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
June 30, 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 30, 1999



<PAGE>

<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                                  BALANCE SHEET
                       June 30, 1999 and December 31, 1998
                            (Unaudited - See Note 1)

                                                                June 30,                   December 31,
                                                                  1999                         1998
                                                             ----------------            -----------------

                                  ASSETS
<S>                                                               <C>                           <C>
              Current Assets:
              Cash and cash equivalents                                  $ -                          $ -

              Prepaid expenses                                         $ 343                          $ -

              Total current assets                                     $ 343                          $ -
                                                             ================            =================
              TOTAL ASSETS                                             $ 343                          $ -
                                                             ================            =================

                           LIABILITIES AND STOCKHOLDERS' EQUITY

              Current liabilities:
              Accounts Payable                                      $ 24,407                     $ 21,642
              Accounts payable, related parties                     $ 52,435                     $ 28,323

                                                             ----------------            -----------------
              Total current liabilities                             $ 76,842                     $ 49,965
                                                             ----------------            -----------------

              Stockholder's equity:

              Common stock, $0.0001 stated                         $ 118,730                    $ 118,730
              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)                         $ (220,670)                  $ (194,137)

                                                             ----------------            -----------------
              Total Stockholders' equity                           $ (76,498)                   $ (49,965)
                                                             ----------------            -----------------

              TOTAL LIABILITIES &
              STOCKHOLDERS' EQUITY                                     $ 343                          $ -
                                                             ================            =================


</TABLE>

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



<PAGE>

<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                       STATEMENT OF OPERATIONS AND DEFICIT
             for the six months period ended June 30, 1999 and 1998
           and February 28, 1989 (Date of Inception) to June 30, 1999
                             (Stated in US Dollars)
                            (Unaudited - See Note 1)

                                                                                                       Cumulative
                                                                                                      from February
                                                                                                     28, 1989 (Date
                                                                    Six Months Ending               of Inception) to
                                                                June 30,           June 30,             June 30,
                                                                  1999              1998                  1999
                                                                  -----             -----                 ----
<S>                                                               <C>                <C>             <C>
              Revenue & Interest                                           -                 -                      -

              Expenses
                 Accounting and audit fees                             1,189                 -                  5,688
                 Amortization                                              -                 -                    750
                 Consulting fees                                           -                 -                  6,200
                 Filing fees                                               -                 -                    300
                 General and administrative expenses                   2,559             4,395                 83,065
                 Legal fees                                           13,460                 -                 46,550
                 Management fees                                           -             7,000                  7,000
                 Rent                                                  3,418                 -                  6,304
                 Telephone expense                                     2,061                 -                  4,512
                 Transfer agent fees                                   1,343                 -                  2,701
                 Travel and promotion                                  2,504                 -                  3,949

                                                            -----------------  ----------------     ------------------
              Loss before the following:                             (26,533)          (11,395)              (167,019)
                 Unauthorized distribution                                 -                 -                (69,116)
                 Gain on settlement of debt                                -            15,464                 15,464

                                                            -----------------  ----------------     ------------------

              Net Profit (Loss) for the period                       (26,533)            4,069       $      (220,671)

              Deficit, beginning of year                           ($194,137)        ($141,829)

              Deficit, end of period                              $ (220,670)       $ (137,760)
                                                            ===================================

              Net loss per share                                           0                 0

              Weighted average number of common
                 shares outstanding                                9,736,695         9,116,695
                                                            =================  ================


</TABLE>


<PAGE>


<TABLE>
<CAPTION>


                                              THE OHIO & SOUTHWESTERN ENERGY COMPANY
                                                   (A Development Stage Company)
                                                STATEMENT OF OPERATIONS AND DEFICIT
                                           for the quarter ended June 30, 1999 and 1998
                                                      (Stated in US Dollars)
                                                     (Unaudited - See Note 1)





                                                            Three Months Ending
                                                                June 30,           June 30,
                                                                  1999              1998
                                                                  -----             ----
<S>                                                                <C>               <C>
              Revenue & Interest                                           -                 -

              Expenses
                 Accounting and audit fees                               481                 -
                 Amortization                                              -                 -
                 Consulting fees                                           -                 -
                 Filing fees                                               -                 -
                 General and administrative expenses                   1,322                 -
                 Legal fees                                           13,460                 -
                 Management fees                                           -             7,000
                 Rent                                                  1,660                 -
                 Telephone expense                                        66                 -
                 Transfer agent fees                                     716                 -
                 Travel and promotion                                  1,417                 -

