U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                  FORM 10-QSB/A

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

     For  the  quarterly  period  ended  March  31,  2003

     [   ]     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                                 87-0567033
     (State or other jurisdiction of         (IRS Employer Identification No.)
      incorporation or organization)


                     901 EAST 7800 SOUTH, MIDVALE, UT  84047
                    (Address of principal executive offices)

                                  801-566-5931
                           (Issuer's telephone number)

                                 NOT APPLICABLE
                            (Former name and address)

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 [  ] No [
X  ]

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 March 31, 2003:  375,000 shares of common stock, par value $0.001.

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


<PAGE>

<TABLE>
<CAPTION>


                      FREEDOM RESOURCES ENTERPRISES, INC.
                                   FORM 10-QSB
                                 MARCH 31, 2003

                                      INDEX

                                                                         Page
<S>       <C>                                                            <C>
PART I..  Financial Information

          Item 1.  Unaudited Condensed Financial Statements                 3

          Unaudited Condensed Balance Sheets - March 31, 2003 and
          December 31, 2002                                                 4

          Unaudited Condensed Statements of Operations for the three
          months ended March 31, 2003 and from inception on November 6,
          1996 through March 31, 2003                                       5

          Unaudited Condensed Statements of Cash Flows for the three
          months ended March 31, 2003, and from inception on November
          6, 1996 through March 31, 2003                                    6

          Notes to Unaudited Condensed Financial Statements                 7

          Item 2.  Management's Discussion and Analysis of Financial
          Condition or Plan of Operation                                   13

          Item 3.  Controls and procedures                                 15

PART II.  Other Information

          Item 6.  Exhibits and Reports on Form 8-K                        16

          Signatures                                                       16

          Certification                                                    17
</TABLE>

(Inapplicable  items  have  been  omitted)


                                        2
<PAGE>

                                     PART I.
                              FINANCIAL INFORMATION

Item  1.  Unaudited  Condensed  Financial  Statements

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.


                                        3
<PAGE>

<TABLE>
<CAPTION>


                      FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                       UNAUDITED CONDENSED BALANCE SHEETS

                                     ASSETS


                                                  March 31,     December 31,
                                                    2003            2002
                                                -------------  --------------
<S>                                             <C>            <C>
CURRENT ASSETS:
  Cash . . . . . . . . . . . . . . . . . . . .  $         72   $          72
                                                -------------  --------------
    Total Current Assets . . . . . . . . . . .            72              72

PROPERTY AND EQUIPMENT, net. . . . . . . . . .           524             611
                                                -------------  --------------

                                                $        596   $         683
                                                =============  ==============


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable . . . . . . . . . . . . . .  $     38,194   $      31,954
  Advance from a shareholder . . . . . . . . .           120             120
  Accrued taxes. . . . . . . . . . . . . . . .           595             551
                                                -------------  --------------
      Total Current Liabilities. . . . . . . .        38,909          32,625
                                                -------------  --------------

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,
    375,000 shares issued and
    outstanding. . . . . . . . . . . . . . . .           375             375
  Capital in excess of par value . . . . . . .        47,125          47,125
  Deficit accumulated during the
    development stage. . . . . . . . . . . . .       (85,813)        (79,442)
                                                -------------  --------------
    Total Stockholders' Equity (Deficit) . . .       (38,313)        (31,942)
                                                -------------  --------------
                                                $        596   $         683
                                                =============  ==============
</TABLE>

Note:  The  Balance  Sheet  of  December  31,  2002  was  taken from the audited
financial  statements  at  that  date  and  condensed.

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


                                        4
<PAGE>

<TABLE>
<CAPTION>


                     FREEDOM  RESOURCES  ENTERPRISES,  INC.
                          [A Development Stage Company]
                  UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                                    For  the  Three         From Inception
                                     Months  Ended          on November 6,
                                       March  31,           1996 Through
                              ----------------------------  March  31,
                                  2003           2002         2003
                              ------------  --------------  --------------
<S>                           <C>           <C>             <C>
REVENUE. . . . . . . . . . .  $         -   $           -   $      -
                              ------------  --------------  --------------

EXPENSES:
  Depreciation and
    amortization . . . . . .           87              87      3,650
  General and administrative        6,284              84     46,199
  Research and development .            -               -     15,674
  Impairment of long-lived
    assets . . . . . . . . .            -               -     21,285
                              ------------  --------------  --------------
    Total Expenses . . . . .        6,371             171     86,808
                              ------------  --------------  --------------

