----

----

----

| For                  Quarter Ended January 31, 2006 |   | Commission                  FileNumber                  333-118808 |
|-----------------------------------------------------|--------|--------------------------------------------------------------------|

| Nevada                                           |   | 98-0434104                           |
|--------------------------------------------------|--------|--------------------------------------|
| (State                  or other jurisdiction of |   | (IRS                  Employer       |
| incorporation                  or organization)  |   | Identification                  No.) |

| 3715                  West 14th Avenue, Vancouver, B.C. Canada |   | V6R                  2W8    |
|----------------------------------------------------------------|--------|-----------------------------|
| (Address                  of Principal Executive Offices)      |   | (Zip                  Code) |

----

|                     |                                                 | Page   |
|--------------------------|------------------------------------------------------|--------|
| PART                  I  | FINANCIAL                  INFORMATION               |   |
|                     |                                                 |   |
| Item                  1  | Financial                  Statements                | 3      |
|                     |                                                 |   |
| Item                  2. | Managements                  Discussion and Analysis | 11     |
|                     |                                                 |   |
| Item                  3. | Controls                  and Procedures             | 12     |
|                     |                                                 |   |
|                     |                                                 |   |
| Part                  II | OTHER                  INFORMATION                   |   |
|                     |                                                 |   |
| Item                5.   | Other                Information                     | 12     |
|                     |                                                 |   |
| Item                  6. | Exhibits                                             | 13     |
|                     |                                                 |   |
| Signatures               |                                                 | 13     |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**SECOND        QUARTER FINANCIAL        STATEMENTS**

