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  June  30,  2002

     [   ]     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            (IRS Employer Identification No.)
     of 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 June 30, 2002:  375,000 shares of common stock, par value $0.001.

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


<PAGE>

<TABLE>
<CAPTION>

                                  FORM 10-QSB
                      FREEDOM RESOURCES ENTERPRISES, INC.

                                      INDEX

                                                                           Page
PART I.                        Financial Information

<S>       <C>                                                              <C>
          Item I.  Financial Statements (unaudited)                           3

          Unaudited Condensed Balance Sheets - June 30, 2002 and
          December 31, 2001                                                   4

          Unaudited Condensed Statements of Operations for the three and
          six months Ended June 30, 2002 and 2001, and from inception on
          November 6, 1996 through June 30, 2002                              5

          Unaudited Condensed Statements of Cash Flows for the six
          months ended June 30, 2002 and 2001, and from inception on
          November 6, 1996 through June 30, 2002                              6

          Notes to Unaudited Condensed Financial Statements                   7

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

PART II.  Other Information

          Item 6.  Exhibits and Reports on Form 8-K                          15

          Signatures                                                         16
</TABLE>

(Inapplicable  items  have  been  omitted)


                                        2
<PAGE>

                                     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.


                                        3
<PAGE>

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

<TABLE>
<CAPTION>

                         UNAUDITED CONDENSED BALANCE SHEETS

                                     ASSETS

                                                  June  30,     December  31,
                                                     2002            2001
                                               --------------  --------------
<S>                                             <C>             <C>
CURRENT ASSETS:
  Cash . . . . . . . . . . . . . . . . . . . .  $          72   $        103
                                               --------------  --------------
    Total Current Assets . . . . . . . . . . .             72            103

PROPERTY AND EQUIPMENT, net. . . . . . . . . .            785            958
                                               --------------  --------------
                                                $         857   $      1,061
                                               ==============  ==============


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable . . . . . . . . . . . . . .  $      19,175   $     18,962
  Advance from a shareholder . . . . . . . . .            120            120
                                               --------------  --------------
      Total Current Liabilities. . . . . . . .         19,295         19,082
                                               --------------  --------------

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. . . . . . . . . . . . .        (65,938)       (65,521)
                                               --------------  --------------
    Total Stockholders' Equity (Deficit) . . .        (18,438)       (18,021)
                                               --------------  --------------
                                                $         857   $      1,061
                                               ==============  ==============
</TABLE>

Note:  The  Balance  Sheet  of  December  31,  2001  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>

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

<TABLE>
<CAPTION>

                                    UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                                    For  the  Three                  For  the  Six           From  Inception
                                      Months  Ended                  Months  Ended           on  November 6,
                                        June  30,                      June  30,             1996  Through
                              ----------------------------  ------------------------------     June 30,
                                  2002           2001           2002            2001             2002
                              -------------  -------------  -------------  ---------------  -------------
<S>                           <C>            <C>            <C>            <C>              <C>

REVENUE. . . . . . . . . . .  $          -   $          -   $          -   $            -   $      -
                              -------------  -------------  -------------  ---------------  -----------
EXPENSES:
  Depreciation and
    amortization . . . . . .            86             86            173              173      3,322
  General and administrative           160             44            244               68     26,651
  Research and development .             -              -              -                -     15,674
  Impairment of long-lived
    assets . . . . . . . . .             -              -              -                -     21,285
                              -------------  -------------  -------------  ---------------  -----------
    Total Expenses . . . . .           246            130            417              241     66,932
                              -------------  -------------  -------------  ---------------  -----------

LOSS FROM OPERATIONS . . . .          (246)          (130)          (417)            (241)   (66,932)

OTHER INCOME:
  Interest income. . . . . .             0              0              0                0      1,215
                              -------------  -------------  -------------  ---------------  -----------
LOSS BEFORE INCOME
  TAXES. . . . . . . . . . .          (246)          (130)          (417)            (241)   (65,717)

