**U.S.      SECURITIES AND EX CHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**FREEDOM      RESOURCES ENTERPRISES, INC.**

| **Nevada**(State                or other jurisdiction of incorporationor                organization) | **87-0567033**(IRS                Employer Identification No.) |
|-------------------------------------------------------------------------------------------------------|----------------------------------------------------------------|

**901      East 7800 South, Midvale, UT 84047**

**801-566-5931**

**Not      Applicable**

----

|                        |                                                                                                                                                                                                                                                  | Page       |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| PART                I.      | Financial                Information                                                                                                                                                                                                                  | 3          |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Item 1.              Unaudited Condensed Financial Statements                                                                                                                                                                                   | 4     |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Unaudited              Condensed Balance Sheets - March 31, 2006 and December 31, 2005                                                                                                                                                          | 6     |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Unaudited Condensed Statements of Operations                for                the three months ended March 31, 2006 and 2005, and from inception                 on November 6, 1996                through March 31, 2006           | 7     |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Unaudited                Condensed Statements of Cash Flows for the three months ended March                31,                2006 and 2005, and from inception  on                November                6, 1996 through March 31, 2006 | 8     |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Notes to              Unaudited Condensed Financial Statements                                                                                                                                                                                  | 9-14  |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Item 2.              Management’s Discussion and Analysis of Financial Condition or Plan of              Operation                                                                                                                        | 15    |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Item              3. Controls and procedures                                                                                                                                                                                                    | 18    |
|                        |                                                                                                                                                                                                                                                  |       |
|  PART              II. |  Other              Information                                                                                                                                                                                                                  |       |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Item              6. Exhibits and Reports on Form 8-K                                                                                                                                                                                           | 18         |
|                        |                                                                                                                                                                                                                                                  |       |
|                        |  Signatures                                                                                                                                                                                                                                      | 19         |

----

**PART      I.**

**Financial      Information**

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**UNAUDITED      CONDENSED FINANCIAL STATEMENTS**

**MARCH      31, 2006**

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**CONTENTS**

|                                                                                                                                                                |  PAGE                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|
|  Unaudited              Condensed Balance Sheets,                                                                                                              |  6                                    |
|  March 31, 2006 and December 31,              2005                                                                                                             |                                       |
|                                                                                                                                                                |                                       |
|  Unaudited              Condensed Statements of Operations,                                                                                                    |                                       |
|  for                the three months ended March 31, 2006 and                2005 and from inception on November 6, 1996                through March 31, 2006 |  7                                    |
|                                                                                                                                                                |                                       |
|  Unaudited              Condensed Statements of Cash              Flows,                                                                                       |                                       |
|  for              the three months ended March 31, 2006 and              2005 and from inception on November 6, 1996              through March 31, 2006       |  8                                    |
|                                                                                                                                                                |                                       |
|  Notes to Unaudited Condensed Financial              Statements                                                                                                |  9                -                14 |

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**UNAUDITED      CONDENSED BALANCE SHEETS**

