SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

(Mark One)
   [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 (No fee required) for the transition period from to


         Commission file number: 333-42970
                                 ---------


                                 INVESTNET, INC.
        (Exact name of small business issuer as specified in its charter)


                 Nevada                                87-0650263
     (State or other jurisdiction                    (I.R.S. Employer
   of incorporation or organization                 Identification No.)




                 1403 East 900 South Salt Lake City, Utah 84105
                 ----------------------------------------------
               (Address of principal executive office) (Zip Code)


                                 (801) 582 9609
                                 --------------
                           (Issuer's telephone number)


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

          Title of Each Class          Name of each Exchange on Which Registered
          -------------------          -----------------------------------------
    Common Stock ($0.001 Par Value)                       None

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

                         Yes    X                  No
                             ------                   ----

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form,  and if no disclosure  will be contained,
to the best of issuer'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 number of outstanding shares of the issuer's common stock,  $0.001 par value
(the only class of voting stock), as of December 31, 2001 was 10,500,000.


<PAGE>



                                TABLE OF CONTENTS

                                     PART I
                                                                           Page


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

Item 2.           Description of Property. . . . . . . . . . . . . . . . . . .10

Item 3.           Legal Proceedings. . . . . . . . . . . . . . . . . . . . . .10

Item 4.           Submission of Matters to a Vote of Security-Holders.  . .  .10


                                     PART II

Item 5.           Market for Common Equity and Related Stockholder Matters. . 11

Item 6.           Management's Discussion and Analysis or Plan of Operation . 12

Item 7.           Financial Statements. . . . . . . . ... . . . . . . . . .. F-1

Item 8.           Changes in and Disagreements With Accountants on
                  Accounting and Financial Disclosure. . . . . . . . . . . . .13

                                    PART III

Item 9.           Directors and Executive Officers. . . . . . .  . . . . . .  13

Item 10.          Executive Compensation......................................14

Item 11.          Security Ownership of Certain Beneficial Owners
                  and Management..............................................15

Item 12.          Certain Relationships and Related Transactions..............16

Item 13.          Exhibits, List and Reports on Form 8-K......................16

                  Signatures..................................................17

                  Index to Exhibits . . . . . . . . . . . ............... . . 18


<PAGE>



                                     PART I

ITEM 1.           DESCRIPTION OF BUSINESS

InvestNet, Inc. is a corporation formed under the laws of the state of Nevada on
March 16, 2000. Our executive  offices are located at 1403 East 900 South,  Salt
Lake City, Utah 84105 and our telephone number is (801) 582 9609. Our registered
statutory  office is  located  at 920 Sierra  Vista  Drive in Las Vegas,  Nevada
89109.

General

InvestNet was formed for the purpose of engaging in efforts to identify, develop
and extract  precious  metals.  To date,  InvestNet has initiated an exploration
program designed to define the presence of economically  recoverable deposits of
precious  metals on our property.  InvestNet's  principal  asset  consists of an
option to explore and if feasible develop a certain tract of land located in the
vicinity  of  Greenwood,  British  Columbia,  Canada,  known  as the  Bow  Mines
property.  The Bow Mines property is a gold-silver vein prospect with a regional
history of precious  metals  recovery.  InvestNet has not  commenced  commercial
operations and has no full time employees.

Option Agreement

On June 16, 2000, InvestNet entered into an option agreement with Bow Mines Ltd.
and Karl Schindler. The option agreement grants to InvestNet the exclusive right
to acquire a 100%  interest in the Bow Mines  property  subject to a net smelter
royalty of 4% in consideration of certain option payments and expenditures to be
satisfied over the next six years. InvestNet satisfied an initial option payment
of $30,000,  and has since made two successive option payments totalling $10,000
to maintain the Option and incur a  determined  amount of  exploration  expenses
needed to acquire the Bow Mines property.  The remaining option payments and the
determined amount of exploration expenses with the respective  performance dates
are as follows:

         Option Payments                    Amount            Due Date
         ---------------                    ------            --------
         Fourth Option                      $60,000           June 14, 2002
         Fifth Option                       $100,000          June 14, 2003
         Sixth Option                       $100,000          June 14, 2004
         Seventh Option                     $100,000          June 14, 2005
         Eighth Option                      $100,000          June 14, 2006

         Exploration Expenditures           Amount             Due Date
         ------------------------           ------            ---------
         Initial Exploration                $250,000          July 1, 2002
         Secondary Exploration              $500,000          July 1, 2004
         Tertiary Exploration               $1,000,000        July 1, 2006

Should  InvestNet's  exploration  expenditures  in any given period  exceed that
minimum amount required by the option  agreement,  then that amount in excess is
to be credited to the following periods.  InvestNet manages all exploration work
carried out on the Bow Mines property.



                                        1

<PAGE>



Bow Mines Property

The Bow Mines property is without known reserves, and the exploratory program is
preliminary in nature.

The Bow Mines  property  is located  approximately  three miles from the city of
Greenwood in southern British Columbia,  Canada.  The claims can be reached from
Greenwood  via paved road by following  Highway 3 south for three miles  towards
Boundary Falls and then turning  northwest onto Boltz Road for one and half mile
journey to the property.

The  northern  portion  of the Bow Mines  property  is  situated  on a  sparsely
covered,  moderately steep,  east facing slope  overlooking  Boundary Creek. The
main mine workings are located just south of a prominent diorite cliff with over
1,000  feet of  vertical  relief.  South of the mine  area,  the  topography  is
subdued,  with  undulating  grassy hills  sloping  east into the Boundary  Creek
valley.  Elevations  range from about 2,000 feet in the Boundary Creek valley in
the south east portion of the property and to about 3,500 feet at the top of the
diorite cliffs to the  northwest.  Rock exposure is good in the northern part of
the Bow Mines property while a thick layer of cover subdues much of the southern
portion of the  property  with only  minimal  outcrop  exposed.  The  climate is
typically  dry,  with hot  summers  and  little  rainfall.  Snowfall  is  light,
generally less than three feet a year,  being usually snow free from March until
mid November each year.

The following  map shows the location of, and shows  directions to the Bow Mines
property in southern British Colombia.












                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]

                                        2

<PAGE>




                               [GRAPHIC OMITTED]


























                                        3

<PAGE>



Property Title

The Bow Mines property consists of 13 claims over 961 acres. The claims are held
as 3 mineral leases that were formally 6 crown grants, one 4-post mineral claim,
two reverted crown grants and four 2-post mineral claims.

A  mineral  lease is a single  claim or a group of  claims  that are next to one
another.  The  process of turning a claim into a lease  requires a survey of the
perimeter of the claim or claims and advertising an intention to begin mining on
the property. Mineral leases are usually for a 30 year term and are renewable at
the end of any 30 year term.

