FORM 10-KSB

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                _______________

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934

              For the fiscal year ended July 31, 2002.

[ ]  TRANSITION  REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
     OF  1934


              For the transition period from ________ to ________.

COMMISSION  FILE  NUMBER  333-76950

                       Date of Report: October 8, 2002


                                 VALEMONT SUPPLY LIMITED
             (Exact name of registrant as specified in its charter)

              Washington                            912123475
   (State or other jurisdiction of              (I.R.S. employer
    incorporation or organization)             identification  no.)

                                6779 BLACKWELL RD
                   KAMLOOPS, BRITISH COLUMBIA V2C 6V7, CANADA
                                 (604) 681 6599
     (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

Securities registered under Section 12(b) of the Exchange Act:

  Title of Each Class                  Name of each Exchange on Which Registered
Common Stock ($0.0001 Par Value)                         None
Preferred Stock ($0.0001 Par Value)                      None

Securities registered under Section 12(g) of the Exchange Act: None


     Check  whether  the  issuer:  (1) filed all reports required to be filed by
Section  13  or 15(d) of the Exchange Act of 1934 during the preceding 12 months
(or  for  such  shorter  period  that  the  registrant was required to file such
reports),  and  (2) has been subject to such filing requirements for the past 90
days.

                                Yes  X     No
                                    ---       ---


<PAGE>
Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B not contained in this form, and no disclosure will be contained,
to  the  best  of  registrant's  knowledge,  in  definitive proxy or information
statements  incorporated  by  reference  in  Part III of this Form 10-KSB or any
amendment  to  this  Form  10-KSB  [X].

The issuer's total revenues for the year ended July 31, 2002, were $Nil.

At  October  8,  2002,  the  number of  shares  outstanding  of the registrant's
Common Stock, $0.0001 par value (the only class of voting stock), was 8,000,000.


<PAGE>
                                TABLE OF CONTENTS

                                     PART I

Item 1.   Description  of  Business . . . . . . . . . . . . . . . . . . . . .  1

Item 2.   Description  of  Property . . . . . . . . . . . . . . . . . . . . .  2

Item 3.   Legal  Proceedings. . . . . . . . . . . . . . . . . . . . . . . . .  4

Item 4.   Submission  Of  Matters To  A Vote Of Security Holders. . . . . . .  4


                                    PART II

Item 5.   Market  For  Common  Equity And Related Stockholder Matters . . . .  5

Item 6.   Plan Of Operation . . . . . . . . . . . . . . . . . . . . . . . . .  6

Item 7.   Financial  Statements . . . . . . . . . . . . . . . . . . . . . . .  9

Item 8.   Changes And Disagreements With Accountants On Accounting And
Financial  Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

                                    PART III

Item 9.   Directors, Executive Officers, Promoters And Control Persons;
Compliance With Section 16(A) Of The Exchange Act . . . . . . . . . . . . . . 10

Item 10.  Executive  Compensation . . . . . . . . . . . . . . . . . . . . . . 10

Item 11.  Security Ownership Of Certain Beneficial Owners And Management. . . 11

Item 12.  Certain  Relationships  And  Related  Transactions. . . . . . . . . 11

Item 13.  Exhibits  And  Reports  On  Form  8K. . . . . . . . . . . . . . . . 12



                 [This Space Has Been Intentionally Left Blank]


<PAGE>
                                     PART I

ITEM  1.  DESCRIPTION  OF  BUSINESS

GENERAL

Valemont  Supply  Limited  was  incorporated  under  the  laws  of  the State of
Washington  on  June  25,  2001, and is in its early exploration stage. To date,
Valemont  Supply Limited's only activities have been organizational, directed at
acquiring  its  mineral  claims,  raising  its  initial capital and exploration.
Valemont Supply Limited has not commenced commercial operations. Valemont Supply
Limited  has  no  full  time  employees and owns no real estate. Valemont Supply
Limited  intends  to  complete the exploration of its mineral claims, its search
for  mica  and  to  generally  meet  its  future  corporate  obligations.

PRODUCT  DESCRIPTION


Collectively the mineral claims make up s  whose primary mineral is mica schist.
However,  these  mineralized  materials  do  not constitute reserves. Mica has a
number  of  end  uses  such  as  oil  drilling  muds,  building products, paint,
plastics,  rubber  and  other  end  uses.


-     Drilling  muds  for  the  oil  and  gas  industry.


Drilling  muds are used to lubricate and seal drilling shafts when exploring for
oil  and  gas.  The muds have a natural tendency to flow into and seal cracks in
the  perimeter  of  the drill shaft preventing the influx of unwanted fluid into
the  shaft  while  drilling  and  possible  loss of oil well control.  The platy
structure of mica added to drilling mud facilitates the overlapping of particles
to  form  a  layer or wall on the outside of the shaft, thereby preventing fluid
influx.   Low  quality  mica is consumed in oil wells where purity and color are
not  important.  Generally  the  rock  formations in North America are such that
drilling  mud  is  required  to  effectively drill for oil and gas.  This is not
generally  the case in other oil drilling areas in the Middle East and the North
Sea.   Mica  competes  with  several  other  products  used  in  drilling  mud,
particularly a substance called bentonite.  Bentonite is another mineral that is
mined and has the same pliability, viscosity and lubrication properties as mica.
Consumption  of  mica  in drilling muds is directly related to oil well drilling
activity  and  the availability and cost of substitute products.  Consumption by
the  oil  and  gas  industry  has  grown  substantially as a result of new drill
programs being initiated throughout North America. This has been a direct result
of  high  oil and gas prices and governments desire to become energy sufficient.



-     Building  Industry

The  largest  market  for  mica  is  in  the  building industry.   Mica is used:
-    In civil engineering applications including to strengthening and rebuilding
     bridges, water systems and highways.
-    As a filler and extender in joint cement, which is used to fill joints in
     the erection of gypsum plasterboard. When mica is mixed into the joint
     cement compound, it acts as a reinforcing agent and prevents cracking and
     peeling and reduces shrinkage. Consumption of mica in joint cement is
     closely related to the level of construction activity and the use of gypsum
     plasterboard by the construction industry. Use of plasterboard is common
     only in the North American construction industry.