                                                            -----------------  ----------------
              Loss before the following:                             (19,121)           (7,000)
                 Unauthorized distribution                                 -                 -
                 Gain on settlement of debt                                -            15,464

                                                            -----------------  ----------------

              Net Profit (Loss) for the period                       (19,122)            8,464

              Net loss per share                                         $ -               $ -
                                                            -----------------  ----------------

              Weighted average number of common
                 shares outstanding                                9,736,695         9,116,695
                                                            =================  ================

</TABLE>


<PAGE>

<TABLE>
<CAPTION>


                                    THE OHIO & SOUTHWESTERN ENERGY COMPANY
                                         (A Development Stage Company)
                                            STATEMENT OF CASH FLOWS
                                for the six months ended June 30, 1999 and 1998
                          and February 28, 1989 (Date of Inception) to June 30, 1999
                                            (Stated in US Dollars)
                                           (Unaudited - See Note 1)
                                                                                                 Cumulative
                                                                                                from February
                                                                                                  28, 1989
                                                                                              (Date of Incept-
                                                               Six Months ended                   tion) to
                                                        June 30,             June 30,             June 30,
                                                          1999                 1998                 1999
                                                          -----                -----                ----
<S>                                                          <C>                   <C>                 <C>
Cash flow from
operating activities:
Net income (loss)                                            (19,122)                4,069             (220,671)

Adjustments to reconcile net income (loss)
 to net cash provided (used) by operating
activities:
   Amortization                                                                                             750
   Consulting fees                                                                                        6,200
   Gain on settlement of debt                                                      (15,464)             (15,464)
   Management fees                                                                   7,000                7,000
Changes in non-cash items:
   Prepaid expenses                                              197                                       (343)
   Accounts Payable                                            1,430                 4,395               41,371
   Due to related party                                       17,495                                     52,435

                                                    -----------------    ------------------   ------------------
Cash provided (used) by
   operating activities                                       19,122                (4,069)            (128,722)
Cash flows used in investing activity
   Organization costs                                              -                     -                 (750)

                                                    =================    ==================   ==================

Net cash used in investing activity                                -                   $ -                 (750)
                                                    =================    ==================   ==================
Cash flows from financing activities:
   Proceeds from issuance of common stock                          -                     -              131,300
   Payment of offering costs                                       -                     -              (27,270)
   Contributed capital                                             -                     -               25,442

                                                    -----------------    ------------------   ------------------
Net cash provided by financing activities                          -                     -              129,472

                                                    =================    ==================   ==================

Cash beginning of period                                           -                   212                    -
                                                    -----------------    ---------------------------------------

Cash, end of period                                              $ -                 $ 212                  $ -
                                                    =================    =======================================


</TABLE>


<PAGE>


<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
            (DEFICIT) for the period from February 28, 1989 (Date of
                           Inception) to June 30, 1999
                             (Stated in US Dollars)
                            (Unaudited - See Note 1)

                                                                                      Deficit
                                                                                    Accumulated
                                                                                    During the
                                              Common Stock          Contributed     Development
                                         Shares    Amount             Capital          Stage            Total
                                        -------    ------             -------          -----            -----
<S>                                        <C>             <C>               <C>        <C>              <C>
Balance, February 28, 1989                      -             $ -            $ -        $ -                    $ -
   Issuance of stock to insiders
   on March 7, 1989 - at $0.30
   per share                               33,347          10,000              -                -           10,000
                                        ---------- --------------- -------------- ---------------- ----------------

Balance, December 31, 1989                 33,347          10,000              -                -           10,000
   Issuance of stock during
   public offering for $3.00 per
   share, net of offering costs
   of $27,270                              33,348          72,730                                           72,730
   Net loss                                     -               -              -         (84,159)          (84,159)
                                        ---------- --------------- -------------- ---------------- ----------------

Balance, December 31, 1990                 66,695          82,730              -          (84,159)          (1,429)
   Net Loss                                     -               -              -           (3,416)          (3,416)
                                        ---------- --------------- -------------- ---------------- ----------------

Balance, December 31, 1991                 66,695          82,730              -          (87,575)          (4,845)
   Net Loss                                     -               -              -           (2,713)          (2,713)
                                        ---------- --------------- -------------- ---------------- ----------------

