UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, DC 20549

                              Amendment 2 to

                                  10-QSB

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



FOR QUARTER ENDED  October 31, 2001     COMMISSION FILE NO. 0-8512
                  ------------------                      --------


                         MONARCH SERVICES, INC.
------------------------------------------------------------------
 (Exact name of small business issuer as specified in its charter)


          Maryland                           52-1073628
---------------------------------  ------------------------------
 (State or other jurisdiction of  (IRS EmployerIdentification No.)
        incorporation)


     4517 Harford Road, Baltimore, Maryland               21214
------------------------------------------------       ----------
    (Address of principal executive offices)           (Zip Code)


Issuer's telephone number, including area code       410-254-9200
                                                    -------------

                              Not applicable
-----------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last
report.

Check 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 past
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 [   ]

As of October 31, 2001, the number of shares outstanding of the issuer's
common stock was 1,619,820 shares.

Transitional Small Business Issue Format (check one):

                              YES [   ]      NO [ X ]






<TABLE>

PART I.  FINANCIAL INFORMATION

ITEM I.  FINANCIAL STATEMENTS

                    MONARCH SERVICES, INC. AND SUBSIDIARY
           CONSOLIDATED STATEMENT OF FINANCIAL CONDITION (UNAUDITED)
<CAPTION>
                                                October 31, 2001
                                               ------------------
                                                 (000's Omitted)
<S>                                                  <C>
ASSETS
CURRENT ASSETS
   Cash and cash equivalents                         $  237
   Certificates of deposit                            5,475
   Accounts receivable, net                             357
   Marketable securities available
       for sale                                          33
                                                      -----
                                                      6,102
  Prepaid expenses                                      104
  Income taxes receivable                                95
                                                      -----
           TOTAL CURRENT ASSETS                       6,301

PROPERTY AND EQUIPMENT
   Machinery, equipment, furniture and fixtures         568
   Buildings and leasehold improvements                 356
   Accumulated depreciation                            (556)
                                                      -----
                                                        368
   Construction in progress                             118
   Investment in Girls' Life Plantation               1,992
                                                      -----
           TOTAL PROPERTY AND EQUIPMENT               2,478
                                                      -----
INTANGIBLE ASSETS, NET                                   27
                                                      -----
                                                     $8,806
                                                      -----
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable                                  $  247
   Accrued expenses                                      87
   Deferred subscription revenues                     1,457
                                                     ------
           TOTAL CURRENT LIABILITIES                  1,791
                                                     ------
DEFERRED INCOME TAXES                                   241
                                                     ------

STOCKHOLDERS' EQUITY
   Common Stock - par value $.001 per share:
      Authorized - 10,000,000 shares;
      shares outstanding 1,619,820                        2
   Capital surplus                                    3,781
   Retained earnings                                  3,000
   Accumulated other comprehensive income (loss)         (9)
                                                     ------
             TOTAL STOCKHOLDERS' EQUITY               6,774
                                                      -----
                                                     $8,806
                                                      -----
<FN>
<F1>
See notes to Consolidated Financial Statements.
</FN>
<PAGE>
</TABLE>
<TABLE>
                     MONARCH SERVICES, INC. AND SUBSIDIARY
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
<CAPTION>
                                      Three Months Ended  Six Months Ended
                                          October 31,       October 31,
                                      ------------------  ----------------

                                          2001     2000     2001     2000
                                          ----     ----     ----     ----

                                     (000's omitted, except per share data)

<S>                                     <C>      <C>      <C>      <C>
Net Sales - publishing                  $ 1,439  $ 1,543  $ 2,179  $ 2,284
Cost of goods sold - publishing             946    1,259    1,460    1,867
                                        ------------------------------------
Gross profit                                493      284      719      417
                                        ------------------------------------
Selling, general and
   administrative expenses                  469      305      989      577
                                        ------------------------------------
Income (loss) before other income
      and income taxes                       24      (21)    (270)    (160)

Other income:
    Investment and interest income           77      135      192      251
    Other                                     1       24        2       24
                                        ------------------------------------
                                             78      159      194      275
                                        ------------------------------------
Income (loss) before income taxes           102      138      (76)     115

Income expense (benefit)                     40       53       (8)      45
                                        ------------------------------------
Net income (loss)                            62       85      (68)      70
                                        ====================================

Net earnings (loss) per common
     share-basic and diluted          $     .04      .05     (.04)     .04
                                      ---------------------------------------
Weighted average number of
     shares outstanding - basic       1,619,820 1,619,820 1,619,820 1,619,820
                                      ---------------------------------------
Weighted average number of shares
     outstanding - diluted            1,619,820 1,619,820 1,619,820 1,619,820
                                      ---------------------------------------
<FN>
See Notes to Consolidated Financial Statements.
</TABLE>
<PAGE>
<TABLE>
               MONARCH SERVICES, INC. AND SUBSIDIARY
          CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
<CAPTION>
                                                Six Months Ended
                                                  October  31,
                                              -------------------
                                               2001         2000
                                              -----         ----
                                                (000's Omitted)