-     Insulating  And  Fireproofing

Mica  is  used  in  the  production  of  insulating  and  fireproof  wallboards,
particularly  in  the United Kingdom. Mica is used as an asbestos substitute due
to  its  similar  insulating  and  fire-resistant  physical properties. Valemont
Supply  Limited expects that the use of mica in wallboard will expand throughout
North  America,  Europe  and  Japan  due  to  its  fire  resistant  properties.

                                        1
<PAGE>

INDUSTRY  CONDITIONS  AND  COMPETITION

Although  Valemont Supply Limited is an exploration company and has no reserves,
it  has  acquired a property with mineralized material and does not at this time
contemplate  attempting  to acquire other properties. Thus management feels that
it  has  no  real  competitors  with  respect  to  property  acquisitions.


EMPLOYEES

Valemont  Supply  Limited  is  an exploration stage company and currently has no
employees.  A.E. Daem, its only officer and director, currently manages Valemont
Supply Limited Valemont Supply Limited looks to Mr. Daem for his entrepreneurial
and  exploration  skills  and  talents.  He  has extensive operating experience,
covering  a  broad  spectrum  of  businesses. His experience includes working as
president  and chief executive officer for a packaging company and most recently
as  the  president  and  chief  executive  officer  of  an  exploration company.

Management  plans to use consultants, attorneys and accountants as necessary and
does not plan to engage any full-time employees in the near future. A portion of
any future employee compensation likely would include the right to acquire stock
in Valemont Supply Limited, which would dilute the ownership interest of holders
of  existing  shares  of  Valemont  Supply  Limited's  common  stock.



ITEM  2.  DESCRIPTION  OF  PROPERTY


Valemont  Supply  Limited's  mineral  claims  are  located in the Cariboo Mining
District  of  British  Columbia,  Canada.  Specifically,  the  property  lies at
latitude 52o 46'N and longitude 119o 18'W. eight km south of Valemont, B.C., and
the  mineral  title  reference  is:



     Map.  083D14W
     U.T.M.  Zone  11
     Administrative  Area
     Mining  Division:
     District  2075
     Mining  Dist.  03  -  Cariboo


Access  to the claims area is by an all weather road that connects directly to a
highway.  The  road  dissects  Valemont  Supply  Limited's mineral claims and is
maintained  by the British Columbia Department of Highways. The main line of the
Canadian  National Railway is 2km East of the mica schist deposit located on the
property.  For  power the Avola-Valemont transmission line crosses the property.
For  water  the  Canoe  River  flows  along  the South boundary of the property.

To maintain the claims on an annual basis Valmont Supply Limited must perform a
minimum  of  two hundred Canadian dollars per claim of validated work plus pay a
ten  Canadian  dollar  per  claim registration fee to the Provincial Government.
Cash  may  be  paid  in  lieu  of  work. All claims have been maintained and are
current  with  the  provincial  government.

                                        2
<PAGE>


The  mica  in  this  property was discovered in 1961. Prior to being acquired by
Valemont Supply Limited, much work was carried out in order to better understand
the  exact  nature  and  location of the mica schist found on the property. This
work  included:

Surface  exploration  and  geochemistry
-    Several trenches were dug and bulk samples taken.
-    In addition several drill holes were made with assay results indicating
     the property owned by Valemont Supply Limited contains a mineralized
     material of 2,286,000 tons of mica schist accessible to open pit recovery.
     However, these mineralized materials do not constitute reserves.
-    Metallurgical test conducted in 1981 at Bacon, Donaldson laboratories in
     Vancouver, with input from Kilborn engineering, on behalf of Brinco Mining
     Ltd verified a the mineralized material, but not reserves.
-    A small-scale mining project was carried out in 1987 by Beaty Geological
     Ltd on behalf of Lico Resources Inc and Technigen Platinum Corporation
     resulting in four 60-70 ton bulk samples and six diamond drill holes being
     drilled which further outlined and exposed the deposit for the current
     owners, Valemont Supply Limited

No  work  has  been  done  by  Valemont Supply Limited on the property. Valemont
Supply  Limited does not have reserves, but it's proposed program of exploration
includes  engaging  professionals to review the previous findings of mineralized
materials  with  respect  to  the  property.  This will encompass the following:


-    Walk the claims making sure the lines are clear of underbrush and to check
     the condition of the staking posts, the metal claim tags and numbers on
     each post
-    Verify and validate all the data Valemont Supply Limited has compiled on
     the claims. This work history goes back forty years to 1961.
     o    Valemont Supply Limited will try to locate bulldozer trenching to take
          samples.
     o    Valemont Supply Limited will try to locate some of the 18 short holes
          drilled to see of any of the core is available for sampling
-    During a 1978 summer program several small pits were dug
     o    Valemont Supply Limited will try to locate some of these pits for
          sampling. If the pits are in unusable condition Valemont Supply
          Limited will dig several sample pits for sampling
     o    Valemont Supply Limited will try to locate the areas of the two drill
          programs carried out in 1978 with the object of finding core for
          sampling. The drill locations will be cleaned up and marked for use if
          further validation is necessary
-    Valemont Supply Limited will conduct a thorough outcrop search of the
     property mapping and samplings were appropriate.
-    The two new roads cut in the area will be examined and sampled should they
     prove of interest.

Valemont  Supply  Limited's  property is without known reserves and the proposed
program  is  exploratory  in  nature.  Once the foregoing has been completed and
analyzed  to  verify  the  existing  reports,  Valemont  Supply Limited hopes to
determine  if  its  mineral  deposit  is  economically  and  legally  viable.


