SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549


                                 FORM 10-QSB


     Quarterly report under Section 13 or 15(d) of the Securities Exchange
                                   Act of 1934

                For the quarterly period ended June 30, 2001
                     Commission file number 333-41206

               Clip 'N Pierce Fashions, Inc.
             ----------------------------------------------
             (Name of Small Business Issuer in its Charter)

             Delaware                                     33-0850014
  ------------------------------                      ------------------
 (State or Other Jurisdiction of                       I.R.S. Employer
  Incorporation or Organization)                       Idenification No.

   4190 Bonita Road #105, Bonita CA                           91902
  ---------------------------------------                 ----------
  (Address of Principal Executive Offices)                (ZIP Code)

                             (619) 267-0450
           ------------------------------------------------
           (Issuer's Telephone Number, Including Area Code)

                         Not applicable
    --------------------------------------------------------------
   (Former Name, Former Address and Former Fiscal Year, 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 registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes  [X]        No  [ ]
     ---            ---

There were 8,400,000 shares of Common stock outstanding as of
August 1, 2001.

                                                                1


                                     PART I

Item 1. Financial Statements.
                            Microsoft Word 10.0.2930;
                          CLIP `N PIERCE FASHIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                              FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2001





<PAGE>







                          CLIP `N PIERCE FASHIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)



                                    CONTENTS


PAGE   1   ACCOUNTANTS' REVIEW REPORT

PAGE   2   BALANCE SHEET AS OF JUNE 30, 2001 (UNAUDITED) AND DECEMBER 31, 2000

PAGE   3   STATEMENTS OF  OPERATIONS  FOR THE THREE AND SIX MONTHS ENDED
           JUNE 30, 2001 AND 2000 (UNAUDITED)  AND FOR THE PERIOD  FROM
           APRIL 14,  1999  (INCEPTION)  TO JUNE 30, 2001 (UNAUDITED)

PAGE   4   STATEMENTS  OF CASH  FLOWS  FOR  THE  SIX  MONTHS  ENDED
           JUNE  30,  2001  AND  2000 (UNAUDITED)  AND FOR THE PERIOD  FROM
           APRIL 14,  1999  (INCEPTION)  TO JUNE 30, 2001 (UNAUDITED)

PAGE   5   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)


<PAGE>






                           ACCOUNTANTS' REVIEW REPORT




To the Board of Directors of:
  Clip `N Pierce Fashions, Inc.
  (A Development Stage Company)


We have reviewed the accompanying balance sheet of Clip `N Pierce, Inc. (a
development stage company) as of June 30, 2001 and the related statements of
operations and cash flows for the three and six months ended June 30, 2001 and
2000, and for the period from April 14, 1999 (inception) to June 30, 2001. These
financial statements are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute of Certified Public procedures to financial data and making inquiries
of persons responsible for financial and accounting Accountants. A review of
interim financial information consists principally of applying analytical
matters. It is substantially less in scope than an audit conducted 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, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with accounting principles generally accepted in the United States of
America.




WEINBERG & COMPANY, P.A.



Boca Raton, Florida
July 27, 2001
                                       1
<PAGE>


                          CLIP `N PIERCE FASHIONS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET






                                     ASSETS

                                                   June 30, 2001  December 31,
                                                    (Unaudited)       2000
                                                  --------------  -----------

CURRENT ASSETS
 Cash                                            $      957      $     5,515
                                                 ------------    --------------

TOTAL ASSETS                                     $      957      $     5,515
------------
                                                 ============    =============


                      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accrued expenses                                $    5,832      $     1,100
                                                 ------------    -------------

      Total Liabilities                               5,832            1,100
                                                 ------------    --------------

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
 Preferred stock, $0.001 par value,
  20,000,000 shares authorized, none                    -                 -
  issued and outstanding
 Common stock, $0.0001 par value, 50,000,000
  shares authorized, 8,400,000                          840              840
  shares issued and outstanding
 Additional paid-in capital                          19,256           13,256
 Deficit accumulated during development stage       (24,971)          (9,681)
                                                  -----------     ------------

