net  operating  loss carry  forward of
$34,000.  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. The net operating loss will expire in 2019.

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.

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.

                               Page 7 of 9 Pages


<PAGE>
                                GOLDEN HOLE, INC.
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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.

Financial Instruments
---------------------

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

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.

3.  RELATED PARTY TRANSACTIONS

     The statement of changes in  stockholder's  equity shows 465,000  shares of
common  stock  outstanding  of which  159,000  shares  were  acquired by related
parties.

4.  GOING CONCERN

     The Company will need  additional  working  capital to be successful in its
planned operations.

     Continuation  of the Company as a going concern is dependent upon obtaining
additional working capital for any future planned activity and the management of
the Company has  developed a strategy,  which it believes will  accomplish  this
objective through equity funding, and long term financing, which will enable the
Company to continue to operate.

     There can be no assurance,  however,  that the Company can be successful in
this effort.

                               Page 8 of 9 Pages
<PAGE>


                           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 to provide working  capital 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 be successful in its planned efforts.

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 thereunto duly authorized.

                                GOLDEN HOLE, INC.
                                  [Registrant]


                                                         /s/ Gregory F. Martini
                                                         ----------------------
Dated   14th August, 2000                               BY:  GREGORY F. MARTINI
        -----------------                               ITS: President

                               Page 9 of 9 Pages
<PAGE>