**JANUARY        31, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**BALANCE        SHEETS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                           |   |                                 |         |
|--------------------------------------------------------------------------------|--------|--------------------------------------|--------------|
|                                                                           |   | **JANUARY                  31 2006** |         | **JULY                  31****2005** |   |
| **ASSETS**                                                                     |   |                            |         |    |   |
|                                                                           |   |                            |         |    |   |
| **Current**                                                                    |   |                            |         |    |   |
| Cash                                                                           |   | **$**                                | **215**      |   | $ | 3,534 |   |
| Goods                  and Services Tax receivable                             |   |                                 | **1,330**    |   |   | 662 |   |
|                                                                           |   |                                 | **1,545**    |   |   | 4,196 |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **Property                  and Equipment**,                  net (Note 2)     |   |                                 | **-**        |   |   | - |   |
|                                                                           |   |                                 |         |   |   |   |   |
|                                                                           |   | **$**                                | **1,545**    |   | $ | 4,196 |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **LIABILITIES**                                                                |   |                                 |         |   |   |   |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **Current**                                                                    |   |                                 |         |   |   |   |   |
| Accounts                  payable and accrued liabilities                      |   | **$**                                | **15,096**   |   | $ | 5,477 |   |
| Advances                  payable to related parties                           |   |                                 | **11,395**   |   |   | 11,891 |   |
|                                                                           |   |                                 | **26,491**   |   |   | 17,368 |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **Commitments                  and Contingencies**                  (Note 1)   |   |                                 |         |   |   |   |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **STOCKHOLDERS’                  DEFICIENCY**                            |   |                                 |         |   |   |   |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **Common                  Stock**                                              |   |                                 |         |   |   |   |   |
| Authorized:                                                                    |   |                                 |         |   |   |   |   |
| 50,000,000                  common shares with par value of $0.001 per share   |   |                                 |         |   |   |   |   |
|                                                                           |   |                                 |         |   |   |   |   |
| Issued                  and outstanding:                                       |   |                                 |         |   |   |   |   |
| 3,010,000                  common shares at January 31, 2006 and July 31, 2005 |   |                                 | **3,010**    |   |   | 3,010 |   |
|                                                                           |   |                                 |         |   |   |   |   |
| Additional                  paid-in capital                                    |   |                                 | **102,890**  |   |   | 93,890 |   |
|                                                                           |   |                                 |         |   |   |   |   |
| **Accumulated                  Other Comprehensive Loss**                      |   |                                 | **(2,323**   | **)** |   | (938 | ) |
| **Accumulated                  Deficit During The Development Stage**          |   |                                 | **(128,523** | **)** |   | (109,134 | ) |
|                                                                           |   |                                 | **(24,946**  | **)** |   | (13,172 | ) |
|                                                                           |   |                                 |         |   |   |   |   |
|                                                                           |   | **$**                                | **1,545**    |   | $ | 4,196 |   |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**STATEMENTS        OF OPERATIONS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |
|-------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|---------------|----------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|--------|
|                                                                                            |   | THREE                      MONTHS ENDED JANUARY                      31 |          | SIX                      MONTHS ENDED JANUARY                      31 |   | CUMULATIVEPERIOD                      FROMINCORPORATIONJUNE                      6 2003 TO   |   |
|                                                                                            |   | **2006**                                                                |          | 2005                                                                       |   | 2006                                                                                                   |   | 2005 |   | JANUARY                      3 2006 |   |
| **Sales                      Revenue**                                                          |   | **$**                                                                   | -             |                                                                       | $      | 420                                                                                                    |   | $ | - |   | $ | 1,747 |   | $ | 6,662 |   |
| **Cost                      of Sales**                                                          |   |                                                                    | **-**         |                                                                       |   | 382                                                                                                    |   |   | - |   |   | 2,071 |   |   | 6,438 |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **Gross                      Margin (Loss)**                                                    |   |                                                                    | **-**         |                                                                       |   | 38                                                                                                     |   |   | - |   |   | (324 | ) |   | 224 |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **Expenses**                                                                                    |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Advertising                      and promotion                                                  |   |                                                                    | **-**         |                                                                       |   | 2,931                                                                                                  |   |   | - |   |   | 3,591 |   |   | 6,308 |   |
| Bad                      debts                                                                  |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   | 595 |   |
| Bank                      charges and interest                                                  |   |                                                                    | **6**         |                                                                       |   | 318                                                                                                    |   |   | 12 |   |   | 571 |   |   | 1,215 |   |
| Depreciation                                                                                    |   |                                                                    | **-**         |                                                                       |   | 13                                                                                                     |   |   | - |   |   | 25 |   |   | 242 |   |
| Foreign                      exchange loss                                                      |   |                                                                    | **-**         |                                                                       |   | -                                                                                                      |   |   | - |   |   | 2,009 |   |   | - |   |
| Licenses                      and dues                                                          |   |                                                                    | **-**         |                                                                       |   | -                                                                                                      |   |   | - |   |   | - |   |   | 310 |   |
| Management                      services (Note 3)                                               |   |                                                                    | **3,750**     |                                                                       |   | 7,500                                                                                                  |   |   | 7,500 |   |   | 15,000 |   |   | 52,500 |   |
| Office                      and sundry                                                          |   |                                                                    | **676**       |                                                                       |   | 3,385                                                                                                  |   |   | 1,290 |   |   | 4,891 |   |   | 8,605 |   |
| Professional                      fees                                                          |   |                                                                    | **3,580**     |                                                                       |   | 4,714                                                                                                  |   |   | 8,873 |   |   | 12,623 |   |   | 30,980 |   |
| Rent                      (Note 3)                                                              |   |                                                                    | **750**       |                                                                       |   | 1,500                                                                                                  |   |   | 1,500 |   |   | 3,000 |   |   | 10,500 |   |
| Telephone                                                                                       |   |                                                                    | **-**         |                                                                       |   | 206                                                                                                    |   |   | 214 |   |   | 340 |   |   | 3,718 |   |
| Travel                                                                                          |   |                                                                    | **-**         |                                                                       |   | 821                                                                                                    |   |   | - |   |   | 2,535 |   |   | 13,774 |   |