                                        3
<PAGE>


Valemont  Supply  Limited  acquired the Valemont mineral claims from Mr. Douglas
Payne  in  an arms length transaction.Valemont Supply Limited paid $30,000 US in
cash  to  Mr.  Payne  in  exchange for the mineral claims. In addition under the
terms  of  sale  Valemont  Supply Limited is required to pay or cause to be paid
$2.00  US  per  ton of pit run of mica containing ore extracted from the mineral
claims,  this  payment  constitutes  a  net  royalty  payment to Mr. Payne. This
payment  is  to  be  made within 30 days of the pit run mica leaving the mineral
claims.  The price per ton will be negotiated at the end of the first five years
and  each  five  years  thereafter. The price renewal will not exceed the United
States  of  America  inflation  rate,  nor  be less than the preceding five year
period.

The mineralized material is exposed in sparse outcrops and in trenches excavated
by  a  mining  company  in  l981.  However,  these  mineralized materials do not
constitute reserves. Drilling has encountered three beds of mineralized material
striking  northeasterly  and dipping shallowly northwestward into the moderately
south  sloping  hillside.  The top bed varies from 15 m to 25 m thick (averaging
17  m)  and contains an average mica content of 60.6%.  The mica schist bed also
continues  to  the  northwest  but management feels that increasingly thick hard
surface  materials  would increase the waste produced when mined, making it less
economic  and  thus  more  expensive  to  mine.

The  mica  content  is  variable throughout the extent of the three beds of mica
schist.  In  order  to  confirm  the  mica  content,  six  holes were drilled in
January-February  1987  to provide more information. Analytical results indicate
that  the  percentage  of  mica  averages 56.1%. The analysis indicates that the
total  percentage  of  mica  appears  to  increase  to  the  east.

Valemont  Supply  Limited  currently maintains limited office space, occupied by
Mr. Daem, for which it pays no rent. Its address is 6779 Blackwell Rd, Kamloops,
British  Columbia  V2C  6V7,  Canada,  and  its  phone number is (604) 681 6599.
Valemont  Supply Limited does not believe that it will need to obtain additional
office  space  at  any time in the foreseeable future until its business plan is
more  fully  implemented,  at  which  time  it  may  need  office  facilities.


ITEM  3.  LEGAL  PROCEEDINGS

Valemont  Supply  Limited  is  currently  not  a  party  to  any  pending  legal
proceedings.

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

During  the  year  ended  2002,  the  Valemont Supply Limited did not submit any
matters  to  a  vote  of security holders through the solicitation of proxies or
otherwise.  Directors are elected for one-year terms at the annual shareholders'
meeting.  Officers  hold  their  positions  at  the  pleasure  of  the  board of
directors.  No  employment agreements currently exist or are being contemplated.
There  is  no arrangement or understanding between the directors and officers of
Valemont  Supply  Limited and any other person pursuant to which any director or
officer  is  to  be  selected  as  a  director  or  officer.

                                        4
<PAGE>
                                     PART II


ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

a)  Market  Information

There  is  no  public  trading  market for Valemont Supply Limited common stock.


b)  Holders

As  of  October  8,  2002,  there was 1 shareholder of record holding a total of
8,000,000  shares  of common stock. The holders of the Common Stock are entitled
to  one vote for each share held of record on all matters submitted to a vote of
shareholders. Holders of the common stock have no preemptive rights and no right
to convert their common stock into any other securities. There are no redemption
or  sinking  fund  provisions  applicable  to  the  common  stock.

c)  Dividends

There  have  been  no  dividends declared since the inception of the Company and
there  are  no  restrictions on the ability to pay dividends on common equity or
that  are  likely to do so in the future. The payment of dividends is within the
discretion  of  the  Board  of  Directors  and  will  depend  on Valemont Supply
Limited's  earnings,  capital  requirements,  financial  condition,  and  other
relevant factors. There are no restrictions that currently limit Valemont Supply
Limited's  ability  to  pay  dividends  on  its  Common  Stock  other than those
generally  imposed  by  applicable  state  law.

d)  Recent  Sales  Of  Unregistered  Securities

Set  forth  below  is  information  regarding the issuance and sales of Valemont
Supply  Limited's  securities  without registration since its formation. No such
sales  involved  the  use  of  an  underwriter  and  no commissions were paid in
connection  with  the  sale  of  any  securities.

a.  On  June 25, 2001 Valemont Supply Limited issued a total of 8,000,000 shares
of  common  stock to A.E. Daem. The issuance of the common stock was exempt from
registration  under Regulation S. A.E. Daem was not a resident or citizen of the
U.S.  at  the  time  it received the offer to purchase and at the closing of the
purchase  of the stock, and did not acquire the stock for the account or benefit
of  any  U.S.  person.  A.E.  Daem  agreed  to  resell  such  securities only in
accordance  with  the  provisions  of Regulation S, pursuant to registration, or
pursuant  to  an  available  exemption  from  registration. The stock contains a
legend  to  the effect that transfer is prohibited except in accordance with the
provisions  of  Regulation  S,  pursuant  to  registration,  or  pursuant  to an
available  exemption  from  registration. Valemont Supply Limited will refuse to
register any transfer of the Stock not made in accordance with the provisions of
Regulation  S,  pursuant  to registration, or pursuant to an available exemption
from  registration. The issuance of the shares was also exempt from registration
under Rule 506 of Regulation D, and sections 3(b) and 4(2) of the Securities Act
of  1933,  as  amended,  due  to  Mr.  Daem's  status as the founder and initial
management  of Valemont Supply Limited, his status as an accredited investor and
the  limited  number  of  investors  (one).