Crown grants are created when a claim is staked and work  undertaken  to explore
for minerals.  After work has been  undertaken  over a given period of time, the
provincial  government  of British  Columbia will grant title to the property to
the party  responsible for the work.  Taxes are then paid on the property by the
new owner. Once a new owner stops paying taxes on the crown grant, then title to
the property reverts to the government.  The claims are then considered reverted
crown  grants.  Reverted  crown grants are then placed by the  government up for
auction.

2-post  claims  are  claims  that  can be  oriented  in any  direction  and  are
approximately  62 acres in size.  Four post claims can be made in  multiples  of
approximately 62 acres up to approximately 1,235 acres.  However, a 4-post claim
must maintain a rectangular shape.

The claims are  registered  with the British  Columbia  Ministry of Mines in the
name of Karl Schindler.  Bow Mines Limited is currently the beneficial  owner of
the claims  held by Mr.  Schindler.  Should  InvestNet  satisfy the terms of the
option agreement,  we would become the 100% owner of the Bow Mines property. The
claims under option are detailed below:

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

Claim Name                     Tenure Number        Units              Expiration Date
----------                     -------------                           ---------------

May Mac                            214189             12                 05/27/2002
A No. 1                            216570             1                  05/27/2002
A No. 2                            216571             1                  05/27/2002
A No. 3                            216572             1                  05/27/2002
A No. 4                            216573             1                  05/27/2002
Tunnel RCG (L 888)                 216644             1                  05/27/2002
Boundary Falls RCG (L889)          216647             1                  08/16/2002

</TABLE>


Mineral Leases                    Tenure Number       Anniversary Date

ML 423                               216298              08/08/2002
Nonsuch L389
Republic L426
Hidden Treasure L1019
Cosmopolitan L 1680

ML 430                               216301              11/15/2002
Last Chance L644

ML 431                               216302              11/17/2002
Don't Know L 2374

                                       4

<PAGE>

The mineral  leases are 30 year leases with  annual  payments  necessary  on the
anniversary date listed. The leases come up for renewal in 2023.

Bow Mines Property History

The majority of the previous work done by other exploration companies on the Bow
Mines property has been directed at two parallel southeast striking  gold-silver
vein systems,  the Upper and Lower Skomac veins. Total mineralized material from
the Bow Mines property from discovery to present is reported by prior  operating
companies at 3,931 tons averaging 0.15oz/t gold,  6.9oz/t silver,  1.6% lead and
1% zinc1.

The Skomac veins,  which are hosted in a thinly bedded  carbonaceous  argillite,
are emplaced along shear zones on close spaced  en-echelon  fractures,  striking
about  310-320  degrees,  and dipping from 40-60 degrees to the  northeast.  The
shear zones  average  about 10 to 13 feet in width,  within  which white  quartz
veins  occur.  The veins  varying  from 18  inches to 10 feet in width,  with an
average width of about 3 feet. Mineralization in the veins consists of wisps and
lenses of pyrite and galena,  with  associated  gold and silver  mineralization.
Lesser sphalerite, chalcopyrite, tetrahedrite and native silver also occur.

A considerable  amount of underground  exploration  was done on the Upper Skomac
vein by other  companies  in the  1970's and  1980's.  The Upper vein is exposed
underground  over a strike  length  of about  700 feet  with an  average  dip of
approximately  50 degrees  northeast.  Four known ore  shoots  occur  within the
exposed  strike  length.  The shoots range from 50 to 115 feet in strike lengths
and consist of thickened  mineralized  quartz lenses that may reach widths of 20
feet.  Drilling has also shown the presence of a mineralized quartz vein of good
grade and width, situated below Level 6, which when projected to Level 7 appears
to lie about 100 feet north of the Level 7 drift.

InvestNet  has little  information  regarding the Lower Skomac Vein as there has
been no modern  exploration of this  prospect.  The historic  records,  namely a
Minister  of Mines  Annual  Report  from 1904,  document a small  38-ton body of
mineralized  material that graded  9.3oz/t gold from these  workings and samples
analyzed  from this area in the  1970's  indicated  grades of 1oz/t gold for the
first 30 feet of the Lower Skomac tunnel1.

Two additional  veins,  known as the Boundary Falls area veins,  are detailed to
occur in the southern  portion of the Bow Mines  property,  although very little
exploration of these veins or the  surrounding  area has been done.  Gold grades
and  gold/silver  ratios of 0.42oz/t  gold and  0.93oz/t  silver1 are  generally
higher in  samples  from the  Boundary  Falls  area veins than in those from the
Skomac veins.

A significant gold soil anomaly was discovered about 1,500 feet southeast of the
Lower  Skomac  vein.  The anomaly is poorly  defined by the very  coarse  sample
spacing  but appears to be in a northeast  trend,  exceeding  650 feet in strike
length with a maximum  value of 0.230 parts per million  gold.  No follow up was
ever done in this area.  Several other  geochemical  and  geophysical  anomalies
exist on the Bow Mines property that will require exploration1.




         1Production figures and sample results provided by Linda Caron, P.Eng.

                                        5

<PAGE>



Exploration Program

InvestNet  has  embarked on a three phase  exploration  program in an attempt to
determine the economic  feasibility of developing the Bow Mines property for the
extraction  of  precious  metals.  We must  explore  the Bow Mines  property  to
determine the presence of minerals,  if any, that exist on our property.  Should
our exploration  efforts determine the presence of precious metals, we must then
determine  whether  these metals exist in  sufficient  quantity to  economically
justify future extraction and processing. We make no claim at this time that any
precious metals exist on the Bow Mines property although our exploration program
does include new work on previous  excavations  on the  property.  The following
information sets forth the order in which we are conducting our exploration.

The first phase of our program consists of surface  exploration,  which includes
geological mapping,  geochemical sampling and geophysics.  The second phase will
consist of  conducting  a  multi-element  soil  sample  survey  and  underground
exploration  of the Upper  Skomac  vein.  The Upper Skomac vein is located in an
already  existing  excavation on the Bow Mines property.  The third phase of the
exploration  program will be  determined by the results of phases 1 and 2 of the
program. Based on the assumption that the initial phases indicate that we should
continue  our  exploration  activities,  we expect  that the third  phase of our
program  will  include  further  target area  definition,  plus drill and trench
follow up to targets identified during the first and second phases.

Phase 1 - Surface Exploration                 Total Estimated Budget $60,000

Stake Additional Claim                        Estimated Budget $9,625

Stake two 2-post claims to cover a possible  fraction between the A No. 3 claim,
A No. 4 claim and the Mac May  claim.  A fraction  is a piece of open  unclaimed
ground between 2 or more mineral  claims.  The procedure to eliminate a fraction
is simply to stake a claim over the open  ground.  The  mechanics of staking the
claim will require a geologist to visit the property,  stake the open ground and
file the necessary documentation with the Ministry of Mines.

Grid Map                                             Estimated Budget $9,625

We intend to establish a detailed flag and picket grid over the entire property.
A base line will be run south of the prior  excavation  and mill site located on
the property. Lines oriented at 45 degrees will then be run off the base line at
160  feet  spaced   intervals   with  stations   established   along  the  lines
approximately every 60 feet. We will require approximately 50 line miles of grid
to cover the claims. We do expect to encounter  difficulty in laying some of the
grid  lines due to the  steep  terrain  in the area  north and west of the prior
excavation site.