|                                                                                            |   |                                                                    | **8,762**     |                                                                       |   | 21,388                                                                                                 |   |   | 19,389 |   |   | 44,585 |   |   | 128,747 |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **Net                      Loss For The Period**                                                |   | **$**                                                                   | **(8,762**    | **)**                                                                      | $      | (21,350                                                                                                | )      | $ | (19,389 | ) | $ | (44,909 | ) | $ | (128,523 | ) |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **Net                      Loss Per Share**,                      Basic and diluted             |   | **$**                                                                   | **(0.00**     | **)**                                                                      | $      | (0.01                                                                                                  | )      | $ | (0.01 | ) | $ | (0.01 | ) |   |   |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **   Weighted                      Average Number Of Common Shares Outstanding** |   |                                                                    | **3,010,000** |                                                                       |   | 3,010,000                                                                                              |   |   | 3,010,000 |   |   | 3,010,000 |   |   |   |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **                        Other Comprehensive Loss**                                  |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Net                      loss for the period                                                    |   | **$**                                                                   | **(8,762**    | **)**                                                                      | $      | (21,350                                                                                                | )      | $ | (19,389 | ) | $ | (44,909 | ) |   |   |   |
| Foreign                      currency translation adjustment                                    |   |                                                                    | **(724**      | **)**                                                                      |   | 116                                                                                                    |   |   | (1,385 | ) |   | 1,428 |   |   |   |   |
|                                                                                            |   |                                                                    |          |                                                                       |   |                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| **                        Total Comprehensive Loss**                                  |   | **$**                                                                   | **(9,486**    | **)**                                                                      | $      | (21,234                                                                                                | )      | $ | (20,774 | ) | $ | (43,481 | ) |   |   |   |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**STATEMENTS        OF CASH FLOWS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|----------------|---------------------------------------------|--------|--------------|------------------------------------------|--------|----------------------------------------|--------|--------|------------|--------|--------|-----------------------------------------|--------|
|                                                                                                                             |   |                                          |      |                                        |   |    |                                     |   | CUMULATIVE                        |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   | PERIOD                            FROM |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   | INCORPORATION                      |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   | JUNE                            6  |   |
|                                                                                                                             |   | THREE                            MONTHS ENDED |           | SIX                            MONTHS ENDED |   |         | 2003                            TO  |   |
|                                                                                                                             |   | JANUARY                            31         |           | JANUARY                            31       |   |         | JANAUARY                            31   |   |
|                                                                                                                             |   |                                          | **2006**  |                                        |   | 2005    |                                     |   | 2006                              |   |   | 2005  |   |   | 2006                               |   |
| **Operating                            Activities**                                                                              |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| Net                            loss for the period                                                                               |   | **$**                                         | **(8,762**     | **)**                                       | $      | (21,350      | )                                        | $      | (19,389                                | )      | $      | (44,909    | )      | $      | (128,523                                | )      |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Adjustments                            To Reconcile Net Loss To Cash Used By Operating                            Activities** |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| Depreciation                                                                                                                     |   |                                          | **-**          |                                        |   | 13           |                                     |   | -                                      |   |   | 25         |   |   | 242                                     |   |
| Donated                            services                                                                                      |   |                                          | **4,500**      |                                        |   | 9,000        |                                     |   | 9,000                                  |   |   | 18,000     |   |   | 63,000                                  |   |
| Goods                            and Services Tax receivable                                                                     |   |                                          | **(40**        | **)**                                       |   |         |                                     |   | (668                                   | )      |   |       |   |   | (1,330                                  | )      |
| Accounts                            receivable                                                                                   |   |                                          | **-**          |                                        |   | (231         | )                                        |   | -                                      |   |   | 141        |   |   | -                                       |   |
| Prepaid                            expenses                                                                                      |   |                                          | **-**          |                                        |   | 710          |                                     |   | -                                      |   |   | -          |   |   | -                                       |   |
| Inventory                                                                                                                        |   |                                          | **-**          |                                        |   | 1,954        |                                     |   | -                                      |   |   | 3,071      |   |   | -                                       |   |
| Accounts                            payable and accrued liabilities                                                              |   |                                          | **4,653**      |                                        |   | 4,211        |                                     |   | 9,619                                  |   |   | 2,043      |   |   | 15,096                                  |   |
|                                                                                                                             |   |                                          | **351**        |                                        |   | (5,693       | )                                        |   | (1,438                                 | )      |   | (21,629    | )      |   | (51,515                                 | )      |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Investing                            Activity**                                                                                |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| Purchase                            of property and equipment                                                                    |   |                                          | **-**          |                                        |   | -            |                                     |   | -                                      |   |   | -          |   |   | (242                                    | )      |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Financing                            Activities**                                                                              |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| Advances                            payable                                                                                      |   |                                          | **(1,133**     | **)**                                       |   | (1,698       | )                                        |   | (496                                   | )      |   | 1,732      |   |   | 26,395                                  |   |
| Issue                            of common shares for cash                                                                       |   |                                          | **-**          |                                        |   | -            |                                     |   | -                                      |   |   | -          |   |   | 27,900                                  |   |
| Bank                            indebtedness                                                                                     |   |                                          | **-**          |                                        |   | 4,539        |                                     |   | -                                      |   |   | 10,839     |   |   | -                                       |   |
|                                                                                                                             |   |                                          | **(1,133**     | **)**                                       |   | 2,841        |                                     |   | (496                                   | )      |   | 12,571     |   |   | 54,295                                  |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Foreign                            Exchange Effect On Cash**                                                                   |   |                                          | **(724**       | **)**                                       |   | 116          |                                     |   | (1,385                                 | )      |   | 1,428      |   |   | (2,323                                  | )      |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Increase                            (Decrease) In Cash**                                                                       |   |                                          | **(1,506**     | **)**                                       |   | (2,736       | )                                        |   | (3,319                                 | )      |   | (7,630     | )      |   | 215                                     |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Cash,                            Beginning Of Period**                                                                         |   |                                          | **1,721**      |                                        |   | 22,530       |                                     |   | 3,534                                  |   |   | 27,424     |   |   | -                                       |   |
|                                                                                                                             |   |                                          |           |                                        |   |         |                                     |   |                                   |   |   |       |   |   |                                    |   |
| **Cash,                            End Of Period**                                                                               |   | **$**                                         | **215**        |                                        | $      | 19,794       |                                     | $      | 215                                    |   | $      | 19,794     |   | $      | 215                                     |   |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**STATEMENT        OF STOCKHOLDERS’ EQUITY (DEFICIENCY)**