                                        5
<PAGE>
ITEM  6. PLAN OF OPERATION

This annual report on Form 10-KSB contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform  Act  of  1995.  These  forward-looking  statements  involve  risks  and
uncertainties  that  could  cause  actual  results to differ materially from the
forward-looking  statements.  You  should  not  place  undue  reliance  on
forward-looking  statements.  In  some  cases,  you can identify forward-looking
statements by terminology such as "may", "will", "should", "intends", "expects",
"plans",  "anticipates",  "believes",  "estimated",  "predicts", "potential", or
"continue"  or the negative of such terms or other comparable terminology. These
statements  are  only  predictions  and  involve  known  and  unknown  risks,
uncertainties, and other factors that may cause Valemont Supply Limited's actual
results,  levels  of  activity,  performance,  or  achievements to be materially
different  from  any  future  results,  levels  of  activity,  performance,  or
achievements  expressed  or  implied  by  such forward-looking statements. These
factors  include,  among  other things, those discussed in this annual report on
Form  10-KSB  and  in  Valemont  Supply  Limited's  other  filings with the SEC.
Although Valemont Supply Limited believes that the expectations reflected in the
forward-looking  statements  are  reasonable,  forward-looking  statements  are
inherently  uncertain,  and  Valemont  Supply  Limited  cannot  guarantee future
results,  levels  of  activity,  performance,  or  achievements. Valemont Supply
Limited is under no duty to update any of the forward-looking statements in this
annual  report  on  Form  10-KSB to conform forward-looking statements to actual
results.  All  forward-looking statements should be considered in light of these
risks  and  uncertainties.


During  the  period  from June 25, 2001, (inception) through the year ended July
31, 2002, Valemont Supply Limited has engaged in no significant operations other
than  organizational  activities,  acquisition  of  a  mica  property  and  the
registration of its securities under the Securities Act of 1933. Valemont Supply
Limited  received  no revenues during this period. Valemont Supply Limited is in
the  process conducting its initial public offering of stock pursuant to its S-1
registration  statement  as filed with the securities and exchange commission on
June  19, 2002. As of October 8, 2002 Valemont Supply Limited has sold no stock.

Valemont  Supply  Limited's  plan  of operation for the next twelve-month period
will vary based on the receipt of funding that is not assured to be received. As
a  result  Valemont  Supply  Limited's  auditor  has  indicated  that  there  is
substantial  doubt  regarding Valemont Supply Limited's ability to continue as a
going  concern  and has expressed this opinion in their audit report on the July
31,  2002  financial statements. Valemont Supply Limited intends to continue the
exploration  of  its  property, in an attempt to establish mica reserves, and to
generally  meet  its  future  corporate  obligations.  Valemont  Supply  Limited
anticipates  that  until  these  procedures  are  completed it will not generate
revenues,  and  may continue to operate at a loss thereafter, depending upon the
performance  of  the  business.



LIQUIDITY  AND  CAPITAL  RESOURCES

Valemont  Supply  Limited  has funded its cash needs over the periods covered by
this  Form  10-KSB with cash on hand. It is anticipated that the cash on hand of
$986  will  not  be sufficient to satisfy cash requirements over the next twelve
months.  In  order  to satisfy its cash requirements over the next twelve months
Valemont  Supply  Limited  will  have  to  complete at least part of its initial
public offering of stock pursuant to its S-1 registration statement. If Valemont
Supply  Limited  does  not  generate  sufficient  capital to conduct its planned
operations,  it  will  conduct  a  limited work program with available funds. In
addition  Valemont  Supply  Limited would seek providers of exploration services
willing  to  be  compensate  by  issuance  of stock in lieu of cash. In this way
Valemont  Supply  Limited  would  attempt  to  complete  the planned exploration
activities.  Valemont Supply Limited has until November 30, 2002 to complete its
offering.  In the  event  that Valemont Supply Limited requires more capital, no
commitments  to  provide  additional funds have been made by management or other
shareholders.  Accordingly,  there can be no assurance that any additional funds
will  be  available  on  terms  acceptable to Valemont Supply Limited or at all.

                                        7
<PAGE>

PRODUCT  RESEARCH  AND  DEVELOPMENT

Valemont  Supply Limited plans no product research and development over the next
twelve  months.


CAPITAL  EXPENDITURES

Valemont  Supply  Limited  plans  no  purchase  or sale of plant and significant
equipment  over  the  next  twelve  months.


EMPLOYEES

Valemont  Supply  Limited  expects  no  significant  changes  in  its  number of
employees.


                 [This Space Has Been Intentionally Left Blank]



                                        8
<PAGE>
ITEM  7.  FINANCIAL  STATEMENTS

Valemont  Supply  Limited

                                                                           Index

Independent  Auditors'  Report. . . . . . . . . . . . . . . . . . . . . . .  F-1

Balance  Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  F-2

Statement  of  Operations . . . . . . . . . . . . . . . . . . . . . . . . .  F-3

Statement  of  Cash  Flows. . . . . . . . . . . . . . . . . . . . . . . . .  F-4

Statement  of  Stockholders'  Equity. . . . . . . . . . . . . . . . . . . .  F-5

Notes  to  the  Financial  Statements . . . . . . . . . . . . . . . . . . .  F-6


                                        9


                               [GRAPHIC  OMITED]



MANNING ELLIOTT                         |   11th floor, 1050 West Pender Street,
                                        |          Vancouver, BC, Canada V6E 3S7
CHARTERED ACCOUNTANTS                   |  Phone: 604.714.3600 Fax: 604.714.3669
                                                         Web: manningelliott.com



                          Independent Auditors' Report
                          -----------------------------


To  the  Board  of  Directors  and  Stockholders
of  Valemont  Supply  Limited
(An  Exploration  Stage  Company)


We  have  audited the accompanying balance sheets of Valemont Supply Limited (An
Exploration  Stage  Company)  as  of  July  31,  2002  and  2001 and the related
statements  of  operations,  stockholders'  equity and cash flows for the period
from  June 25, 2001 (Date of Inception) to July 31, 2002 and the year ended July
31,  2002  and for the period from June 25, 2001 (Date of Inception) to July 31,
2001.  These  financial  statements  are  the  responsibility  of  the Company's
management.  Our  responsibility  is  to  express  an opinion on these financial
statements  based  on  our  audits.

We  conducted  our  audits  in  accordance with U.S. generally accepted auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the  amounts and disclosures in the financial statements. An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for our opinion.