CURRENT TAX EXPENSE. . . . .             -              -              -                -          -

DEFERRED TAX EXPENSE . . . .             -              -              -                -          -
                              -------------  -------------  -------------  ---------------  -----------
LOSS FROM CONTINUING
  OPERATIONS . . . . . . . .          (246)          (130)          (417)            (241)   (65,717)

CUMULATIVE EFFECT OF
  CHANGE IN ACCOUNTING
  PRINCIPLE. . . . . . . . .             -              -              -                -       (221)
                              -------------  -------------  -------------  ---------------  -----------
NET LOSS . . . . . . . . . .  $       (246)  $       (130)  $       (417)  $         (241)  $(65,938)
                              =============  =============  =============  ===============  ===========

LOSS PER COMMON SHARE:
  Continuing operations. . .  $       (.00)  $       (.00)  $       (.00)  $         (.00)  $   (.19)
  Change in accounting
    principle. . . . . . . .             -              -              -                -       (.00)
                              -------------  -------------  -------------  ---------------  -----------
    Loss per common
      share. . . . . . . . .  $       (.00)  $       (.00)  $       (.00)  $         (.00)  $   (.19)
                              =============  =============  =============  ===============  ===========
</TABLE>

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


                                        5
<PAGE>

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

<TABLE>
<CAPTION>

                         UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

                                                            For  the  Six            From  Inception
                                                            Months  Ended            on  November  6,
                                                              June  30,               1996  Through
                                                    -------------------------------     June  30,
                                                        2002             2001             2002
                                                    -------------  ----------------  --------------
<S>                                                 <C>            <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss . . . . . . . . . . . . . . . . . . . .  $       (417)  $          (241)  $(65,938)
  Adjustments to reconcile net loss to net cash
    used by operations:
    Amortization expense . . . . . . . . . . . . .             -                 -      2,432
    Depreciation expense . . . . . . . . . . . . .           173               173        957
    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 . . . . . . . .           213                 -     19,175
                                                    -------------  ----------------  --------------
        Net Cash (Used) by Operating Activities. .           (31)              (68)   (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. . . . . . . . . .           (31)              (68)        72

CASH AT BEGINNING OF PERIOD. . . . . . . . . . . .           103                88          -
                                                    -------------  ----------------  --------------
CASH AT END OF PERIOD. . . . . . . . . . . . . . .  $         72   $            20   $     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  six  months  ended  June  30,  2002:
          None

     For  the  six  months  ended  June  30,  2001:
          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  June  30, 2002 and 2001 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,  2001 audited financial statements. The results of
     operations for the periods ended June 30, 2002 and 2001 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.


                                        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 from 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 from 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.
     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
     No.  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.

     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].

     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  8].

     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", and SFAS No. 146, "Accounting for Costs Associated
     with Exit or Disposal Activities", were recently issued. SFAS No. 141, 142,
     143, 144, 145 and 146 have no current applicability to the Company or their
     effect  on  the  financial  statements  would  not  have  been significant.


                                        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>

                                     June  30,   December  31,
                                      2002         2001
                                  -------------  -------------
<S>                               <C>            <C>
  Office equipment . . . . . . .  $      1,742   $1,742

  Less: Accumulated depreciation          (957)    (784)
                                  -------------  -------------
                                  $        785   $  958
                                  =============  =============
</TABLE>

Depreciation  expense  for  the six months ended June 30, 2002 and 2001 was $173
and  $173,  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>

                                    June  30,     December  31,
                                      2002         2001
                                  -------------  ----------
<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 six months ended June 30, 2002 and 2001 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 June 30, 2002 and December 31, 2001.

     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  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
     June  30,  2002,  no  options  have  been  issued  under  the  Plan.

NOTE  5  -  RELATED  PARTY  TRANSACTIONS

     PAYABLE TO RELATED PARTY - An officer of the Company advanced $288 to cover
     the  organization  costs  of  the  Company.  The  advance was repaid during
     December  2000.

     ADVANCES  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  6]

NOTE  6  -  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 who 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.


