(Mark One)

X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended June 30, 2001.

....Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from _________ to _________.

**EASTON, INC.**

(Name of small business in its charter)

|Delaware                                        | 0-32059             | 59-3516317                       
|----------------------------------------------- | ------------------- | ---------------------------------
|(State or other jurisdiction of

Incorporation) | Commission File No. | (IRS Employer Identification
No.)

645 Fifth Avenue, Suite 403

New York, NY 10022

(Address of Principal Office)      Zip Code

Issuer's telephone number:    941-594-7611



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities 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 ....

Applicable only to issuers involved in bankruptcy proceedings during the past five years.

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court.  Yes .....  No .....

Applicable only to corporate issuers

State the number of shares outstanding of each of the issuer's classes of common equity, as of the
latest practicable date.  At June 30, 2001, the following shares of common were outstanding:
Common Stock, no par value, 6,780,210 shares.

Transitional Small Business Disclosure Format (Check one): Yes .....     No ..X..

PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  The unaudited financial statements of registrant for the six months ended June 30 2001,
follow.  The financial statements reflect all adjustments which are, in the opinion of
management, necessary to a fair statement of the results for the interim period presented.









|INDEX TO FINANCIAL STATEMENTS: |  
|------------------------------ | -
|                               |  
|Balance Sheet                  | 4
|Statement of Operations        | 5
|Statements of Cash Flows       | 6
|Notes to Financial Statements  | 7

EASTON, INC.

(A Development Stage Company)

Balance Sheet

|**ASSETS**                              
|----------------------------------------
|**CURRENT ASSETS**:		****               
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|**LIABILITIES AND STOCKHOLDERS' EQUITY**
|**LIABILITIES**:                        
|                                        
|                                        
|**STOCKHOLDERS' EQUITY:**               
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        

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

EASTON, INC.

(A Development Stage Company)

Statement of Operations

For the initial period from inception (August 19, 1997) to June 30, 2001

|                         | ****For the three | **** | ****For the three | **** | ****For the six   | **** | ****For the six   | **** | ****From                      
|------------------------ | ----------------- | ---- | ----------------- | ---- | ----------------- | ---- | ----------------- | ---- | ------------------------------
|****                     | **months
ending** | **** | **months
ending** | **** | **months
ending** | **** | **months
ending** | **** | **inception**

**08/19/97 to**
|****                     | **03/31/00**      | **** | **03/31/01**      | **** | **06/30/00**      | **** | **06/30/01**      | **** | **06/30/01**                  
|****                     |                   |      |                   |      |                   |      |                   |      |                               
|                         |                   |      |                   |      |                   |      |                   |      |                               
|**REVENUE**              | ****              |      |                   |      |                   |      |                   |      |                               
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Sales                    | 0                 |      | 0                 |      | 0                 |      | 0                 |      | 0                             
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Cost of Sales            | 0                 |      | 0                 |      | 0                 |      | 0                 |      | 0                             
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Gross Profit             | 0                 |      | 0                 |      | 0                 |      | 0                 |      | 0                             
|                         |                   |      |                   |      |                   |      |                   |      |                               
|**EXPENSES**             | ****              |      |                   |      |                   |      |                   |      |                               
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Selling, general         |                   |      |                   |      |                   |      |                   |      |                               
|and administrative       | 1,475             |      | 0                 |      | $           1,757 |      | 65                |      | $           7,376             
|Provision for income tax | 0                 |      | 0                 |      | 0                 |      | 0                 |      | 239                           
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Total Expenses           | 1,475             |      | 0                 |      | 1,757             |      | 65                |      | 7,615                         
|                         |                   |      |                   |      |                   |      |                   |      |                               
|NET LOSS                 | (1,475)           |      | 0                 |      | (1,757)           |      | (65)              |      | $          (7,615)            
|                         |                   |      |                   |      |                   |      |                   |      |                               
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Balance                  |                   |      |                   |      |                   |      |                   |      |                               
|End of period            | $     (1,475)     |      | 0                 |      | $        (1,757)  |      | $            (65) |      | $        (7,615)              
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Net loss per share       | (0.0006)          |      | 0.0000            |      | 0.0007            |      | 0.0000            |      |                               
|                         |                   |      |                   |      |                   |      |                   |      |                               
|Weighted average number  |                   |      |                   |      |                   |      |                   |      |                               
|of share outstanding     | 2,517,840         |      | 3,602,183         |      | 2,741,640         |      | 3,602,183         |      |                               



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

EASTON, INC.

