**U.S. SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C.  20549**

**FORM 10-QSB**

[ X ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

For the quarterly period ended September 30, 2001

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

For the transition period from     to

Commission File No. 000-32735

**FREEDOM RESOURCES ENTERPRISES, INC.**

(Exact name of small business issuer as specified in its charter)

|**Nevada**

(State or other jurisdiction of incorporation or organization) | **87-0567033**

(IRS Employer Identification No.)
|-------------------------------------------------------------------------- | -------------------------------------------------

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

(Address of principal executive offices)

**801-566-5931**

(Issuer's telephone number)

Not Applicable

(Former name, address and fiscal year, if changed since last report)

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS:

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes [  ] No [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common equity, as of September 30, 2001: 375,000
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

**FORM 10-QSB**

**FREEDOM RESOURCES ENTERPRISES, INC.**

INDEX

| | Page
| | ----

|PART I. Financial Information | 
|----------------------------- | 

|Item I.  Financial Statements (unaudited) 

Condensed Balance Sheets - September 30, 2001 (unaudited) and December 31,
2000

Condensed Statements of Operations (unaudited) for the Three and Nine Months
Ended September 30, 2001 and 2000, and for the period from Inception on
November 6, 1996 through September 30, 2001

Condensed Statements of Cash Flows (unaudited) for the Three and Nine Months
Ended September 30, 2001 and 2000, and for the period from Inception on
November 6, 1996 through September 30, 2001

Notes to Consolidated Financial Statements

Item 2.  Management's Discussion and Analysis of Financial Condition or Plan of
Operation | 3

4

5

6

7

12
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------

|PART II. Other Information 

Item 6.  Exhibits and Reports on Form 8-K | 13
|---------------------------------------------------------------------- | --

|Signatures | 14
|---------- | --

(Inapplicable items have been omitted)

**PART I.**

**Financial Information**

Item 1.  Financial Statements (unaudited)

In the opinion of management, the accompanying unaudited financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for the
periods presented.  The results of operations for the periods presented are not necessarily indicative of the results to be expected
for the full year.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**UNAUDITED CONDENSED BALANCE SHEET**

|******ASSETS**                                                                                     | September 30, 2001
|-------------------------------------------------------------------------------------------------- | ------------------
|                                                                                                   | ___________       
|**CURRENT ASSETS:**                                                                                |                   
|Cash in bank                                                                                       | $  127            
|                                                                                                   | ___________       
|Total Current Assets                                                                               | 127               
|                                                                                                   | ___________       
|**PROPERTY AND EQUIPMENT,**net                                                                     | 1,045             
|****                                                                                               | ___________       
|                                                                                                   | $ 1,172           
|                                                                                                   | ____________      
|**LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)**                                                 |                   
|**CURRENT LIABILITIES:**                                                                           |                   
|Accounts payable                                                                                   | $ 10,523          
|Advances from related party                                                                        | 120               
|                                                                                                   | ___________       
|                                                                                                   | 10,643            
|                                                                                                   | ___________       
|**STOCKHOLDERS' EQUITY:**                                                                          |                   
|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,
375,000 shares issued and outstanding | 375               
|Capital in excess of par value                                                                     | 47,125            
|Deficit accumulated during the development stage                                                   | (56,971)          
|                                                                                                   | ___________       
|Total Stockholders' Equity (Deficit)                                                               | (9,471)           
|                                                                                                   | ___________       
|****                                                                                               | $ 1,172           
|                                                                                                   | ____________      

The accompanying notes are an integral part of this unaudited financial statement.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**UNAUDITED CONDENSED STATEMENTS OF OPERATIONS**