Geological Mapping and Rock Chip Sampling            Estimated Budget $21,650

We will then initiate  geological mapping and rock chip sampling over the entire
property that will include the collection of at least 75 rock chip samples.





                                        6

<PAGE>



Ground Magnetometer and VLF-EM Survey                Estimated Budget $14,150

Once the ground work is completed  we will  complete a ground  magnetometer  and
VLF-EM survey over the entire grid. The ground  magnetometer  survey is designed
to measure the local  variations in the earth's  magnetic field since  different
rocks have  different  degrees of  magnetism.  A VLF-EM  survey is  designed  to
measure the  conductivity of rocks by measuring the  distribution of radio waves
applied  to  the  rocks.  Different  styles  of  mineralization  have  different
conductivities.  The strength of the conductivity  gives the geologist a clue as
to what kind of  mineralization  exists in any particular  area. A VLF-EM survey
will also give us a measure of what direction the  mineralized  body takes,  the
length of the body and any offsets due to faults within the mineralization.

Re-Examination and Re-Sampling              Estimated Budget $4,950

We intend to  re-examine  and  re-sample  areas on the property that have in the
past  shown  the  potential  for  mineralization  as  detailed  in the Bow Mines
Property  Summary  Report  prepared for us by Linda Caron P.Eng.,  including the
mineralized  footwall in the Lower Skomac vein. The Lower Skomac vein is located
in an already existing  excavation on the Bow Mines property.  We also intend to
re-examine and re-sample available drill core and underground  exposures to test
for other areas of potentially  mineralized  wall rock associated with the Lower
Skomac vein.

We  expect  the  surface  exploration  activities  in  the  first  phase  of our
exploration  program to take from 4 to 5 months. We commenced the first phase of
our program towards the end of September 2001. Due to weather  conditions on the
property,  we expect to complete this first phase of  explorations by June 2002.
We anticipate  hiring a geologist,  two geological  assistants and a geophysical
techncian  working with a  geophysical  consultant  to perform and interpret the
ground magnetometer and VLF-EM survey.

Phase 2

The second phase of our exploration program will consist of surface exploration,
specifically soil sampling of certain portions of the grid, as identified by the
mapping program and underground exploration of the Upper Skomac vein.

Surface Exploration                         Total Estimated Budget $60,000

Multi-Element Soil Sample Survey

We will undertake a  multi-element  soil sample over the entire grid,  except in
those areas of very thick cover or on large rock outcrops with no soil cover, as
defined by the mapping program.  We expect to recover  approximately  2,000 soil
samples that will be submitted for analysis to determine the  concentration,  if
any, of precious metals.

We  expect  the  surface  exploration  activities  in the  second  phase  of our
exploration  program to take from 3 to 4 months.  Due to the  delays  associated
with snow cover on the property between November and March we expect to commence
the second phase of our program  towards the end of June 2002 for  completion by
the end of September  2002. We anticipate  hiring a geologist and two geological
assistants to conduct the survey.

Underground Exploration                     Total Estimated Budget $300,000

The  second  phase  of our  exploration  plan  also  requires  that  we  explore
underground the Upper Skomac vein to determine whether gold-silver veins already
identified by prior work on the property as detailed in the Bow Mines Property

                                        7

<PAGE>



Summary Report prepared for us by Linda Caron P.Eng.,  can be extended to reveal
economically feasible deposits of precious metals. We expect to begin this phase
of our  exploration  program in May of 2002 at the same time as  conducting  the
second phase of our surface exploration.

The proposed  program involves a total of 420 feet of "drifting" and 260 feet of
"raising" with  accompanying  detailed mapping and sampling of the vein and wall
rock  of the  Upper  Skomac  Vein on  Level  7.  "Drifting"  is the  process  of
constructing a horizontal  tunnel to take samples of ore for testing.  "Raising"
is a similar  process except that the tunnel is a vertical  shaft.  The northern
branch of the Level 7 drift  would be  extended  for 160 feet to  intersect  the
projected  mineralized  vein.  A raise  would then be driven on the vein for 260
feet to break through to Level 6. Drifting  along the vein on Level 7 would also
be extended for 260 feet further to the west.

We expect the  underground  exploration  activities  in the second  phase of our
exploration  program  to take from 4 to 5 months,  with  completion  slated  for
December  2002. We anticipate  hiring a project  manager,  a geologist,  a mine
mechanic, an office manager, two shift bosses, two miners and two mine helpers.

Phase 3                                    Total Estimated Budget $200,000

The third phase of our  exploration  program will be implemented to follow up on
targets  defined by phases 1 and 2. Phase 3 will be contingent on the results of
phases 1 and 2. Phase 3 is expected to include follow up geophysics, possibly SP
or Pulse EM surveys,  plus surface  diamond  drilling and  trenching of veins or
other targets. Trenching is a method of identifying the continuity and extent of
any identified mineralization.  We do not expect to begin the third phase of our
exploration program until March of 2003.

Market

Precious metals have two main categories of use, product fabrication and bullion
investment.  Fabricated  precious  metals  have a  wide  variety  of  end  uses,
including  industrial  and  technology  uses.  Purchasers of official  coins and
high-karat jewelry,  frequently are motivated by investment  considerations,  so
that net private bullion purchases alone do not necessarily  represent the total
investment activity in precious metals.

The market prices of precious  metals can  fluctuate  widely and are affected by
numerous factors beyond InvestNet's  control,  including  industrial and jewelry
demand,  expectations with respect to the rate of inflation, the strength of the
U.S. dollar and other currencies,  interest rates,  central bank sales,  forward
sales by  producers,  global or  regional  political  or  economic  events,  and
production  and cost levels in major mineral  producing  regions.  Further,  the
prices of precious  metals  sometimes  are  subject to rapid short term  changes
because of the  speculative  activities.  The  current  demand for and supply of
precious metals affect  precious metals prices,  but not necessarily in the same
manner as current supply and demand affect the prices of other commodities.  The
supply of precious  metals  consists of a combination of new mine production and
existing  stocks of bullion and fabricated  precious metals held by governments,
public and  private  individuals.  As the  amounts  produced  in any single year
constitute  a very  small  portion  of the total  potential  supply of  precious
metals,  normal  variations  in current  production  do not  necessarily  have a
significant  impact on the supply of  precious  metals or on their  prices.  The
result being that markets for precious  metals  generally are  characterized  by
volatile prices.



