UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-KSB



[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934
        For the fiscal year ended December 31, 2000
                                        ------------------


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934
        For the transition period from __________________ to _________________
                 Commission file number __________________


                        Commission File Number 000-30856


                          Snake River Properties, Inc.
                          ----------------------------
        (Exact name of small business issuer as specified in its charter)

                       28577 Caminito Pasadero, Suite 420
                           San Diego, California 92128
                                 (619) 992-7192


              Colorado                                    33-0903751
     (State of incorporation)                   (IRS Employer Identification #)


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

Securities registered under Section 12(g) of the Exchange Act:
                                                   Common Stock, no par value
                                                   Preferred Stock, no par value


[ ]  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 registrant was required to file such reports,
     and (2) has been subject to such filing requirements for the past 90 days.

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

     Issuer's revenues for its most recent fiscal year: _____________

     The number of shares  outstanding  of the  Registrant's  common stock as of
     December 31, 2000 was  5,063,000.
     The number of shares outstanding of the Registrant's  preferred stock as of
     December 31, 2000 was zero (0).




    Transitional Small Business Disclosure Format:   [ ]  YES    [X]   NO

<PAGE>




                                Table of Contents

      Description of Business..................................................3
      Description of Property..................................................4
      Legal Proceedings........................................................4
      Submission of Matters to a Vote of Security Holders......................4
      Market for Common Equity and Related Stockholder Matters.................5
      Management's Discussion and Analysis or Plan of Operations...............5
      Financial Statements.....................................................6
      Changes/Disagreements with Accountants on Accounting/Financial
         Disclosure...........................................................17
      Directors, Executive Officers, Promoters and Control Persons............17
      Executive Compensation..................................................17
      Security Ownership of Certain Beneficial Owners and Management..........18
      Certain Relationships and Related Transactions..........................19
      Exhibits and Reports on Form 8-K........................................20
      Index to Exhibits and Reports...........................................20
      Signatures..............................................................21













                                       2
<PAGE>



DESCRIPTION OF BUSINESS

General
-------

Snake River  Properties,  Inc. was incorporated in the State of Colorado on June
6, 1989; is a  development  stage  company,  has no  subsidiaries  or affiliated
entities,  and has had no  significant  operations  or  revenues  to  date.  The
Articles of Incorporation of Snake River Properties,  Inc. authorize  750,000,00
shares of common stock, no par value and 10,000,000  shares of preferred  stock,
no par value.

Snake River Properties, Inc. has 5,063,000 shares of common stock outstanding as
of December 31, 2000; and zero (0) shares of preferred stock outstanding.

Snake River Properties, Inc. has a fiscal year of December 31st.

Description of Business
-----------------------

Snake River  Properties,  Inc.  whose web site is  WWW.SNAKERIVERPROPERTIES.COM,
intends to operate as an equity real estate investment trust which will acquire,
own and operate multi-family  residential and multi-tenant industrial properties
located within the Snake River Territory (California, Arizona, Colorado, Nevada,
Texas or elsewhere in the Southwestern United States).

Geographic Focus

Management  has focused the  business  plan of the  Company on  multifamily  and
multi-tenant light industrial  property  operations in specific geographic areas
within the Snake River  Territory.  Through  careful  analysis of certain  major
metropolitan  areas that are  regionally  centralized  within  the  Southwestern
United States, the Company intends to gain and retain a competitive advantage in
the  acquisition of both  multifamily  residential and  multi-tenant  industrial
properties.  In focusing on specific  geographic  areas, the executive  officers
have reviewed  demographic  information,  regional building costs and rents, and
other relevant  information prior to committing to a specific market. The result
of this  analysis is a narrowing of the initial focus of investment to San Diego
and Riverside  Counties in California,  the City of Phoenix in Arizona,  and the
City of Las Vegas in Nevada.