In  our  opinion, the aforementioned financial statements present fairly, in all
material  respects,  the  financial  position  of  Valemont  Supply  Limited (An
Exploration Stage Company), as of July 31, 2002 and 2001, and the results of its
operations  and  its  cash  flows  for  the  period  from June 25, 2001 (Date of
Inception)  to July 31, 2002 and the year ended July 31, 2002 and for the period
from  June  25,  2001 (Date of Inception) July 31, 2001, in conformity with U.S.
generally  accepted  accounting  principles.

The  accompanying  financial  statements have been prepared assuming the Company
will  continue  as  a  going  concern.  As  discussed in Note 1 to the financial
statements,  the  Company  has  not  generated  any  revenues  or  conducted any
operations  since  inception.  These  factors  raise substantial doubt about the
Company's  ability  to continue as a going concern. Management's plans in regard
to  these  matters are also discussed in Note 1. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.


"Manning  Elliott"


CHARTERED  ACCOUNTANTS
Vancouver,  Canada
September  18,  2002
<PAGE>

                                       F-1
<TABLE>
<CAPTION>

Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Balance  Sheets
(expressed  in  U.S.  dollars)


<S>                                                                    <C>         <C>
                                                                        July 31,    July 31,
                                                                            2002       2001
                                                                               $          $

ASSETS

Current Assets

Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        986      2,823
Prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . . . . .      3,500     10,000
--------------------------------------------------------------------------------------------

Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . .      4,486     12,823
============================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . .        950          -
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . .        700          -
--------------------------------------------------------------------------------------------

Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . .      1,650          -
--------------------------------------------------------------------------------------------

Contingency (Note 1)


Stockholders' Equity

Common Stock, par value $0.0001; 100,000,000 shares authorized;
8,000,000 shares issued and outstanding . . . . . . . . . . . . . . .        800        800

Additional Paid-in Capital. . . . . . . . . . . . . . . . . . . . . .     45,200     45,200

Donated Capital (Note 4). . . . . . . . . . . . . . . . . . . . . . .     18,637      1,250
--------------------------------------------------------------------------------------------

                                                                          64,637     47,250
--------------------------------------------------------------------------------------------

Preferred Stock, par value of $0.0001; 20,000,000 shares authorized;
none issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          -          -

Deficit Accumulated During the Exploration Stage. . . . . . . . . . .    (61,801)   (34,427)
--------------------------------------------------------------------------------------------

Total Stockholders' Equity. . . . . . . . . . . . . . . . . . . . . .      2,836     12,823
--------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Equity. . . . . . . . . . . . . .      4,486     12,823
============================================================================================

</TABLE>

    The accompanying notes are an integral part of these financial statements
                                       F-2

<PAGE>


<TABLE>
<CAPTION>

Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Statements  of  Operations
(expressed  in  U.S.  dollars)


<S>                                                <C>                   <C>          <C>
                                                   Period from
                                                      Accumulated from         Year        June 25, 2001
                                                         June 25, 2001        Ended  (Date of Inception)
                                                    (Date of Inception)    July 31,          to July 31,
                                                      to July 31, 2002         2002                2001
                                                                     $            $                    $
Revenue . . . . . . . . . . . . . . . . . . . . .                    -            -                    -


Expenses

Communication . . . . . . . . . . . . . . . . . .                2,148        2,148                    -
Consulting (Note 4) . . . . . . . . . . . . . . .               13,000       12,000                1,000
Mineral property acquisition costs (Note 3) . . .               30,000            -               30,000
Mineral property claims maintenance fees (Note 4)                2,387        2,387                    -
Professional fees . . . . . . . . . . . . . . . .               11,016        7,839                3,177
Rent (Note 4) . . . . . . . . . . . . . . . . . .                3,250        3,000                  250
---------------------------------------------------------------------------------------------------------

                                                                61,801       27,374               34,427
---------------------------------------------------------------------------------------------------------

Net Loss for the Period . . . . . . . . . . . . .              (61,801)     (27,374)             (34,427)
=========================================================================================================


Net Loss Per Share - Basic. . . . . . . . . . . .                (0.01)       (0.01)
====================================================================================


Weighted Average Shares Outstanding . . . . . . .            8,000,000    8,000,000
====================================================================================

</TABLE>



(Diluted  loss  per share has not been presented as the result is anti-dilutive)

    The accompanying notes are an integral part of these financial statements
                                       F-3


<PAGE>
<TABLE>
<CAPTION>

Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Statements  of  Cash  Flows
(expressed  in  U.S.  dollars)


<S>                                               <C>                   <C>         <C>
                                                                                            Period from
                                                      Accumulated from      Year          June 25, 2001
                                                         June 25, 2001     Ended    (Date of Inception)
                                                   (Date of Inception)   July 31,           to July 31,
                                                     to July 31, 2002        2002                  2001
                                                                    $           $                     $

Cash Flows To Operating Activities

Net loss . . . . . . . . . . . . . . . . . . . .              (61,801)    (27,374)             (34,427)

Non-cash items
Donated consulting services. . . . . . . . . . .               13,000      12,000                1,000
Donated rent . . . . . . . . . . . . . . . . . .                3,250       3,000                  250
Donated mineral property claims maintenance fees                2,387       2,387                    -

Adjustment to reconcile net loss to cash
Prepaid expenses . . . . . . . . . . . . . . . .               (3,500)      6,500              (10,000)
Accounts payable and accrued liabilities . . . .                1,650       1,650                    -
-------------------------------------------------------------------------------------------------------

Net Cash Used In Operating Activities. . . . . .              (45,014)     (1,837)             (43,177)
-------------------------------------------------------------------------------------------------------

Cash Flows From Financing Activities

Sale of capital stock. . . . . . . . . . . . . .               46,000           -               46,000
-------------------------------------------------------------------------------------------------------

Net Cash Provided By Financing Activities. . . .               46,000           -               46,000
-------------------------------------------------------------------------------------------------------

Net Increase in Cash . . . . . . . . . . . . . .                  986           -                2,823

