Securities  and  Exchange  Commission

                               Washington  DC  20549

                                   Form  10-KSB

GENERAL  FORM  FOR  REGISTRATION  OF  SECURITIES  OF  SMALL  BUSINESS  ISSUERS

[X] Annual  Report Under Section 13 or 15(d) of the  Securities  Exchange Act of
1934:  For  the  fiscal  year  ended  December  31,  2001

[ ] Transition  Report Under Section 13 or 15(d) of the Securities  Exchange Act
of  1934:  For  the  transition  period  from__________  to____________

Commission  file  number  0-29987
                        -------------

                         United  Trading.Com
                  ------------------------------------
                 (Name  of  Small  Business  Issuer  in  its  charter)


            Nevada                                 88-0106514
            ------                                 ----------

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

               10762  MacArthur  Blvd.  Suite  300,  Irvine,  CA  92612
               -------------------------------------------------
                    (Address  of  principal  executive  offices)

                                 (949)  553-9660
                                 --------------
                            Issuer's  telephone  number

        Securities  registered  under  Section  12(b)  of  the  Act:  NONE

        Securities  registered  under  Section  12(g)  of  the  Act:

          $0.001  Par  Value Voting Common Shares             OTC Bulletin Board

                  (Title  of Class)                        (Registered Exchange)

Check whether the issuer (1) filed all reports  required to be filed by Sections
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.  [X]Yes [ ]No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  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.  [  ]

The  issuers  revenues  for  the  year  ended  December  31,  2001.  NONE



                                       1


The aggregate  market value of the voting and  non-voting  common equity held by
non-affiliates  based on the average bid and asked price of such common  equity,
as  of  March 26, 2002  was  $181,759.

The number of shares  outstanding of each of the issuer's classes of such common
equity,  as  of  March 26, 2002,  was  5,150,098  shares.

Transitional  Small  Business  Disclosure  Format  (check  one):  Yes___;  No_X_


                                     PART  I

ITEM  1.  DESCRIPTION  OF  BUSINESS.

        Organization  and  General  History
United  Trading.Com  (hereinafter  referred to as "United" or the "Company") was
formed  as a corporation under the laws of the State of Nevada in 1952 under the
name  "Blue  Jacket Mining Company". In December 1994 the Company's shareholders
approved  a reverse merger with United Casino Corporation, a Nevada Corporation,
and  the  Company's  name was changed at that time to United Casino Corporation.
The Company then pursued the general business objectives of providing consulting
and  product  support  for the entertainment industry particularly as applied to
the  world  wide  Internet.  In April, 1996, the Company's controlled subsidiary
UCC-Netco  Ltd.  (an  Alberta,  Canada  Corporation)  formed in 1995 merged with
Alexander  Wolfe  a  publicly  traded Nevada Company (renamed Netbet Inc.). As a
result of the merger the Company acquired 3,913,402 restricted (pursuant to Rule
144)  shares  of  Netbet  Inc.  (approximately  32% ownership of Netbet Inc.) In
January,  1997,  the  Company  acquired approximately a 31% interest (restricted
shares  pursuant  to  Rule  144)  in  Torrey Pines Nevada Inc. a publicly traded
Nevada  Company  through  a  merger  of  the  Company's  wholly owned subsidiary
Internet  Consultants  Ltd.  (a  private Nevada Corporation formed in 1995) with
Torrey  Pines  Nevada.  In  January,  1998, Torrey Pines Nevada Ltd. merged with
Netbet  Inc.  As  a  result  of  the  merger  the Company received an additional
1,033,437  restricted  shares  of  Netbet  Inc.  The Company's total interest in
Netbet  Inc.  as of January 1998 represented approximately 26% of the issued and
outstanding  shares  of  Netbet  Inc.  In  March  1999 Netbet Inc. merged with a
private  company.  As  a  result of this merger the Company's interest in Netbet
Inc.  was  reduced  to  approximately  7.8%.

In  June  of  1999  the  Company distributed the 3,913,402 shares of Netbet Inc.
acquired  by  the  Company  in April 1996 directly to the Company's shareholders
on  a  prorate  basis  of  the  Shareholders  ownership  of  the  Company.

In  July  of 1999 the Company sold the remaining 1,033,437 shares of Netbet Inc.
acquired in January 1998 in a Rule 144 sale.  The Company used the proceeds from
this  sale  of stock to develop proprietary software for e-commerce applications
for  future  license  sales.

In  November of 1999 the Company effected a 50/1 reverse split of its issued and
outstanding  common  stock.  In  February,  2000,  the  Company  entered into an
agreement  with BFI, Limited, a Cook Islands corporation, whereby for 10,000,000
shares  of  the Company's common restricted stock, the Company received $300,000
in  notes  and  software  services,  (the notes were subsequently paid by BFI by
providing  an  additional  $200,000  in software programming services. In March,
2000,  the  Company  sold  a total of 2,000,000 shares of common stock through a
private  placement  in  Nevada  pursuant to Nevada Revised Statutes 90.490 for a
total  of  $150,000.  In  August, 2000, the Company's name was changed to United
Trading.Com. In October, 2000 the Company's common stock was adjusted by a 3 for
1  forward  split, and in December, 2001 adjusted by a 1 for 8 reverse split.


                                      2

-     BUSINESS  OF  ISSUER
      --------------------

During  the  first half of 2001, the Company continued its marketing of software
aimed  at  the  On-line gaming industry.  Due to a lack of success in developing
updated  and  improved  software  following  the departure of the Company's sole
programmer,  an  agreement was entered with Recantoazul, the holder of a license
to  use  the  Company's  software,  whereby  Recantoazul would assume all future
maintenance  and  update of the software and pay the Company a license fee based
on  Recantoazul's  profits  from  the  sublicense  of the software to franchised
On-line  gaming sites.  During the last half of 2001, and presently, the Company
is  continuing  a  strategic  analysis  for  determining  potential  mergers and
acquisitions. Management is seeking a merger or acquisition candidate which will
meet  predetermined  objectives for the Company's future profit and growth.  See
also Managements Plan of Operations elsewhere in this document.  Due to existing
economic and market conditions, the timeframe for an initial  merger transaction
may  extend  beyond  a  twelve-month  period.  The  issuer  anticipates the cash
requirements  to  be  minimal  during  the  acquisition  period.

The  Company  does  not currently rely on the availability of any raw materials.

The  Company  currently has no products or services for sale and accordingly has
no customers.

The Company intends to apply for patents and copyrights when deemed appropriate.
Currently  there  are  no  patents  or  copyrights  held by  the  Company.

During  the  Company's  current  stage  of development there are no governmental
Approvals Required for any of the Company's activities.

The  Company  is  not  currently  expending  any  resources  on  research  and
development.