Acquisitions

In making acquisitions,  Snake River Properties, Inc. intends to seek properties
that are;
     (i)  less than 30 years of age at the time of acquisition,
     (ii) available  at  prices at or below  estimated  replacement  cost  after
          initial renovations and improvements,
     (iii) well-located in their markets,
     (iv) capable of enhanced performance through intensive asset management and
          physical improvements,
     (v)  and/or producing an acceptable  percentage of anticipated total return
          in the form of current income.

Snake River Properties,  Inc. presently  anticipates  acquiring  properties from
governmental  regulatory  authorities,   lending  institutions,   mortgagees  in
possession  and  through  bankruptcy  reorganization  proceedings.  Snake  River
Properties,  Inc.  also  expects to make  acquisitions  directly  from owners of
properties, as well as through the general brokerage community.


                                       3
<PAGE>


Competition

Snake River  Properties,  Inc. intends that all of properties will be located in
developed  areas.  Numerous  other  multifamily   residential  and  multi-tenant
industrial  properties  within the market  area will  compete  with Snake  River
Properties,  Inc.  for tenants  and for  properties.  The number of  competitive
multifamily residential and multi-tenant industrial properties in the area could
have a materially  adverse effect on Snake River  Properties,  Inc.'s ability to
lease the properties and on the amount of rents charged. Snake River Properties,
Inc.  may be  competing  for tenants and  acquisitions  with others who may have
greater  resources or whose officers and directors may have more experience than
that of Snake River Properties, Inc.

Employees

Current  employees  of  Snake  River  Properties,  Inc.  are  its  officers  and
directors.  Snake River  Properties,  Inc.  intends to employ  approximately  20
employees in 2001 and approximately 40 employees in 2002.



DESCRIPTION OF PROPERTY

Snake River Properties, Inc. does not own any physical properties at this time.

Snake River Properties,  Inc.'s corporate  executive office presently is located
at 18577 Caminito Pasadero, Suite 420, San Diego, California 92128.



LEGAL PROCEEDINGS

Snake River Properties, Inc. is not presently involved in any litigation nor, to
the  knowledge  of the  management  of  Snake  River  Properties,  Inc.,  is any
litigation threatened.



SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None during the year ended December 31, 2000.


                                       4
<PAGE>



MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

Currently, there is no public market for Snake River Properties, Inc.'s stock.

Holders

Snake River  Properties,  Inc.  currently has  5,063,000  shares of common stock
outstanding  and no shares of preferred  stock  outstanding.  As of December 31,
2000 there are  forty-seven  (47)  shareholders  comprising  the  holding of the
5,063,000 shares of outstanding  common stock. All outstanding  shares of common
stock are restricted shares under Rule 144. Snake River Properties,  Inc. has no
existing  stock  options or other  plans nor or there any  outstanding  options,
warrants or securities convertible into common stock.

Dividend Policy

Snake River Properties,  Inc. has never paid a dividend on its common stock, nor
is the payment of dividends of its common stock  anticipated in the  foreseeable
future.  Management  anticipates that earnings, if any, will be retained to fund
the  company's  working  capital  needs.  The payment of any dividends is at the
discretion of the Board of Directors.


MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Snake River  Properties,  Inc.'s management is seeking funding from a variety of
sources  including  private  placements  of its stock,  public  offerings of its
stock,  as well as debt  financing.  Additionally,  business  combinations  with
entities with  significant  cash will be  considered.  However,  there can be no
assurance management will be successful in these endeavors.

Snake  River  Properties,  Inc.'s  management  is  conducting  discussions  with
investment  bankers  pertaining  to a  stair  step  financing  plan.  This  will
encompass  initial  capital,  a first and second  level of  private  placements,
bridge financing,  mezzanine  financing and an eventual initial public offering.
However,  there  can be no  assurance  management  will be  successful  in these
endeavors.


                                       5
<PAGE>




                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                          Index to Financial Statements

                                                                    Page
                                                                    ----

Independent auditors' report.........................................F-2

Balance sheet, December 31, 2000.....................................F-3

Statement of operations, April 10, 2000 through
    December 31, 2000................................................F-4

Statement of cash flows, April 10, 2000
    Through December 31, 2000........................................F-5

Statement of Shareholder's Equity
     Through December 31, 2000...................................... F-6

Notes to financial statements........................................F-7

Summary of significant accounting policies...........................F-9


















                                        6
<PAGE>



                          INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Shareholders
Snake River Properties, Inc.