|                                                        | For the Three
Months Ended
September 30, | For the Three
Months Ended
September 30, | For the Nine
Months Ended
September 30, | For the Nine
Months Ended
September 30, | From Inception on
November 6, 1996
Through September
30,
|------------------------------------------------------- | ---------------------------------------- | ---------------------------------------- | --------------------------------------- | --------------------------------------- | --------------------------------------------------------
|                                                        | 2001                                     | 2000                                     | 2001                                    | 2000                                    | 2001                                                    
|                                                        | ________                                 | ________                                 | ________                                | ________                                | _________                                               
|**REVENUE**                                             | $ -                                      | $ -                                      | $ -                                     | $ -                                     | $ -                                                     
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**EXPENSES:**                                           |                                          |                                          |                                         |                                         |                                                         
|Depreciation and
amortization                           | 88                                       | 88                                       | 261                                     | 262                                     | 3,062                                                   
|General and
administrative                              | 6,790                                    | 61                                       | 6,858                                   | 440                                     | 17,943                                                  
|Research and
development                                | -                                        | -                                        | -                                       | 10,547                                  | 15,674                                                  
|Impairment of
Long Lived Assets                         | -                                        | 4,500                                    | -                                       | 15,000                                  | 21,285                                                  
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|Total expenses                                          | 6,878                                    | 4,649                                    | 7,119                                   | 26,249                                  | 57,964                                                  
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**LOSS FROM
OPERATIONS**                                | (6,878)                                  | (4,649)                                  | (7,119)                                 | (26,249)                                | (57,964)                                                
|**OTHER
INCOME:**                                       |                                          |                                          |                                         |                                         |                                                         
|Interest Income                                         | -                                        | 43                                       | -                                       | 253                                     | 1,214                                                   
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**LOSS BEFORE
INCOME TAXES**                            | (6,878)                                  | (4,606)                                  | (7,119)                                 | (25,996)                                | (56,750)                                                
|**CURRENT TAX
EXPENSE**                                 | -                                        | -                                        | -                                       | -                                       | -                                                       
|**DEFERRED TAX
EXPENSE**                                | -                                        | -                                        | -                                       | -                                       | -                                                       
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**LOSS FROM
CONTINUING**
**OPERATIONS**                 | (6,878)                                  | (4,606)                                  | (7,119)                                 | (25,996)                                | (56,750)                                                
|**CUMULATIVE
EFFECT OF
CHANGE IN
ACCOUNTING
PRINCIPLE** | -                                        | -                                        | -                                       | -                                       | (221)                                                   
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**NET LOSS**                                            | $ (6,878)                                | $ (4,606)                                | $ (7,119)                               | $ (25,996)                              | $ (56,971)                                              
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|**LOSS PER
COMMON
SHARE:**                              |                                          |                                          |                                         |                                         |                                                         
|Continuing
operations                                   | $ (.02)                                  | $ (.01)                                  | $ (.02)                                 | $ (.07)                                 | $ (.17)                                                 
|Change in
accounting principle                          | -                                        | -                                        | -                                       | -                                       | (.00)                                                   
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               
|Loss per common
share                                   | $ (.02)                                  | $ (.01)                                  | $ (.02)                                 | $ (.07)                                 | $ (.17)                                                 
|                                                        | _________                                | _________                                | _________                               | _________                               | _________                                               

The accompanying notes are an integral part of these unaudited financial statements.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS**