Cash - Beginning of Period . . . . . . . . . . .                    -       2,823                    -
-------------------------------------------------------------------------------------------------------

Cash - End of Period . . . . . . . . . . . . . .                  986         986                2,823
=======================================================================================================

Non-Cash Financing Activities. . . . . . . . . .                    -           -                    -
=======================================================================================================

Supplemental Disclosures

Interest paid. . . . . . . . . . . . . . . . . .                    -           -                    -
Income taxes paid. . . . . . . . . . . . . . . .                    -           -                    -
=======================================================================================================

</TABLE>


    The accompanying notes are an integral part of these financial statements
                                       F-4




<PAGE>
<TABLE>
<CAPTION>

Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Statement  of  Stockholders'  Equity
From  June  25,  2001  (Date  of  Inception)  to  July  31,  2002
(expressed  in  U.S.  dollars)


<S>                                 <C>          <C>          <C>           <C>       <C>      <C>
                                                                                                Deficit
                                                                                            Accumulated
                                                                additional                   During the
                                                                   Paid-in   Donated        Development
                                         Shares       Amount       Capital   Capital     Total    Stage
                                              #            $             $         $         $        $

Balance - June 25, 2001 (Date of
 Inception). . . . . . . . . . . .            -            -             -         -        -         -

Stock issued on June 25, 2001 for
 cash. . . . . . . . . . . . . . .    8,000,000          800        45,200         -   46,000         -

Value of rent donated by related
 party . . . . . . . . . . . . . .            -            -             -       250      250         -

Value of services donated by
 related party . . . . . . . . . .            -            -             -     1,000    1,000         -

Net loss for the period. . . . . .            -            -             -         -        -   (34,427)
--------------------------------------------------------------------------------------------------------

Balance - July 31, 2001. . . . . .    8,000,000          800        45,200     1,250   47,250   (34,427)

Value of rent donated by related
 party . . . . . . . . . . . . . .            -            -             -     3,000    3,000         -

Value of services donated by
 related party . . . . . . . . . .            -            -             -    12,000   12,000         -

Mineral property claims
 maintenance fees paid for and
 donated by a related party. . . .            -            -             -     2,387    2,387         -

Net loss for the year. . . . . . .            -            -             -         -        -   (27,374)
--------------------------------------------------------------------------------------------------------

Balance - July 31, 2002. . . . . .    8,000,000          800        45,200    18,637   64,637   (61,801)
========================================================================================================

</TABLE>


    The accompanying notes are an integral part of these financial statements
                                       F-5



<PAGE>
Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Notes  to  the  Financial  Statements
(expressed  in  U.S.  dollars)


1.     Exploration  Stage  Company
The  Company  was  incorporated  in the State of Washington on June 25, 2001. On
June  26, 2001 the Company purchased twelve mica mineral claims, situated in the
Cariboo  Mining  Division  in  the Province of British Columbia, Canada. Mica is
mainly  used  in  the  oil and gas industry, in the form of oil drilling mud, to
lubricate  the  shafts  of  drilling  rigs.
The  Company's principal business plan is to continue exploration of its mineral
properties  in  order to confirm the mica content of mineralized materials found
there  and to ultimately seek earnings by exploiting any mica available from the
mineral  claims.
The Company is an exploration stage company. At present, management devotes most
of  its  activities  to  raise  sufficient  funds  to  further  develop the mica
property.  Planned  principal  activities have not yet begun. The ability of the
Company  to  emerge  from  the  exploration  stage  with  respect to any planned
principal  business  activity  is dependent upon its successful efforts to raise
additional  equity  financing  and/or  attain profitable operations. There is no
guarantee that the Company will be able to raise any equity financing or develop
the  mica  property  to  extract  and sell mica at a profit. These factors raise
substantial  doubt  regarding  the  Company's  ability  to  continue  as a going
concern.
The  Company  filed  an  S-1  Registration  Statement  with  the U.S. Securities
Exchange  Commission  which  has  been  made  effective.


2.     Summary  of  Significant  Accounting  Principles

a)     Year  End

The  Company's year end is July 31.

b)     Use  of  Estimates

The  preparation  of  financial  statements  in  conformity  with U.S. generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and  the  reported  amounts  of  revenues  and  expenses  during the
reporting  period.  Actual  results  could  differ  from  those  estimates.

c)     Basic  Earnings  (Loss)  Per  Share

Basic  earnings  (loss)  per  share  have  been  calculated  in  conformity with
Financial Accounting Standards Board Statement No. 128 "Earnings per Share". The
Company  has  a  simple capital structure without potential common shares. Basic
earnings (loss) per share is calculated on the weighted average number of common
shares  outstanding  each  year.

d)     Exploration  Costs

The  Company  is  in  the  exploration  stage  and all costs relating to mineral
property  grassroots  exploration  are  charged  to  operations  as  incurred.

e)     Income  Taxes

The  Company  has adopted the provisions of Financial Accounting Standards Board
Statement  No.  109  (SFAS  109),  Accounting  for  Income  Taxes.

Pursuant  to  SFAS 109 the Company is required to compute tax asset benefits for
net operating loss carry forwards. Potential benefit of net operating losses has
not  been  recognized  in the financial statements because the Company cannot be
assured  that  it is more likely than not that it will utilize the net operating
loss  carry  forwards  in  future  years.

The  Company has tax losses of $4,427 and $27,374 to offset future years taxable
income  expiring  in  fiscal  2016  and  2017  respectively.