      Total Stockholders' Equity (Deficit)          (4,875)           4,415
                                                  -----------     ------------

TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                                 $    957       $    5,515
------------------------------------------
                                                 ============     ============


See accompanying notes and accountants' review report.
                                        2


<PAGE>

<TABLE>
<CAPTION>

                          CLIP `N PIERCE FASHIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


                                   For the Three    For the Three      For the Six Months     For the Six Months   For the Period
                                   Months Ended    Months Ended June   Ended June 30, 2001       Ended June 30,         from
                                   June 30, 2001       30, 2000                                       2000          April 14, 1999
                                                                                                                   (Inception) to
                                                                                                                    June 30, 2001
                                   ------------    ----------------    ------------------     ------------------   ---------------


<S>                               <C>            <C>                 <C>                     <C>                   <C>

INCOME                             $      -       $           -                     -                      -                   -
                                    ------------   -----------------   -------------------    -------------------   ---------------

EXPENSES:

  General and administrative               324                 587                 3,154                    681             5,598
  Professional fees                      9,236               1,719                12,136                  2,970            19,373
                                 ------------   -----------------       ------------------    ----------=--------   --------------
     Total Expenses                      9,560               2,306                15,290                  3,651            24,971
                                    ------------   -----------------   -------------------    -------------------   ---------------

NET LOSS                           $    (9,560)   $         (2,306)   $          (15,290)    $           (3,651)   $      (24,971)
--------
                                    ============   =================   ===================    ===================   ===============

NET LOSS PER SHARE - BASIC
AND DILUTED                        $      -       $           -       $             -        $             -       $           -
                                    ============   =================   ===================    ===================   ==============

WEIGHTED AVERAGE NUMBER OF
   SHARES OUTSTANDING DURING         8,400,000           8,400,000             8,400,000              8,400,000         8,400,000
   THE PERIOD - BASIC AND DILUTED
                                    ============   =================   ===================    ===================   ===============

</TABLE>

See accompanying notes and accountants' review report.
                                        3

<PAGE>


                          CLIP `N PIERCE FASHIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                      For the Six       For the Six       For the Period
                                                     Months Ended      Months Ended            from
                                                    June 30, 2001     June 30, 2000      April 14, 1999
                                                                                        (Inception) to
                                                                                         June 30, 2001
<S>                                                <C>               <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

  Net loss                                         $      (15,290)   $       (3,651)   $        (24,971)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Expenses paid by promoter                                -                 -                    456
    Accrued expenses                                        4,732              -                  5,832
                                                   --------------    ---------------    ---------------
       Net Cash Used In Operating Activities              (10,558)           (3,651)            (18,683)
                                                   --------------    ---------------    ---------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Capital contributed by a principal stockholder            6,000             5,000              18,800
  Proceeds from common stock issuance                        -                 -                    840
                                                   --------------    ---------------    ---------------
       Net Cash Provided By Financing Activities            6,000             5,000              19,640
                                                   --------------    ---------------    ---------------
NET INCREASE (DECREASE) IN CASH                            (4,558)            1,349                 957

CASH - BEGINNING OF PERIOD                                  5,515               840                -
                                                   --------------    ---------------    ---------------
CASH - END OF PERIOD                               $          957    $        2,189    $            957
------------------------------------------------   -==============   -=============    -=================

</TABLE>

See accompanying notes and accountants' review report.
                                        4




<PAGE>


                          CLIP `N PIERCE FASHIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)


                                        5

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       (A) Organization and Description of Business

       Clip 'N Pierce Fashions, Inc. (a development stage company)
       (the "Company") was incorporated in Delaware on April 14, 1999.

       The Company's principal stockholder designed a unique jewelry product to
       bridge a gap between clip-on and pierced type jewelry products. The
       design was contributed to the Company at zero cost basis and the Company
       intends to have the product manufactured by third party subcontractors
       and marketed through jewelry stores and similar outlets.

       The Company's activities during the development stage have included
       corporate formation, stock issuance, product design and marketing
       studies.

       For further information, refer to the financial statements and footnotes
       included in the Company's Form 10-KSB, filed on March 28, 2001.