LOSS FROM OPERATIONS . . . .       (6,371)           (171)   (86,808)

OTHER INCOME:
  Interest income. . . . . .            0               0      1,216
                              ------------  --------------  --------------

LOSS BEFORE INCOME
  TAXES. . . . . . . . . . .       (6,371)           (171)   (85,592)

CURRENT TAX EXPENSE. . . . .            -               -          -

DEFERRED TAX EXPENSE . . . .            -               -          -
                              ------------  --------------  --------------

LOSS FROM CONTINUING
  OPERATIONS . . . . . . . .       (6,371)           (171)   (85,592)

CUMULATIVE EFFECT OF
  CHANGE IN ACCOUNTING
  PRINCIPLE. . . . . . . . .            -               -       (221)
                              ------------  --------------  --------------

NET LOSS . . . . . . . . . .  $    (6,371)  $        (171)  $(85,813)
                              ============  ==============  ==============

LOSS PER COMMON SHARE:
  Continuing operations. . .  $      (.02)  $        (.00)  $   (.25)
  Change in accounting
    principle. . . . . . . .            -               -       (.00)
                              ------------  --------------  --------------

    Loss per common
      share. . . . . . . . .  $      (.02)  $        (.00)  $   (.25)
                              ============  ==============  ==============
</TABLE>

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


                                        5
<PAGE>

<TABLE>
<CAPTION>


                            FREEDOM  RESOURCES  ENTERPRISES,  INC.
                                [A Development Stage Company]
                         UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS


                                                         For  the  Three           From Inception
                                                          Months  Ended            on November 6,
                                                             March  31,            1996  Through
                                                   -------------------------------  March  31,
                                                       2003             2002          2003
                                                   -------------  ----------------  -------------
<S>                                                <C>            <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss. . . . . . . . . . . . . . . . . . . .  $     (6,371)  $          (171)  $(85,813)
  Adjustments to reconcile net loss to net cash
    used by operations:
    Amortization expense. . . . . . . . . . . . .             -                 -      2,432
    Depreciation expense. . . . . . . . . . . . .            87                87      1,218
    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. . . . . . . .         6,240                60     38,194
      Increase in accrued taxes . . . . . . . . .            44                 -        595
                                                   -------------  ----------------  -------------
        Net Cash (Used) by Operating Activities .             -               (24)   (21,868)
                                                   -------------  ----------------  -------------

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)
  Advances from a shareholder . . . . . . . . . .             -                 -        120
                                                   -------------  ----------------  -------------
        Net Cash Provided by Financing Activities             -                 -     47,620
                                                   -------------  ----------------  -------------
NET INCREASE (DECREASE) IN CASH . . . . . . . . .             -               (24)        72

CASH AT BEGINNING OF PERIOD . . . . . . . . . . .            72               103          -
                                                   -------------  ----------------  -------------
CASH AT END OF PERIOD . . . . . . . . . . . . . .  $         72   $            79   $     72
                                                   =============  ================  =============

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

SUPPLEMENTAL  SCHEDULE  OF  NONCASH  INVESTING  AND  FINANCING  ACTIVITIES:
     For  the  three  months  ended  March  31,  2003:
          None

     For  the  three  months  ended  March  31,  2002:
          None


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


                                        6
<PAGE>

                       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  generated  any  revenues  from  its  planned  principal
     operations  and  is  considered  a  development stage company as defined in
     Statement  of  Financial Accounting Standards No. 7. The Company originally
     planned  to  research  and  publish  a  self-improvement  book based on the
     insights  and  understanding  of major world cultures. However, the Company
     never published the book but instead has used the materials gathered during
     its  research  to  develop  a  series  of  eight  self-help workshops. Each
     self-taught  workshop consists of an audio tape and a workbook. The Company
     intends  to  market  these workshops 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  March 31, 2003 and 2002 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  in the United States of America 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,  2002 audited financial statements. The results of
     operations  for  the  periods  ended  March  31,  2003  and  2002  are  not
     necessarily  indicative  of  the  operating  results  for  the  full  year.

     CASH  AND  CASH  EQUIVALENTS - 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.

     LONG-LIVED  ASSETS  -  The  Company  has  adopted  Statement  of  Financial
     Accounting Standards No. 144, "Accounting for the Impairment or Disposal of
     Long-Lived  Assets". The Company periodically reviews its long-lived assets
     for  impairment  whenever  events or changes in circumstances indicate that
     the  carrying  amount  of  an asset may not be recoverable. During the year
     ended  December  31, 2000, the Company recorded an impairment write-down of
     $21,285  of  manuscript  costs.