<S>                                         <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Income                                   $  (68)  $     70
  Adjustments to reconcile net (loss)          ------    ------
     income to net cash used by
     operating activities:
     Depreciation and amortization                50         35
     Increase/decrease in operating
       assets and liabilities:
       Accounts receivable, income
       taxes receivable, other assets,
       accounts payable, accrued
       expenses, and deferred
       subscription revenue                     (182)      (113)
                                               ------    ------
Total cash used by operating activities         (200)      (  8)
                                               ------    ------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property and equipment,
     intangible assets and improvements       (2,217)       (73)
  Maturity/redemption of certificates
     of deposit                                1,532          0
                                               ------     ------
    Total cash used by investing activities     (685)       (73)
                                               ------     ------
NET DECREASE IN CASH AND CASH
    EQUIVALENTS                                 (885)       (81)
CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                          1,122      8,422
                                               ------     ------
CASH AND CASH EQUIVALENTS
  END OF PERIOD                              $   237    $ 8,341
                                              =======    =======
<FN>
<F1>
See Notes to Consolidated Financial Statements.
</FN>
</TABLE>

                 MONARCH SERVICES, INC. AND SUBSIDIARY
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE A - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements
include Monarch Services, Inc. and its wholly-owned active
subsidiaries, Girls' Life, Inc., Girls Life.com, Creampuffs, Inc.
and Broken Windows, Inc. (collectively referred to herein as the
"Company"). The unaudited consolidated financial statements have
been prepared in accordance with the instructions to Form 10-QSB
and do not include all of the information and disclosures required
by accounting principles generally accepted in the United States
for complete financial statements.  Certain reclassifications have
been made to amounts previously reported to conform with the
classifications made in 2002. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  All material
intercompany balances between Monarch and its subsidiary have been
eliminated in consolidation.  Operating results for the three months
and six months ended October 31, 2001 are not necessarily indicative
of the results that may be expected for the year ending April 30,
2002.  For further information, reference should be made to the
financial statements and notes included in the Company's annual
report on Form 10-KSB for the fiscal year ended April 30, 2001.

Girls' Life magazine subscriptions are sold through traditional
sources such as direct-mail solicitation, insert cards and via
subscription agents.  The magazine is also sold on newsstands and
subscriptions can be obtained or renewed through the internet on
the Girls' Life website.  Newsstand copies are distributed
nationally by Ingram Periodicals Inc., International Periodical
Distributors, Retail Vision and Worldwide Media Service, Inc.
Newsstand copies are distributed nationally and internationally by
Warner Publisher Services.

The basic domestic price of a one year Girls' Life subscription is
$17.85.  The suggested retail price of a single issue of Girls'
Life in the United States at the newsstand is $2.95.

The average total distribution per issue during fiscal year 2001
was as set forth in the following table.

Distribution Channel           Number of Magazines Distributed
--------------------           -------------------------------

         Newsstand Sales                         57,150

         Subscription Sales                     260,000
                                               ---------
            Total Paid Circulation              317,150


         Complementary Copies                     1,000



The following table sets forth the average number of subscriptions
geographically sold per issue, internationally and domestically
during fiscal year 2001.

Geographic Distribution         Number of Magazines Distributed
-----------------------         -------------------------------

         United States                          256,000

         International                            4,000




NOTE B - ACCOUNTS RECEIVABLE

Accounts receivable consist of the following at October 31, 2001.


Accounts Receivable-Publishing         $ 407,321

Less:
  Allowance for doubtful accounts        (50,000)
                                       ----------
                                       $ 357,321
                                       ==========



ITEM II             MONARCH SERVICES, INC. AND SUBSIDIARY

                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS

For purposes of this discussion references to fiscal 2002 are to the
fiscal year ending April 30, 2002, and references to fiscal 2001 are
to the fiscal year ended April 30, 2001.