NOTE 2 STOCKHOLDERS' EQUITY (DEFICIT)

       During the six months ended June 30, 2001 the Company received a capital
       contribution of $6,000.

NOTE 3 SUBSEQUENT EVENT

       In August 2001 the Company received another capital contribution
       of $6,000

                                        6

Managements Discussion and Analysis of Financial Condition and
Results of Operations

Certain Forward-Looking Information

Information provided in this Quarterly Report on Form 10QSB may contain
forward-looking statements within the meaning of Section 21E or Securities
Exchange Act of 1934 that are not historical facts and information.  These
statements represent the Company's expectations or beliefs, including, but not
limited to, statements concerning future and operating results, statements
concerning industry performance, the Company's operations, economic
performance, financial conditions, margins and growth in sales of the
Company's products, capital expenditures, financing needs, as well
assumptions related to the forgoing.  For this purpose, any statements
contained in this Quarterly Report that are not statements of historical fact
may be deemed to be forward-looking statements.  These forward-looking
statements are based on current expectations and involve various risks and
uncertainties that could cause actual results and outcomes for future periods
to differ materially from any forward-looking statement or views expressed
herein.  The Company's financial performance and the forward-looking
statements contained herein are further qualified by other risks including
those set forth from time to time in the documents filed by the Company with
the Securities and Exchange Commission, including the Company's most recent
Forms SB-2 and 10KSB.

Condition and Results of Operations.

Three months ended June 30, 2001 and 2000.

Net sales were $0 for the quarters ended June 30, 2001 and 2000.

Operating Expenses were $9,560 for the quarter ended June 30, 2001 and $2,306
for the same quarter in 2000.  This increase is attributed to accounting and
audit expenses.

On June 30, 2001 the Company had a Stockholder's equity (Deficit) of ($4,875)
and on June 30, 2000 of $4,415.


Clip 'n Pierce has sufficient cash resources to operate at the present level
of expenditure for the next twelve months. On February 28, 2000 a major
shareholder, EFM Venture Group, Inc. contributed $5,000 and on November 28,
2000 another $5,000 to the capital of the Company and on January 12, 2001,
$6,000.  On August 2, 2001 EFM Venture Group, Inc. contributed $6,000 to the
capital of the Company. Clip 'n Pierce may raise additional capital either
through debt or equity.  No assurances can be given that such efforts will be
successful. The Company has no specific plans at present for raising
additional capital.

The following is the history and projected future activities of the company in
milestone format.

   Milestone:

1.  Development of prototype idea.  This was done prior to the organization of
Clip 'N Pierce.

2.  Production of a physical prototype.  This was done prior to the
organization of Clip 'N Pierce.

3.  Initial small market study.  Done during November 2000.

4.  Develop product brochure.  January 2001. Estimated cost $300. (Completed)

5.  Additional store to store market study using brochure. Late January 2000
to February 2001.  Cost estimate $300. (completed)

6.  Mail brochures to qualified jewelry stores in San Diego and follow up with
telephone interviews.   $500.

7.  Develop list of manufacturers and assess pricing. Decide on 18 or 14 karat
gold. Determine price, quantity and delivery. September to October 2001.

8.  Place order for small initial product production. November 2001. Cost will
depend on information obtained in milestone 7.
                                                           -14-

<PAGE>
9.  January of 2002. Market initial production to stores identified in mile
stones 5 and 6. Cost will depend on information from milestone 5 and 6
as to number of stores. This mile stone should mark the first revenues for
Clip 'N Pierce.

10. Determine future production and sales effort from information gained from
initial sales effort. Depending on the size of the production and potential
Clip 'N Pierce may need to obtain addition capital from loans or sale of
additional equity.


The pricing of the product will depend on the quality of gold and/or silver
selected for production. The cost to produce the prototype was approximately
$300 in 18 karat gold. That cost will need to be brought down when
manufacturing in quantity in order to appeal to the general market. It can be
made of a lesser karat gold for instance. We believe a cost under $150 for
gold and under $100 for silver will allow mark-up and still generate
profit for the company. Details are not firm and there is no assurance that
the price goals can be met.