     INCOME  TAXES  -  The  Company accounts for income taxes in accordance with
     Statement  of Financial Accounting Standards No. 109 "Accounting for Income
     Taxes".  [See  Note  8].


                                        7
<PAGE>

                       FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  [CONTINUED]

     REVENUE  RECOGNITION  -  The Company has not yet generated any revenue. The
     Company  plans  to  recognize revenue when the product is delivered or when
     the  service is rendered. The Company will record revenues generated by the
     sale  of  items  that the Company produces or purchases as inventory on the
     gross  basis.  On  a  gross  basis,  the  entire sale amount is recorded as
     revenue.  The  Company  will  record revenue generated by the sale of items
     where  the Company only acts as an agent or when the Company has no risk of
     loss  on  the  net  basis.  The  Company  will  record revenue generated by
     Internet  sales  utilizing  third party websites on the net basis. On a net
     basis,  only  the  share of revenue belonging to the Company is recorded as
     revenue.

     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.

     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  No.  128
     "Earnings  Per  Share"  [See  Note  9].

     ACCOUNTING  ESTIMATES  -  The  preparation  of  financial  statements  in
     conformity  with  generally  accepted  accounting  principles in the United
     States  of  America  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.

     RECENTLY  ENACTED  ACCOUNTING STANDARDS - Statement of Financial Accounting
     Standards  ("SFAS")  No.  141,  "Business  Combinations",  SFAS  No.  142,
     "Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset
     Retirement  Obligations",  SFAS  No. 144, "Accounting for the Impairment or
     Disposal  of  Long-Lived  Assets",  SFAS  No.  145,  "Rescission  of  FASB
     Statements  No.  4,  44,  and  64,  Amendment of FASB Statement No. 13, and
     Technical Corrections", SFAS No. 146, "Accounting for Costs Associated with
     Exit  or  Disposal  Activities",  SFAS  No.  147,  "Acquisitions of Certain
     Financial Institutions - an Amendment of FASB Statements No. 72 and 144 and
     FASB  Interpretation  No. 9", and SFAS No. 148, "Accounting for Stock-Based
     Compensation  -  Transition and Disclosure - an Amendment of FASB Statement
     No.  123", were recently issued. SFAS No. 141, 142, 143, 144, 145, 146, 147
     and 148 have no current applicability to the Company or their effect on the
     financial  statements  would  not  have  been  significant.

     RECLASSIFICATION  - The financial statements for periods prior to March 31,
     2003  have been reclassified to conform to the headings and classifications
     used  in  the  March  31,  2003  financial  statements.


                                        8
<PAGE>

                       FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE  2  -  PROPERTY  AND  EQUIPMENT

     Property  and  equipment  consisted  of  the  following  at:


<TABLE>
<CAPTION>

                                    March 31,     December 31,
                                      2003            2002
                                  -------------  --------------
<S>                               <C>            <C>
  Office equipment . . . . . . .  $      1,742   $       1,742

  Less: Accumulated depreciation        (1,218)         (1,131)
                                  -------------  --------------
                                  $        524   $         611
                                  -------------  --------------
</TABLE>

     Depreciation expense for the three months ended March 31, 2003 and 2002 was
     $87  and  $87,  respectively.

NOTE  3  -  MANUSCRIPTS,  TRANSCRIPTS,  ETC.

     The  Company paid $19,250 and $7,500 during 2000 and 1999 to consultants to
     prepare  manuscripts which the Company had planned to publish as a book. In
     December  2000,  in  accordance  with  Statement  of  Financial  Accounting
     Standards No. 121, the Company recorded an impairment write-down of $21,285
     due  to  the  Company  not  generating any revenues from the manuscripts. A
     summary  of  manuscripts,  transcripts,  etc. consists of the following at:

<TABLE>
<CAPTION>

                                    March 31,     December 31,
                                      2003            2002
                                  -------------  --------------
<S>                               <C>            <C>
  Manuscripts, transcripts, etc.  $     23,650   $      23,650

  Less: Accumulated amortization        (2,365)         (2,365)
  Less: Loss on impairment . . .       (21,285)        (21,285)
                                  -------------  --------------
                                  $          -   $           -
                                  -------------  --------------
</TABLE>

     Amortization expense for the three months ended March 31, 2003 and 2002 was
     $0  and  $0,  respectively.

NOTE  4  -  CAPITAL  STOCK

     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 March 31, 2003 and December 31, 2002.