**INCREASE [DECREASE] IN CASH AND CASH EQUIVALENTS**



|                                                                  | For the Nine Months Ended
September 30, | For the Nine Months Ended
September 30, | From Inception on November
6, 1996 Through September
30,
|----------------------------------------------------------------- | --------------------------------------- | --------------------------------------- | --------------------------------------------------------
|                                                                  | 2001                                    | 2000                                    | 2001                                                    
|                                                                  | ____________                            | ____________                            | ____________                                            
|**Cash Flows from Operating
Activities:**                         |                                         |                                         |                                                         
|****Net loss                                                      | $ (7,119)                               | $ (25,996)                              | $ (56,971)                                              
|Adjustments to reconcile net
loss to net cash used by
operations: |                                         |                                         |                                                         
|****Amortization expense                                          | -                                       | -                                       | 2,432                                                   
|****Depreciation expense                                          | 261                                     | 261                                     | 697                                                     
|Loss on impairment of long
lived assets                           | -                                       | -                                       | 21,285                                                  
|Effect of change in
accounting principle                          | -                                       | -                                       | 221                                                     
|Changes in assets and
liabilities:                                |                                         |                                         |                                                         
|Increase in accounts payable                                      | 6,777                                   | -                                       | 10,523                                                  
|                                                                  | ____________                            | ____________                            | ____________                                            
|Net Cash (Used) by
Operating Activities                           | (81)                                    | (25,735)                                | (21,813)                                                
|                                                                  | ____________                            | ____________                            | ____________                                            
|**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                                | -                                       | -                                       | 52,500                                                  
|Stock offering costs                                              | -                                       | -                                       | (5,000)                                                 
|Proceeds from related party
advances                              | 120                                     | -                                       | 120                                                     
|                                                                  | ____________                            | ____________                            | ____________                                            
|Net Cash Provided by
Financing Activities                         | 120                                     | -                                       | 47,620                                                  
|                                                                  | ____________                            | ____________                            | ____________                                            
|**Net Increase (Decrease) in
Cash**                               | 39                                      | (25,735)                                | 127                                                     
|**Cash at Beginning of Period**                                   | 88                                      | 29,737                                  | -                                                       
|                                                                  | ____________                            | ____________                            | ____________                                            
|**Cash at End of Period**                                         | $ 127                                   | $ 4,002                                 | $ 127                                                   
|                                                                  | ____________                            | ____________                            | ____________                                            
|**Supplemental Disclosures of
Cash Flow Information:**            |                                         |                                         |                                                         
|****Cash paid during the period
for:                              |                                         |                                         |                                                         
|Interest                                                          | $ -                                     | $ -                                     | $ -                                                     
|Income taxes                                                      | $ -                                     | $ -                                     | $ -                                                     

**Supplemental Disclosures of Non-Cash Investing and Financing Activities:**

****For the period ended September 30, 2001:

None

****For the period ended September 30, 2000:

None

The accompanying notes are an integral part of these unaudited financial statements.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

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

**Organization -** Freedom Resources Enterprises, Inc. (the Company) was organized under the laws of the State of Nevada on
November 6, 1996.  The Company has not commenced planned principal operations and is considered a development stage
company as defined in Statement of Financial Accounting Standards (SFAS) No. 7.  The Company is planning to engage in the
business to research, publish and distribute self improvement type books and seminars over the internet.  The Company has, at
the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial
requirements of the Company and other relevant factors.

**Condensed Financial Statements -**The accompanying financial statements have been prepared by the Company without audit.
In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the
financial position, results of operations and cash flows at September 30, 2001 and 2000 and for the periods then ended have been
made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted.  It is suggested that these condensed financial statements be
read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2000 audited
financial statements.  The results of operations for the periods ended September 30, 2001 and 2000 are not necessarily indicative
of the operating results for the full year.

**Organization Costs** - The Company has expensed costs, which reflect amounts expended to organize the Company.  The
Company was previously amortizing the costs, but during 1998 the Company expensed the remaining $221 in organization
costs, in accordance with Statement of Position 98-5.

**Loss Per Share -** The computation of loss per share is based on the weighted average number of shares outstanding during the
period presented in accordance with Statement of Financial Accounting Standards (SFAS) No. 128 "Earnings Per Share" [See
Note 8].

**Cash and Cash Equivalents**- For purposes of the financial statements, the Company considers all highly liquid debt
investments purchased with a maturity of three months or less to be cash equivalents.

**Property and Equipment -** Property and equipment are stated at cost.  Expenditures for major renewals and betterments that
extend the useful lives of property and equipment are capitalized upon being placed in service. Expenditures for maintenance
and repairs are charged to expense as incurred.  Depreciation is computed for financial statement purpose on a straight-line
method over the estimated useful life of five years.

**Income Taxes -** The Company accounts for income taxes in accordance with Statement of Financial Accounting Standards No.
109 "Accounting for Income Taxes".  [See Note 7].

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [CONTINUED**]

**Accounting Estimates** - The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures
of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses
during the reported period.  Actual results could differ from those estimated.

**Website Costs -**The Company has adopted the provisions of EITF 00-2, "Accounting for Web Site Development Costs."
Accordingly, costs incurred to plan the Company's website have been expensed as research and development costs.  Costs to
maintain and improve the site are also expensed as incurred. Costs incurred during the development stage are capitalized and
amortized over the life of the asset.