                                       F-6


<PAGE>
Valemont  Supply  Limited
(An  Exploration  Stage  Company)
Notes  to  the  Financial  Statements
(expressed  in  U.S.  dollars)

2.     Summary  of  Significant  Accounting  Principles  (continued)

e)     Income  Taxes

The  components  of  the  net  deferred  tax  asset, the statutory tax rate, the
effective  tax  rate  and  the  elected  amount  of  the valuation allowance are
scheduled  below:

<TABLE>
<CAPTION>



<S>                     <C>       <C>
                            2002     2001
                               $        $

Net Operating Loss . .    27,374    4,427
Statutory Tax Rate . .        34%      34%
Effective Tax Rate . .         -        -
Deferred Tax Asset . .     9,307    1,505
Valuation Allowance. .    (9,307)  (1,505)
------------------------------------------

Net Deferred Tax Asset         -        -
==========================================
</TABLE>




3.     Mineral  Properties

Pursuant  to  a  sales  agreement  dated  June 26, 2001, the Company acquired 12
mineral  claims  containing  a  mica  mineral  deposit.  The mineral property is
located  in  the  Cariboo  Mining  Division in the Province of British Columbia.
Consideration  paid  was $30,000 and an exclusive right to a Royalty on the mica
produced  from  the  mica  claims in the amount of US$2.00 per ton of pit run of
mica  containing  ore extracted from the mica claims. This payment constitutes a
net  royalty payment to the vendor. This payment is to be made within 30 days of
the  pit  run mica leaving the mica claims. The price per ton will be negotiated
every  five  years.  The  mica in this property was first discovered in 1961 and
prior to acquiring the property previous owners performed an exploration program
in  order  to  better  understand  the  nature  and  location  of the mica. This
exploration  included  trenching, bulk sampling and several assayed drill holes.
This  exploration  program  verified  a  commercially  acceptable  grade of mica
accessible  to  open  pit  recovery.  In  1987  a small-scale mining project was
carried out resulting in four bulk samples of 60 to 70 tons each and six diamond
drill  holes  being  drilled.  This  project  outlined  and  exposed the deposit
further.  The  Company has not conducted a full evaluation required to designate
reserves,  and  therefore  has  no  mica  reserves.  Pursuant  to  the Company's
accounting  policy  on  mineral properties the acquisition costs of $30,000 have
been  charged  to operations as persuasive engineering evidence has not yet been
obtained  to  prove  recoverable  mica  reserves  exist.


4.     Related  Party  Transactions

The President of the Company has donated services valued at $1,000 per month and
rent  valued  at  $250 per month. The President of the Company also paid for and
donated mineral property claims maintenance fees totalling $2,387. These amounts
have  been  charged  to  operations  and  classified  as  "donated  capital"  in
stockholders'  equity.

                                      F-7
<PAGE>

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

Manning  Elliott  Chartered  Accountants has served as Valemont Supply Limited's
independent auditor since inception, and Valemont Supply Limited has not had any
dispute  with Manning Elliott Chartered Accountants over accounting or financial
disclosure.


                                    PART III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,  AND  CONTROL  PERSONS;
COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

The  following  table sets forth the name, age and position of each director and
executive  officer  of  Valemont  Supply  Limited:
<TABLE>
<CAPTION>


<S>        <C>  <C>
NAME. . .  AGE  POSITION
           ---  -----------------------------------------
A.E. Daem   64  President, Secretary, Treasurer, Director
---------  ---  -----------------------------------------
</TABLE>




Mr.  Daem became a director and officer of Valemont Supply Limited in June 2001.
In  1960,  Mr.  Daem  graduated  from  the University of British Columbia with a
degree  in  Science  and Pharmacy. During the last 15 years, Mr. Daem has worked
for  Circle  Drugs  Inc,  a  private  company,  as director, president and chief
executive officer, growing the retail chain while maintaining profitability. Mr.
Daem  also  worked for Air packaging International a public company from 1989 to
1991  as  director,  president  and chief operating officer; a packaging company
which has developed a number of packaging products. Mr. Daem worked from 1991 to
1999  as  president,  director  and  chief  executive  officer  of International
Tournigan  Inc,  a  public  exploration  company searching for minerals. Through
International  Tournigan  Inc.  Mr.  Daem  has  the  experience  of  financing,
administration and engaging and managing the activities of numerous professional
engineers  and  geologists  in the search for minerals in Canada, Unites States,
Africa,  Papua  New  Guinea  and  Peru. Mr. Daem is also the sole shareholder of
Armanda  International  Trader  Inc.  in  which  he conducts his private passive
investment  business,  which  consists  of  a diversified portfolio of long term
equity  investments  in  large  publicly  traded  companies.  Mr.  Daem  devotes
approximately 40% of his time to his position in Valemont Supply Limited, in the
areas  of  finance,  administration  and  exploration  coordination.


The  director  named above will serve until the first annual meeting of Valemont
Supply  Limited's  shareholders.  Thereafter,  directors  will  be  elected  for
one-year  terms  at  the  annual shareholders' meeting. Officers will hold their
positions  at  the  pleasure of the board of directors. No employment agreements
currently  exist  or  are  being  contemplated.  There  is  no  arrangement  or
understanding  between  the  director and officer of Valemont Supply Limited and
any  other person pursuant to which any director or officer is to be selected as
a  director  or  officer.

The  directors and officers of Valemont Supply Limited will devote their time to
Valemont  Supply  Limited's  affairs  on  an "as needed" basis. As a result, the
actual amount of time that they will devote to Valemont Supply Limited's affairs
is  not  consistent  and  is  likely  to vary substantially from month to month.


ITEM  10.  EXECUTIVE  COMPENSATION

The  following  table  provides  summary information for the years 2001 and 2002
concerning  cash  and  noncash  compensation  paid or accrued by Valemont Supply
Limited  to  or  on  behalf  of  the president and the only other employee(s) to
receive  compensation  in  excess  of  $100,000.

<TABLE>
<CAPTION>
                                  SUMMARY COMPENSATION TABLE

                                                      Long Term Compensation
                                               ----------------------------------
                      Annual Compensation            Awards              Payouts
                    -------------------------------------------------------------
                                      Other                 Securities
                                      Annual   Restricted     Under-
Name and                             compen-      Stock        lying       LTIP     All Other
Principal           Salary   Bonus    sation     Awards      Options/    Payouts     Compen-
Position      Year    ($)     ($)      ($)         ($)       SARs (#)      ($)     sation ($)
----------------------------------------------------------------------------------------------
<S>           <C>   <C>      <C>     <C>       <C>          <C>          <C>       <C>
A.E.          2001        -       -         -            -            -         -  $    1,000*
Daem          2002        -       -         -            -            -         -  $   12,000*
 President,
Secretary,
and Director
<FN>
* This is a non cash item and accounted for as donated capital in the financial statements
</TABLE>


                                        10
<PAGE>
Compensation  of  Directors

There  is  no plan in place at this time for Valemont Supply Limited's directors
to  be  compensated.

ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

The  following  table  sets  forth  certain information regarding the beneficial
ownership  of  the stock of Valemont Supply Limited as of July 31, 2002, by each
shareholder  who  is  known  by Valemont Supply Limited to beneficially own more
than  5% of the outstanding common stock, by each director, and by all executive
officers  and  directors  as  a  group.

<TABLE>
<CAPTION>


<S>                                                           <C>           <C>
                                                                            Percentage of
                                                                            Outstanding
Name . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Shares Owned  Shares Owned
------------------------------------------------------------  ------------  --------------
A.E. Daem, President, Secretary, Treasurer, and Director
 Kamloops, B.C. Canada . . . . . . . . . . . . . . . . . . .     8,000,000            100%
------------------------------------------------------------  ------------  --------------
All Executive Officers & Directors As A Group (1 Individual)     8,000,000            100%
------------------------------------------------------------  ------------  --------------
</TABLE>



ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

No director, executive officer or nominee for election as a director of Valemont
Supply  Limited,  and  no  owner  of  five  percent  or  more of Valemont Supply
Limited's outstanding shares or any member of their immediate family has entered
into  or  proposed any transaction in which the amount involved exceeds $60,000.

Other  than  the  $12,000  recorded  each  year as consulting fees and currently
returned  to the company in the form of donated capital and the 8,000,000 shares
issued  to  Mr.  Daem  in exchange for $46,000 upon inception of Valemont Supply
Limited,  there has been nothing of value (including money, property, contracts,
options, or rights of any kind) received or to be received by Mr. Daem, directly
or  indirectly, from the Valemont Supply Limited Valemont Supply Limited has not
received any other assets, services or other consideration as a result. Valemont
Supply  Limited  arbitrarily  determined  the  price of the shares issued to Mr.
Daem.


                                        11
<PAGE>
ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8K

     1.   Exhibits
<TABLE>
<CAPTION>

Exhibit   Page  Description
No.       No.
-------------------------------------------------------------------------------------------------
<S>       <C>   <C>
3(a)(i)     *   Articles Of Incorporation Of Valemont Supply Limited
-------------------------------------------------------------------------------------------------
3(a)(ii)    *   By-laws Of Valemont Supply Limited
-------------------------------------------------------------------------------------------------
4           *   Specimen Share of Common Stock
-------------------------------------------------------------------------------------------------
10.1        *   Agreement  Between Valemont Supply Limited  And Douglas Payne Dated June 26, 2001
                for the acquisition of its mica property
-------------------------------------------------------------------------------------------------
10.2        *   Subscription Agreement and Investment Letter re: A.E. Daem
-------------------------------------------------------------------------------------------------

*Incorporated by reference filed with the Form S-1 filed with the Securities and Exchange
   Commission on June 19, 2002.

</TABLE>

     2.   Reports  on Form 8-K:

          There  were  no  reports filed on Form 8-K reporting during the period
          covered  by  this  report


                                        12
<PAGE>
SIGNATURES

In  accordance  with  Section  12  of  the  Securities Exchange Act of 1934, the
registrant  caused  this  Amendment to Form 10-KSB to be signed on its behalf by
the  undersigned,  thereunto  duly  authorized, this 8th day of October 2002.

                               Valemont Supply Inc

                               /s/ A.E. Daem
                               ---------------------------
                               Name:  A.E. Daem
                               Title: President and Director

In  accordance  with  the Exchange Act, this report has been signed below by the
following  persons  on behalf of the registrant and in the capacities and on the
dates  indicated.

Signature                      Title                      Date
---------                      -----                      ----


/s/ A.E.  Daem          President and Director     October 8, 2002



                                  CERTIFICATION
In  connection  with the accompanying form 10-KSB of Valemont Supply Limited for
the year ended July 31, 2002, the following officers of Valemont Supply Limited,
hereby  certify:

     1.   I  have  reviewed  this  annual  report  on  Form  10-KSB;

     2.   Based  on my knowledge, this annual report does not contain any untrue
          statement  of  a  material  fact  or  omit  to  state  a material fact
          necessary  to  make the statements made, in light of the circumstances
          under  which such statements were made, not misleading with respect to
          the  period  covered  by  this  annual  report;  and
     3.   Based  on  my knowledge, the financial statements, and other financial
          information  included  in  this  annual  report, fairly present in all
          material  respects  the financial condition, results of operations and
          cash  flows of the registrant as of, and for, the periods presented in
          this  annual  report.

By:       /s/ A.E. Daem

A.E. Daem
President,  Chief  Executive  Officer and Chief  Financial  Officer

Date:          October 8,  2002





                                        13

<TABLE>
<CAPTION>

Exhibit   Page  Description
No.       No.
-------------------------------------------------------------------------------------------------
<S>       <C>   <C>
3(a)(i)     *   Articles Of Incorporation Of Valemont Supply Limited
-------------------------------------------------------------------------------------------------
3(a)(ii)    *   By-laws Of Valemont Supply Limited
-------------------------------------------------------------------------------------------------
4           *   Specimen Share of Common Stock
-------------------------------------------------------------------------------------------------
10.1        *   Agreement  Between Valemont Supply Limited  And Douglas Payne Dated June 26, 2001
                for the acquisition of its mica property
-------------------------------------------------------------------------------------------------
10.2        *   Subscription Agreement and Investment Letter re: A.E. Daem
-------------------------------------------------------------------------------------------------

*Incorporated by reference filed with the Form S-1 filed with the Securities and Exchange
   Commission on June 19, 2002.


</TABLE>