                                       10
<PAGE>

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

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

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  June  30,  2002  unused  operating  loss
     carryforwards  of approximately $65,900 which may be applied against future
     taxable  income  and which expire in various years through 2022. 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  $19,400  and  $19,300  as  of June 30, 2002 and December 31,
     2001,  respectively,  with  an  offsetting  valuation allowance of the same
     amount,  resulting  in a change in the valuation allowance of approximately
     $100  during  the  six  months  ended  June  30,  2002.

NOTE  8  -  LOSS  PER  SHARE

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

<TABLE>
<CAPTION>

                                    For  the  Three               For  the  Six         From  Inception
                                     Months  Ended                Months  Ended         on  November  6,
                                       June  30,                    June  30,           1996  Through
                              --------------------------  ----------------------------     June  30,
                                  2002          2001          2002           2001            2002
                              ------------  ------------  ------------  --------------  -------------
<S>                           <C>           <C>           <C>           <C>             <C>

  Loss from continuing
  operations available to
  common shareholders
  (numerator). . . . . . . .  $      (246)  $      (130)  $      (417)  $        (241)  $(65,717)
                              ------------  ------------  ------------  --------------  -------------
  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       375,000         375,000    339,896
                              ============  ============  =============  =============  =============
</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.


                                       11
<PAGE>

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

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


NOTE  9  -  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.

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.

                                     PART I

ITEM  1.  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 June 30,
2002,  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:


                                       13
<PAGE>

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

     -    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  AND  SIX  MONTH  PERIODS  ENDED  JUNE  30,  2002  AND  2001

     We  have  not  generated  any  revenues  since  inception and have realized
cumulative  net  loss  of  $65,938  through  June 30, 2002. For the three months
ending  June  30, 2002 net loss was $246 compared to $130 for the same period in
2001.  Expenses were $246 for the three months ending June 30, 2002, compared to


                                       14
<PAGE>

$130 for the same period in 2001. For the six months ending June 30, 2002, total
expenses  were  $417  resulting in a net loss of $417. For the six months ending
June  30,  2001,  total  expenses  were  $241  resulting  in  net  loss of $241.

     As  of June 30, 2002, we had total assets of $857 consisting of $72 in cash
and  $785 in property and equipment.  Total current liabilities at June 30, 2002
were  $19,295  consisting  of $19,175 in accounts payable and $120 in an advance
from  a  shareholder.

LIQUIDITY  AND  CAPITAL  RESOURCES

     At  June  30, 2002 we had $72 cash and have not generated any revenues.  We
expect  that  we  will  eventually  generate  revenues  through  the sale of our
workshops  on the LDI website although we cannot assure this.  We intend to seek
supplementary  means  of marketing our workshops, however, we have no additional
marketing  or  distribution  agreements  in  place  at  the  present  time.

     We  anticipate  that our expenses will increase over the next twelve months
due  to  accounting  and  legal fees incurred as the result of being a reporting
company, as a result, we will not be able to meet our cash needs.  We anticipate
that  we  will  rely  on  advances and loans from our officers, directors and/or
shareholders  to  continue  operations  for  the  next  twelve  months.

     Since  inception we have primarily financed our operations through the sale
of  common stock.  In order to raise the necessary capital to cover expenses and
continue  marketing  our  workshops,  we may sell additional stock, arrange debt
financing  or  seek  other  avenues  of  raising  capital.  We  do  not have any
commitments  for  financing.


                           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  June  30,  2002.

<TABLE>
<CAPTION>

Exhibits:

EXHIBIT NUMBER  TITLE                                     LOCATION
<C>             <S>                                       <C>
          99.1  Certification of Chief Executive Officer  Attached

          99.2  Certification of Chief Financial Officer  Attached
</TABLE>


                                       15
<PAGE>

                                   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:  October  23,  2002        /s/Neil  Christiansen
                                 -----------------------
                                 Neil Christiansen
                                 CEO  and  Chief  Financial  Officer


                                       16
<PAGE>