     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 (or
     $.01  per  share).


                                        9
<PAGE>

                       FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE  4  -  CAPITAL  STOCK  [CONTINUED]

     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). Stock offering costs
     of  $5,000  were  offset  against  the  proceeds.

     STOCK  OPTION  PLAN  - 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  consultant  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  March  31,  2003,  no  options  have  been  issued  under  the  Plan.

NOTE  5  -  RELATED  PARTY  TRANSACTIONS

     ADVANCE FROM A SHAREHOLDER - An officer/shareholder of the Company advanced
     $120  to  the  Company. The advance bears no interest and is due on demand.

     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.

     MARKETING  AGREEMENT  -  The  Company  has  a marketing agreement with Life
     Discovery  Institute,  an  organization  that  is owned and operated by the
     Company's  president  [See  Note  7].

NOTE  6  -  GOING  CONCERN

     The accompanying financial statements have been prepared in conformity with
     generally  accepted  accounting principles in the United States of America,
     which  contemplate continuation of the Company as a going concern. However,
     the  Company  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 in achieving profitable operations. The
     financial  statements do not include any adjustments that might result from
     the  outcome  of  these  uncertainties.


                                       10
<PAGE>

                       FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


NOTE  7  -  MARKETING  AGREEMENT

     From  August  1999 through October 2000, the Company invested approximately
     $15,674  towards  developing  a  website  to  market  its  products via the
     Internet.  Ultimately, the Company did not launch its website. Instead, the
     Company  assigned  its  interest in the website to Life Discovery Institute
     ("LDI"), an education and publishing organization operated by the Company's
     President.  On May 31, 2001, the Company entered into a five-year marketing
     agreement  with  LDI.  Under  the  agreement,  the Company assigned all its
     interest  and  investment  in developing the website to LDI which completed
     development  and  launched the website. In exchange for the Company's prior
     investment in the website, LDI allows the Company to market its products at
     no charge through the LDI website. This agreement will end on May 31, 2006.
     The  Company  currently  has  no  other  sources  of  distribution  for its
     workshops.

NOTE  8  -  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  March  31,  2003,  unused  operating loss
     carryforwards  of approximately $62,200 which may be applied against future
     taxable  income  and which expire in various years through 2023. 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 tax effect of
     the  loss  carryforwards  and,  therefore,  no  deferred tax asset has been
     recognized  for  the  loss  carryforwards.  The net deferred tax assets are
     approximately  $21,100  and  $19,000  as of March 31, 2003 and December 31,
     2002,  respectively,  with  an  offsetting  valuation allowance of the same
     amount,  resulting  in a change in the valuation allowance of approximately
     $2,100  during  the  three  months  ended  March  31,  2003.


                                       11
<PAGE>

                       FREEDOM RESOURCES ENTERPRISES, INC.
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE  9  -  LOSS  PER  SHARE

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

<TABLE>
<CAPTION>


                                         For  the  Three          From Inception
                                          Months  Ended           on November 6,
                                            March  31,            1996  Through
                                    ----------------------------  March  31,
                                        2003           2002         2003
                                    ------------  --------------  -------------
<S>                                 <C>           <C>             <C>
  Loss from operations available
  to common shareholders
  (numerator). . . . . . . . . . .  $    (6,371)  $        (171)  $(85,592)
                                    ------------  --------------  -------------
  Cumulative effect of change in
  accounting principle (numerator)  $         -   $           -   $   (221)
                                    ------------  --------------  -------------
  Weighted average number of
  common shares outstanding
  used in loss per share for the
  period (denominator) . . . . . .      375,000         375,000    344,013
                                    ------------  --------------  -------------
</TABLE>

     Dilutive  loss  per  share  was not presented, as the Company had no common
     stock  equivalent  shares  for  all periods presented that would affect the
     computation  of  diluted  loss  per  share.

NOTE  10  -  CUMULATIVE  EFFECT  OF  CHANGE  IN  ACCOUNTING  PRINCIPLE

     In  1996, the Company paid $288 in organization costs which reflect amounts
     expended to organize the Company. The Company was previously amortizing the
     costs,  but during 1998, in accordance with Statement of Position 98-5, the
     Company  expensed  the  remaining $221 in organization costs which has been
     accounted  for  as  a  change  in  accounting  principle.