In the next twelve months, Clip 'n Pierce has pursued arrangements for the
sale of its products. The market study conducted in November of this past year
in two shopping centers in San Diego County. The results indicate some
probable success of the item. If the price of production can be kept
reasonable, revenues could be expected late in 2002. A manufacturing source
will be sought early in 2002. Initial placement of the product in retail
outlets will take place in the fourth quarter of 2001 in San Diego County as a
starting location, specifically in the East San Diego County mall of Grossmont
Center, the upscale mall called University Town Center near La Jolla, and the
central city area of Mission Valley, namely Fashion Valley and Mission Valley
Shopping Centers. San Diego County has a population in excess of 2 million
people and the Pacific Bell Yellow Pages list over 200 retail jewelry stores.
(See "Business-History.")

Clip 'n Pierce  plans to develop additional variations of the product
including types of metals and size of the earring. Clip 'n Pierce does not
plan to employ additional  personnel during the next twelve months. Clip 'n
Pierce  plans to make use of contracted, short-term or leased personnel, if
any.

As of August 1, 2001 the Company is current in the progression of the above
projected milestones.

                               RISK FACTORS



(1) Clip 'n Pierce is a start up company and subject to all the risks of a new
business.

The company is very small and only recently has it begun exploring development
possibilities. Manufacturing estimates are now being obtained and may not

prove economical For production for the general market. Since we are just
starting the proposed operations the investor is at risk that this new
business will not be able to make a profit or take a very long time to
accomplish that.

(2) Lack of experience in the jewelry business may result in unsatisfactory
management.

No history in operating a jewelry business may risk investor funds
due to the inexperience of the officers and directors who are making business
decisions. This lack of experience may result in an inability to run a
successful jewelry making business. There is no assurance that Clip 'n Pierce
will every produce earnings.
(See "Business" and "Management.")

(3) Additional funds may be needed and may not be able to be raised.

Without additional capital the original investor funds may be at risk. The
balance sheet for the year ended December 31, 2000, shows a stockholder's
equity of only $4,415 and working capital of only $ 4,415. Since January 1,
2000 a major shareholder, EFM Venture Group, Inc., contributed $22,000 to the
capital of Clip 'n Pierce. We estimate sufficient funds for approximately
twelve months of current operations.  Thus, we may need to raise additional
capital and there is no assurance that we will be able to raise sufficient for
continuing needs. While Clip 'n Pierce intends to sell its products through
existing retail outlets and distributors, and to possibly receive prepaid
royalties, there can be no assurance that we will be successful in achieving
the objectives.  As of this date Clip 'n Pierce has manufactured only the
prototypes and has sold no earrings.

(4) Our product may have no market interest and result in few sales.

With little or no sales the company may not be able to continue operation.
The proposed marketing of these earrings has inherent risks. It is a new and
untried product with a possibly limited market. We cannot accurately predict
the acceptance of the product or the time frame in which any sales will be
made. We have surveyed the market to get an indication of the potential but
the results unpredictable at this time.

(5) Current selection of earrings on the market may be sufficient.

If the existing types of earrings satisfy consumer needs there would be little
demand for our product. Clip 'n Pierce will operate in a business field where
the competing companies are much larger and more experienced in the jewelry
business and much better at predicting consumer tastes. There is a somewhat
similar product that may be sufficient for the small demand because it serves
a similar purpose. Such a competing product may reduce the desirability of our
earring. Also, because other established jewelry companies will likely have
much larger amounts of capital than this company, we may find it very
difficult
infuse enough money to compete and make a profit. (See "Competition").

(6) We have not secured a manufacturing source yet and may not be able to do
so.

A specific manufacturer has not been found as yet and may not be possible to
obtain at a reasonable price for the product.  Clip 'n Pierce does not intend
to do its own manufacturing and will be completely dependent on outside
companies for the production of its product. While the availability of a
company to produce the earrings may not be a problem, the cost of such
production may be too high to make mass marketing feasible. If the price of
the earrings cannot be at a level that would interest the potential consumer
then no sales will lose investor money.