CERTAIN CAUTIONARY INFORMATION

In connection with the Private Securities Litigation Reform Act of 1995 (the
"Litigation Reform Act"), the Company is hereby disclosing certain cautionary
information to be used in connection with written materials (including this
Report on Form 10-QSB) and oral statements made by or on behalf of its
employees and representatives that may contain forward-looking statements
within the meaning of the Litigation Reform Act.  Such statements consist of
any statement other than a recitation of historical fact and can be identified
by the use of forward-looking terminology such as may, expect, anticipate,
estimate or continue or the negative thereof or other variations thereon or
comparable terminology.  The listener or reader is cautioned that all forward
-looking statements are necessarily speculative and there are numerous risks
and uncertainties that could cause actual events or results to differ
materially from those referred to in such forward-looking statements.  The
discussion contained in the Company's Annual Report on Form 10-KSB for the year
ended April 30, 2001 and incorporated herein by reference highlights some of
the more important risks identified by management, but should not be assumed to
be the only factors that could affect future performance.  Included in these
risks is the Company's new business lines, history of losses, its fluctuations
in operating results, competition and other risks set forth herein  and in the
Company's annual report on Form 10KSB for the year ended April 30, 2001 and in
other reports filed by the Company. The reader or listener is cautioned that
the Company does not have a policy of updating or revising forward-looking
statements and thus he or she should not assume that silence by management
over time means that actual events are bearing out as estimated in such
forward-looking statements.


RESULTS OF OPERATIONS

Monarch Services, Inc. has one operating subsidiary, Girls' Life, Inc., that
publishes a magazine.


RESULTS FOR THE SECOND QUARTER OF FISCAL YEAR 2002 AND 2001

The revenues of Girls' Life, Inc. are seasonal in nature.  Girls' Life magazine
is published six times per year.  The Company's typical publication schedule
usually results in the accrual of revenues for one issue in the first and third
quarters of the fiscal year and the accrual of revenues for two issues in the
second and fourth quarters of the fiscal year.  The publication schedule is
subject to revision without notice.

Sales of Girls' Life decreased $104,000 or 6.7% in the second quarter of fiscal
2002 from the second quarter of fiscal 2001.  The net decrease in sales relates
primarily to a decrease in subscription and newsstand revenue as partially
offset by an increase in other income, including Advertising revenue.

Cost of goods sold, as a percent of sales was 66% in the second quarter of
fiscal 2002 compared to 82% in the second quarter of fiscal 2001.  The overall
decrease in the second quarter of fiscal 2002 as compared to the second
quarter of fiscal 2001 was primarily attributable to a reduction in salary
expense, manuscript expense and shipping expense. In an attempt to reduce the
overall costs associated with the "Girls' Life Living" facility, certain
employees within the organization have been reassigned to assist with the
project.  The salary costs of employees who have devoted a significant portion
of their time to the oversight, design and improvement of the "Girls' Life
Living" facility have been capitalized.  During the second fiscal quarter of
2002, a total of $53,000 in salary, materials and outside vendor costs have
been capitalized as part of the facilities cost.

During fiscal 2001, management began exploring the feasibility of publishing
"Adam", a magazine for young men between the ages of 21 and 34.  Management
has decided to proceed with the magazine. The timing of the inaugural issue
is dependent on many factors, many of which are not in management's
control but the first issue of "Adam" magazine is expected to be on the
newsstands in January 2002.  "Adam" magazine had no sales during the second
quarter of fiscal 2002 while approximately $30,000 of start-up costs have
been incurred. Approximately $156,000 start-up costs have been incurred
for "Adam" to date. Girls' Life Living had no sales during the second quarter
of fiscal 2002 while approximately $26,000 of start-up costs has been incurred.
Approximately $89,000 start-up costs have been incurred and expensed for
Girls' Life Living to date.  Girls' Live Living is expected to be operational
during the third quarter of fiscal 2002.

During the first fiscal quarter of 2002, the Company purchased three
adjoining parcels of real estate located in Baltimore County, Maryland
for $1.99 million in cash. The acquisition included a 350-seat fine dining
restaurant and bar with a liquor license. a 6,000 square foot house and
14.74 acres with a horse stable zoned for residential development. Management
is considering various uses for the property including formal and family
dining and entertainment.  Development will likely involve the "Girls' Life"
brand name, however no decisions on these or other options have been made.
During the second fiscal quarter of 2002, approxmiately $7,000 in costs
associated with this property have been expensed and there were no costs,
in addition to the acquisition price, that were capitalized.  Approximately
$8,000 start-up costs have been incurred and expensed to date.  The
restaurant is currently in the design and renovation stage.

During the second quarter of fiscal 2002, the Company purchased the assets
of a tobacco and coffee shop located in Baltimore County, Maryland. The new
business will be trading as "Adam Leaf and Bean" under the corporation Broken
Windows, Inc.  Adam Leaf and Bean did not engage in any operations for the
second quarter of fiscal 2002 but is expected to start doing business in the
third quarter of fiscal 2002. Approximately $3,000 start-up costs have been
incurred and expensed during the second quarter of fiscal 2002.

