SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended                                   Commission File Number
-------------------                                 ----------------------
March 31, 1999                                            33-28188


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


                 Colorado                              84-1116458
         ------------------------                      --------------------
         (State of incorporation)                      (I.R.S. Employer
                                                       Identification No.)

                7535 E. Hampden Ave., Ste. 600, Denver, CO 80231
             -------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

            Registrant's telephone number, including area code: None


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days.

                               Yes  X       No
                                   ---          ---
Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                          9,736,695 as of June 29, 1999


<PAGE>

<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)


                                  BALANCE SHEET
                                   (unaudited)

                                                                       March 31,                 December 31,
                                                                       1999                      1998

<S>                                                                           <C>                              <C>
Current Assets:
Cash and cash equivalents                                                            $0                             $0
Prepaid expenses                                                                   $540                             $0
Total current assets                                                               $540                             $0

                                                               ------------------------ ------------------------------
TOTAL ASSETS                                                                       $540                             $0
                                                               ======================== ==============================
              LIABILITIES AND STOCKHOLDERS' EQUITY
                                                               ======================== ==============================
Current liabilities:
Accounts payable                                                                $22,977                        $21,642
Accounts payable, related parties                                               $34,940                        $28,323
                                                               ------------------------ ------------------------------
Total current liabilities                                                        57,917                         49,965
                                                               ------------------------ ------------------------------

Stockholder's equity:
Common stock, $0.0001 stated                                                    118,730                        188,730
value  Authorized  100,000,000
shares Issued and outstanding
9,736,695  shares

Preferred stock, no par value,
100,000,000 shares authorized, no
shares outstanding

Contributed capital                                                              25,442                         25,442

Retained Earnings (deficit)                                                   (201,549)                      (194,137)
                                                               ------------------------ ------------------------------
Total Stockholders' equity                                                    $(57,377)                      $(49,965)
                                                               ------------------------ ------------------------------

TOTAL LIABILITIES & STOCKHOLDERS'                                                  $540                             $0
EQUITY
                                                               ======================== ==============================

</TABLE>

The accompanying notes are an integral part of the financial statements.

                                       F-1


<PAGE>

<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)


                             STATEMENT OF OPERATIONS
                                   (unaudited)



                                                                Three Months                               Three Months
                                                            Ending March 31,                           Ending March 31,
                                                                        1999                                       1998
                                         -----------------------------------       ------------------------------------
<S>                                                                <C>                                        <C>
Revenue & interest                                                        $0                                         $0
Professional fees                                                      1,335                                          0
Expenses, general                                                      1,237                                    $15,464
and administrative
Rent & Office                                                          3,753                                          -
                                         -----------------------------------       ------------------------------------
Travel                                                                 1,087
                                         ===================================       ====================================
Net income (loss)                                                    (7,412)                                    $15,464
for period
                                         ===================================       ====================================
Net income (loss)                                                       $(-)                                      $(.01
per share
                                         ===================================       ====================================
Weighted average                                                   9,736,695                                  1,683,818
number of common
shares


</TABLE>


    The accompanying notes are an integral part of the financial statements.
                                       F-2


<PAGE>


<TABLE>
<CAPTION>

                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)


                             STATEMENT OF CASH FLOWS
                                   (unaudited)


                                                                 Three Months                          Three Months
                                                                       Ending                                Ending
                                                                    March 31,                             March 31,
                                                                         1999                                  1998
                                                        --------------------------            --------------------------
<S>                                                                   <C>                                 <C>
Cash flows from
operating activities:
Net income (loss)                                                     (7,412)                             ($15,464)

Adjustments to
reconcile net income
(loss) to net cash
provided (used) by
operating activities:
Amortization                                                               $0                                    $0
Rent                                                                       $0                                    $0
Changes in:
Prepaid expenses                                                        ($540)                                    $0
Accounts payable                                                       $1,335                               $15,464
Accounts payable -                                                     $6,617                                    $0
related parties

                                                        --------------------------            --------------------------
Cash provided (used) by                                                    $0                                  $212
operating activities
                                                        ==========================            ==========================

Cash at beginning of                                                       $0                                  $212
period
                                                        ==========================            ==========================

Cash at end of period                                                      $0                                    $0
                                                        ==========================            ==========================


</TABLE>


    The accompanying notes are an integral part of the financial statements.
                                       F-3


<PAGE>



                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 1999
                             (Stated in US Dollars)
                             (unaudited-See Note 1)


Note 1            Interim Reporting

These  financial  statements  have not been  audited or  reviewed  and have been
prepared  on  a  compilation  basis  only.  Readers  are  cautioned  that  these
statements  may not be appropriate  for their  purposes.  While the  information
presented  in the  accompanying  interim  three month  financial  statements  is
unaudited,  it includes all adjustments  which are in the opinion of management,
necessary to present  fairly the financial  position,  result of operations  and
changes in cash flows for the interim  period  presented.  It is suggested  that
these  financial  statements be read in  conjunction  with the December 31, 1998
audited financial statements and notes thereto.