**Impairment -**In accordance with Statement of Financial Accounting Standards No. 121, "Accounting for the impairment of
Long-Lived Assets and for Long-Lived assets to Be Disposed Of", the Company is required to review long-lived assets and
certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of
an asset may not be recoverable.  The Company recorded a write-down of $21,285 of manuscript costs during the year ended
December 31, 2000.

**Other Assets -** The Company's manuscripts and transcripts are recorded at cost.  Amortization is calculated using the straight
line method and is based upon the estimated useful lives of the assets of five years.

**Recently Enacted Accounting Standards -**Statement of Financial Accounting Standards ("SFAS") No. 140, "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities - a replacement of FASB Statement No. 125",
SFAS No. 141, "Business Combinations", SFAS No. 142, "Goodwill and Other Intangible Assets", and SFAS No. 143,
"Accounting for Asset Retirement Obligations", were recently issued. SFAS No. 140, 141, 142, and 143 have no current
applicability to the Company or their effect on the financial statements would not have been significant.

**Stock Based Compensation** - The Company accounts for its stock based compensation in accordance with Statement of
Financial Accounting Standard 123  "Accounting for Stock-Based Compensation".  This statement establishes an accounting
method based on the fair value of equity instruments awarded to employees as compensation.

**NOTE 2 - PROPERTY AND EQUIPMENT**

At September 30, 2001, property and equipment consist of the following:****

|Office Equipment                | 1,742  
|------------------------------- | -------
|Less:  Accumulated Depreciation | (697)  
|                                | ______ 
|                                | 1,045  
|                                | _______

Depreciation expense for the period ended September 30, 2001 was $261.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

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

****The Company paid $16,150 and $7,500 during 2000 and 1999 to consultants to prepare manuscripts which the Company plans
to market.  A summary of Manuscripts, transcripts, etc. consists of the following:



|                                   | September 30, 2000
|---------------------------------- | ------------------
|                                   | ____________      
|Manuscripts, transcripts, etc.     | $ 23,650          
|Less: Accumulated amortization     | (2,365)           
|Less: Loss on Impairment           | (21,285)          
|                                   | ____________      
|Net manuscripts, transcripts, etc. | $ -               
|                                   | ____________      

At December 31, 2000 the Company recorded an impairment of $21,285 due to the Company not generating any revenues from
the manuscript and the Company's ability to continue as a Going Concern [See Note 6].

**NOTE 4 - CAPITAL STOCK**

**Common Stock** - During November, 1996, in connection with its organization, the Company issued 250,000 shares of its
previously authorized, but unissued common stock.  Total proceeds from the sale of stock amounted to $2,500 ($.01 per share).

During August 1997, the Company issued 23,750 shares of its previously authorized, but unissued common stock.  Total
proceeds from the sale of stock amounted to $9,500 (or $.40 per share).

During May and August 1998, the Company issued 101,250 shares of its previously authorized, but unissued common stock.
Total proceeds from the sale of stock amounted to $40,500 (or $.40 per share).

**Preferred Stock** - The Company has authorized 5,000,000 shares of preferred stock, $.001 par value with such rights,
preferences and designations and to be issued in such series as determined by the Board of Directors.  No shares are issued and
outstanding at December 31, 2000.

**Stock Options -**During 1997, the Board of Directors adopted the 1997 Stock Option Plan (the Plan).  Under the terms and
conditions of the Plan, the board is empowered to grant stock options to employees, officers, directors and consultants of the
Company.  Additionally, the Board will determine, at the time of the grant, vesting provisions of the grant, and whether the
options will qualify as incentive stock options under section 422 of the Internal Revenue code.  The Plan was approved by the
shareholders of the Company at its 1997 shareholder meeting.  The total number of shares of common stock available under the
Plan may not exceed 750,000 shares.  As of September 30, 2001 and December 31, 2000, no options have been issued under the
Plan.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE 5 - RELATED PARTY TRANSACTIONS**

**Management Compensation -** The Company has not paid any compensation to its officers and directors.

**Office Space** - The Company has not had a need to rent office space.  An officer/shareholder of the Company is allowing the
Company to use his office as a mailing address, as needed, at no expense to the Company.