The  Company  does  not believe that its current or near term planned operations
will  require  approval  under  existing  environmental  laws.

The  Company  currently  has  one  full  time employee.  Future requirements for
additional  personnel  will  depend  on  any merger or acquisition that that the
Company may effect.


                                       3

Item  2  DESCRIPTION  OF  PROPERTY.
        -----------------------

The  Company  currently  leases Executive office space in Irvine, California for
its principal executive office.

The  Company  has  no  official  policy  with respect to any investments in real
estate  and  does  not  have,  or  plan  to  have,  any  investments in any such
properties.


Item  3  LEGAL  PROCEEDINGS.
        -----------------

The  Company  is  not  a  party  to  any  pending  legal  proceedings.


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

No matters were submitted to a vote of security holders during the quarter ended
December  31,  2001.


                                     PART  II

ITEM 5.  MARKET  PRICE  AND  DIVIDENDS  ON  UNITED'S  COMMON  EQUITY  AND  OTHER
         -----------------------------------------------------------------------
STOCKHOLDER  MATTERS.
-------------------

The Company's Common Stock was traded on a limited basis in the over the counter
market  under  the name Untied Casino Corporation and the symbol "UCNO" prior to
August 3, 2000.  From August 3, 2000 until October 10, 2000, the Company's stock
was  traded  under  the  name  United Trading. Com with the symbol "UTTD."  From
October  10,  2000,  following the forward split of the Company's stock, through
December  20,2001 the stock was traded under the symbol "UTDT."  On December 21,
2001  following  a one for eight reverse stock split, the stock has traded under
the  symbol  "UDTC"  and  has  continued  to  be  traded  under this symbol with
quotations published on the
OTC  Bulletin  Board.

The  high and low sales prices for each quarter for the years ended December 31,
2000  and  2001 adjusted for all forward and reverse splits were  as  follows:

          Quarter  Ended                 Low                    High  *
          --------------            ---------------        ----------------

          March  31,  2000                0.1600              0.1600
          June  30,  2000                 3.3336              8.6664
          September  30,  2000            2.6936              9.3336
          December  31,  2000             0.3600              4.6664

          March  31,  2001               $0.7200             $0.1280
          June  30,  2001                 0.6800              0.0720
          September  30,  2001            0.6320              0.1040
          December  31,  2001             0.1200              0.0400

*  Prices adjusted for 1/50 reverse stock split in November, 1999, a 3/1 forward
stock  split effective October 10, 2000, and a 1/8 reverse stock split effective
December 21, 2002.

Quotations for United's common stock reflect inter-dealer prices, without retail
markups,  markdowns  or  commissions  and may not represent actual transactions.




                                       4

-     HOLDERS
      -------
The  number  of  holders  of  the Company's common stock as of Dec. 31, 2000 was
approximately  1300.
These  numbers  do  not  include  an  indeterminate number of stockholders whose
shares  may  be  held  by  brokers  in  street  name.

-     DIVIDENDS
      ---------

(1)     No  cash  dividends have been declared on any stock of the Registrant in
the  last  two  fiscal  years.

(2)     The  Registrant  does  not plan to pay dividends on common equity in the
foreseeable  future.

     RECENT  SALES  OF  UNREGISTERED  SECURITIES
     ---------------------------------------
The  Table  below  summarizes  the  information  required  for  all the sales of
unregistered  securities  by  Registrant  for  the  past  3  years.

<TABLE>
<CAPTION>

Date      Shares*         Base Rules Relied        Shareholder    Consideration other
                          upon for Exemption         Name or           Than Cash
                          from Registration**         Class
        ---------------  --------------------     --------------  -------------------
<S>     <C>              <C>                      <C>             <C>
                         Regulation S &           Bus. Eng. Ltd.  Consulting Services
Jun-99           15,000  Section 4(2) of the                      Valued at $2,000
                         Act.
                         --------------------     --------------  --------------------
                         Regulation S &           Malt Ltd.       Revenue Sharing
Jun-99          225,000  Section 4(2) of the                      Agreement valued at
                         Act.                                     $             30,000
                         --------------------     --------------  --------------------
                         Regulation S &           Binary Magic    Consulting Services
Jun-99            7,500  Section 4(2) of the      Ltd.            Valued at $1,000
                         Act.
                         --------------------     --------------  --------------------
                         Regulation S &           Chinatech       Consulting Services
Jun-99            7,500  Section 4(2) of the      Trading         Valued at $1,000
                         Act.
                         --------------------     --------------  --------------------
Jun-99            1,850  Section 4(2) of the      Gary Tate       Consulting Services
                         Act & Rule 144                           Valued at $250
                         --------------------     --------------  --------------------
                         Regulation S &           Graeme          Consulting Services
Jun-99            1,850  Section 4(2) of the      Whitfield       Valued at $250
                         Act.
                         --------------------     --------------  --------------------
                         Regulation S &           BFI Ltd.        $ 100,000 Consulting
Feb-00        3,750,000  Section 4(2) of the                      Services and
                         Act.                                     $ 200,000 Promissory
                                                                  Note
                         --------------------     --------------  --------------------
                         a) Reg D Section 504     Sales made in   Cash $150,000 gross
Mar-00          750,000  b)Nevada Revised         Nevada U.S.A.   Proceeds.
                         Statutes 90.490          to four         Net Proceeds
                         c)Section 4.2 of the     unaccredited    $            147,000
                         Act.                     investors
                         --------------------     --------------  --------------------
                         Regulation S &           Company         Consulting Services
Oct-00           18,750  Section 4(2) of the      Consultants       Valued at $51,500
                         Act.
                         --------------------     --------------  --------------------
                         Regulation S &           Company         Consulting Services
Dec-00          257,500  Section 4(2) of the      Consultants     Valued at $103,000
                         Act.
                         --------------------     --------------  --------------------

*   Prices  adjusted  for  1/50 reverse stock split in November, 1999, a 3/1
forward  stock  split  effective  October  10,  2000, and  a  1/8  reverse stock split
effective December 21, 2002.