                                        8

<PAGE>



Competition

The  mining  industry  is  fragmented  and very  competitive.  A high  degree of
competition  exists to obtain  favorable  mining  properties and suitable mining
prospects  for  drilling,  exploration  and mining  operations.  InvestNet  will
encounter significant competition from companies presently engaged in the mining
industry. Generally, all of these competitive companies are substantially larger
than InvestNet and have substantially greater resources and operating histories.
For example,  major gold mining  competitors  include  publicly traded companies
such as  Barrick  Gold  Corporation  with a  current  market  capitalization  of
approximately   $5   billion,   and  Newmont   Mining  with  a  current   market
capitalization  of approximately $2 billion,  as well as Anglogold Ltd.,  Placer
Dome,  Freeport-McMoran,  Gold Fields Ltd., Homestake Mining, Pioneer Group, and
Stillwater  Mining,   all  of  which  have  public  market   capitalizations  of
approximately  $1 billion or more.  Accordingly,  there can be no assurance that
InvestNet will be successful in competing  with existing and emerging  companies
in the mining industry.

Our  competitive  position  in this  market  is that of a new,  extremely  small
newcomer.  Our plan to compete in this industry is based on our exclusive option
to explore and remove gold from our  property,  which  prevents our  competitors
from exploring or removing gold from it. Readily available gold markets exist in
Canada and around the world where we will be able to sell any gold we recover.

Government Regulation and Environmental Concerns

InvestNet's   exploration  operations  are  subject  to  substantial  government
regulation, including federal, provincial and local laws concerning mine safety,
land use and environmental protection.  These laws cover such subjects as public
safety, use of explosives,  air quality, water pollution,  noxious odors, noise,
dust,  solid waste,  hazardous  waste,  and wildlife  protection  at or near the
excavation site.

The Canadian  Mineral Tenure Act sets forth rules for locating  claims,  posting
claims,  working  claims and reporting  upon work  performed.  InvestNet is also
subject to the British Columbia Mineral Exploration Code that determines how and
where companies  involved in mining  activities can explore for precious metals.
Environmental  concerns are protected  under the Health,  Safety and Reclamation
Code for Mines in British Columbia. The most significant provisions of this Code
deal with employee health and safety, mineral land reclamation,  preservation of
archaeological  sites,  access to  exploration  areas and waste  discharge  from
mines, mills and further processing operations.

InvestNet  is  required  to  mitigate   long  term   environmental   impacts  by
stabilizing,  contouring,  reshaping and revegetating various portions of a site
once exploration, mining and processing are completed.  Reclamation efforts will
be conducted in accordance  with detailed plans that will have been reviewed and
approved by the appropriate regulatory agencies. InvestNet plans to reclaim land
concurrently with mining.  InvestNet believes that reclamation expenses will not
be material,  although there can be no certainty in this regard. Compliance with
the foregoing laws and regulations  increases the costs of planning,  designing,
drilling, developing,  constructing, operating and closing mining operations. It
is possible that the costs and delays  associated with compliance with such laws
and  regulations  could  become such that  InvestNet  would not proceed with the
advancement of a project or decide to operate a mine.

Although InvestNet believes that its exploration  activities are being conducted
in  compliance  with all  present  health,  safety and  environmental  rules and
regulations,  there is always some  uncertainty  associated with such due to the
complexity and application of such rules and regulations. InvestNet does not

                                        9

<PAGE>



anticipate that compliance with existing environmental laws and regulations will
have a material  impact on its prospective  earnings in the foreseeable  future,
however   possible  future  health,   safety  and   environmental   legislation,
regulations and actions could cause additional  expense,  capital  expenditures,
restrictions  and delays in  InvestNet's  activities to an extent that cannot be
predicted.

Employees

InvestNet  is an  exploration  stage  company and  currently  has no  employees.
InvestNet  is  currently  managed by Ruairidh  Campbell,  its sole officer and a
director.  InvestNet  looks to Mr. Campbell for his  entrepreneurial  skills and
talents. Management uses consultants, attorneys and accountants as necessary and
does not plan to engage any  full-time  employees in the near future.  InvestNet
hires field  geologists  to implement  the initial  exploration  on a consulting
basis.

ITEM 2.           DESCRIPTION OF PROPERTY

We have an option to explore and, if feasible,  develop a certain  tract of land
located in the vicinity of Greenwood, British Columbia, Canada, known as the Bow
Mines property. The Bow Mines property is a gold-silver vein prospect consisting
of 3 mining leases,  two reverted  crown grants,  four 2-post mineral claims and
one  4-post  mineral  claim.  The  claims  are  registered  in the  name of Karl
Schindler and held by him for Bow Mines Ltd., the beneficial owner.

We currently  maintain  limited  office space in an office  occupied by Ruairidh
Campbell,  for which we have no lease  and are  obligated  to pay no rent.  This
address is 1403 East 900 South,  Salt Lake City, Utah 84105 and the phone number
is (801)  582 9609.  We do not  believe  that we will need to obtain  additional
office space at any time in the  foreseeable  future until our business  plan is
fully implemented.

ITEM 3.           LEGAL PROCEEDINGS

InvestNet is currently not a party to any legal proceedings.

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

No matter was submitted during to fiscal year covered by this report to a vote
of security holders, therefore rendering this item inapplicable.


                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]



                                    10

<PAGE>
                                     PART II

ITEM 5.           MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
                  MATTERS

InvestNet  currently has no public trading market.  A Form  15c-(2)(11) has been
filed  on  InvestNet's  behalf  in an  effort  to  obtain  a quote  on the  NASD
over-the-counter  bulletin  board.  Management  believes  that the creation of a
public trading market for InvestNet's  securities  would enable it to consider a
secondary  offering to raise the  additional  capital  required to complete  our
three phase exploration program.  However,  there is no guarantee that InvestNet
will  obtain a quote  on the NASD  over-the-counter  bulletin  board,  or that a
public  market for its's  securities  will  develop,  or, if such a market  does
develop,  that it will  continue,  even if a quote on the NASD  over-the-counter
bulletin board is obtained.

Record Holders

As of December 31, 2001,  there were  eighty-seven  (87)  shareholders of record
holding a total of 10,500,000  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  stockholders.  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.

Dividends

InvestNet has not declared any dividends since inception and does not anticipate
paying any  dividends  in the  foreseeable  future.  The payment of dividends is
within the  discretion of the board of directors and will depend on  InvestNet's
earnings, capital requirements, financial condition, and other relevant factors.
There are no  restrictions  that  currently  limit  InvestNet's  ability  to pay
dividends on its common stock other than those  generally  imposed by applicable
state law.

Use of Proceeds

On July 11, 2001, the SEC declared  effective the offering of 10,000,000  shares
of  InvestNet's  common stock at an offering price of one cent ($0.01) per share
pursuant to a  Securities  Act  registration  statement  identified  as SEC file
number  333-42970.  The offering was fully  subscribed  and closed on August 15,
2001 on the receipt of gross  proceeds  to  InvestNet  of one  hundred  thousand
dollars ($100,000).