Selling, general and administrative expenses as a percentage of sales were 33%
for the second quarter of fiscal 2002 and 20% for the second quarter of fiscal
2001.  The increase in fiscal 2002 was due to increased promotional and other
costs associated with "Adam" magazine, the Girls Life Living food court, Adam
Leaf and Bean and other overhead costs.  Overhead costs included increased
promotional and advertising expense of $102,000, increased rent of $18,000 as
a result of additional space for Girls' Life Living, increased insurance of
$17,000, increased travel and entertainment of $5,000 and increased salaries
and fringe benefits due to additional employees and salary increases for
Adam and Girls' Life Living and general and administrative employees.

Other income decreased $81,000 in the second quarter of fiscal 2002 compared
to the second quarter of fiscal 2001.  The decrease was primarily due to the
decrease in interest income in the amount of $58,000 partially due to a lower
interest rate environment and a decrease in miscellaneous income of $23,000.


RESULTS FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2002 AND 2001


Sales of Girls' Life decreased $105,000 or 4.6% during the six months of
fiscal 2002 from the six months of fiscal 2001.  The net decrease in sales
relates primarily to a decrease in subscription, advertising and newsstand
sales.

Cost of goods sold as a percent of sales was 67% during the six months of
fiscal 2002 compared to 82% for the six months of fiscal 2001. The overall
decrease in the first six months of fiscal 2002 as compared to the first
six months of fiscal 2001 was primarily attributable to a reduction in salary
expense, manuscript expense and shipping expense. In an attempt to reduce
the overall costs associated with the "Girls' Life Living" facility, certain
employees within the organization have been reassigned to assist with the
project.  The salary cost of employees who have devoted a significant portion
of their time to the oversight, design and improvement of the "Girls' Life
Living" facility have been capitalized. During the six months of fiscal 2002,
a total of $118,000 in salary, materials and outside vendor costs have been
capitalized as part of the facilities cost.

During the six months of fiscal 2002, the Company purchased three
adjoining parcels of real estate located in Baltimore County, Maryland
for $1.99 million in cash. The acquisition included a 350-seat fine dining
restaurant and bar with a liquor license. a 6,000 square foot house and
14.74 acres with a horse stable zoned for residential development. Management
is considering various uses for the property including formal and family
dining and entertainment. Development will likely involve the "Girls' Life"
brand name, however no decisions on these or other options have been made.
During the second fiscal quarter of 2002, approxmiately $9,000 in costs
associated with this property have been expensed to date and there were
no costs, in addition to the acquisition price, that were capitalized.

During the second quarter of fiscal 2002, the Company purchased a tobacco
and coffee shop located in Baltimore County which will be trading as "Adam
Leaf and Bean" under Broken Windows, Inc. Maryland.  Adam Leaf and Bean did
not engage in any operations for the first six months of fiscal 2002 but
is expected to begin doing business in the third quarter of fiscal 2002.
Approximately $3,000 start-up costs have been incurred and expensed
for Adam Leaf and Bean to date.

Selling, general and administrative expenses as a percentage of sales were
45% for the six months of fiscal 2002 and 25% for the six months of fiscal
2001.  The increase in fiscal 2002 was due to increased promotional and other
costs associated with "Adam" magazine, the "Girls Life Living" food court and
other overhead costs.  Overhead costs included increased rent of $34,000
resulting from the additional space associated with "Girls' Life Living,
increased insurance of $17,000, increased depreciation expense of $17,000,
increased professional fees of $16,000, increased travel and entertainment
of $18,000 and increased salaries and fringe benefits due to additional
employees and salary increases for Adam and Girls' Life Living and general
and administrative employees.

Other income decreased $81,000 during the six months of fiscal 2002 compared
to the six months of fiscal 2001.  The decrease was due primarily to the
decrease in interest income of $58,000 and a decrease in miscellaneous
income of $23,000.

A current income tax benefit has been recognized to the extent the Company
has available income tax carryback claims.  As of July 31, 2001, these
carryback claims have been exhausted.  Future income tax benefits, if any,
may be dependent upon the Company's ability to generate taxable income.


LIQUIDITY AND CAPITAL RESOURCES


At October 31, 2001, the Company has cash and cash equivalents of
approximately $237,000 a decrease of $885,000 from the amount at
April 30, 2001. The decrease resulted primarily from cash used in
operations of $200,000 and the purchase of equipment, intangible
assets and improvements. The Company's cash and cash equivalents
are subject to variation based upon the timing of receipts and the
payment of payables.

The Company has $5,475,000 in certificates of deposit with maturities
ranging from one to three months.

At October 31, 2001, the Company has no debt with third party lenders.




In accordance with the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.




Date   December 16, 2002           /s/   Jackson Y. Dott
       -----------------           -------------------------------
                                   Chief Executive Officer



Date   December 16, 2002           /s/    Marshall Chadwell
       -----------------           -------------------------------
                                   Marshall Chadwell, Controller
                                   Chief Financial Officer
                                   (Principal Accounting and
                                        Financial Officer)










9