**  As well as any other available exemptions from registration.


</TABLE>


                                       5

Item 6 -PLAN  OF  OPERATION
        -------------------

The  Company is continuing a strategic
analysis  for  determining potential mergers and acquisitions. Issues of primary
importance  in  determining  the  right acquisition include:
   (a) industry-leading technology/viable  business  operation;
   (b) strategic compatibility;
   (c) market opportunity;
   (d) sales  and  earnings;
   (e) original capitalization of the merger candidate;
   (f) additional  capital  required  to  fund  operations;
   (g) existing management/infrastructure;
   (h) competition  and
   (i) liabilities and contingent exposure.
Management  will  utilize  this  analysis  to establish target parameters for an
Acquisition  search.  Due  to  existing  economic  and  market  conditions,  the
timeframe  for  an  initial  merger transaction may extend beyond a twelve-month
period.  The  issuer  anticipates the cash requirements to be minimal during the
acquisition  period.  Should  additional  funding  be required, the Company will
seek  private  sources  of  loans  to  meet such needs, however, there can be no
assurances  that needed funds will be available at reasonable costs if available
at  all.  No  significant  purchases  of  additional  equipment are planned. The
Registrant  does not plan to hire any new full time employees during the next 12
months  unless,  or until an merger or acquisition is consummated, in which case
the requirement for any additional employees will depend on the actual merger or
acquisition.

In  February  2001,  the  Company  announced an agreement to acquire Quick Draw,
Inc.,  a  Nevada corporation owner of ATM machines located throughout the United
States, subject to completion of due diligence by United Trading. As of the date
of  this  document,  United  Trading  has not completed its due diligence and is
awaiting  the  confirmation  of  funding by Quick Draw which was to be completed
prior  to  the  finalization of the acquisition of Quick Draw by United Trading.
Quick  Draw is still in the process of acquiring such financing and is unable to
provide an expected date of completion. United Trading continues to be committed
to  completing  the acquisition of Quick Draw and has authorized an extension of
the  agreement  to  enable  Quick  Draw  to  complete  the  required  financing.


     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
     ---------------------------------------------------------------------------
OPERATIONS.
----------

During  the  fiscal  year  ended  December  31,  2000, United announced the sale
of six licenses each for its casino and sports book software. However due to the
deterioration of the Internet market, two of the licenses for each software were
never  fully  consummated  and  two  sales of each software were canceled by the
purchasers  due  to their inability to bring the planned Internet sites on line.
In  the  fiscal  year  ended  December 31, 2001, there were no sales of software
made,  and  all prior sales were canceled.  The Company ceased sales of software
and  entered  into  a one time exclusive license agreement with Recantoazul, the
primary  purchaser of the Company's software in 2000, where by the Company would
receive  a  license  fee  based  solely  on  the profits of Recantoazul from its
sublicense  and  franchising  of  On-line  gaming  sites.

ITEM  7.  FINANCIAL  STATEMENTS.

                                       6



                       UNITED TRADING.COM AND SUBSIDIARIES

                        CONSOLIDATED FINANCIAL STATEMENTS

                           DECEMBER 31, 2000 AND 2001

                                      WITH

                                    REPORT OF
                           CERTIFIED PUBLIC ACCOUNTANT












                                       7

                                UNITED  TRADING.COM
                          (A  Development  Stage  Company)
                   INDEX  TO  CONSOLIDATED  FINANCIAL  STATEMENTS

                                                                       Page
                                                                       ----

Independent  Auditor's  Report                                          F-3

Consolidated  Balance  Sheet  as  of  December  31,  2001               F-4

Consolidated  Statements  of  Operations  for  the  years
ended  December  31,  2000  and  2001  and  the  cumulative  period
during  the  development  stage  from  Inception
through  December  31,  2001                                            F-5

Consolidated  Statement  of  Changes  in  Shareholders'
Equity  (Deficiency),  for  the  years  ended
December  31,  2000  and  2001, and from  Inception  through
December  31,  2001                                                     F-6


Consolidated  Statements  of  Cash  Flows  for  the
years  ended  December  31,  2000  and  2001  and  the  cumulative
period  during  the  development  stage  from
Inception  through  December  31,  2001                                 F-7

Notes  to  Consolidated  Financial  Statements                 F-8  -  F-10






                                      F-2

                                       8






                              WILLIAM E. COSTELLO, CPA
                        16055 VENTURA BOULEVARD, suite 1212
                              ENCINO, CALIFORNIA 91436

                            INDEPENDENT AUDITOR'S REPORT


Board of Directors
United Trading.con


I  have  audited  the  accompanying  balance  sheets  of  united Trading.com and
Subsidiaries  as  or  December  31, 2001, and December 31, 2000, and the related
statements of income (loss), changes in stockholders' equity, and cash flows for
the  years  then ended. These financial statements are the responsibility of the
Company's  management.  My  responsibility  is  to  express  an opinion on these
financial  statements  based  on  my  audit.

I  conducted  my audit in accordance with generally accepted auditing standards.
Those  standards  require that I 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.
I  believe  that  my  audits  provide  a  reasonable  basis  for  my  opinion.

In  my opinion the financial statements referred to above present fairly, in all
material respects, the financial position of United Trading.com and Subsidiaries
as  of  December  31,  2001 and 2000, and the results of its operations and cash
flows for the years then ended, in conformity with generally accepted accounting
principles.



S/William E. Costello
------------------------
William E. Costello, CPA
March 28, 2002
Encino, California




                                      F-3
                                       9

<TABLE>
<CAPTION>

                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                                  BALANCE SHEET


                            ASSETS
                            ------
                                                             December 31,
                                                             ------------
                                                            2001        2000
                                                      ------------  -------------
<S>                                                   <C>           <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $     1,590      21,975
   Current portion of contacts receivable (Note 2) .            -     270,000
   Deposits. . . . . . . . . . . . . . . . . . . . .            -      25,000
                                                      ------------  ----------

Total Current Assets . . . . . . . . . . . . . . . .        1,590     316,975
                                                      ------------  ----------

PROPERTY AND EQUIPMENT
   Fixed Assets (Net of depreciation of
     $     4,862)                                               -      13,958
                                                                    ----------

      Total Property and Equipment . . . . . . . . .            -      13,958
                                                      ------------  ----------

OTHER ASSETS
   Contracts receivable. . . . . . . . . . . . . . .            -     270,000
   Software for Licensing  (net of
      amortization of none and $58,334) (Note 3) . .            -     575,884
                                                      ------------  ----------

                                                                -     845,884
                                                      ------------  ----------

      Total Assets . . . . . . . . . . . . . . . . .  $     1,590   1,176,817
                                                      ============  ==========


                 Liabilities and Shareholder Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .       55,499           -

OTHER LIABILITIES
   Advances/deposits . . . . . . . . . . . . . . . .            -      91,300
   Deferred income taxes (Note 4). . . . . . . . . .            -      40,000
                                                      ------------  ----------

                                                           55,499     131,300
                                                      ------------  ----------

STOCKHOLDERS' EQUITY
   Preferred Stock par value $0.001 (20,000,000
     Shares authorized, none issued and outstanding             -           -

   Common Stock par value $0.001 (50,000,000 shares
     authorized, 5,150,098,and 41,208,104 issued
     and outstanding). . . . . . . . . . . . . . . .        5,150      41,208
   Additional Paid-in Capital. . . . . . . . . . . .    1,167,829   1,131,771
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .   (1,226,889)   (127,463)
                                                      ------------  ----------