We have audited the balance sheet of Snake River Properties  Inc.(a  development
stage  company)  as  of  December  31,  2000,  and  the  related  statements  of
operations,  shareholders'  equity,  and cash flows, from April 10, 2000 through
December 31, 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 my audit.

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

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Snake River Properties, Inc. as
of December 31, 2000,  and the results of its operations and its cash flows from
April 10, 2000 through December 31, 2000, in conformity with generally  accepted
accounting principles.



                                                     Craig W. Conners, C.P.A.
                                                     San Diego, California
                                                     July 30, 2001















                                      (F-2)
                                        7
<PAGE>



                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)
<TABLE>
<CAPTION>

                                  Balance Sheet
                                December 31, 2000


                                     ASSETS

                                                                                   December 31, 2000        June 30, 2000
                                                                                      (Unaudited)             (Audited)

<S>                                                                                   <C>                    <C>
CASH................................................................................  $    3,683             $  38,633
EQUIPMENT, less accumulated depreciation of $45.....................................         500                   530
                                                                                      -----------            ----------
                                                                                      $    4,183             $  39,163
                                                                                      ===========            ==========

                              SHAREHOLDERS' EQUITY

PREFERRED STOCK,  no par value, 10,000,000 shares authorized;
- 0 shares issued and outstanding...................................................        -                     -

COMMON STOCK, no par value; 750,000,000 shares authorized;
- 5,063,000 shares issued and outstanding (Note C)..................................      94,000                94,000
ACCUMULATED RETAINED DEFICIT ($90,417 accumulated during the development stage).....
                                                                                         (90,417)              (55,437)
ADDITIONAL PAID CAPITAL (Note B)....................................................         600                   600
                                                                                      -----------            ----------
                                                                                      $    4,183             $  39,163
                                                                                      ===========            ==========
</TABLE>











          See accompanying summary of significant accounting policies
                       and Notes to Financial Statements


                                      (F-3)
                                        8
<PAGE>



                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)
<TABLE>
<CAPTION>

                             Statement of Operations


                     June 6, 1989 Through December 31, 2000


                                                           Dec. 31, 2000       Dec. 31, 1999
                                                           -------------       -------------
<S>                                                           <C>                  <C>
OPERATING EXPENSES
         Professional Fees................................    $ 37,650             $     0
         Depreciation expenses............................          45                   0
         Travel...........................................       4,141                   0
         Registration and Filing Fees.....................       1,872                   0
         Other............................................       6,708                   0
                                                                 -----             --------


                    TOTAL OPERATING EXPENSES                 ($ 50,416)            $     0
                                                             ----------            --------
                          LOSS FROM OPERATIONS               ($ 50,416)           ($     0)


INCOME TAX EXPENSE                                                   0                   0
                                                             ----------            --------

                                               NET LOSS      ($ 50,416)            $     0
                                                             ==========            ========


Basis loss per common share...............................    $   *                $    *
                                                             ----------            --------

Basic weighted average common shares outstanding..........    5,063,000             5,000,000
                                                             ==========            ==========

*  Less than $.01 per share
</TABLE>












          See accompanying summary of significant accounting policies
                       and Notes to Financial Statements


                                      (F-4)
                                        9
<PAGE>



                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)
<TABLE>
<CAPTION>

                             Statement of Cash Flows


                            Through December 31, 2000


                                                                        Dec. 31, 2000       Dec. 31, 1999
<S>                                                                      <C>                  <C>
OPERATING ACTIVITIES
         Net loss....................................................    $ (50,416)           $      0
                                                                         ----------           ---------
                                          NET CASH (USED IN)
                                        OPERATING ACTIVITIES               (50,416)                  0
                                                                         ----------           ---------