InvestNet has used the proceeds of this offering through the period ended
December 31, 2001 as follows:

Repayment of loan                                    $29,980
Registration expenses                                $9,235
Accounting costs                                     $4,479
Option extension payments                            $10,000
Exploration costs                                    $4,580

The use of  proceeds  detailed  above were made to  entities  unaffiliated  with
Investnet,  except for the payment of $4,580 to Dr. Stewart Jackson,  one of our
directors for exploration costs incurred as a consultant, in accordance with the
use of proceeds section in our registration statement.

                                     11

<PAGE>



ITEM 6.           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operations

InvestNet's  plan of operation  for the coming year, as discussed  above,  is to
proceed  with  an  exploration  program  designed  to  define  the  presence  of
economically recoverable deposits of precious metals on our property.

Liquidity and Capital Resources

As of December 31, 2001 InvestNet's only major assets were cash and the option
to explore for precious etals on the Bow Mines property located in southern

British  Columbia.  Management  believes that  InvestNet  can obtain  sufficient
resources  to meet its  anticipated  needs  through  the  calendar  year  ending
December  31,  2002  through a new  equity  financing,  bank debt  financing  or
shareholder  loans.  InvestNet  does not  expect  to  purchase  any  significant
equipment  over the next  twelve  months  nor does it  expect  to hire full time
employees.

ITEM 7.           FINANCIAL STATEMENTS

InvestNet's audited financial statements for the periods ended December 31, 2001
and 2000 are attached hereto as F-1 through F-11.















                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]








                                       12

<PAGE>






                                 INVESTNET, INC.
                          (A Development Stage Company)
                              Financial Statements
                           December 31, 2001 and 2000






















<PAGE>


                                                                 INVESTNET, INC.
                                                   (A Development Stage Company)

                                                   Index to Financial Statements



                                                                           Page


Independent Auditors' Report                                                F-2


Balance Sheet                                                               F-3


Statement of Operations                                                     F-4


Statement of Stockholders' Equity (Decifit)                                 F-5


Statement of Cash Flows                                                     F-6


Notes to Financial Statements                                               F-7









                                                                             F-1


<PAGE>


                                                                 INVESTNET, INC.
                                                   (A Development Stage Company)

INDEPENDENT AUDITORS' REPORT

To the Stockholders' and
Board of Directors of
Investnet, Inc.

We have audited the accompanying balance sheet of Investnet, Inc. (a development
stage company),  as of December 31, 2001 and 2000 and the related  statements of
operations and stockholders' equity (deficit), and cash flows for the year ended
December  31,  2001 and the period from March 16,  2000 (date of  inception)  to
December 31, 2001 and 2000. 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 generally accepted auditing standards
of the  United  States of  America.  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  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Investnet,  Inc. (a development
stage  company),  as of  December  31,  2001  and 2000  and the  results  of its
operations  and its cash flows for the year then ended December 31, 2001 and the
period from March 16, 2000 (date of inception) to December 31, 2001 and 2000, in
conformity with generally accepted accounting principles of the United States of
America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial  statements,  the Company's revenue  generating  activities are not in
place and the Company has incurred losses.  These  conditions raise  substantial
doubt  about its  ability to continue  as a going  concern.  Management's  plans
regarding  those matters also are described in Note 2. The financial  statements
do not  include  any  adjustments  that might  result  from the  outcome of this
uncertainty.

TANNER + CO.
Salt Lake City, Utah
March 4, 2002




                                                                             F-2


<PAGE>


INVESTNET, INC.
(A Development Stage Company)

                                  Balance Sheet
                                  December 31,

<TABLE>
<CAPTION>

              Assets                                            2001          2000
              ------
                                                              ---------     --------
<S>                                                          <C>           <C>



Current assets - cash                                         $  41,481     $  1,904
Other assets - option agreement                                  40,000       30,000
                                                              ---------     --------

                                                              $  81,481     $ 31,904
                                                              ---------     --------

              Liabilities and Stockholders' Equity

Accounts payable                                              $   1,167     $  7,458
Related party note payable                                            -       29,980
                                                              ---------     --------
                                                                  1,167       37,438
                                                              ---------     --------

Commitments and contingencies                                         -            -

Stockholders' equity (deficit):
     Preferred stock, $.001 par value, 5,000,000 shares               -            -
       authorized, no shares issued or outstanding
     Common stock, $.001 par value, 45,000,000 shares            10,500          500
       authorized, 10,500,000 shares and 500,000 shares
       issued and outstanding, respectively
     Additional paid-in capital                                  94,500        4,500
     Deficit accumulated during development stage              (24,686)     (10,534)
                                                              ---------     --------

                  Total stockholders' equity (deficit)           80,314      (5,534)
                                                              ---------     --------

                                                              $  81,481     $ 31,904
                                                              ---------     --------
</TABLE>






                 See accompanying notes to financial statements.
                                                                             F-3


<PAGE>


INVESTNET, INC.
(A Development Stage Company)

                             Statement of Operations


<TABLE>
<CAPTION>


                                                             March 16, 2000     March 16, 2000
                                               Year Ended  (Date of Inception) (Date of Inception)
                                               December 31, to December 31,     to December 31,
                                                  2001          2000              2001
                                               ----------    -----------      ------------
<S>                                           <C>           <C>              <C>

Revenues                                       $        -    $         -      $          -


General and administrative costs                   14,152         10,534            24,686
                                               -----------   -----------      ------------

                  Loss before income taxes       (14,152)       (10,534)          (24,686)

Provision for income taxes                              -             -                  -
                                               ----------    -----------      ------------

                  Net loss                     $ (14,152)    $  (10,534)      $   (24,686)

                                               ----------    -----------      ------------

Loss per common share - basic and diluted      $        -    $     (.02)

                                               ----------    -----------

Weighted average common shares - basic and
diluted                                         4,281,000       500,000
                                               ----------    -----------

</TABLE>




See accompanying notes to financial statements.                              F-4


<PAGE>


INVESTNET, INC.
(A Development Stage Company)

                                     Statement of Stockholders' Equity (Deficit)

                         March 16, 2000 (Date of Inception) to December 31, 2001


<TABLE>
<CAPTION>

                                                  Preferred Stock     Common Stock     Additional  Deficit
                                                                                        Paid-in   Accumulated
                                                                                                  During the
                                                                                                  Development
                                                   Shares Amount   Shares      Amount   Capital     Stage         Total
                                                     ---   ----  ----------   -------  --------   ---------     -----------
<S>                                               <C>     <C>   <C>          <C>      <C>        <C>           <C>

Balance at March 16, 2000 (date of inception)          -   $  -           -   $     -  $      -   $       -     $         -

Issuance of common stock for
  cash at $.01 per share                               -      -     500,000       500     4,500           -           5,000

Net loss                                               -      -           -         -         -    (10,534)        (10,534)
                                                     ---   ----    --------   -------  --------   ---------      ----------

Balance at December 31, 2000                           -      -     500,000       500     4,500    (10,534)         (5,534)

Issuance of common stock for cash at $.01 per share    -      -  10,000,000    10,000    90,000           -         100,000