(A Development Stage Company)

Statement of Cash Flows

For the initial period from inception (August 19, 1997) to June 30, 2001

|                                                                     |                                         |                          |                      | ************          | ****                | ****                | ****
|-------------------------------------------------------------------- | --------------------------------------- | ------------------------ | -------------------- | --------------------- | ------------------- | ------------------- | ----
|                                                                     |                                         | **For the six**          | ****                 | **For the six**       | ****                | **From inception**  | ****
|                                                                     |                                         | ******months ending**    | ****                 | **months ending**     | ****                | **08/19/97 to**     | ****
|                                                                     |                                         | **************06/30/00** | ****                 | **06/31/01**          | ****                | **03/31/01**        | ****
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|********************************CASH FLOWS FROM OPERATING ACTIVITIES | ****                                    |                          |                      |                       |                    
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | ********************Net Loss            | $           (1,757)      |                      | $                (65) |                     | $           (9,204) |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | Adjustment to reconcile net loss        |                          |                      |                       |                     |                     |     
|                                                                     | to net cash used by                     |                          |                      |                       |                     |                     |     
|                                                                     | operating activities:                   |                          |                      |                       |                     |                     |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | Increase in accounts payable            | 0                        |                      | 0                     |                     | 239                 |     
|                                                                     | Increase (Decrease) in loans
receivable | 1,210                    |                      | 0                     |                     | (290)               |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | Net cash flows from                     |                          |                      |                       |                     |                     |     
|                                                                     | operating activities                    | (547)                    |                      | (65)                  |                     | (9,255)             |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|CASH FLOWS FROM FINANCING
ACTIVITIES                                 |                                         |                          |                      |                       |                     |                    
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | Issuance of Common Stock                | 23                       |                      | 0                     |                     | 3,173               |     
|                                                                     | Additional Paid in Capital              | 2,302                    |                      | 573                   |                     | 6,632               |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|                                                                     | Net cash flows from                     |                          |                      |                       |                     |                     |     
|                                                                     | financing activities                    | 2,325                    |                      | 573                   |                     | 9,805               |     
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|NET INCREASE (DECREASE) IN CASH                                      |                                         |                          |                      |                       |                     |                    
|AND CASH EQUIVALENTS                                                 | 1,778                                   |                          | 508                  |                       | 550                 |                    
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|CASH AND CASH EQUIVALENTS                                            |                                         |                          |                      |                       |                     |                    
|BEGINNING OF PERIOD                                                  | 1,650                                   |                          | 42                   |                       | 0                   |                    
|                                                                     |                                         |                          |                      |                       |                     |                     |     
|CASH AND CASH EQUIVALENTS                                            |                                         |                          |                      |                       |                     |                    
|END OF PERIOD                                                        | $            3,428                      |                          | $                550 |                       | $               550 |                    

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

EASTON, INC.

(A Development Stage Company)

Notes to Financial Statements

June 30, 2001

Note 1 - Organization and Summary of Significant Accounting Policies

***Basis of Presentation:***

The accompanying unaudited condensed financial statements of Easton, Inc. (the "Company"),
for the three and six months ended June 20, 2001 and 2000 have been prepared in accordance
with generally accepted accounting principles for interim financial information, and in
accordance with the instructions to Form 10-QSB of the Securities and Exchange Commission.
Accordingly, they do not********include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.  In the opinion of Company
management, all adjustments, consisting only of normal recurring adjustments considered
necessary to present fairly the condensed financial statements, have been made.

***Organization:***

On August 19, 1997 Easton, Inc. (A Development Stage Company) (" the Company") was
incorporated under the laws of Delaware.  The company may engage in any business, which is
permitted by the General Corporation Law of Delaware.

***Development Stage:***

The Company is currently in the development stage and has no significant operations to date.

***Income Taxes:***

Income taxes are provided for the tax effects of transactions reported in the financial statements
and consist of taxes currently due plus deferred taxes related primarily to differences between the
recorded book basis and tax basis of assets and liabilities for financial and income tax reporting.
The deferred tax assets and liabilities represent the future tax return consequences of those
differences, which will either be taxable or deductible when the assets and liabilities are
recovered or settled.  Deferred taxes are also recognized for operating losses that are available to
offset future taxable income and tax credits that are available to offset federal income taxes.

Based upon the company generating a loss, no provision has been made for Federal Income
taxes.



***Statement of Cash Flows:***

For purposes of the statement of cash flows, the Company considers demand deposits and highly
liquid-debt instruments purchased with a maturity of three months or less to be cash equivalents.

Cash paid for interest and taxes in the period ended  was $ - 0 -.