FINANCING ACTIVITIES
         Investment equipment Depreciation...........................           45                   0
         Payments for offering costs.................................           55                   0
                                                                         ----------          ----------

                                          NET CASH PROVIDED BY
                                          FINANCING ACTIVITIES                 100                   0
                                                                         ----------          ----------


Cash and cash equivalents, beginning of period                              54,000                   0
                      CASH AND CASH EQUIVALENTS, END OF PERIOD               3,684                   0
                                                                         ----------          ----------
                           CHANGE IN CASH AND CASH EQUIVALENTS              50,316                   0
                                                                         ==========          ==========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
         Interest....................................................            0                   0
                                                                         ==========          ==========
         Income taxes................................................            0                   0
                                                                         ----------          ----------
</TABLE>













          See accompanying summary of significant accounting policies
                        and Notes to Financial Statement


                                      (F-5)
                                       10
<PAGE>



                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)
<TABLE>
<CAPTION>

                        Statement of Shareholder's Equity
               June 6, 1989 (Inception) through December 31, 2000

                                       Common Stock              Additional Paid     Retained
                                 Shares           Amount           In Capital         Deficit        Total
                                 ------           ------           ----------         -------        -----
<S>                              <C>              <C>                 <C>             <C>            <C>
Balance April 10, 2000           5,000,000        $40,000              --             ($40,000)        --
May 1, 2000 shares sold
In private placement offering
Net of offering Costs               63,000        $54,000                                            $54,000
Office Space contributed                                              600                                600
Net loss from April 10,2000
Through December 31, 2000                                                             ($50,416)     ($50,416)
                                                                                                    ---------
         Balance, December 31, 2001                                                                  $ 4,184*

                                          *difference due to rounding
</TABLE>

















           See accompanying summary of significant accounting policies
                        and Notes to Financial Statement


                                      (F-6)
                                       11
<PAGE>



                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS


NOTE A:  NATURE OF ORGANIZATION

                                   Background
The  company  was  incorporated  under  the laws of  Colorado  on June 6,  1989.
Following   incorporation  the  Company  remained  an  inactive  shell  company.
Effective  April  10,  2000,  the  Company  entered  the  development  stage  in
accordance with SFAS No. 7. The Company's  principal  activities since April 10,
2000 have  consisted of  organizational  maters and the sale of its no par value
common stock.

                              Amendment to Articles
On April 10, 2000, the Company filed amended articles of incorporation  with the
State of  Colorado,  at which time the  Company  revised  Article  XI,  Board of
Directors.  The Board  consists of one director who is also the President of the
Company.

NOTE B:  INCOME TAXES

A reconciliation of the U.S.  statutory federal income tax rate to the effective
rate is as follows:


                                                                 Sept. 30, 2000
                                                                 ---------------
     U.S. federal statutory graduated rate......................     15.00%
     State income tax rate, net of federal benefit..............      7.51%
     Offering costs.............................................     13.13%
     Net operating loss for which no tax benefit
        is currently available..................................    -35.64%
                                                                    -------
                                                                      0.00%
                                                                    =======


At December 31, 2000,  deferred  taxes  consisted of a net tax asset of $32,224,
due to operating loss  carryforwards of $90,417,  which was fully allowed for in
the valuation allowance of $32,224.  The valuation allowance from April 10, 2000
(inception)   through  December  31,  2000  was  $32,224.   Net  operating  loss
carryforwards will expire through 2020.

The valuation  allowance will be evaluated at the end of each year,  considering
positive and negative evidence about whether the asset will be realized. At that
time, the allowance will either be increased or reduced;  reduction could result
in the complete elimination of the allowance if positive evidence indicates that
the value of the deferred tax asset is no longer  impaired and the  allowance is
no longer required.


                                      (F-7)
                                       12
                                     <PAGE>



NOTE C:  SHAREHOLDERS' EQUITY

Common stock
------------

In May 2000, the Company conducted a private placement  offering whereby it sold
63,000  shares of its no par value common stock for $1.00 per share  pursuant to
an exemption  from  registration  claimed  under  Sections  4(2) and 4(6) of the
Securities Act of 1933, as amended, and Regulation D promulgated thereunder.