Net loss                                               -      -           -         -         -    (14,152)        (14,152)
                                                     ---    ---  ----------   -------  --------   ---------     -----------

Balance at December 31, 2001                           -   $  -  10,500,000  $ 10,500  $ 94,500   $  24,686     $    80,314
                                                     ---   ----  ----------   -------  --------   ---------     -----------

</TABLE>






See accompanying notes to financial statements.                              F-5


<PAGE>


INVESTNET, INC.
(A Development Stage Company)

                                                         Statement of Cash Flows

                               March 16, 2000 (Date of Inception) to December 31
<TABLE>
<CAPTION>

                                                                 March 16, 2000      March 16, 2000
                                               Year Ended     (Date of Inception)       (Date of
                                               December 31,      to December 31,      Inception) to
                                                  2001                2000            December 31,
                                                                                          2001
                                              -----------      ----------------     ----------------
<S>                                          <C>              <C>                  <C>

Cash flows from operating activities:
     Net loss                                 $  (14,152)      $       (10,534)     $       (24,686)

     Increase in accounts payable                 (6,291)                 7,458                1,167
                                              -----------      ----------------     ----------------

                  Net cash used in                                      (3,076)             (23,519)
                  operating activities           (20,443)
                                              -----------      ----------------     ----------------

Cash flows from investing activities-
     Increase in deposits on mineral property    (10,000)              (30,000)             (40,000)
                                              -----------      ----------------     ----------------

Cash flows from financing activities-
     Issuance of common stock                     100,000                 5,000              105,000
     Payments to proceeds from related party                             29,980                    -
       payable                                   (29,980)
                                              -----------      ----------------     ----------------

                  Net cash provided by                                                       105,000
                  financing activities             70,020                34,980
                                              -----------      ----------------     ----------------

Net increase in cash                               39,577                 1,904               41,481

Cash, beginning of period                           1,904                     -                    -
                                              -----------      ----------------     ----------------

Cash, end of period                           $    41,481                 1,904     $         41,481

                                              -----------      ----------------     ----------------


</TABLE>



See accompanying notes to financial statements.                             F-6

<PAGE>


INVESTNET, INC.
(A Development Stage Company)

Notes to Financial Statements

                                                      December 31, 2001 and 2000


 1.   Organization  Organization
      and           The  Company  was  organized  under the laws of the State of
      Summary of    Nevada on March 16,  2000 (date of  inception).  The Company
      Significant   has commenced  exploration  activity,  but has not generated
      Accounting    any revenues from  operations  to date. In this regard,  the
      Policies      Company is considered a development stage company as defined
                    in SFAS No. 7 and has not, thus far,  generated any revenues
                    from  operations.  The Company has, at the present time, not
                    paid any dividends and any dividends that may be paid in the
                    future will depend upon the  financial  requirements  of the
                    Company and other relevant factors.


                    Cash and Cash Equivalents
                    For  purposes of the  statement  of cash flows,  the Company
                    considers all highly liquid  investments  with a maturity of
                    three months or less to be cash equivalents.

                    Option Agreement
                    The option  agreement  will be accounted for as a deposit in
                    the  mining  property  as  payments  are  made  and  will be
                    evaluated periodically for recoverability.

                    Income Taxes
                    Deferred income taxes are provided in amounts  sufficient to
                    give effect to temporary  differences  between financial and
                    tax  reporting,  principally  related to net operating  loss
                    carryforwards.

                    Earnings Per Share
                    The  computation  of basic earning per common share is based
                    on the weighted average number of shares  outstanding during
                    each period.

                    The  computation  of diluted  earnings  per common  share is
                    based on the weighted  average number of shares  outstanding
                    during the period plus the common  stock  equivalents  which
                    would arise from the exercise of stock  options and warrants
                    outstanding  using the treasury stock method and the average
                    market  price per share  during the period.  The Company has
                    not issued any stock options or warrants since inception.







See accompanying notes to financial statements.                              F-7


<PAGE>


INVESTNET, INC.
(A Development Stage Company)
                                                   Notes to Financial Statements
                                                                       Continued




1.   Organization   Concentration of Credit Risk
     and Summary    The  Company  maintains  its cash in bank  deposit  accounts
     of Significant which, at times,  may exceed federally  insured limits.  The
     Accounting     Company has not  experienced any losses in such accounts and
     Policies       believes it is not exposed to any significant credit risk on
     Continued      cash and cash equivalents.

                    Use of Estimates in the Preparation of Financial Statements
                    The  preparation of financial  statements in conformity with
                    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.



2.   Going          As of December 31, 2001,  the Company's  revenue  generating
     Concern        activities are not in place,  and the Company has incurred a
                    loss for the period  then ended.  To maintain  the option to
                    purchase the  interest in the mineral  property as discussed
                    in note 3, the Company is also required to make  substantial
                    cash  payments  in 2002 for  both  exploration  and  options
                    payments.  These factors raise  substantial  doubt about the
                    Company's ability to continue as a going concern.

                    Management  intends to seek  additional  funding through the
                    sale of equity securities,  debt financing, or related party
                    advances.  There can be no assurance that such funds will be
                    available  to  the   Company,   or  available  on  terms  of
                    acceptable to the Company.  If the Company is not successful
                    in  obtaining  such equity  financing,  it will be unable to
                    continue   exploration   and  development  of  the  property
                    discussed in note 3.







                                                                             F-8


<PAGE>


INVESTNET, INC.
(A Development Stage Company)
                                                   Notes to Financial Statements
                                                                       Continued




3.   Option         The  Company has entered  into an option  agreement  with an
     Agreement      unrelated party which grants the Company  exclusive right to
                    acquire a 100% interest in mining property, subject to a net
                    smelter  royalty of 4% in  consideration  of certain  option
                    payments and  expenditures to be satisfied over the next six
                    years. The option agreement may be terminated within 30 days
                    notice.   The  Company  has  satisfied  the  initial  option
                    payments  of $40,000  and must make five  successive  option
                    payments by certain  dates in order to complete the purchase
                    of the mineral property. In addition, the Company must incur
                    a determined  amount of exploration  expenses to acquire the
                    interest  in the  property.  As of  December  31,  2001  the
                    Company   has   not   made   any   significant   exploration
                    expenditures.   The  successive   option  payments  and  the
                    determined   amount  of   exploration   expenses   with  the
                    respective due dates are as follows:

                      Option Payment                          Amount
                      Due Date
                           June 14, 2002                      $60,000
                           June 14, 2003                      $100,000
                           June 14, 2004                      $100,000
                           June 14, 2005                      $100,000
                           June 14, 2006                      $100,000


                       Exploration Expenditure                 Amount
                       Due Date
                            July 1, 2002                       $250,000
                            July 1, 2004                       $500,000
                            July 1, 2006                       $1,000,000






                                                                             F-9


<PAGE>


INVESTNET, INC.
(A Development Stage Company)
                                                   Notes to Financial Statements
                                                                       Continued



4.   Related        As of December 31, 2000, the Company had a note payable to a
     Party Note     shareholder of $29,980. The note was unsecured, non-interest
     Payable        bearing, and was paid in fill on August 29, 2001


5.   Income         The difference  between income taxes at statutory  rates and
      Taxes         the amount presented in the financial statements is a result
                    of an  increase  in the  valuation  allowance  of $3,000 and
                    $2,000 to offset the deferred  tax asset  related to the net
                    operating  loss  carryforward.  As of December  31, 2001 and
                    2000  the   valuation   allowance   is  $5,000  and  $2,000,
                    respectively.
                    The  Company  has  net  operating  loss   carryforwards   of
                    approximately  $25,000,  which  begin to  expire in the year
                    2020. The amount of net operating loss carryforward that can
                    be used in any one  year  will  be  limited  by  significant
                    changes  in  the   ownership  of  the  Company  and  by  the
                    applicable  tax laws  which  are in  effect at the time such
                    carryforwards can be utilized.