   Total Stockholders' Equity. . . . . . . . . . . .      (53,909)  1,045,516
                                                      ------------  ----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $     1,590   1,176,816
                                                      ============  ==========


See accompanying notes to financial statements
</TABLE>

                                                                           F-4
                                       10
<PAGE>
<TABLE>
<CAPTION>

                                        UNITED TRADING.COM
                                 (A Development Stage Enterprise)
                                      STATEMENT OF OPERATIONS
                                                                                      Inception
                                                   Year ended       Year ended     December 31, 1994
                                                  December, 31     December, 31          Thru
                                                      2001             2000        December 31, 2001
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>              <C>
REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $            -   $            -   $      544,894
   Sales. . . . . . . . . . . . . . . . . . . .               -          770,000          770,000
   Interest Income. . . . . . . . . . . . . . .               -                -            3,764
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .               -          770,000        1,318,658

EXPENSES

   General and Administrative . . . . . . . . .         130,075          336,658        1,091,015
   Allowance for Uncollectable Debt . . . . . .               -                -          160,937
   Loss from write-down of software . . . . . .         538,492                -          538,492
   Loss from write-down of notes receivable . .         406,067                -          406,067
   Depreciation and Amortization. . . . . . . .          64,792           62,173          164,508
   Loss from activities of NetBet . . . . . . .               -                -          184,528
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .       1,139,426          398,831        2,545,547
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $   (1,139,426)  $      371,169  $    (1,226,889)

   Income Taxes (Note 4). . . . . . . . . . . .          40,000          (40,000)               -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $   (1,099,426)  $      331,169   $   (1,226,889)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.213)          $0.077          ($0.761)
                                                 ===============  ===============  ===============

Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999,
    3/1 forward spit in October, 2000,
   and 1/8 reverse split in 2001 . . . . . . . .      5,150,300        4,275,063        1,612,785
                                                 ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>
                                                                             F-5
                                       11
<PAGE>

<TABLE>
<CAPTION>
                                         UNITED TRADING.COM
                                  (A Development Stage Enterprise)
                                      STATEMENT OF CASH FLOWS

                                                                                       Inception
                                                     Year ended      Year ended       Dec 31, 1994
                                                    December 31,     December 31,         Thru
                                                        2001             2000       December 31, 2001
                                                  ---------------  ---------------  -----------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $   (1,099,426)  $      331,169        ($1,226,889)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .          64,792           62,173            140,963
   Loss on disposal of office Furniture & Equip.          10,258                -             15,972
   Loss on write-off of software for license . .         538,492                -            538,492
   loss on cancellation of notes receivable. . .         406,067                -            406,067
   Changes in operating assets and liabilities:
   Decrease (increase) in Deferred
      Offering Costs . . . . . . . . . . . . . .               -           15,550                  -
   Increase (decrease) in Accounts Payable . . .          55,499          (27,583)            55,499
     (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .         133,933         (540,000)          (406,067)
   (Increase) decrease in Other Receivables. . .               -                -                  -
   Increase (decrease) in Advance License Fees .         (91,300)          91,300                  -
   (Increase) decrease in Deposits . . . . . . .          25,000          (25,000)                 -
   Increase (decrease) in Deferred Taxes . . . .         (40,000)          40,000                  -
                                                  ---------------  ---------------    ---------------

Net cash provided by Operating Activities. . . .           3,315          (52,391)          (475,963)
                                                  ---------------  ---------------    ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .               -           (2,411)           (36,318)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .         (27,400)        (511,631)          (661,618)
  Decrease (increase) in  Organization Costs . .               -                -             (1,190)
                                                  ---------------  ---------------    ---------------

Net cash (used) by Investment activities . . . .         (27,400)        (514,042)          (699,126)
                                                  ---------------  ---------------    ---------------

FINANCING ACTIVITIES
---------------------------------
   Disposal of Office Furniture & Equip. . . . .           3,700                -              3,700
   Increase (decrease) in Common Stock . . . . .               -          584,949          1,172,979
                                                  ---------------  ---------------    ---------------

Net cash provided by Financing Activities. . . .           3,700          584,949          1,176,679
                                                  ---------------  ---------------    ---------------

Increase (decrease) in Cash. . . . . . . . . . .         (20,385)          18,516              1,590

Cash at Beginning of Period. . . . . . . . . . .          21,975            3,459                  -
                                                  ---------------  ---------------    ---------------

Cash at End of Period. . . . . . . . . . . . . .  $        1,590   $       21,975     $        1,590
                                                  ===============  ===============    ===============


See accompanying notes to financial statements

</TABLE>
                                                                             F-6
                                        12
<PAGE>

<TABLE>
<CAPTION>
                       UNITED TRADING.COM
               (A Development Stage Enterprise)
  CONSOLIDATED  STATEMENT  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY
         For the Years ended December 31, 1999, 2000 and 2001


                                     Common Stock
                                    --------------          Paid-in     Retained       Total
                                 Shares         $           Capital     Earnings      Equity
                               ----------    ----------     ---------    ---------   ---------
<S>                            <C>          <C>            <C>          <C>         <C>

Balance 12/31/98                  115,150   $       115    $  922,038   ($201,221)  $  720,932

Distribution of NetBet
   stock to Shareholders                                     (368,623)                (368,623)

Issuance of Stock for
   Software                       225,000           225        29,775                   30,000

Issuance of Stock for
   Consulting services             33,750            34         4,466                    4,500

Net Loss                                                                 (257,411)    (257,411)
                                ---------     ---------     ---------   ---------    ---------
Balance @ 12/31/99                373,900    $      374    $  587,656   ($458,632)  $  129,398
                                =========     =========      ========    =========    =========

Shares issued to achieve
   rounding to even number
   Nov.'99 rev. stock  split          219

Issuance of Stock for
   Cash and Services            3,750,000         3,750       296,250                  300,000

Sale of Stock (504D)              750,000           750       129,700                  130,450

Issuance of stock for
    Services                       18,750            19        51,481                   51,500

Issuance of stock for
    Services                      257,500           257       102,742                  102,999

Net Income year ended 12/31/00                                            331,169      331,169
                                ---------     ---------    -----------   ---------    ---------
Balance @ 12/31/00              5,150,369    $   5,150    $ 1,167,829    (127,463)   1,045,516
                                =========     =========    ===========   =========   ==========

Shares lost due to reverse
   Stock split rounding              (271)

Net Loss year ended 12/31/01                                           (1,099,426)     331,169
                                ---------     ---------    ---------    ---------     ---------
Balance @ 12/31/01              5,150,098    $    5,150   $1,167,829  ($1,226,889)  $   53,909
                                =========     =========   ==========   ===========   ==========

Number of shares issued reflects a 1 for 50 reverse stock split effected November 2, 1999, a 3 for 1 forward
stock split effected October 4, 2000 and a 1 for 4 reverse stock split effected December 21, 2001.