Following its original incorporation in June 1989, the Company issued 40,000,000
shares of its no par value  common  stock to an officer as payment for  services
related  to the  organization  and  start-up  of the  Company.  The value of the
transaction could not be objectively measured as the services were rendered by a
related party. The transaction was recorded at a nominal value of $40,000 ($.001
per share) as there was no market  price for the  Company's  common stock on the
date of issuance.

Reverse stock split

On April 7, 2000,  the Board of Directors  authorized an 8 to 1 reverse split of
the Company's no par value common stock,  effective on that date. As a result of
the split, the Company's  outstanding common shares were reduced from 40,000,000
to  5,000,000.  All per share and shares  outstanding  data in the  accompanying
financial statements have been restated to reflect the reverse split.















                                      (F-8)
                                       13
<PAGE>




                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                            Development stage company

Snake River Properties,  Inc., (the "Company")  entered the development stage in
accordance with Financial  Accounting  Standards  Board  Statements of Financial
Accounting Standards (SFAS) No. 7 "Accounting and Reporting by Development Stage
Enterprises" on June 6, 1989 upon incorporation.  The Company operates as a real
estate investment firm.

                                Use of estimates

The  preparation  of the  financial  statements  in  conformity  with  generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts of  assets,  liabilities,  and
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.

                                Cash equivalents

For the  purposes of the  statement  of cash flows,  the Company  considers  all
highly  liquid debt  instruments  purchased  with an original  maturity of three
months or less to be cash equivalents.

                           Equipment and depreciation

Equipment is stated at cost.  Equipment is depreciated over its estimated useful
life using the straight-line method.

Upon  retirement or  disposition  of the furniture and  equipment,  the cost and
accumulated depreciation are removed from the accounts and any resulting gain or
loss is reflected in operations.  Repairs and maintenance are charged to expense
as incurred and expenditures for additions and improvements are capitalized.

                              Web site development

The  Company  expenses  all  internal  and  external  costs  incurred to develop
internal-use computer software.  As a development stage company,  management has
determined  there is no  assurance  that the web site will  provide  substantive
service potential to the Company.


                                  Income taxes

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


Income taxes are  computed  under the  provisions  of the  Financial  Accounting
Standards  Board  (FASB)  Statement  109 No. (SFAS 109),  Accounting  for Income


                                     (F-9)
                                       14


Taxes. SFAS 109 is an asset and liability approach that requires the recognition
of deferred tax assets and liabilities for the expected future tax  consequences
of the difference in events that have been recognized in the Company's financial
statements compared to the tax returns.

                            Earnings/(loss) per share

The  Company  reports  loss per  share  using a dual  presentation  of basic and
diluted loss per share. Basic loss per share excludes the impact of common stock
equivalents.  Diluted loss per share utilizes the average market price per share
when applying the treasury stock method in determining common stock equivalents.
However,  the Company has a simple  capital  structure for the period  presented
and,  therefore,  there is no variance  between  the basic and diluted  loss per
share.

                       Fair value of financial instruments

SFAS 107,  "Disclosure  About Fair  Value of  Financial  Instruments,"  requires
certain  disclosures  regarding  the fair value of  financial  instruments.  The
Company's only financial instrument at December 31, 2000 was cash.

                           Cash and Cash Equivalents.

For purposes of the statements of cash flows,  The Company  considers all highly
liquid debt  securities  purchased  with  maturity of three months or less to be
cash equivalents.

                         Investment in Equity Securities

Equity  securities  are considered  available-for-sale,  and are carried at fair
value,  with  unrealized  gains and losses  reported in a separate  component of
stockholders' equity under Accumulated Other Comprehensive Income.

                          Concentrations of Credit Risk

Financial instruments,  which potentially subject the Company to a concentration
of credit risk, are cash and cash equivalents and accounts receivable.