**Payable** - The President of the Company made advances to the Company to cover expenses.  As of September 30, 2001 this
amount totaled $120.

**NOTE 6 - GOING CONCERN**

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which
contemplate continuation of the Company as a going concern.  However, the Company was only recently formed, has incurred
losses since its inception and has not yet been successful in establishing profitable operations.  Further, the Company has current
liabilities in excess of current assets.  These factors raise substantial doubt about the ability of the Company to continue as a
going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations
through additional sales of its common stock.  There is no assurance that the Company will be successful in raising this
additional capital or achieving profitable operations.  The financial statements do not include any adjustments that might result
from the outcome of these uncertainties.

**NOTE 7 - INCOME TAXES**

The Company accounts for income taxes in accordance with Statement of Financial Accounting Standards No. 109 "Accounting
for Income Taxes".  SFAS No. 109 requires the Company to provide a net deferred tax asset/liability equal to the expected future
tax benefit/expense of temporary reporting differences between book and tax accounting methods and any available operating
loss or tax credit carryforwards.

The Company has available at September 30, 2001, unused operating loss carryforwards of approximately $56,700, which may
be applied against future taxable income and which expire in various years through 2020. The amount of and ultimate realization
of the benefits from the operating loss carryforwards for income tax purposes is dependent, in part, upon the tax laws in effect,
the future earnings of the Company, and other future events, the effects of which cannot be determined.  Because of the
uncertainty surrounding the realization of the loss carryforwards the Company has established a valuation allowance equal to the
amount of the loss carryforwards and, therefore, no deferred tax asset has been recognized for the loss carryforwards. The net
deferred tax assets are approximately $19,200 as of September 30, 2001, with an offsetting valuation allowance at year end of
the same amount, resulting in a change of approximately $2,000 during the nine months ended September 30, 2001.

**FREEDOM RESOURCES ENTERPRISES, INC.**

[A Development Stage Company]

**NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**NOTE 8 - LOSS PER SHARE**

The following data show the amounts used in computing loss per share for the periods presented:



|                                                                                           | For the Three
Months Ended
September 30, |           | For the Nine
Months Ended
September 30, |            | From Inception on
November 6, 1996
Through September
30,
|------------------------------------------------------------------------------------------ | ---------------------------------------- | --------- | --------------------------------------- | ---------- | --------------------------------------------------------
|                                                                                           | 2001                                     | 2000      | 2001                                    | 2000       | 2001                                                    
|                                                                                           | ________                                 | ________  | ________                                | ________   | ________                                                
|(Loss) from
continuing
operations available
to common
shareholders                         | $ (6,878)                                | $ (4,606) | $ (7,119)                               | $ (25,996) | $ (56,750)                                              
|                                                                                           | ________                                 | ________  | ________                                | ________   | ________                                                
|Cumulative effect
of change in
accounting principle                                        | $ -                                      | $ -       | $ -                                     | $ -        | $ (221)                                                 
|                                                                                           | ________                                 | ________  | ________                                | ________   | ________                                                
|Weighted average
number of common
shares outstanding
used in loss per share
for the period | 375,000                                  | 375,000   | 375,000                                 | 375,000    | 334,539                                                 
|                                                                                           | ________                                 | ________  | ________                                | ________   | ________                                                

Dilutive earnings per share was not presented, as the Company had no common equivalent shares for all periods presented that
would have effected the computation of diluted earning (loss) per share.

**Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF** **FINANCIAL CONDITION OR PLAN OF
OPERATION**

**Forward-Looking Statement Notice**

When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar
expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities Act of 1933
and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect the
Company's future plans of operations, business strategy, operating results, and financial position. Persons reviewing this report
are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and
uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result
of various factors. Such factors are discussed under the "Item 2.  Management's Discussion and Analysis of Financial Condition
or Plan of Operations," and also include general economic factors and conditions that may directly or indirectly impact the
Company's financial condition or results of operations.