</TABLE>


See  Accompanying  Notes


                                                                             F-7
                                        13
<PAGE>



                                 UNITED  TRADING.COM
                        (Formerly  United  Casino  Corporation)
                          (A  Development  Stage  Enterprise)
                     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                             December  31,  2000  and  2001



1.  ORGANIZATION
-------------------------


United  Trading.COM  (hereinafter  referred to as the "Company") was formed as a
corporation  under  the laws of the State of Nevada in 1952 under the name "Blue
Jacket  Mining Company."  In December 1994 the Company's shareholders approved a
reverse  merger  with  United  Casino Corporation, a Nevada Corporation, and the
Company's  name  was  changed  at  that  time to United Casino Corporation.  The
Company then pursued the general business objectives of providing consulting and
product  support  for  the entertainment industry particularly as applied to the
world wide Internet. In August, 2000, the name was changed to United Trading.Com
to  reflect  the change in business to encompass a broader e-commerce visibility
on  the  Internet

In  April  1996, the Company's controlled subsidiary UCC-Netco Ltd. (an Alberta,
Canada  Corporation)  formed  in  1995,  merged  with Alexander Wolfe a publicly
traded  Nevada  Company  (renamed  Netbet Inc.).  As  a result of the merger the
Company  acquired  3,913,402  restricted (pursuant to Rule 144) shares of Netbet
Inc.  (approximately  32%  ownership  of  Netbet  Inc.)

In  January  1997  the Company acquired approximately a 31% interest (restricted
shares  pursuant  to  Rule  144)  in  Torrey Pines Nevada Inc. a publicly traded
Nevada Company through a merger with Torrey Pines Nevada of the Company's wholly
owned  subsidiary Internet Consultants Inc. (a private Nevada Corporation formed
in 1995).  In January 1998 Torrey Pines Nevada Inc. merged with Netbet Inc. As a
result  of  the  merger  the Company received an additional 1,033,437 restricted
shares  of Netbet Inc. The Company's total interest in Netbet Inc. as of January
1998  represented  approximately  26%  of  the  issued and outstanding shares of
Netbet Inc. In March 1999 Netbet Inc. merged with a private company. As a result
of   this  merger  the  Company's  interest  in  Netbet,  Inc.  was  reduced  to
approximately  7.8%.

In  June of  1999  the  Company  distributed the 3,913,402 shares of Netbet Inc.
acquired  by the Company in April 1996 directly to the Company's shareholders on
a  prorate  basis  of  the  Shareholders  ownership  of  the  Company.

In  July  of 1999 the Company sold the remaining 1,033,437 shares of Netbet Inc.
acquired  in January 1998 in a Rule 144 sale. The Company used the proceeds from
this  sale  of stock to develop proprietary software for e-commerce applications
for  future  license  sales.

In  November of 1999 the Company effected a 50/1 reverse split of its issued and
outstanding  common  stock, in October, 2000 effected a 3/1 forward stock split,
and  in December of 2001, the Company effected a 8/1 reverse split of the issued
and  outstanding  common  stock.


                                                                             F-8
                                      14

                                 UNITED  TRADING.COM
                         (Formerly  United  Casino  Corporation)
                           (A  Development  Stage  Enterprise)
                      NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                             December  31,  2000  and  2001

2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
    ------------------------------------------

  a.  Estimates  and  Assumptions
     The  preparation  of  financial  statements  in  conformity  with generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the reporting amount 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.

  b.  Investments
     Investments are carried at cost except, where in the opinion of management,
     there has been a loss in value other than a temporary decline in which case
     the  carrying  value  is  reduced  to  its  estimated  value.

     c.  Software for Licensing Expenditures incurred for the acquisition of and
     and  development of computer software for  licensing  to  third parties was
     capitalized and amortized over a 5 year period from October, 2000, the date
     of  the  first  licensing  of the software until the investment was totally
     written off in 2001.

  d.  Income  Taxes
     The  Company  provides  for  income  taxes  in accordance with Statement of
     Financial Accounting Standards No. 109, which requires the use of the asset
     and   liability  method  and  recognizes  deferred  income  taxes  for  the
     consequences  of  "temporary differences" by applying enacted statutory tax
     rates  applicable  to  future  years  to  differences between the financial
     statement  carrying  amounts  and  the  tax  bases  of  existing assets and
     liabilities.


3.  ALLOWANCE  FOR  UNCOLLECTABLE  DEBT
    --------------------------------

At  December  31,  1999, the Company had advanced a total of $160,937 to Netbet.
The  Company  has  an option to convert this note to common restricted shares of
Netbet  at  a  price of $0.125 per share.  The company could otherwise expect to
receive  reimbursement  of  these funds from Netbet through revenues received by
Netbet  from  its  operations,  and/or  from  funds raised by Netbet from equity
offerings made by Netbet.  As of December 31, 1999, Netbet had not generated any
significant  revenues  and does not have any planned equity offerings in process
which  would  permit  repayment  of  the note.  Accordingly, the Company charged
$160,937 to expense in 1999.  Proceeds, if any, from payments on this note which
may  be  received  in  future  periods  will be accounted for as revenues in the
periods  in  which  such  proceeds  are  received.


4.  RELATED  PARTY  TRANSACTIONS
    --------------------------

During the year ended December 31, 2000, the Company  made two sales each of its
casino and sports book software to Recantoazul, S.A. Recantoazul is a Costa Rica
corporation  whose President is Mr. Darren Wright, the son of Mr. Norman Wright,
former President of United Trading.Com.  The sale of the licenses to Recantoazul
was made  under  the  same conditions as the sale to Malt Limited, a Cook Island
corporation,  of two licenses each of the Company's software.  Malt Limited, was
the  holder  of  1,800,000  shares  (4.3%)  of the Company's common stock.  Both
Recantoazul  and  Malt have canceled their licenses for the Company's software,
However,  Recantoazul  has  entered  into a new license agreement for use of the
software.  As  of the date of the agreement, the Company was unable to determine
the  future  expected  revenues  from  the  agreement and therefore no value was
booked.
                                                                             F-9
                                      15
                                 UNITED  TRADING.COM
                        (Formerly  United  Casino  Corporation)
                          (A  Development  Stage  Enterprise)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           December 31, 2000 and 2001


5.  NOTES  RECEIBABLE
    ----------------

Notes  receivable, current portion and long term in the year ended 2000 are from
license sales to two new  companies  starting  business  in Internet gaming (see
Note  4  RELATED  PARTY TRANSACTIONS).