|  **ASSETS**                                                                                                                                                      |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                  |   |   | March                31,  |   |   | December                31, |   |
|                                                                                                                                                                  |   |   | 2006 |   |   | 2005 |   |
|  **CURRENT              ASSETS:**                                                                                                                                |   |   |   |   |   |   |   |
|  Cash                                                                                                                                             |   | $ | $5,058 |   | $ | 1,761 |   |
|        Total              Current Assets                                                                                           |   |   | 5,058 |   |   | 1,761 |   |
|                                                                                                                                                                  |   |   |   |   |   |   |   |
|  **PROPERTY              AND              EQUIPMENT,**              net                                                                                          |   |   | - |   |   | - |   |
|  **OTHER              ASSETS:**                                                                                                                                  |   |   |   |   |   |   |   |
|  Manuscripts              and transcripts,              net                                                                                                 |   |   | - |   |   | - |   |
|                                                                                                                                                                  |   | $ | $5,058 |   | $ | 1,761 |   |
|                                                                                                                                                                  |   |   |   |   |   |   |   |
|  **LIABILITIES                AND STOCKHOLDERS'                EQUITY (DEFICIT)**                                                                                |
|  **CURRENT              LIABILITIES:**                                                                                                                      |   |   |   |   |   |   |   |
|  Accounts              payable                                                                                                                              |   | $ | 35,653 |   | $ | $53,571 |   |
|  Accounts              payable - related              party                                                                                            |   |   | 180 |   |   | 180 |   |
|  Advances              from a shareholder                                                                                                                   |   |   | 25,000 |   |   | - |   |
|  Accrued              taxes                                                                                                                                 |   |   | - |   |   | 100 |   |
|  Accrued              interest - related              party                                                                                                 |   |   | 621 |   |   | 352 |   |
|        Total              Current Liabilities                                                                                      |   |   | 61,454 |   |   | 54,203 |   |
|                                                                                                                                                                  |   |   |   |   |   |   |   |
|  **CONVERTIBLE              NOTE PAYABLE - RELATED              PARTY**                                                                                     |   |   | 10,000 |   |   | 10,000 |   |
|        Total              Liabilities                                                                                              |   |   | 71,454 |   |   | 64,203 |   |
|                                                                                                                                                                  |   |   |   |   |   |   |   |
|  **STOCKHOLDERS'              EQUITY              (DEFICIT):**                                                                                                   |   |   |   |   |   |   |   |
|  Preferred              stock, $.001 par value,                                                                                                                  |   |   |   |   |   |   |   |
|    5,000,000              shares              authorized,                                                                                              |   |   |   |   |   |   |   |
|    no              shares issued and              outstanding                                                                                          |   |   | - |   |   | - |   |
|  Common              stock, $.001 par value,                                                                                                                     |   |   |   |   |   |   |   |
|    50,000,000              shares              authorized,                                                                                             |   |   |   |   |   |   |   |
|    12,000,000              shares issued and              outstanding                                                                             |   |   | 12,000 |   |   | 12,000 |   |
|  Capital              in excess of par value                                                                                                                |   |   | 47,918 |   |   | 47,918 |   |
|  Deficit              accumulated during the                                                                                                                     |   |   |   |   |   |   |   |
|    development              stage                                                                                                                 |   |   | (126,314 | ) |   | (122,360 | ) |
|        Total              Stockholders' Equity (Deficit)                                                                           |   |   | (66,396 | ) |   | (62,442 | ) |
|                                                                                                                                                                  |   | $ | $5,058 |   | $ | 1,761 |   |
|                                                                                                                                                                  |   |   |   |   |   |   |   |
|  Note:              The balance sheet at December 31, 2005 was taken from the audited              financial statements at that date and              condensed. |