**PERIOD        FROM INCORPORATION, JUNE 6, 2003, TO JANUARY 31, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                  |   | **NUMBER****OF****SHARES** |      | **AMOUNT** |   | **ADDITIONALPAID-INCAPITAL** |   | **ACCUMULATED****DEFICIT****DURING                        THE****DEVELOPMENT****STAGE** |    | **ACCUMULATED****OTHER****COMPREHENSIVE****LOSS** |   | **TOTAL****STOCKHOLDERS’****EQUITY****(DEFICENCY)** |   |
|-----------------------------------------------------------------------|--------|----------------------------|-----------|------------|--------|------------------------------|--------|-----------------------------------------------------------------------------------------|---------|---------------------------------------------------|--------|-----------------------------------------------------------|--------|
| Shares                    issued for debt settlement - March 31, 2004 |   |                       | 2,000,000 |       | $      | 2,000                        |   | $                                                                                       | 13,000  |                                              | $      | -                                                         |   | $ | - |   | $ | 15,000 |   |
| Shares                    issued for cash - May 18, 2004              |   |                       | 900,000   |       |   | 900                          |   |                                                                                    | 17,100  |                                              |   | -                                                         |   |   | - |   |   | 18,000 |   |
| Shares                    issued for cash - June 30, 2004             |   |                       | 110,000   |       |   | 110                          |   |                                                                                    | 9,790   |                                              |   | -                                                         |   |   | - |   |   | 9,900 |   |
| Foreign                    currency translation                       |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | -                                                         |   |   | (45 | ) |   | (45 | ) |
| Non-cash                    services from a director                  |   |                       | -         |       |   | -                            |   |                                                                                    | 18,000  |                                              |   | -                                                         |   |   | - |   |   | 18,000 |   |
| Net                    loss for the period                            |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | (39,022                                                   | )      |   | - |   |   | (39,022 | ) |
| Balance,                    July 31, 2004                             |   |                       | 3,010,000 |       |   | 3,010                        |   |                                                                                    | 57,890  |                                              |   | (39,022                                                   | )      |   | (45 | ) |   | 21,833 |   |
| Foreign                    currency translation                       |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | -                                                         |   |   | (893 | ) |   | (893 | ) |
| Non-cash                    services from a director                  |   |                       | -         |       |   | -                            |   |                                                                                    | 36,000  |                                              |   | -                                                         |   |   | - |   |   | 36,000 |   |
| Net                    loss for the period                            |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | (70,112                                                   | )      |   | - |   |   | (70,112 | ) |
| Balance,                    July 31, 2005                             |   |                       | 3,010,000 |       |   | 3,010                        |   |                                                                                    | 93,890  |                                              |   | (109,134                                                  | )      |   | (938 | ) |   | (13,172 | ) |
| Foreign                    currency translation                       |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | -                                                         |   |   | (1,385 | ) |   | (1,385 | ) |
| Non-cash                    services from a director                  |   |                       | -         |       |   | -                            |   |                                                                                    | 9,000   |                                              |   | -                                                         |   |   | - |   |   | 9,000 |   |
| Net                    loss for the period                            |   |                       | -         |       |   | -                            |   |                                                                                    | -       |                                              |   | (19,389                                                   | )      |   | - |   |   | (19,389 | ) |
| Balance,                    January 31, 2006                          |   |                       | 3,010,000 |       | $      | 3,010                        |   | $                                                                                       | 102,890 |                                              | $      | (128,523                                                  | )      | $ | (2,323 | ) | $ | (24,946 | ) |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**JANUARY        31, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **1.** |   | **BASIS                  OF PRESENTATION AND GOING CONCERN                  CONSIDERATIONS** |
|--------|--------|----------------------------------------------------------------------------------------------|