6.  PREFERRED STOCK
    ---------------

The  Board  of  Directors  approved  the establishment and issuance of 5,000,000
shares of Series A Convertible Preferred Stock on December 14, 2001. At December
31,  2001,  none  of  the  authorized  shares  had  been  issued.  The  Series A
Convertible Preferred Stock contains the following features:
   8% non-cumulative dividend
   Each share entitled to 20 votes
   Each issued share convertible, at any time, at the option of the holder, into
   the  corporation's  common  stock  at  one  common  share  for each class "A"
   preferred share held
   The  common  share  conversion feature is not subject to dilution as a common
   stock equivalent
   Payment  of  any dividends on Class "A" preferred stock is subject to and not
   in  excess of dividends on the corporation's common stock based on the factor
   (one  for  one)  into  which  the  Class "A" preferred shares are entitled to
   convert into the corporation's common stock.


7.  COMMON  STOCK
    ------------

The  Company  effected  a reverse  split of its common stock $0.001 par value on
November  2, 1999 on the basis of one share of common stock $0.001 par value for
each  50  shares  of  issued  and outstanding common stock $0.001 par value.  On
October 4, 2000, the Company effected a forward split of its common stock on the
basis of 3 shares for each one share of issued and outstanding common stock.  On
December  21,  2001  the Company effected a reverse split of its common stock on
The  basis of 1 share for each one share of issued and outstanding common stock.
The authorized capitalization of the Company remained unchanged, with 50,000,000
(par  value  $0.001)  common  shares and 20,000,000 (par value $0.001) preferred
stock  authorized.  At December 31, 2001, there were 5,105,098 common shares and
no  preferred  shares outstanding.  During the year ended December 31, 2000, the
company  made  sales  of  its  common  stock  to  the  following  entities:

Entity  or  Group      Number of Shares*           Per share price determination
-----------------      ----------------            -----------------------------
BFI  Limited           3,750,000  (restricted)    $0.08  - Board  determination
                                                 extremely  limited  market
Private  Placement
in  Nevada               750,000  (Free  Trading) $0.16  - Board determination
                                                 extremely  limited  market

Consulting  Services      18,750 (restricted)     $2.72 - closing price previous
                                                 Trading  day

Consulting  Services     257,500 (restricted)     $0.40 - closing price previous
                                                 Trading  day

No additional shares were issued during the year ended December 31, 2001.

Stock  Options  and  Warrants
-----------------------------
In  December  2001,  the  Company  granted  Mr. James Brewer options to purchase
500,000  shares,  and  Mr. James Hancock  options  to  purchase  100,000  shares
(adjusted  for  the  one  for eight  reverse  stock split effective December 21,
2001)  of  United Trading stock  at an exercise price of $0.10 per share.  Still
outstanding  at  December  31,  2001,  the  options  are exercisable at any time
prior to December 14, 2006. No other options or warrants were granted during the
years  ended  December  31, 2000 or 2001. The Company has adopted the disclosure
only  provisions  of  SFAS  123.

For  disclosure  of stock option compensation to the above individuals, the fair
value  of  options  is  estimated  on  the date of grant using the Black-Scholes
option  pricing  model  with the following weighted average assumptions used for
stock  options  granted  during  fiscal  2001:  no  annual  dividends,  expected
volatility of 50%; risk-free interest rate of 6%; and expected lives of 5 years.

The  weighted  average  fair  value  of  stock  options granted to employees and
officers  during the fiscal year 2001 was approximately $6,200. Accordingly, the
Company's  pro forma loss and net loss per share for the year ended December 31,
2001  would have  been  as  follows:

                                                    Year Ended
                                                 December 31, 2001

Net  loss  applicable  to  common  shares:

                          As reported          $     (1,099,426)
                                               =================

                          Pro forma            $     (1,105,626)
                                               =================

Net  loss  per  common  share:

                          As reported          $         (0.213)
                                               =================

                          Pro forma            $         (0.217)
                                               =================


8.  PROVISION  FOR  INCOME  TAXES
    --------------------------

The  Company generated $398,831 in pre-tax income in the year ended December 31,
2000, allowing for the cancellation in the fourth quarter of four of its license
agreements  which  sales  were  originally  recognized  in the third quarter. In
calculation  of  the  taxable income for the same period, the Company utilized a
tax-loss  carry  forward of approximately $230,000 and for tax purposes expensed
the  development  costs  of  its  software  incurred  in the current year. (Such
expenditures  were capitalized and will be amortized over a five year period for
book  purposes  -see  also  note  2.)  Expenditures  incurred in prior years was
capitalized  for  both  book  and  tax purposed to be amortized over a five year
period  for both book and tax purposes. The future tax on the difference between
amounts  capitalized for book versus tax was treated as deferred income taxes in
2000.  In  2001,  due  to  the  write  off  of  all  investment  in software and
receivables,  there  were  no  deferred  income  taxes.

                                                                           F-10
                                      16


ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS.
        ---------------------------------------------

There  have  not  been  any  changes  in  or  disagreements  with  Accountants.

                                    PART  III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,  AND  CONTROL  PERSONS.
         --------------------------------------------------------------

This  table  describes  United's  current  Directors  and  Executive  Officers.

                  NAME                       AGE                TITLE
----------------------------------------     ---               -------
James G. Brewer                               59     President, Chief Executive
                                                     Officer and Chief Financial
                                                       Officer and  Director

James L Hancock                               52     Director



Mr.  James Brewer,  President,  CEO,  CFO  and  Director  Mr.  James  Brewer has
Served  as  President,  CEO and CFO since December, 2001.  Mr. Brewer has served
As  Vice  President  and Chief Financial Officer for a number of publicly traded
Bulletin  Board  companies  over  the  past  20  years,  including Wright Energy
Corporation, Magellan Filmed Entertainment, Inc. and NetBet, Inc. He also served
As  Controller  for  McCulloch Oil Corporation, a public American Stock Exchange
corporation.  Mr.  Brewer  holds  a Bachelor of Science degree in Administrative
Management from California State University at Los Angels and an MBA from United
States  International  University  in  San  Diego  California.

Mr.  James Hancock, Director.  Mr. Hancock  has  served  as a private investment
Banker  over  the last 20 years for numerous businesses including manufacturing,
telecommunications,  medical  diagnostic  equipment, printing and publishing and
real estate. In 1998, Mr. Hancock became a Principal of Shoreline Partners, LLC,
a  middle-market  merger and acquisition company located in San Diego.  While at
Shoreline,  Mr.  Hancock  represented clients for divestiture in industries that
include  injection  molding,  candy manufacturing, concrete block manufacturing,
insurance,  software  and  e-commerce.  In  January  2001,  Mr.  Hancock  formed
Interactive  Mergers  Group,  a  private  investment  banking  firm for emerging
companies  and  investors.  Mr.  Hancock earned a Law Degree from the California
Western  School  of Law and a Bachelors of Business Administration from Southern
Methodist University.