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**UNAUDITED      CONDENSED STATEMENTS OF OPERATIONS**

|                                                                                |   |                               |   |                                     |   |  From                Inception |   |
|-------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|------------------------------------------|--------|-------------------------------------|--------|
|                                                                                |   |  For                the Three      |   |  on                November 6, 1996 |   |
|                                                                                |   |  Months                Ended  |   |  Through                            |   |
|                                                                                |   | March                31,                |   |  March                31,           |   |
|                                                                                |   |                                    | 2006   |                                     |   | 2005                                |   |   | 2006 |   |
|  **REVENUE**                                                              |   | $                                       | -      |                                     | $      | -                                   |   | $ | 3,560 |   |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **EXPENSES:**                                                                 |   |                                    |   |                                     |   |                                |   |   |   |   |
|  Depreciation              and amortization                                    |   |                                    | -      |                                     |   | -                                   |   |   | 4,174 |   |
|  General              and administrative                             |   |                                    | 3,685  |                                     |   | 4,940                               |   |   | 93,044 |   |
|  Research              and development                                         |   |                                    | -      |                                     |   | -                                   |   |   | 15,674 |   |
|  Impairment              of long-lived assets                                  |   |                                    | -      |                                     |   | -                                   |   |   | 21,285 |   |
|        Total              Expenses     |   |                                    | 3,685  |                                     |   | 4,940                               |   |   | 134,177 |   |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **LOSS              BEFORE OTHER INCOME              (EXPENSE)**              |   |                                    | (3,685 | )                                        |   | (4,940                              | )      |   | (130,617 | ) |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|                **OTHER                INCOME (EXPENSE):**                      |   |                                    |   |                                     |   |                                |   |   |   |   |
|  Interest              income                                        |   |                                    | -      |                                     |   | -                                   |   |   | 1,216 |   |
|  Interest              expense - related              party          |   |                                    | (269   | )                                        |   | (48                                 | )      |   | (789 | ) |
|  Gain              on settlement of debt                             |   |                                    | -      |                                     |   | 4,097                               |   |   | 4,097 |   |
|        Total              Other Income (Expense) |   |                                    | (269   | )                                        |   | 4,049                               |   |   | 4,524 |   |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **LOSS              BEFORE INCOME              TAXES**                        |   |                                    | (3,954 | )                                        |   | (891                                | )      |   | (126,093 | ) |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **CURRENT              TAX              EXPENSE**                   |   |                                    | -      |                                     |   | -                                   |   |   | - |   |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **DEFERRED              TAX              EXPENSE**                            |   |                                    | -      |                                     |   | -                                   |   |   | - |   |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **LOSS              FROM CONTINUING              OPERATIONS**       |   |                                    | (3,954 | )                                        |   | (891                                | )      |   | (126,093 | ) |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **CUMULATIVE              EFFECT OF CHANGE**                                  |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **IN              ACCOUNTING              PRINCIPLE**               |   |                                    | -      |                                     |   | -                                   |   |   | (221 | ) |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **NET              LOSS**                                                     |   | $                                       | (3,954 | )                                        | $      | (891                                | )      | $ | (126,314 | ) |
|                                                                                |   |                                    |   |                                     |   |                                |   |   |   |   |
|  **LOSS              PER COMMON SHARE:**                                       |   |                                    |   |                                     |   |                                |   |   |   |   |
|  Continuing              operations                        |   | $                                       | (.00   | )                                        | $      | (.00                                | )      |   |   |   |
|  Change              in accounting principle                              |   |                                    | -      |                                     |   | -                                   |   |   |   |   |
|        Loss              per common share        |   | $                                       | $(.00  | )                                        | $      | (.00                                | )      |   |   |   |