                                       12
<PAGE>

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

FORWARD-LOOKING  STATEMENT  NOTICE

This  Form 10-QSB contains certain forward-looking statements within the meaning
of  the  Private Securities Litigation Reform Act of 1995.  For this purpose any
statements  contained  in this Form 10-QSB that are not statements of historical
fact  may  be  deemed  to  be  forward-looking statements.  Without limiting the
foregoing,  words  such  as  "may,"  "will,"  "expect," "believe," "anticipate,"
"estimate"  or  "continue"  or  comparable  terminology are intended to identify
forward-looking  statements.  These  statements  by  their  nature  involve
substantial  risks  and  uncertainties, and actual results may differ materially
depending  on  a  variety  of factors, many of which are not within our control.
These  factors  include but are not limited to economic conditions generally and
in  the  industries  in  which we may participate; competition within our chosen
industry,  including  competition  from  much  larger competitors; technological
advances  and  failure  to  successfully  develop  business  relationships.

DESCRIPTION  OF  BUSINESS.

Freedom  Resources Enterprises, Inc., was incorporated in the state of Nevada on
November  6,  1996  to research and publish a self-improvement book based on the
insights  and understandings of major world cultures.  The working title for the
proposed book was Personal Freedom and Prosperity.  We did not publish the book,
but  instead  used materials gathered during our research to develop a series of
eight  self-help  workshops.  Each self-taught workshop consists of an audiotape
and  a  workbook. The workshops are sold online under a marketing agreement with
Life  Discovery Institute, a related party that maintains a website dedicated to
self-improvement  products  and  education.  As  of  March 31, 2003, we have not
generated  any  revenue  and  have not made any sales either directly or via the
internet.

Our principal purpose is to sell our techniques in critical thinking, self-image
psychology,  and  self-motivation  to  help  people improve the quality of their
lives.  We  are  dedicated  to  the  discovery  and  implementation  of critical
insights  and  understandings that are intended to give people a clearer view of
themselves,  others,  and  the  world  in  which  they  live.

Our  research indicates that cultures either enter into prosperity, or fall into
decline, as a result of the fundamental views held by its citizenry.  We believe
these  fundamental views are the product of contributions from many disciplines.
While  some of these contributions help produce honest and clear thinking, other
contributions  produce  dishonesty  and confusion, leading to an eventual social
decline.  We believe that clear and thoughtful views are essential for a society
to  thrive.  Our  workshops  are intended to help people develop problem-solving
techniques  through  clear and honest thinking.  We hope that people who use our
workshops  will be able to secure personal freedom and prosperity and contribute
to  society.

OUR  PRODUCTS

Our  research  is  condensed into a series of eight self-taught workshops.  Each
workshop  consists  of  an  audiotape and a workbook directed toward improving a
particular  facet of an individual's quality of life or interaction with others.

     The  Company's  eight  workshops  are  titled:

     -    Provisional  vs.  Providential  Living:  This  workshop introduces our
          research  and  explains  our  philosophy.


                                       13
<PAGE>

     -    The  Reality-Based  Dream:  This  workshop  attempts to help people to
          distinguish between internal conflicts and external forces in business
          dealings  and  personal  relationships.

     -    Real  and  Assumed  Needs:  This  workshop is directed towards helping
          people  identify  and  prioritize  their  needs  and  desires.

     -    Real  Choice:  This workshop is intended to help people make decisions
          that  will  have  a  positive  impact  on their lives and the lives of
          others.

     -    Circumstances--  Friend or Foe: This workshop examines how people deal
          with  conflict  and  suggests  strategies  to achieve positive results
          under  negative  circumstances.

     -    Destiny  vs.  Fate: This workshop provides strategies intended to help
          people  exercise  greater  control  over  their  lives.

     -    Meaning  and  The  Dream:  This  workshop  is  intended to help people
          identify  what  is  truly  important  in  their  lives  and  suggests
          strategies  for  achieving  personal  goals.

     -    Never  Ending  Journey:  This  is  the  final  workshop in the series,
          summarizing  our  research  and  self-improvement  strategies.

OUR  CONTRACT  WITH  LIFE  DISCOVERY  INSTITUTE

On  May 31, 2001, we entered into an exclusive agreement with the Life Discovery
Institute,  an  education and publishing organization operated by our president,
to  sell our workshops through their website at www.ldi4u.com.  Our agreement is
                                                -------------
for  a  term  of five years and is currently the only source of distribution for
our workshops.  We may seek additional sources of distribution in the future but
we  have  no agreements or arrangements in place or pending at the present time.