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**JANUARY        31, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **1.** |   | **BASIS                  OF PRESENTATION AND GOING CONCERN CONSIDERATIONS**(Continued) |
|--------|--------|----------------------------------------------------------------------------------------|

| **2.** |   | **PROPERTY                  AND EQUIPMENT** |
|--------|--------|---------------------------------------------|

|                                  |   | **COST** |   | **ACCUMULATED****DEPRECIATION** |   | **JANUARY                    31****2006****NET                    BOOK****VALUE** |   | **JULY                    31****2005****NET                    BOOK****VALUE** |    |
|---------------------------------------|--------|----------|--------|---------------------------------|--------|-----------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|---------|
|                                  |   |     |        |                            |   |                                                                                   |   |                                                                           |         |   |   |  |   |
| Computer                    equipment |   | $        | 242    |                            | $      | 242                                                                               |   | $                                                                              | — |   | $ | — |   |

----

**EUROPA        TRADE AGENCY LTD.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**JANUARY        31, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **3.** | **RELATED                  PARTY TRANSACTIONS** |
|--------|-------------------------------------------------|

| a)   | Advances                  payable are due to directors of the Company for expenses paid on                  behalf of                  the Company and for travel expenses incurred. The amounts bear                  no                  interest, are unsecured and have no stated terms of                  repayment. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The                  Company has been provided with non-cash services from a director.                  Accordingly, management services of $ 3,750 (2005 - $7,500) and                  rent of                  $750 (2005 - $1,500) have been recorded, and additional paid-in                  capital                  has been increased by the corresponding                  amount. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

----

Item        3. Controls and Procedures

Item        5. Other Information

----

Item        6. Exhibits

| 31.1   | Certificate                  pursuant to Rule 13a-14(a)         |
|--------|-----------------------------------------------------------------|
|   |                                                            |
| 32.1   | Certificate                  pursuant to 18 U.S.C. Section 1350 |
|   |                                                            |

SIGNATURES

----