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**UNAUDITED      CONDENSED STATEMENTS OF CASH FLOWS**

|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |  From                  Inception |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|---------|--------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                                                                                                                               |   |  For                  the Three  |    |  on                  November 6, 1996 |   |
|                                                                                                                                                                                                                                               |   |  Months                  Ended   |    |                    Through            |   |
|                                                                                                                                                                                                                                               |   |  March                  31,      |    |  March                  31,           |   |
|                                                                                                                                                                                                                                               |   |                                       | 2006    |                                       |   | 2005                                  |   |   | 2006 |   |
|  **Cash                Flows from Operating                Activities:**                                                                                                                                                                      |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  Net                loss                                                                                                                                                                                             |   | $                                          | (3,954  | )                                          | $      | (891                                  | )      | $ | $(126,314 | ) |
|  Adjustments                to reconcile net loss to net                cash provided                                                                                                                                                         |   |                                       |    |                                       |   |                                  |   |   |   |   |
|    (used)                by operating                activities:                                                                                                                                                                    |   |                                       |    |                                       |   |                                  |   |   |   |   |
|    Amortization                expense                                                                                                                                                                                    |   |                                       | -       |                                       |   | -                                     |   |   | 2,432 |   |
|    Depreciation                expense                                                                                                                                                                                    |   |                                       | -       |                                       |   | -                                     |   |   | 1,742 |   |
|    Loss                on impairment of                long-lived assets                                                                                                                                                  |   |                                       | -       |                                       |   | -                                     |   |   | 21,285 |   |
|    Effect                of change in accounting                principle                                                                                                                                                 |   |                                       | -       |                                       |   | -                                     |   |   | 221 |   |
|    Gain                on settlement of                debt                                                                                                                                                               |   |                                       | -       |                                       |   | (4,097                                | )      |   | (4,097 | ) |
|    Changes                in assets and                liabilities:                                                                                                                                                                 |   |                                       |    |                                       |   |                                  |   |   |   |   |
|       Increase                (decrease) in accounts payable                                                                                                                                                    |   |                                       | (17,918 | )                                          |   | (1,337                                | )      |   | 39,750 |   |
|       Increase                in                accounts payable - related party                                                                                                                                |   |                                       | -       |                                       |   | -                                     |   |   | 180 |   |
|       Increase                (decrease) in accrued taxes                                                                                                                                                  |   |                                       | (100    | )                                          |   | 5                                     |   |   | - |   |
|       Increase                in                accrued interest - related party                                                                                                                                     |   |                                       | 269     |                                       |   | 48                                    |   |   | 789 |   |
|      Net                Cash Provided (Used) by Operating Activities                                                                                                                                                      |   |                                       | (21,703 | )                                          |   | (6,272                                | )      |   | (64,012 | ) |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Cash                Flows from Investing Activities:**                                                                                                                                                                                     |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  Purchase                of property and                equipment                                                                                                                                                              |   |                                       | -       |                                       |   | -                                     |   |   | (1,742 | ) |
|  Organization                costs                                                                                                                                                                                                            |   |                                       | -       |                                       |   | -                                     |   |   | (288 | ) |
|  Cost                of manuscripts                                                                                                                                                                                                      |   |                                       | -       |                                       |   | -                                     |   |   | (23,650 | ) |
|      Net                Cash (Used) by Investing Activities                                                                                                                                                               |   |                                       | -       |                                       |   | -                                     |   |   | (25,680 | ) |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Cash                Flows from Financing Activities:**                                                                                                                                                                                     |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  Proceeds                from sale of common                stock                                                                                                                                                              |   |                                       | -       |                                       |   | -                                     |   |   | 59,750 |   |
|  Stock                offering costs                                                                                                                                                                                           |   |                                       | -       |                                       |   | -                                     |   |   | (5,000 | ) |
|  Proceeds                from issuance of notes                payable                                                                                                                                                         |   |                                       | -       |                                       |   | 5,000                                 |   |   | 15,000 |   |
|  Advances                from a shareholder                                                                                                                                                                                    |   |                                       | 25,000  |                                       |   | 1,250                                 |   |   | 25,000 |   |
|      Net                Cash Provided by Financing Activities                                                                                                                                                        |   |                                       | 25,000  |                                       |   | 6,250                                 |   |   | 94,750 |   |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Net                Increase (Decrease) in                Cash**                                                                                                                                                             |   |                                       | 3,297   |                                       |   | (22                                   | )      |   | 5,058 |   |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Cash                at Beginning of                Period**                                                                                                                                                                 |   |                                       | 1,761   |                                       |   | 247                                   |   |   | - |   |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Cash                at End of                Period**                                                                                                                                                             |   | $                                          | 5,058   |                                       | $      | 225                                   |   | $ | 5,058 |   |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Supplemental                Disclosures of Cash                Flow Information:**                                                                                                                                                         |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  Cash                paid during the period for:                                                                                                                                                                                              |   |                                       |    |                                       |   |                                  |   |   |   |   |
|    Interest                                                                                                                                                                                                                    |   | $                                          | -       |                                       | $      | -                                     |   | $ | - |   |
|    Income                taxes                                                                                                                                                                             |   | $                                          | -       |                                       | $      | -                                     |   | $ | - |   |
|                                                                                                                                                                                                                                               |   |                                       |    |                                       |   |                                  |   |   |   |   |
|  **Supplemental                Schedule of Noncash                Investing and Financing Activities:**                                                                                                                                       |
|  For                the three months ended March 31, 2006:                                                                                                                                                                                    |
|    None                                                                                                                                                                                                                             |
|  For                the three months ended March 31, 2005:                                                                                                                                                                                    |
|     In                  February 2005, the Company settled accounts payable of $9,097 for                  $5,000                  cash and recognized $4,097 gain on settlement                       of debt. |