COMPETITION

The  self-improvement  and  motivational  training  industry  in general is very
competitive,  with  several  major companies involved.  We face competition from
large,  well-established  companies  with  considerably  greater  financial,
marketing,  sales  and  technical  resources  than  those  available  to  us.
Additionally,  many  of  our present and potential competitors have research and
development  capabilities  that  may  allow  such competitors to develop new and
improved  products  that  may  compete  with  our  products.

Our  direct competitors utilize much of the same philosophy for self-improvement
and  motivation, and use the same or similar medium for marketing their products
and  services.  We expect to encounter substantial competition in our efforts to
promote  sell  market  our  products.

THREE  MONTH  PERIODS  ENDED  MARCH  31,  2003  AND  2002

We  have  not  generated  any  revenues  since  inception  and  have  realized a
cumulative  net  loss of $85,813 from inception through March 31, 2003.  For the
three  months ending March 31, 2003 net loss was $6,371 compared to $171 for the
same  period  in  2002.  Expenses  during the three months ended March 31, 2003,
consisted  of  $6,284  in  general  and  administrative  expense  and  $87  in
depreciation  and  amortization.  Expenses  during the comparable period in 2002


                                       14
<PAGE>

consisted  of  $87  in  depreciation  and  amortization  and  $84 in general and
administrative  expenses.  Higher  general  and  administrative expenses in 2003
were  the  result  of professional fees associated with preparing and filing our
public  reports.

As  of  March  31, 2003 our total assets were $596 consisting of $72 in cash and
$524  in  property  and  equipment.  Total current liabilities at March 31, 2003
were  $38,909 consisting of $38,194 in accounts payable, $120 in an advance from
a  shareholder  and  $595  in  accrued  taxes.

LIQUIDITY  AND  CAPITAL  RESOURCES

At  March  31,  2003  we  had  $72 cash and have not generated any revenues.  We
expect that we will eventually generate revenues through our marketing agreement
with  LDI  although we cannot assure this.  Since inception, we have focused our
attention  on the research and development of our workshops and the LDI website.
In  the  coming  months  we  will  turn  our attention to actively promoting our
products  and  attracting  potential  customers  to  the  LDI website.  Possible
strategies  include  developing links with online search engines and news groups
and  exploring  cross-promotions  with  other  websites  dedicated  to
self-improvement.  If  these  efforts  are  unsuccessful,  we  may  explore
supplementary  means  of  marketing  our workshops.  However, we are not seeking
additional  sources  of  marketing  or  distribution  at  the  present  time.

We  estimate that general and administrative expenses for the next twelve months
will be approximately $10,000 to $15,000.  At March 31, 2003 we also had current
liabilities  of $38,909.  As a result, we will need to generate up to $55,000 to
pay  our  debts  and  meet our ongoing financial needs.  Since inception we have
primarily financed our operations through the sale of common stock.  In order to
raise  the  necessary  capital  to  continue  operations, we may sell additional
stock,  arrange  debt  financing  or  seek  advances  from  our  officers  or
shareholders.  We  do  not  have  any  commitments  for  financing.

ITEM  3.  CONTROLS  AND  PROCEDURES

Within  the  90-day  period  prior  to the date of this report, we evaluated the
effectiveness  and  operation of our disclosure controls and procedures pursuant
to  Rule  13a-14  of  the  Securities  Exchange  Act  of  1934.  Based  on  that
evaluation,  our  Chief  Executive  Officer  and  Chief  Financial  Officer have
concluded that our disclosure controls and procedures are effective.  There have
been  no  significant  changes  in internal controls or other factors that could
significantly affect internal controls subsequent to the date we carried out our
evaluation.


                                       15
<PAGE>

                           PART II.  OTHER INFORMATION

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

Reports  on  Form  8-K:  Freedom  Resources did not file any reports on Form 8-K
during  the  period  covered  by  this  report.

<TABLE>
<CAPTION>

Exhibits:

EXHIBIT NUMBER  TITLE                                                              LOCATION
<C>             <S>                                                                <C>

          99.1  Certification of Chief Executive Officer and Chief Financial. . .  Attached
                Officer pursuant to section 302 of the Sarbanes-Oxley Act of 2002

          99.2  Certification of Chief Executive Officer and Chief Financial. . .  Attached
                Officer pursuant to section 906 of the Sarbanes-Oxley Act of 2002
</TABLE>

                                   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:  May  13,  2003                    /s/Neil  Christiansen
                                         -------------------------
                                         Neil  Christiansen
                                         Chief  Executive  Officer
                                         Chief  Financial  Officer


                                       16
<PAGE>