6.   Supplemental   No amounts were paid for interest or income taxes from March
     Cash Flow      16, 2000 (date of inception) through December 31, 2001.
     Information


7.   Preferred      The  Company  has  authorized  up  to  5,000,000  shares  of
     Stock          preferred  stock  with a par value of $.001 per  share.  The
                    preferred stock can be issued in various series with varying
                    dividend rates and preferences.


8.   Recent         In July 2001, SFAS No. 141, "Business Combinations" and SFAS
     Accounting     No. 142, "Goodwill and Other Intangible Assets" were issued.
     Pronounce-     SFAS 142 addresses  financial  accounting  and reporting for
     ments          acquired goodwill and other intangible  assets. It requires,
                    among  other  things,  that  companies  no longer  amortized
                    goodwill,  but instead test goodwill for impairment at least
                    annually.  SFAS 142 is  required  to be  applied  for fiscal
                    years  beginning  after  December 15, 2001.  Currently,  the
                    Company  has no  recorded  goodwill  and will assess how the
                    adoption of SFAS 141 and SFAS 142 will impact its  financial
                    position   and   results   of   operations   in  any  future
                    acquisitions.






                                                                            F-10

<PAGE>



8.   Recent
     Accounting
     Pronounce-
     Ments
     Continued
                    The FASB recently  issued FASB  Statement No. 143 Accounting
                    for Asset Retirement  Obligations.  This Statement addresses
                    financial   accounting   and   reporting   for   obligations
                    associated with the retirement of tangible long-lived assets
                    and the associated  asset retirement  costs.  This Statement
                    applies to all  entities.  It  applied to legal  obligations
                    associated  with the  retirement of  long-lived  assets that
                    result from the acquisition,  construction,  development and
                    (or) the normal operation of a long0lived asset,  except for
                    certain  obligations of leases.  This Statement  amends SFAS
                    19. The effective  date for this Statement is June 15, 2002.
                    The  Company  will  assess how the  adoptions  SFAS 143 will
                    impact its financial position and future operations.


                    The FASB recently issued FASB Statement No. 144,  Accounting
                    for the Impairment of Disposal of Long-Lived Assets. The new
                    guidance resolves significant  implementation issues related
                    to FASB Statement No. 121,  Accounting for the Impairment of
                    Long-Lived  Assets and for Long- Lived Assets to be Disposed
                    of.  Statement 144 is effective  for fiscal years  beginning
                    after  December 15, 2001.  Management has not determined the
                    potential  impact  on  financial   position  or  results  of
                    operations.



9.   Fair Value of  The  Company's   financial   instruments  consist  of  cash,
     Financial      payables,  and notes  payable.  The carrying  amount of such
     Instruments    financial instruments approximates fair value because of the
                    short-term nature of these items.














                                                                            F-11

<PAGE>



ITEM 8.           CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

There have been no changes in or disagreements with our independent accountants,
Tanner + Co.

                                    PART III

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

The following  table sets forth the name,  age and position of each director and
executive officer of InvestNet:

Name                       Age         Position

Ruairidh Campbell          39          President, Secretary, Treasurer, Director
Dr. Stewart Jackson        61          Director

Ruairidh Campbell

On March 16,  2000,  Mr.  Campbell  was  elected as an officer  and  director of
InvestNet.  He estimates  that he spends  approximately  10 percent of his time,
approximately 5 hours per week, on InvestNet's business. He also has significant
responsibilities  with other companies,  as detailed in the following paragraph.
He will serve until the first annual meeting of InvestNet's shareholders and his
successor is elected and  qualified.  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,  absent any  employment
agreement.

Mr. Campbell graduated from the University of Texas at Austin with a Bachelor of
Arts in History and then from the University of Utah College of Law with a Juris
Doctorate with an emphasis in corporate law, including  securities and taxation.
Over the past five years he has been an officer and  director of several  public
companies:  EnterNet,  Inc.,  a wholesale  distributor  of vitamins  through the
Internet from 2000 to 2001,  Allied  Resources Inc.  (formally Allied Oil & Gas,
Inc.,  a Canadian  based oil and gas  development  company from 1998 to present,
NovaMed,  Inc., a  manufacturer  of medical  devices  from 1995 to present,  and
Canadian Metals Exploration Ltd.,  formally known as Bren-Mar Minerals,  Ltd., a
Canadian mineral resource development company from 1995 to 2001. Mr. Campbell is
also the  president  and the sole  director of Aswan  Investments,  Inc.,  Cairo
Acquisitions, Inc. and Alexandria Holdings, Inc., three shell companies that are
fully reporting under the Exchange Act of 1934.







                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]





                                       13

<PAGE>



Dr. Stewart Jackson

On June 9, 2000, Dr.  Jackson was appointed as a director of InvestNet.  He will
serve  until  the first  annual  meeting  of  InvestNet's  shareholders  and his
successor is elected and qualified.

Dr. Jackson  graduated from the University of Western Ontario with a Bachelor of
Science in Geology,  obtained a Master of Science  degree from the University of
Toronto in Stratigraphy  and Mineral Deposits and earned a Ph.D. in Stratigraphy
and Economic  Geology from the  University of Alberta.  Dr. Jackson has 34 years
experience in the mineral  industry.  He is actively involved in the exploration
and  development  of both base and  precious  metal  deposits in a wide range of
environments for both large and small companies. Over the past five years he has
been a director  of  several  public  companies  involved  in  mineral  industry
including:  Monument  Resources,  Inc., Starfire  Resources,  Inc.,  Continental
Precious   Minerals,   Ltd.,   Little   Squaw  Gold  Mining   Company,   Bevedis
International,  Inc.,  Canadian Metals  Exploration  Ltd., and Allied Resources,
Inc. Dr.  Jackson has been engaged as an  independent  consultant  over the last
five years to various small exploration and development companies.