(7)  Our market study may prove incorrect about the desirability of the
product.

The evaluation of the Company's products has been done solely by its officers
and directors. No independent analysis or study of its products has been done
by anyone engaged by Clip 'n Pierce. The investor is at risk if the company's
studies have overestimated the product's marketability.

(8)  We are liable for the safety of the product even though we are not
manufacturing it.

Although Clip 'n Pierce is not and does not intend to be involved in the
actual manufacturing process (since we intend to use subcontracting
arrangements), there may be liability to the Company since we were responsible
for the design. The Company presently has no product liability insurance
coverage.  We believe that this is appropriate at present considering the
nature of the product and the stage of development. There can be no assurance
that this decision will not result in consequent loss to us and therefore to
the investor. (See Business.")

(9)  Clip 'n Pierce is completely dependent on its management for the product
development.

The current management is the only personnel available to develop the product
and it is probable that we would not have sufficient capital to hire personnel
to continue the development of the product should management for any reason
cease or be unable to continue to work. Without personnel to replace officer
and director management the company could not continue to operate.

(10)  The investor has no say in the management of the company.

The officers and directors own 95% of the company's common stock and will be in
a position to continue to control Clip 'n Pierce. Such close control may be
risky to the investor because the entire company's operation is dependent on a
very few people who could lose their ability, or interest in pursuing the
company's operation.

(11) No cash dividends are anticipated in the foreseeable future.

Since Clip 'n Pierce does not anticipate that it will pay dividends the
investor will only profit by the increase in value of his shares.  Our
profits, if any, during the next several years will necessarily be used to
develop and possibly expand the product lines and business.

(12) There is no market for the common stock.

The Company is listed on the NNOTC Bulletin Board under the symbol "CNPF". The
common stock is not traded on NASDAQ or any Securities Exchange which may
result in the risk of minimal liquidity of the investment.

(13) Our stock may be low priced and therefore less liquid.

Because the company's common stock is likely to trade below $5.00 per share,
we are subject to the Securities enforcement and Penny Stock Reform Act of
1990 (the "Penny Stock Rules") . The Penny Stock Rules may adversely affect
the market liquidity for our common stock because broker-dealers trading in
Penny Stocks must, among other things:

      * Provide customers with a risk disclosure statement setting forth
        certain specified information prior to a purchase transaction;
      * Disclose to the customer inside bid quotation and outside offer
        quotation for this Penny Stock, or, in a principal transaction, the
        broker-dealer's offer price for the Penny Stock;
      * Disclose the aggregate amount of any compensation the broker-
        dealer receives in the transaction;
      * Disclose the aggregate amount of the cash compensation that any
        associated person of the broker-dealer, who is a natural person, will
        receive in connection with the transaction;
      * Deliver to the customer after the transaction certain information
        concerning determination of the price and market trading activity of
        the Penny Stock.

Non-stock exchange and non-NASDAQ stocks would not be covered by the
definition of penny stock for:
    (i)  issuers who have $2,000,000 tangible assets ($5,000,000 if the issuer
         has not been in continuous operation for three years);
    (ii) transactions in which the customer is an institutional accredited
         investor;
    (iii)transactions that are not recommended by the broker-dealer.


                          PENNY STOCK RULE

The Securities and Exchange commission has adopted rule 15g-9 which
established the definition of a "penny stock", for the purposes relevant to
Clip 'n Pierce, as any equity security that has a market price of less than
$5.00 per share or with an exercise price of less than $5.00 per share,
subject to certain exceptions. For any transaction involving a penny stock,
unless exempt, the rules require:
     (1) that a broker or dealer approve a person's account for transactions
         in penny stocks: and
     (2) the broker or dealer receive from the investor a written agreement to
         the transaction, setting forth the identity and quantity of the penny
         stock to be purchased.
In order to approve a person's account for transactions in penny stocks, the
broker or dealer must
     (1) obtain financial information and investment experience
         objectives of the person; and
     (2) make a reasonable determination that the transactions in penny stocks
         are suitable for that person and the person has sufficient knowledge
         and experience in financial matters to be capable of evaluating the
         risks of transactions in penny stocks. The broker or dealer must also
         deliver, prior to any transaction in a penny stock,
     (1) a disclosure schedule prepared by the Commission relating to the
         penny stock market, which, in highlight form,
     (2) sets forth the basis on which the broker or dealer made the
         suitability determination; and
     (3) that the broker or dealer received a signed, written agreement from
         the investor prior to the transaction. Disclosure also has to be made
         about the risks of investing in penny stocks


