SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10 QSB
(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
ACT OF 1934
For the quarterly period ended: September 30, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the transition period from ______________ to _____________
Commission file number: 2 41703

                           CASSCO CAPITAL CORPORATION
                           --------------------------
        (Exact name of small business issuer as specified in its charter)

            Delaware                                   43 1594165
            --------                                   ----------
(State or other jurisdiction of         (I.R.S. employer  identification number)
incorporation or organization)

1999 Broadway, Ste. 3250, Denver, Colorado               80202
------------------------------------------               -----
 (Address of principal executive offices)              (Zip Code)

Issuer's telephone number, including area code: (303) 292 2992

Indicate by check mark whether the issuer (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 such  filing
requirements for 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: As of September 30, 1999, there
were approximately 16,817,005 shares outstanding.

<PAGE>
<TABLE>
<CAPTION>


I. PART I FINANCIAL INFORMATION

Item 1. Financial Statements
                                                                 September 30,  December 31,
                                                                      1999        1998
                                                                      ----        ----
                                                                  (Unaudited)   (Audited)
ASSETS

Current Assets:
<S>                                                                <C>          <C>
     Cash                                                               --      $    --
                                                                   ---------    ---------
     Total Current Assets                                               --      $    --
                                                                   ---------    ---------
          Total Assets                                             $    --      $    --
                                                                   =========    =========


LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
     Accounts payable                                              $ 134,181    $    --
                                                                   ---------    ---------
          Total Current Liabilities                                  134,181    $    --
                                                                   ---------    ---------
Shareholders' Equity (Deficit)
       Common Stock, $.00333 par value, 75,000,000
             shares authorized, 16,817,505 outstanding                75,981       75,981
       Additional paid in capital                                    100,552      100,552
Retained earnings (deficit)                                         (310,714)    (176,533)
                                                                   ---------    ---------
     Total Shareholders' Equity (Deficit)                               --           --
                                                                   ---------    ---------
            Total Liabilities and Shareholders' Equity (Deficit)   $    --           --
                                                                   =========    =========

</TABLE>
<PAGE>


                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)

                            STATEMENTS OF OPERATIONS

                                                 Nine months ended September 30,
                                                     1999              1998
                                                     ----              ----

Total Income                                            --               --
                                                   ---------        ---------
General and administrative expenses:                 134,181           19,113
                                                   ---------        ---------
           Total Expenses                            134,181           19,113
                                                   ---------        ---------
Other income and expenses:
     Forgiveness of debt                                --               --
     Gain on stock recession                            --               --
     Interest expense                                   --               --
                                                   ---------        ---------
                                                        --               --

           Net income (loss)                       $(134,181)       $ (19,113)
                                                   =========        =========

<PAGE>


                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)

                            STATEMENTS OF CASH FLOWS

                                                  Nine months ended September 30
                                                        1999         1998
                                                        ----         ----
Cash (used) by operating activities:
   Net income (loss)                                 $    --     $       --

Adjustments to reconcile net gain (loss) to
    net cash provided by operating activities:            --             --

Net Cash Flows (used) by
   operating activities                                   --             --

Increase (decrease) in Cash                               --             --

Cash at Beginning of the Period                           --             --
                                                     ---------   ------------
Cash at End of the Period                                 --             --

                                                     $    --     $       --
                                                     =========   ============


<PAGE>

                           CASSCO CAPITAL CORPORATION
                          (a development stage company)

                          Notes to Financial Statements
                               September 30, 1999
                                   (Unaudited)

In the opinion of management,  all adjustments  (consisting of normal  recurring
adjustments)  considered  necessary  for a fair  presentation  of the  financial
condition of registrant have been included,  and the disclosures are adequate to
make the information presented not misleading.

Note 1. A summary of significant  accounting  policies is currently on file with
the U.S. Securities and Exchange Commission.

Note 2. The loss per share was  computed  by dividing  net loss by the  weighted
average number of shares of common stock outstanding during the period.

Note 3. Registrant has not declared or paid dividends on its common shares since
inception.

Note 4. The  accompanying  unaudited  condensed  financial  statements have been
prepared in accordance  with the  instructions to Form 10 QSB and do not include
all  information  and  footnotes  required  by  generally  accepted   accounting
principles for complete financial statements.

Note 5. Income taxes have not been provided for in that registrant has not had a
tax liability from inception  through the date of this report,  due to operating
losses.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Results of  Operations:  Cassco  Capital  Corp.  (Company) was  incorporated  as
Anthony Kane Incorporated under the laws of the State of Delaware on February 5,
1969, and became subject to the reporting  provisions of the Securities Exchange
Act of 1934 on June 11, 1969, when a registration statement filed by the Company
was declared effective by the U.S. Securities and Exchange Commission.