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Organization      -**

**Condensed      Financial Statements - **

**Cash      and Cash Equivalents -**

**Property      and Equipment - **

**Long-Lived      Assets -**

**Income      Taxes - **

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Revenue      Recognition -**

**Stock-Based      Compensation**
**-      **

**Loss      Per Share -**
*See      Note 9*

**Accounting      Estimates**
**-**

**Recently      Enacted Accounting Standards - **

**Reclassification      - **

**Restatement      - **

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      2 - PROPERTY AND EQUIPMENT**

|                                              |   |  March                31,  |          |  December                31, |   |
|---------------------------------------------------|--------|--------------------------------------|---------------|-----------------------------------|--------|
|                                              |   |                                 | 2006          |                              |   | 2005 |   |
|  Office              equipment          |   | $                                    | $1,742        |                              | $      | 1,742 |   |
|  Less:              Accumulated depreciation |   |                                 | (1,742        | )                                 |   | (1,742 | ) |
|                                              |   | $                                    |   - |                              | $      | - |   |

**NOTE      3 - MANUSCRIPTS, TRANSCRIPTS, ETC.**

|                                              |   |  March                31, |    |   December                31, |   |
|---------------------------------------------------|--------|--------------------------------|---------|-----------------------------------------|--------|
|                                              |   |  2006                     |    |  2005                              |   |
|  Manuscripts,              transcripts, etc. |   | $                              | $23,650 |                                    | $      | 23,650 |   |
|                                              |   |                           |    |                                    |   |   |   |
|  Less:              Accumulated amortization |   |                           | (2,365  | )                                       |   | (2,365 | ) |
|  Less:              Loss on impairment       |   |                           | (21,285 | )                                       |   | (21,285 | ) |
|                                              |   | $                              |  - |                                    | $      | - |   |

**NOTE      4 - CONVERTIBLE NOTES PAYABLE - RELATED PARTY**

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      5 - CAPITAL STOCK**

**Preferred      Stock**
**-**

**Common      Stock**
**-**

*See      Note 6*

**Stock      Option Plan - **

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      6 - RELATED PARTY TRANSACTIONS**

**Accounts      Payable - **
*See      Note 8*

**Convertible      Notes Payable - **
*See      Note 4*

**Advances      from a Shareholder - **
*See      Note 5*

**Stock      Issuance - **

**Management      Compensation -**

**Office      Space**
**-**

**Marketing      Agreement -**
*See      Note 8*

**NOTE      7 - GOING CONCERN**

----

**FREEDOM      RESOURCES ENTERPRISES, INC.**

*A      Development Stage Company*

**NOTES      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE      8 - MARKETING AGREEMENT**

**NOTE      9 - LOSS PER SHARE**

|                                                                      |   |  For                the Three      |       |
|---------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                      |   |  Months                Ended  |       |
|                                                                      |   |  March                31,          |       |
|                                                                      |   |  2006                              |       |  2005  |   |
|  Loss              from continuing operations              available |   |                                    |       |   |   |   |   |
|  to              common shareholders              (numerator)   |   | $                                       | (3,954     | ) | $ | $              (891 | ) |
|                                                                      |   |                                    |       |   |   |   |   |
|  Cumulative              effect of change in                         |   |                                    |       |   |   |   |   |
|  accounting              principle (numerator)                       |   | $                                       | -          |   | $ |  - |   |
|                                                                      |   |                                    |       |   |   |   |   |
|  Weighted              average number of                             |   |                                    |       |   |   |   |   |
|  common              shares outstanding                              |   |                                    |       |   |   |   |   |
|  used              in loss per share for the                         |   |                                    |       |   |   |   |   |
|  period              (denominator)                                   |   |                                    | 12,000,000 |   |   | 4,750,000 |   |