ITEM 10.  EXECUTIVE COMPENSATION

No cash  compensation  was paid to any of the  InvestNet's  executive  officers,
during the fiscal year ended  December 31, 2001.  InvestNet  has no agreement or
understanding,  express or implied,  with any  officer,  director,  or principal
stockholder,  or their affiliates or associates,  regarding  employment with the
Company or  compensation  for  services.  InvestNet has no plan,  agreement,  or
understanding,  express or implied,  with any  officer,  director,  or principal
stockholder,  or their affiliates or associates,  regarding the issuance to such
persons of any shares of the Company's  authorized and unissued common stock. No
advances  have been made or  contemplated  by InvestNet to any of its  officers,
directors, or principal stockholders, or any of their affiliates or associates.

There is no policy that prevents management from adopting a plan or agreement in
the future that would provide for cash or stock based  compensation for services
rendered to InvestNet.

SUMMARY COMPENSATION TABLE
<TABLE>
<CAPTION>

                                      Annual Compensation           Long Term Compensation
                                                                 Awards           Payouts
                                                                     Securities
                                                         Restricted  Underlying
                                            Other Annual   Stock      Options       LTIP      All Other
     Name and               Salary  Bonus  Compensation   Award(s)     SARs       payouts   Compensation
<S>                  <C>    <C>     <C>       <C>          <C>         <C>         <C>          <C>

Principal Position    Year    ($)    ($)       ($)          ($)         (#)         ($)          ($)
Ruairidh Campbell,    2000   0.00     -         -            -           -           -            -
President, Secretary, 2001   0.00     -         -            -           -           -            -
Treasurer, Director


</TABLE>



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                                       14

<PAGE>

As of December  31, 2001,  no officer or director of InvestNet  has received any
form of compensation for services rendered on our behalf,  except the payment of
$4,581 to Dr. Stewart Jackson, one of our directors,  for exploration  conducted
on our  property  in his  capacity  as a  consultant,  neither  has any  form of
compensation  accrued to any officer or  director  for such  services.  Although
there is no current plan in existence,  it is possible that we will adopt a plan
to pay or accrue compensation to our officers and directors for services related
to the implementation of our business plan. We have no stock option, retirement,
incentive,  defined benefit,  actuarial,  pension or profit-sharing programs for
the  benefit  of  directors,  officers  or  other  employees,  but the  board of
directors may recommend  adoption of one or more such programs in the future. We
have no  employment  contract  or  compensatory  plan or  arrangement  with  any
executive officer of InvestNet.  Our directors currently do not receive any cash
compensation  for their  service as members of the board of directors  and there
are no plans  to  compensate  our  directors  for  their  services.  There is no
compensation committee, and no compensation policies have been adopted.

ITEM 11.      SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
              MANAGEMENT

The following table sets forth, as of December 31, 2001, InvestNet's outstanding
common  stock  owned of record or  beneficially  by each  executive  officer and
director  and by each person who owned of record,  or was known by  InvestNet to
own beneficially, more than 5% of its common stock, and the shareholdings of all
executive  officers and  directors  as a group.  Each person has sole voting and
investment power with respect to the shares shown.

<TABLE>
<CAPTION>

    Title of Class               Name and Address             Nature of   Amount of   Percent Of
                                                              Ownership   Ownership      Class
<S>                     <C>                                   <C>         <C>           <C>

     common stock          Ruairidh Campbell, president,        legal      250,000       2.4%
                         secretary, treasurer and director
                                3310 Werner Avenue
                                Austin, Texas 77822
     common stock          Dr. Stewart Jackson, director        legal       1,000        0.0%
                                  1183 Ross Road
                              Bard, California 92222
                            All executive officers and                     251,000       2.4%
                               directors as a group
                                 (two individuals)


</TABLE>










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<PAGE>



ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other than as disclosed  below,  no  director,  executive  officer,  nominee for
election  as a director  of  InvestNet,  or an owner of five  percent of more of
InvestNet's  outstanding  shares, or any member of their immediate  family,  has
entered into any related transaction.

InvestNet's promoters,  meaning the people who originally organized the company,
are Wolf  Fiedler and  Ruairidh  Campbell.  Mr.  Fiedler and Mr.  Campbell  have
received from InvestNet the following:

     o 250,000 shares of common stock, each, for which they each paid $2,500
     cash, representing a purchase price of $0.01 per share.
     o a promissory note to Wolf Fiedler in the amount of $30,000, for which Mr.
     Fiedler loaned $30,000 to InvestNet.

These transactions are further detailed in the following paragraphs.

On March 16, 2000,  InvestNet issued 500,000 shares of common stock at $0.01 for
a total of $5,000. 250,000 shares were issued to Wolf Fiedler and 250,000 shares
were issued to Ruairidh Campbell, both of whom were either officers or directors
at the time of issuance.

On June 16, 2000, InvestNet executed a promissory note in the amount of $30,000,
that was amended on June 12,  2001,  to reflect a payment  date of no later than
December 31, 2001 in favor of Wolf Fiedler, a shareholder. This note was paid in
full on August 29, 2001.

ITEM 13.      EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits Exhibits required to be attached by Item 601 of Regulation S-B are
     listed in the Index to Exhibits on page 18 of this Form 10-KSB, and are
     incorporated herein by this reference.

(b)  Reports on Form 8-K. No reports on Form 8-K were filed during the fourth
     quarter of the period covered by this Form 10-KSB.






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<PAGE>



                                   SIGNATURES

In  accordance  with  Section 12 of the  Securities  Exchange  Act of 1934,  the
registrant caused this registration  statement to be signed on its behalf by the
undersigned, thereunto duly authorized, this 26th day of March, 2002.

                               InvestNet, Inc.

                               Name: Ruairidh Campbell


                                /S/ Ruairidh Campbell
                               --------------------------
                               Title: President and Chief Financial Officer





Signature                      Title                              Date


  /S/ Ruairidh Campbell
-----------------------
Ruairidh Campbell              President and Director             March 26, 2002


  /S/ Dr Stewart Jackson
------------------------
Dr Stewart Jackson             Director                           March 26, 2002












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<PAGE>


                                INDEX TO EXHIBITS

Exhib.   Page
No.        No.                  Description

3(i)        *     Articles of Incorporation of InvestNet, Inc.
3(ii)       *     By-laws of InvestNet, Inc.
4(ii)       *     Subscription Agreement between InvestNet and Ruairidh Campbell
                  dated March 16, 2000.
4(iii)      *     Subscription Agreement between InvestNet and Wolf Fiedler
                  dated March 16, 2000.
10(i)       *     Option Agreement between Bow Mines, InvestNet, Inc. and Karl
                  Schindler dated June 14, 2000.
10(ii)      *     Promissory Note between InvestNet and Wolf Fiedler dated June
                  16, 2000.
10(iii)     *     Amendment to Option Agreement between Bow Mines, InvestNet,
                  Inc. and Karl Schindler dated June 11, 2001.
10(iv)      *     Amendment to Promissory Note between InvestNet and Wolf
                  Fiedler dated June 12, 2001.

* Incorporated by reference to Form 10-SB/A-7 filed July 25, 2000.





















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