Note 2        Nature and Continuance of Operations

The company is in the development  stage and is devoting its efforts to locating
merger candidates.

These  financial  statements  have been prepared on a going concern  basis.  The
company has accumulated a deficit of ($201,549) since inception.  Its ability to
continue  as a going  concern is  dependent  upon the  ability of the company to
generate  profitable  operations  in the future  and/or to obtain the  necessary
financing to meet its obligations and repay its liabilities  arising from normal
business operations when they come due.

The company was incorporated in Colorado on February 28, 1989.

Note 3        Summary of Significant Accounting Policies

The financial  statements  of the company have been prepared in accordance  with
generally accepted accounting principles in the United States. Because a precise
determination  of many assets and  liabilities  is dependent upon future events,
the preparation of financial  statements for a period  necessarily  involves the
use of estimates  which have been made using careful  judgement.  Actual results
could differ from those estimates.

The financial statements have, in management's  opinion,  been properly prepared
within  reasonable  limits  of  materiality  and  within  the  framework  of the
significant accounting policies summarized below:

Development Stage Company

The company is a development  stage company as defined in Statement of Financial
Accounting Standards  No. 7.  The company is devoting  substantially  all of its

<PAGE>



                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 1999
                             (Stated in US Dollars)
                             (unaudited-See Note 1)


present  efforts to acquire a new  business  and none of its  planned  principal
operations  have  commenced.  All losses  accumulated  since inception have been
considered as part of the company's development stage activities.

Income Taxes

The company uses the liability method of accounting for income taxes pursuant to
Statement of Financial  Accounting  Standards,  No. 109  "Accounting  for Income
Taxes."

Loss Per Share

Loss per share  figures have been  calculated  based upon the  weighted  average
number of shares outstanding during the years.

Fair Value of Financial Instruments

The  carrying  value  of  cash,  accounts  payable  and due to  related  parties
approximates fair value because of the short maturity of these instruments.

Note 4        Capital Stock - Note 4


i)   Preferred Stock
  a)     Authorized:
         100,000,000, $0.01 par value

  b)     Issued:
         None issued

ii)      Common stock
  a)     Authorized:
         1,000,000,000, no par value
                                                       #                 #
  b)     Issued:                                      1998             1997
                                                      ----             ----
         Balance, December 31, 1998 and 1997       9,736,695        2,116,895
                                              =================== ==============

iii) On October 22, 1997, the company  completed a reverse split on a one common
     share for 300 common shares  basis.  All common share transactions prior to
     the split have been restated to reflect this split.


<PAGE>



ITEM 2.       MANAGEMENTS  DISCUSSION AND  ANALYSIS OF  FINANCIAL CONDITION  AND
RESULTS OF OPERATIONS


RESULTS OF OPERATIONS

The Company has  experienced  expenses  for the three month  period of $7,412 in
1999 and $15,464 in 1998.  The Company had no revenues for the period in 1999 or
1998.  The  Company  had a net loss of (7,412)  for the period in 1999 and a net
loss of  ($15,464)  in the same period 1998.  The Company  losses will  continue
until income can be achieved.  While the company is seeking  capital sources for
investment; there is no assurance that sources can be found.

LIQUIDITY AND CAPITAL RESOURCES

The  Company  had no cash  capital at the end of the  period and no assets.  The
Company will be forced to either  borrow or make private  placements of stock in
order to fund operations. No assurance exists as to the ability to achieve loans
or make private placements of stock.


                           PART II - OTHER INFORMATION

ITEM 1.       LEGAL PROCEEDINGS

              None

ITEM 2.       CHANGES IN SECURITIES

              None

ITEM 3.       DEFAULT UPON SENIOR SECURITIES

              None

ITEM 4.       SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

              None

ITEM 5.       OTHER INFORMATION

              None

ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K

          No reports on Form 8-K were made for the period for which this  report
is filed.


<PAGE>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                                      THE OHIO AND SOUTHWESTERN ENERGY COMPANY



Date: July 29, 1999                   /s/ Ralph Shearing
                                      ------------------------------------------
                                            Ralph Shearing, President