Balance, December 31, 1992                 66,695          82,730              -          (90,288)          (7,558)
   Net Loss                                     -               -                          (1,614)          (1,614)
                                        -------------------------- -------------- ---------------- ----------------

Balance, December 31, 1993                 66,695          82,730              -          (91,902)          (9,172)
   Net Loss                                                     -              -           (1,863)          (1,863)
                                        -------------------------- -------------- ---------------- ----------------

Balance, December 31, 1994                 66,695        $ 82,730            $ -        $ (93,765)       $ (11,035)



</TABLE>

                                                                .... /Continued


<PAGE>

<TABLE>
<CAPTION>


                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
            (DEFICIT) for the period from February 28, 1989 (Date of
                           Inception) to June 30, 1999
                             (Stated in US Dollars)
                            (Unaudited - See Note 1)

                                                                                         Deficit
                                                                                       Accumulated
                                                                                        During the
                                             Common Stock             Contributed      Development
                                       Shares          Amount           Capital           Stage             Total
                                       ------          ------           -------           -----             -----
<S>                                     <C>              <C>               <C>             <C>               <C>
Balance, December 31, 1994                 66,695           82,730                -           (93,765)         (11,035)
   Issuance of stock for
   services rendered - at $0.03
   per share                               50,000            1,500                -                 -            1,500
   Contributed capital                          -                -           24,842                 -           24,842
   Net loss                                     -                -                -           (16,735)         (16,735)
                                    -------------- ---------------- ---------------- ----------------- ----------------

Balance, December 31, 1995                116,695           84,230           24,842          (110,500)          (1,428)
   Net loss                                     -                -                -            (9,068)          (9,068)
                                    -------------- ---------------- ---------------- ----------------- ----------------

Balance, December 31, 1996                116,695           84,230           24,842          (119,568)         (10,496)
   Issuance of stock for cash
   - $0.011 per share                   2,000,000           21,300                -                 -           21,300
   Contributed capital                          -                               600                 -              600
   Net loss                                     -                -                -           (22,261)         (22,261)
                                    -------------- ---------------- ---------------- ----------------- ----------------

Balance, December 31, 1997              2,116,695          105,530           25,442          (141,829)         (10,857)
   Issuance of stock for
   services rendered
   - at $0.001 per share                7,000,000            7,000                -                 -            7,000
   - at $0.01 per share                   620,000            6,200                -                 -            6,200
   Net loss                                     -                -                -           (52,308)         (52,308)
                                    -------------- ---------------- ---------------------------------- ----------------

Balance, December 31, 1998              9,736,695          118,730           25,442          (194,137)         (49,965)
   Net loss                                     -                -                -            (7,412)          (7,412)
                                    -------------- ---------------- ---------------- ----------------- ----------------

Balance, June 30, 1999                  9,736,695        $ 118,730         $ 25,442        $ (201,549)       $ (57,377)
                                    ============== ================ ================ ================= ================


</TABLE>


<PAGE>

                     THE OHIO & SOUTHWESTERN ENERGY COMPANY
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 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  six  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 ($220,670) 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.


<PAGE>


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
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 -

         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


<PAGE>


              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 FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1999
------------------------------------------------------------------

The Company has  experienced  expenses of $26,533 for the six month period ended
June 30, 1999  compared to $11,395 for the same period in 1998.  The Company had
no  revenues  for the  period  in 1999 or 1998.  The  Company  had a net loss of
($26,533)  for the period in 1999 and a net loss of ($11,395) in the same period
1998. The Company losses will continue  until  adequate  business  income can be
achieved.  While the  company is seeking  capital  sources  for  investment  and
business; there is no assurance that such can be found.


RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 1999
---------------------------------------------------------

The  Company  had no  revenues  in the  second  quarter  period  in 1999 nor any
revenues in the same period in 1998. The Company incurred expenses of $19,122 in
the quarter in 1999 as  compared  to $7,000 in  expenses in the same  quarter in
1998. The Company had a net operations  loss of ($19,122) in the quarter in 1999
and a net operations loss of ($7,000) in the same quarter,  in 1998. The Company
anticipates  that the losses will continue for the foreseeable  future until the
Company develops or acquires business which generates  sufficient revenues to at
least cover expenses.  Of course,  there is no assurance that such an event will
occur.

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


<PAGE>


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 & SOUTHWESTERN ENERGY COMPANY

Date:  8/13/99
       -------                    /s/ Ralph Shearing
                                  ---------------------------------------
                                  Ralph Shearing, President