**Our business**

Freedom Resources Enterprises, Inc., was originally incorporated in the state of Nevada on November 6, 1996 to publish a
self-improvement book concerning the insights and understandings of major cultures.  Having completed research for the
"Personal Freedom and Prosperity" book project, the Company began to develop self-help seminars derived from research and
materials gathered during the book project.  The Company did not publish the book, but instead is marketing its research via the
internet in the form of essays, seminars, and learning modules.  We are doing business on the internet as Life Discovery
Institute.  The Company has not generated any revenue and has not made any sales either via the internet or in any other manner.

Having engaged in an examination of major cultures and civilizations for several years, the Company is now developing an
internet siteldi4u.com where the Company intends to market seminars and essays based on its research.  For the past two years,
the Company has been working on the website development which the Company anticipates launching for public visits in late
2001.  The website is not yet operational.  The Company's principal  purpose is to teach  techniques in critical  thinking,
self-image  psychology  and self motivation which helps people to improve the quality of their lives.

The Company is dedicated to the discovery and implementation of critical insights and understandings that give us clearer
views of ourself, others, and the world in which we live.  The goal of the website is to help people obtain clearer views about life
and its general challenges so people can gain control over their future through the use of critical thinking techniques, self-image
psychology and self motivation.  Second, the Company invites people to engage in the cultural conversation of today's world in
the hope of addressing those elements in our culture that affect the ability to live life well.  The Company's website is a blended
effort to assist people in using the power of personal enlightenment and cultural awareness to improve their lives.

Our website, ldi4u.com, will be the main access to our products.  We will also sell our products directly but our focus is on sales
via our website.  We may also allow third parties to sell our products although we have no such agreements in place at the
present time.

To date, we have not generated any revenue from the sale of our products.  We anticipate that sufficient revenues will be
generated from the sale of our products when we launch our website that we will be able to implement additional advertising
methods.  We have no assurance that we will be successful in selling our products and we have no history of generating any
revenue.  To the extent we are unable to generate revenue, we may need to find additional sources of financing in order to
continue operations.  We have no commitments for any funding.  In seeking additional financing, we may sell stock or look for
debt financing.

**Three Month and Nine Month periods Ended September 30, 2001 and 2000**

The Company had no revenue from continuing operations for the three month periods ended September 30, 2001 and 2000 and
for the nine month periods  ended September 30, 2001 and 2000. Increase is due to the Company commencing operations.  Cost
of goods sold was $33,689 and $19,591 for the three month period ended period ending September 30, 2001 and 2000. Cost of
goods sold was $81,983 and $24,091 for the nine month period ended September 30, 2001 and 2000 respectively.

General and administrative expenses for the three month periods ended September 30, 2001 and 2000, consisted of general
corporate administration, legal and professional expenses, and accounting and auditing costs.  These expenses were $6,878 and
$4,649 for the three-month periods ended March 31, 2001 and 2000 respectively.  For the nine month periods ended September
30, 2001 and 2000, these expenses were $7,119 and $26,249 respectively.

As a result of the foregoing factors, the Company realized a net loss of $6,878 for the three months ended September 30, 2001
as compared to a net loss of $4,606 for the same period in 2000.  For the nine months ended September 30, 2001 the Company
realized a net loss of $7,119 compared to $26,996 for the same period in 2000.

**Liquidity and Capital Resources**

At September 30, 2001 the Company had $127 cash in hand and total current liabilities of $10,643.

The Company believes that its current cash needs can be met with the cash on hand and continued operations.  However, should
the Company find it necessary to raise additional capital, the Company may sell common stock of the Company or enter into
debt financing agreements.

**PART II.  OTHER INFORMATION**

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

Reports on Form 8-K:  No reports on Form 8-K were filed by the Company during the quarter ended September 30, 2001.

Exhibits:  None

**SIGNATURES**

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

**FREEDOM RESOURCES ENTERPRISES, INC.**

|Date: December 6, 2001  | By:  /s/ Neil Christiansen  
|----------------------- | ----------------------------
|                        | Neil Christiansen, President
|Date:  December 6, 2001 | By:  /s/Charisse Orton      
|                        | Charisse Orton, Treasurer