There  are  no  family  relationships  among any of the Registrant's officers or
directors.
No director, executive officer, promoter or control person of the Company during
the  past  five  years  has  had  any  involvement  in  any legal proceedings as
described  in  Item  401  (d)  of  Regulation  S-B.


SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE
-------------------------------------------------------

Due to an oversight,  the following  individuals  did not file on a timely basis
Forms  4  or  5  reporting  changes  in  beneficial  ownership:  James  Hancock.

The  aforementioned  reports  have  been  filed prior to the filing of this Form
10-KSB.

Schedule  of  non-compliance  with  section  16(a)  of  the  exchange  Act

                                                     Number  of
     Name                     Number  of             Transactions
                             Late  Reports           Not  Reported

James Hancock                     1                        0


                                      17

ITEM.  10  EXECUTIVE  COMPENSATION
          ----------------------

The  following  table  sets forth the compensation of United Trading.Com's chief
executive  officer  for  the  periods  indicated.


<TABLE>
<CAPTION>
               SUMMARY  COMPENSATION  TABLE

               -------Annual  Compensation-------               -----Long-term  Compensation-----

                                            Other                 Securities
                                           Annual     Restricted   Underlying               All Other
Name and                                   Compen-      Stock      Options/      LTIP       Compen-
Principal               Salary    Bonus    sation     Award(s)       SAR's      Payouts     sations
Position       Year       $         $         $           $            #           $           $
(a)            (b)       (c)       (d)       (e)         (f)          (g)         (h)         (I)
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------
<S>          <C>       <C>       <C>      <C>        <C>          <C>          <C>        <C>
D. Wright
President/       1999         0        0          0            0            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

N. Wright    Jul-99
President/   to Dec.
CEO           31,1999  $ 12,000        0          0            0            0          0            0
                 2000     2,000        0          0            0            0          0            0
             2001 thru
             July 23          0        0          0            0            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

J. Hancock
President/
CEO         July 24, 2001
                Thru
        Dec. 13, 2001   $1,000         0          0            0            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

J. Brewer
President, CEO
CFO        Dec 14, 2001
               Thru
         Dec 31, 2001   $5,000         0          0            0             0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

</TABLE>


                             Option/SAR  Grants  in  Last  Fiscal  Year
                                     Individual  Grants

<TABLE>
<CAPTION>

                Number of Securities        % of Total Options/SARs          Exercise or
              Underlying Options/SARS       Granted to Employees in          Base Price    Expiration
Name               Granted (#)                   Fiscal Year
<S>         <C>                           <C>                              <C>             <C>
------------    ---------------------       -----------------------        -------------    ----------
James G. Brewer
   CEO, CFO
   and Director        500,000                     83%                          $0.10         12-15-06

James L.Hancock
   Director and
   Former President
   and CEO             100,000                     17%                          $0.10         12-15-06

Number of shares and exercise price reflect 1 for 8 reverse stock split effective December 21, 2001.


</TABLE>

Mr. James Brewer entered into a three year consulting agreement with the company
Effective  October  1,  2001, which agreement was cancelled on December 14, 2001
and  replaced  by  a  three year employment agreement effective December 1, 2001
calling for salary of $10,000 per month through September, 30, 2002, $11,250 per
month  from  October 1, 2002 through September 30, 2003, $12,500 per month, from
October  1,  2003 through September 30, 2004, and $15,000 per month from October
1,  2004  through November 30, 2004. Through December 31, 2001, no cash payments
have  been  made  to  Mr.  Brewer  on  either  the  consulting  agreement or the
employment  agreement.  Mr.  Brewer  also received an option to purchase 500,000
shares  of  the Company's common restricted stock at an option price of $010 per
share  exercisable  at  any  time  prior  to  December  15,  2006.

-     COMPENSATION  OF  DIRECTORS
      -------------------------
Prior  to  December,  2001 there were no standard arrangements pursuant to which
the  Company's  directors were to be compensated. In December, 2001 the Board of
Directors  approved  a  resolution  under which non-employee Directors are to be
paid  $500  per month for their services. In addition, Directors are entitled to
reimbursement  in  accordance  with  the  Company's  policies  for  traveling,
entertainment  and  any  other  expenses  reasonably incurred and related to the
performance  of  a  Director's  duties  and  responsibilities  on  behalf  of
Corporation.  Such fees are in lieu of any payments for attendance at Directors'
meetings. Mr. Gary Tate was paid $500 per month from July 1999 through December,
2000  and  in  June  1999  was  issued  5,000  restricted  common  shares of the
Registrant  valued  at  $250. Mr. Tate was also paid a total of $950 in 2000 for
attendance  at  special  meetings of the Board. Mr. Anderson was paid a total of
$20,113  in  2000  for  consulting  services  related  to the Company's software
development.  There  are  no  other  arrangements  pursuant  to which any of the
Company's directors was otherwise compensated during the last three fiscal years
for  any  service  provided  as  director.

-     TERMINATION  OF  EMPLOYMENT  AND  CHANGE  OF  CONTROL  AGREEMENT
      ---------------------------------------------------------
In  the event of termination of Mr. Brewer's employment agreement, Regardless of
the  reasons  or purpose of the termination of Brewer's retention as an Employee
to  the  Corporation,  the  Corporation shall not and may not terminate Brewer's
employment  as President, CEO and CFO unless and until the Corporation has fully
arranged  for  and commenced performance of the following i) Offer in writing by
the  Corporation,  approved  by the Board of Directors to purchase all shares of
stock  of  the Corporation directly or beneficially owned by JAMES G. BREWER for
cash at least thirty (30) days prior to the proposed termination date of Brewer'
Employment  Agreement  at  the  then  existing market price based on the average
published  closing  trade price for the five (5) business days prior to the date
of Notice.  Brewer may elect in his absolute discretion to waive this provision,
by notifying the Corporation in writing. ii)Payment, in cash, by the Corporation
of  all sums then due and owing, if any, as compensation, iii) Payment, in cash,
by  the  Corporation  of  all  sums  then  due  and  owing,  if  any,  pursuant
reimbursement  of  expenses.  And  iv)  Payment, in cash, by the Corporation for
buyout  of  remainder  of  the Employment Agreement at the rate of fifty percent
(50%) of the regular Salary in effect.