         in both public offerings and in secondary trading and about
     (1) the commissions payable to both the broker-dealer and the registered
         representative,
     (2) current quotations for the securities, and
     (3) the rights and remedies available to an investor in cases of fraud
         in penny stock transactions.
     (4) monthly statements have to be sent disclosing recent price
         information for the penny stock held in the account and information
         on the limited market in penny stocks.

(14)    Potential Future Sales Pursuant to Rule 144.  Of the 8,400,000 shares
of Clip 'n Pierce's common stock outstanding prior to this Offering, all are
"Restricted Securities," as that term is defined under Rule 144 promulgated
under the Securities Act of 1933 (the "Act").  In general, under Rule 144, a
person (or persons whose shares are aggregated) who has satisfied a one-year
holding period may sell, within  any three-month period, a number of shares
which does not exceed the greater of one percent of the then outstanding
shares of common stock or the average weekly trading volume during the four
calendar weeks prior to such sale.  Rule 144 also permits the sale of shares,
without any quantity limitation, by a person who is not an affiliate of the
Company and who has beneficially owned the shares a minimum period of two
years.  Hence, the possible sale of these restricted shares may, in the
future, dilute an investor's percentage of free-trading shares and may have a
depressive effect on the price of Clip 'n Pierce's common stock. No shares,
other than the 400,000 shares which are the subject of this registration can
be sold free of restriction. All shares other than the 400,000 to be
distributed are held by affiliates and subjection to the restrictions of Rule
144. (See" Certain Transactions.")

(15)    Potential Anti-Takeover Effect of Authorized Preferred Stock.  The
Company is authorized to issue 20,000,000 shares of $0.001 par value preferred
stock with the rights, preferences, privileges and restrictions thereof to be
determined by the Board of Directors of Clip 'n Pierce. Preferred stock can
thus be issued without the vote of the holders of common stock. Rights could
be granted to the holders of preferred stock which could reduce the
attractiveness of Clip 'n Pierce as a potential takeover target, make the
removal of Management more difficult, or adversely impact the rights of
holders of common stock.  No preferred stock is currently outstanding, and we
have no present plans for the issuance of any shares of preferred stock.


(16)  Product Patent.  We have elected not to pursue a product patent at this
time until further development of the company's potential is explored. There
is risk that the product will be seen and copied and we will lose the
competitive edge.


ITEM 7.  FINANCIAL STATEMENTS



ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
        ACCOUNTING AND FINANCIAL DISCLOSURE.

              None.


                                   PART II
                              OTHER INFORMATION

Item 1.  Legal Proceedings.

           None

Item 2.  Changes in Securities.

            None

Item 3.  Defaults Upon Senior Securities.

            None

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

            None

Item 5.  Other Information

            None

Item 6.   Exhibits and Reports on Form 8-K

         (a) (2)  Filed by reference; Form SB-2 filed July 12, 2000.
             (3)  Filed by reference; Form SB-2 filed July 12, 2000.
             (11) Statement re: Computation of per share earnings.


          (b)  There were no reports on 8-K.

                                  SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                      CLIP 'N PIERCE FASHIONS, INC.


                                      BETTY N. MYERS
                                      ---------------
Date: 8/09/2001              By       BETTY N. MYERS

                                                                13



b) 11   Computation of per share earnings 06/30/2001

                   Clip 'N Pierce Fashions, Inc.
              Weighted Average Shares Outstanding
                       June 30, 2001

Weighted Average Shares       8,400,000

Net Loss                        $ 9,560

Net Loss Per Share               $0.0011