                             Property and Equipment

Property and  equipment,  consisting of  furnishings  and equipment  used in its
current   operations,   is  stated  at  cost,  less  accumulated   depreciation.
Depreciation  is begun when the assets are placed in service and computed  using
the  straight-line  method over the estimated useful lives of the assets,  which
range from five to seven years.

                                Long-Lived Assets

Long-lived  assets  to be held and used are  reviewed  for  impairment  whenever
events or changes in circumstances indicate that the related carrying amount may
not be recoverable.  When required,  impairment  losses on assets to be held and
used are recognized based on the fair value of the asset.  Long-lived  assets to
be disposed  of, if any,  are  reported at the lower of carrying  amount or fair
value less cost to sell.

                                  Sales Revenue

Revenues  from sales are  recorded  when the  collection  of sales  proceeds  is
reasonably  assured  and all  other  material  conditions  of the sales are met.
Income on contracts in excess of one month is deferred and  recognized  monthly,
pro-rata, over the term of the agreement.


                                     (F-10)
                                       15


                                   Advertising

Advertising costs are charged to operations in the year incurred.

                        Basic Net Income (Loss) per Share

Basic net income  (loss) per common share is computed by dividing the net income
or loss  available  to Common  stockholders  by the weighted  average  number of
Common  shares  outstanding  during  each  period.  There  were no common  stock
equivalents as of the periods ended December 31, 2000 and December 31, 1999. Net
income or loss per share for the periods presented above are based on a weighted
average number of shares outstanding of 5,063,000 and 5,000,000  (adjusted for a
one-for-eight  reverse  split)  during the three  months  ended,  2000 and 1999,
respectively.

                                Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting  principles  requires  management to make estimates and  assumptions.
These  estimates  and  assumptions  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.

                             Risks and Uncertainties

The company is a start up company subject to the substantial  business risks and
uncertainties  inherent  to such an  entity,  including  the  potential  risk of
business failure.

The accompanying  financial  statements have been prepared  assuming the Company
will continue as a going concern,  which  contemplates,  among other things, the
realization  of assets and  satisfaction  of liabilities in the normal course of
business. The Company's losses from operations through June 30, 2001 and lack of
operational  history,  among other matters,  raise  substantial doubt about it's
ability to continue as a going concern.  The Company  intends to fund operations
through  equity  financing   arrangements  which  management  believes  will  be
sufficient to fund its capital  expenditures,  working capital  requirements and
other cash  requirements.  There is no  assurance  the  Company  will be able to
obtain  sufficient  additional  funds  when  needed,  or  that  such  funds,  if
available, will be obtainable on terms satisfactory to the Company.

The  future  of the  Company's  operations  depends  in  part  on  it's  sale of
additional shares through a private placement memorandum.


                                     (F-11)
                                       16
<PAGE>


CHANGES IN / DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING/FINANCIAL DISCLOSURE

There have been no disagreements  between Snake River  Properties,  Inc. and its
independent  accountants on any matter of accounting  principles or practices or
financial  statement  disclosures.  There have been no  changes  in Snake  River
Properties, Inc.'s independent accountants.


DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

The directors and officers of Snake River Properties, Inc. are as follows:

Name                       Age          Position(s)
----                       ---          -----------

Mark W. Moniak              36          Chairman of the Board, President and
                                        Chief Executive Officer

Marisa L. Chatfield         36          Secretary and Treasurer

Mark W. Moniak has served as President, Chief Executive Officer, and Chairman of
the Board of Directors  since April 2000.  From 1989 until  present,  Mr. Moniak
served as Director of Sales for Baldwin  Steel  Company in Southern  California.
His  duties  include  managing  a  six  state  western   territory,   developing
strategies, sales and customer service.

Marisa L. Chatfield has served as the Secretary and Treasurer  since April 2000.
From 1995 until  present,  Ms.  Chatfield  was the  president  of a real  estate
consulting business,  Land Ventures,  Ltd., which she formed in 1994 to consult,
educate,  and assist  clients on land and  property  opportunities  in San Diego
County, California.