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND MANAGEMENT.
          --------------------------------------------------------------

This  table  describes  the  ownership  at  December  31,  2001 of the Company's
outstanding  common  stock by: (i) each of the Company's Officers and Directors;
(ii)  each  person  who  is  known  by  the  Company  to own more than 5% of the
Company's  outstanding  common  stock;  and  (iii) all of the Company's Officers
and  Directors  as  a  group:


                                      18

<TABLE>
<CAPTION>
TITLE OF         NAME AND ADDRESS OF          AMOUNT AND NATURE OF    PERCENT OF
CLASS             BENEFICIAL OWNER            BENEFICIAL OWNERSHIP       CLASS
<S>       <C>                                <C>                      <C>
                                                     (Common Shares)
          Principle Shareholders
          ---------------------------------
Common    BFI Ltd.                            3,750,000 ( See Note1)     72.8%(1)
Stock     C/O Trustnet (Cook Islands) Ltd.
          Avarua, Rarotonga
          Cook Islands

          Officers Directors
          ---------------------------------
Common    James Hancock                                        - 0 -      - 0 -
Stock     19762 MacArthur Blvd., suite 300
          Irvine, CA 92612
          ---------------------------------
Common    James Brewer                                       1,875        0.036%
Stock     17612 Jordan Ave. #1A
          Irvine, CA 92612
                                                           ________     ________
          ---------------------------------

          All Officers and Directors
          as a group (3 persons)                              1,875       0.036%

</TABLE>


(1)     Note  -  Shares  owned by BFI Ltd. are restricted securities pursuant to
Regulation  S  issued on Feb 12, 2000 (see also Part 2 - Item 5 "Recent Sales of
Unregistered  Securities").  BFI  Ltd. has performed certain software consulting
services  for the Company (See Part 3 Item 12 "Certain Relationships and related
transactions").  The Company  is  not  aware of any other arrangements which may
result  in  a  change  of  control  of  the  Company.


Item  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.
          ----------------------------------------------

Software  consulting  services were provided to the Company by BFI Ltd. a holder
of  72.8%  of  the  Company's  common stock. BFI was paid $300,000 in restricted
securities  during  the year ended December 31, 2000, and nothing in prior years
for such services. The Company has a license agreement with Recantoazul S.A. for
the use of The Company's casino and sports book software.  Recantoazul S.A. is a
Costa  Rican  Corporation  which Mr. Darren Wright, the son of Mr. Norman Wright
(former  President  of  United  Trading.Com),  is president.  Recantoazul paid a
total  of $105,000 to the Company in 2000 and $31,000 in 2001 for the use of the
Company's  software.  Recantoazul has since canceled all original agreements and
Entered  into  a  new  license  agreement  in  2001  whereunder  Recantoazul  is
responsible for all maintenance and update of the Company's software in exchange
for a license fee based on Recantoazul's profits.


                                      19


ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.
          --------------------------------

a)  Exhibits

Exhibit
Number                                                        Description  **
------                                                        --------------

     3.1*                             Articles  of  Incorporation,  as  restated
                                      for  United  Trading.Com

     3.2*                             By-Laws as restated for United Trading.Com

     4.1*                             Specimen  Stock  Certificate

     4.2                              Rights, Preferences, Privileges and
                                      Restrictions Series "A" Convertible
                                      Preferred Stock

     10.1*                            Revenue  Sharing  Agreement with Malt Ltd.
                                      dated  June  6,  2000

     10.2*                            License  Agreement  with  Recantoazul S.A.
                                      for  use of Internet Casino Software dated
                                      11  July,  2000.

     10.3*                            License  Agreement  with  Recantoazul S.A.
                                      for  use  of Internet Sports book Software
                                      dated  September  20,  2000.

     10.4*                            License  Agreement  with  Malt  Limited
                                      for  use of Internet Casino Software dated
                                      July  25,  2000.

     10.5*                            License  Agreement  with  Malt  Limited
                                      for  use  of Internet Sports book Software
                                      dated  September  20,  2000.

     10.6*                            2nd  License  Agreement  with  Recantoazul
                                      S.A.  for  use of Internet Casino Software
                                      dated  September  30,  2000.

     10.7*                            2nd  License  Agreement  with  Recantoazul
                                      S.A.  for  use  of  Internet  Sports  book
                                      Software  dated  September  28,  2000.

     10.8*                            2nd  License  Agreement  with Malt Limited
                                      for  use  of  Internet  Casino  Software
                                      dated  August  14,  2000.

     10.9*                            2nd  License  Agreement  with Malt Limited
                                      for  use  of  Internet  Sports  book
                                      Software  dated  September  20,  2000.

     10.10*                           Cancellation  notice  dated  December  22,
                                      2000  for  2nd  License  Agreement  with
                                      Recantoazul  S.A.  for  use  of  Internet
                                      Casino  Software dated September 30, 2000.

     10.11*                           Cancellation  notice  dated  December  22,
                                      2000  for  2nd  License  Agreement  with
                                      Recantoazul  S.A.  for  use  of  Internet
                                      Sports  book  Software dated September 28,
                                      2000.


                                      20


     10.12*                           Cancellation  notice  dated  December  28,
                                      2000  for  2nd  License  Agreement  with
                                      Malt  Limited  for  use  of  Internet
                                      Casino  Software  dated  August  14, 2000.

     10.13*                           Cancellation  notice  dated  December  28,
                                      2000  for  2nd  License  Agreement  with
                                      Malt  Limited  for  use  of  Internet
                                      Sports  book  Software dated September 20,
                                      2000.

     10.14*                           Stock  Option  Plan

     10.15*                           Recantoazul Software License Agreement
                                      Dated August 6, 2001,With Recantoazul,
                                      S.A., for use and maintenance of software

     10.16                            Employment agreement with Mr. James
                                      Brewer, retaining him as President, CEO
                                      CFO dated December 14, 2001.

     10.17                            Agreement  and  Plan  of  Merger,  United
                                      Trading.Com,  and  Quick  Draw  ATM,  Inc.

*  Exhibits  were  previously  filed.

** Summaries of all Exhibits  contained within this  Registration  Statement are
modified  in  their  entirety  by  reference  to  these  Exhibits.



(b)  REPORTS  ON  FORM  8-K

There  have  been  no reports of Form 8-K made during the quarter ended December
31, 2001.


                                 SIGNATUARES


IN  accordance  with  Section  13  or  15(d) of THE Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                   UNITED  TRADING.COM
                        ---------------------------------------------------
                                  (Registrant)



                    By:      s/James Brewer,  President  and  Director
                        -------------------------------------------------


                    Date: March 29, 2001
                          ----------------


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  indicted.




                    By:       s/James Hancock,  Director
                        ------------------------------------


                    Date: March 29, 2001
                          ----------------



                                      21

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