***Net (Loss) Per Common Share:***

The net (loss) per common share is computed by dividing the net (Loss) for the period by number
of shares outstanding at June 30, 2001.

**Note 2 - Capital Stock**

***Common Stock:***

The Company initially authorized 10,000,000 shares of common stock with a par value of $.001
each.

The company did not declare any dividends for June 30, 2001.



**Note 3 - Related Party Events**

The Company presently maintains its principal office at c/o Steven Siskind, Esq, 645 5th Avenue,
403, New York, NY 10022.

**Note 4 - Subsequent Events**

The Company is constantly seeking business opportunities and other means of financing to
enable it to complete its business plan.

****ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Liquidity and Capital Resources

As of June 30, 2001, the Company remains in the development stage.  Since inception, it has
received proceeds in the amount of $9,805 from sale of shares of common stock for cash, and
also has an outstanding subscription receivable in the amount of $3,608.  During the same period,
the Company incurred expenses totalling $7,615.  Consequently, for the period ended June 30,
2001, the Company's balance sheet reflects current and total assets of $4,448 which is partly in
the form of cash, and partly in the form of a loan receivable and a subscription receivable.  The
Company has current liabilities of $240.

The Company does not have sufficient assets or capital resources to pay its on-going expenses
while it is seeking out business opportunities, and it has no current plans to raise additional
capital through sale of securities, or otherwise.  As a result, although the Company has no
agreement in place with its shareholders or other persons to pay expenses on its behalf, it is
currently anticipated that the Company will rely on loans or additional capital contributions from
shareholders to pay expenses at least until it is able to consummate a business transaction.

Results of Operations

During the period from August 19, 1997 (inception) through June 30, 2001, the Company has
engaged in no significant operations other than organizational activities, acquisition of capital
and preparation and filing of its registration statement on Form 10-SB under the Securities
Exchange Act of 1934, as amended, compliance with its periodical reporting requirements and
initial efforts to locate a suitable merger or acquisition candidate.   No revenues were received by
the Company during this period.

The Company had no revenue and no expenses. The Company does not expect to generate any
revenue until it completes a business combination, but will incur legal and accounting fees and
other costs associated with compliance with its reporting obligations. As a result, the Company
expects that it will incur losses each quarter at least until it has completed a business
combination.  Depending upon the performance of any acquired business, the Company may
continue to operate at a loss even following completion of a business combination.

Plan of Operations

For the fiscal year ending December 31, 2001, and for the succeeding twelve months, the
Company expects to continue its efforts to locate a suitable business acquisition candidate and
thereafter to complete a business acquisition transaction.  The Company anticipates incurring a
loss for the fiscal year as a result of expenses associated with compliance with the reporting
requirements of the Securities Exchange Act of 1934, and expenses associated with locating and
evaluating acquisition candidates. The Company does not expect to generate revenues until it
completes a business acquisition, and, depending upon the performance of the acquired business,
it may also continue to operate at a loss after completion of a business combination.

Need for Additional Financing

The Company believes it will require additional capital in order to pay the costs associated with
carrying out its plan of operations and the costs of compliance with its continuing reporting
obligations under the Securities Exchange Act of 1934, as amended, for the fiscal year ending
December 31, 2001 and thereafter.  This additional capital will be required whether or not the
Company is able to complete a business combination transaction during the current fiscal year.
Furthermore, once a business combination is completed, the Company's needs for additional
financing are likely to increase substantially.

No specific commitments to provide additional funds have been made by management or other
stockholders, and the Company has no current plans, proposals, arrangements or understandings
to raise additional capital through the sale or issuance of additional securities prior to the location
of a merger or acquisition candidate.  Accordingly, there can be no assurance that any additional
funds will be available to the Company to allow it to cover its expenses.  Notwithstanding the
foregoing, however, to the extent that additional funds are required, the Company anticipates
receiving such funds in the form of advancements from current shareholders without the issuance
of additional shares or other securities, or through the private placement of restricted securities.
In addition, in order to minimize the amount of additional cash which is required in order to carry
out its business plan, the Company might seek to compensate certain service providers by
issuances of stock in lieu of cash.

PART II - OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS

None.

ITEM 2.	CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

(a)  No exhibits are filed as part of this report.

(b)  No reports on Form 8-K were filed by the Company for the quarter ended June 30, 2001.

**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.

**EASTON, INC.**

By: /S/ JOSEPH PIOPPI

Joseph Pioppi, President and a Director

By: /S/DOMINICK POPE

Dominick Pope, Director

By: /S/JAMES J. CHARLES

James J. Charles, Secretary and a Director



Date: August 21, 2001