EXECUTIVE COMPENSATION

Snake River  Properties,  Inc.  agreed to pay  compensation to its President and
Chief  Executive  Officer,  Mark W. Moniak,  for the year 2000, in the amount of
$10,000.

Snake  River  Properties,   Inc.  has  not  paid  salaries  or  other  forms  of
compensation to employees prior to Mr. Moniak's salary in the year 2000.

Employment Agreements
---------------------
None

Long-Term Incentive Plans
-------------------------
None


                                       17
<PAGE>


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, all individuals  known to beneficially own 5% or
more of  Snake  River  Properties,  Inc.  common  stock,  and all  officers  and
directors  of  the   registrant,   with  the  amount  and  percentage  of  stock
beneficially owner as per the Shareholder List current to December 31, 2000.


   Name and Address                     Amount of Common Shares
 of Beneficial Holder                   of Beneficial Ownership       Percentage
 --------------------                   -----------------------       ----------

  Anthony and Nicole Gangale                    441,575                  8.71
  7067 Rock Dove Street
  Carlsbad, California 92009

  Kenneth M. Chatfiled                          416,575                  8.23
  1724 Caliban Drive
  Encinitas, California 92024

  Jennifer Chatfield                            416,575                  8.23
  4206 Avocado Street
  Angeles, California 90027

  Ruth Blair., Ltd., IBC                        416,375                  8.22
  c/o Callendars & Co.
  One Millars Court
  Nassau, N.P., Bahamas

  InversaMex Capital, Ltd.                      416,375                  8.22
  2726 Shelter Island Drive, Suite 370
  San Diego, California 92106

  Chase Sullivan Krueger                        416,375                  8.22
  3566 Garrison Street
  San Diego, California 92106

  Robert Blair Krueger II                       416,375                  8.22
  701 "B" Street, Suite 248
  San Diego, California 92101

  Kathleen Chatfield                            416,375                  8.22
  1724 Caliban Drive
  Encinitas, California 92024

  Lindsay B. Walters                            416,375                  8.22
  714 Rushville
  La Jolla, California 92037

  Dana Walters                                  416,375                  8.22
  714 Rushville
  La Jolla, California 92037


                                       18
<PAGE>


   Name and Address                     Amount of Common Shares
 of Beneficial Holder                   of Beneficial Ownership       Percentage
 --------------------                   -----------------------       ----------

  Velma Walters                                416,375                   8.22
  P.O. Box 8633
  La Jolla, California 92038

  Thomas H. Somers                             416,375                   8.22
  721 Avalon Court
  San Diego, California

  Mark W. Moniak                                  0                        0
  28577 Caminito Pasadero, Suite 420
  San Diego, California 92128

  Marisa L. Chatfield                             0                        0
  28577 Caminito Pasadero, Suite 420
  San Diego, California 92128

  Directors and Officers as a group               0                        0


Note:  Ruth Blair,  LTD., a Bahamian international  business company ("IBC"), is
       beneficially owned by Richard Rosburg, a Bahamian citizen.


CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None during the year ended December 31, 2000.



                                       19
<PAGE>



EXHIBITS AND REPORTS ON FORM 8-K


Exhibits
--------

Snake  River   Properties,   Inc.'s  Articles  of   Incorporation   and  By-laws
incorporated by reference.  Reference:  Snake River Properties,  Inc.  10SB12B/A
filing of November 14, 2000.

Reports on Form 8-K
-------------------

None.


INDEX TO EXHIBITS AND REPORTS


         (3)      (i). Articles of Incorporation
                  (ii). By-laws


         (4)      Instruments defining the rights of holders, incl., indentures

                  Incorporated by reference;  see:   Exhibit  3(i)  Articles  of
                  Incorporation and Exhibit 3(ii) By-Laws


                                       20
<PAGE>




                                   SIGNATURES


In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.





                                                 Snake River Properties, Inc.
                                             -----------------------------------
                                                         (Registrant)



     Date:       July 29, 2001               \S\ Mark W. Moniak
            ----------------------           -----------------------------------
                                                  (Mark W. Moniak, President)












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