The name of the Company was changed to  Maid-Rite  Ventures,  Inc.,  on April 8,
1985,  and to Grandee  Corporation  on  September  23,  1985,  on which date the
Company also increased its authorized  shares of common stock from 25,000,000 to
75,000,000,  concurrently  effecting a decrease in par value per share from $.01
to $.00333.

In July, 1992, the Company entered into an agreement with K C Jakes BBQ & Grill,
Inc., for the purpose of acquiring KC Jakes as a subsidiary.  This agreement was
set aside by a court of competent  jurisdiction in 1994, as previously  reported
by the Company in a filing  under the  Securities  Exchange  Act of 1934 on Form
8-K.

On January 10, 1995, the Company entered into an agreement with Epsitek, Inc., a
Delaware  corporation  to acquire two  subsidiaries  of Epsitek as  wholly-owned
subsidiaries of the Company.  In conjunction with the  acquisition,  the Company
issued  6,000,000  shares of common stock to Epsitek,  which also  appointed new
directors and took control of the Company.  Subsequently,  Epsitek was unable to
complete the conditions imposed for and at closing. The acquisition,  therefore,
did not occur and the shares  issued in  connection  with the  acquisition  were
returned to treasury and the board  members of the Company  appointed by Epsitek
resigned.

The  Company  is  now  engaged  in the  process  of  locating  a  merger  and/or
acquisition candidate.

The Company, during the period covered by this report, engaged an auditor and an
attorney  for the purpose of  preparing  and filing all  delinquent  reports and
returns with the  Securities and Exchange  Commission  and the Internal  Revenue
Service.  This was accomplished  during July, 1999. A substantial portion of the
accounts  payable  and of the  expenses  for the period  covered by this  report
related to these services.


<PAGE>


The  Company,  on July 14,  1999,  entered  into  contracts  with  two  separate
individuals for the purpose of increasing the public's awareness of the Company.
These  individuals have been actively  engaged in preparing a corporate  profile
and introducing  the Company to a variety of contacts  within the industry.  The
contracts  are  for  a two  year  period  and  each  provide  for  monthly  cash
compensation of $5,000.  The  consultants  may, if they choose to do so, convert
their compensation to shares of the common stock of the Company.  Neither of the
consultants had elected to exercise their options as of the date of this report.
A substantial portion of the accounts payable and of the expenses for the period
covered by this report related to these services.

The Company,  subsequent to the period  covered by this report,  elected to move
forward in changing its domicile to Nevada and reverse splitting its outstanding
shares of common stock on a one for 100 (1:100)  basis.  Management  anticipates
that this will be  accomplished  immediately  subsequent  to the  filing of this
report.

The Company has had recurring  losses from operations  since inception and had a
net capital deficiency at year end, each of which raise substantial doubts about
the  ability of the Company to continue  as a going  concern.  Accordingly,  the
auditors'  report and opinion  included in this  report  contain an  explanatory
paragraph about these uncertainties.

The Company, as a result of the cessation of its business and the failure of its
proposed  acquisitions,  had no operations  during the year; thus, no meaningful
comparison can be made to prior years.

Liquidity  and Capital  Resources:  The Company,  from  inception  has relied on
capital  infusions  from  executive  officers and  directors  and on credit from
vendors.

<PAGE>


PART II   OTHER INFORMATION

Item 1. Litigation

No material  legal  proceedings to which the Company (or any officer or director
of the Company, or any affiliate or owner of record or beneficially of more than
five percent of the Common Stock,  to  management's  knowledge) is a party or to
which the  property of the  Company is subject is pending  and no such  material
proceeding is known by management of the Company to be contemplated.

Item 2. Change in Securities

This item is not  applicable  to the  Company  for the  period  covered  by this
report.

Item 3. Defaults Upon Senior Securities

This item is not  applicable  to the  Company  for the  period  covered  by this
report.

Item 4. Submission of Matters to a Vote of Security Holders

There were no  meetings of security  holders  during the period  covered by this
report; thus, this item is not applicable.

Item 5. Other Information

There is no additional information which the Company is electing to report under
this item at this time.

Item 6. Exhibits and Reports on Form S K

No reports on Form 8 KSB were filed by the Company  during the period covered by
this report.

<PAGE>


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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 this 28th day of October,
1999.

CASSCO CAPITAL CORPORATION
(Registrant)


By: /s/ Richard Gregory
-----------------------
Richard Gregory, President and
Chief Executive Officer


By: /s/ Richard Gregory
-----------------------
Richard Gregory, Chief Financial
and Accounting Officer and
Treasurer