**NOTE      10 - SETTLEMENT OF DEBT**

**NOTE      11 - CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE**

**NOTE      12 - SUBSEQUENT EVENT**

----

**Item      2. Management’s Discussion and Analysis of Financial Condition or Plan of      Operation**

**Forward-Looking      Statement Notice**

**Description      of Business**

**Sources      of Opportunities**

----

**Criteria**

| ·   | available                technical, financial and managerial resources; |
|--------------------|-------------------------------------------------------------------------|

| ·   | working                capital and other financial                requirements; |
|--------------------|---------------------------------------------------------------------------------|

| ·   | the                history of operations, if any; |
|--------------------|---------------------------------------------------|

| ·   | prospects                for the future; |
|--------------------|------------------------------------------|

| ·   | the                nature of present and expected competition; |
|--------------------|----------------------------------------------------------------|

| ·   | the                quality and experience of management services which may be available                and                the depth of the management; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                potential for further research, development or exploration; |
|--------------------|--------------------------------------------------------------------------------|

| ·   | the                potential for growth and expansion; |
|--------------------|--------------------------------------------------------|

| ·   | the                potential for profit; |
|--------------------|------------------------------------------|

| ·   | the                perceived public recognition or acceptance of products, services,                trade or                service marks, name identification; and other relevant                factors. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Methods      of Participation of Acquisition**

**Procedures**

----

| ·   | descriptions                of product, service and company history; management resumes; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | financial                information; |
|--------------------|---------------------------------------|

| ·   | available                projections with related assumptions upon which they are based; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | an                explanation of proprietary products and services; |
|--------------------|---------------------------------------------------------------------|

| ·   | evidence                of existing patents, trademarks or service marks or rights thereto; |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | present                and proposed forms of compensation to management; |
|--------------------|--------------------------------------------------------------------------|

| ·   | a                description of transactions between the prospective entity and its                affiliates; |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | relevant                analysis of risks and competitive conditions; |
|--------------------|-----------------------------------------------------------------------|

| ·   | a                financial plan of operation and estimated capital requirements; |
|--------------------|----------------------------------------------------------------------------------|

| ·   | and                other information deemed relevant. |
|--------------------|-------------------------------------------------------|

**Competition**

**Employees**

**Description      of Property**

**Three      Month Period Ended March 31, 2006 and 2005**

**Liquidity      and Capital Resources**

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**Item      3. Controls and Procedures**

**PART      II. OTHER INFORMATION**

**Item      6. Exhibits and Reports on Form 8-K**

|  **Exhibit No.** |  **Title of              Document** ** **                                                                                                        |       **Location** |
|-----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|
|   31.1      |  Certification of the Principal              Executive Officer/ Principal                                                                                  |                                        |
|                  |  Financial Officer pursuant to Section              302 of the Sarbanes -Oxley Act of 2002                                                                 |       Attached     |
|                  |                                                                                                                                                            |                                        |
|  32.1            |  Certification of Chief Executive              Officer and Chief Financial Officer pursuant to section 906 of the              Sarbanes-Oxley Act of 2002* |       Attached     |

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**SIGNATURES**

**FREEDOM      RESOURCES ENTERPRISES, INC.**

|  Date: May 11, 2006  |                          |   |
|--------------------------------|-------------------------------|--------|
|                           |                          |   |
|                           |  /s/ Neil Christiansen   |   |
|                           |  Neil Christiansen       |   |
|                           |  Chief Executive Officer |   |
|                           |  Chief Financial Officer |   |

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