| (Mark      One)                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                     |
| [X]   QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934                   |
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| For      the quarterly period ended: September 30,      2008                                                                             |
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| Or                                                                                                                                       |
|                                                                                                                                     |
| [   ]   TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
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| For      the transition period from ____________ to_____________                                                                         |
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| Commission      File Number: 333-153826                                                                                                  |
|                                                                                                                                     |
| FASHION      NET, INC.                                                                                                                   |
| (Exact      name of registrant as specified in its charter)                                                                              |
|                                                                                                                                     |
| Nevada                                                                                                                                   | 26-0685980 |
| (State      or other jurisdiction of incorporation or organization)                                                                      | (I.R.S.      Employer Identification No.) |
|                                                                                                                                     |   |
| 11088 Arcadia Sunrise Drive, Henderson,      Nevada                                                                                      | 89052 |
| (Address      of principal executive offices)                                                                                            | (Zip      Code) |
|                                                                                                                                     |   |
| (702) 524-1091                                                                                                                           |
| (Registrant's      telephone number, including area code)                                                                                |
|                                                                                                                                     |
|                                                                                                                                     |
| (Former      name, former address and former fiscal year, if changed since last      report)                                             |
|                                                                                                                                     |

| Large      accelerated filer  [   ]                                                                         | Accelerated      filer                   [   ] |
|--------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated      filer    [   ]  (Do      not check if a smaller reporting company) | Smaller      reporting company  [X]                                                                                                                |

| Common      Stock, $0.001 par value | 10,710,000      shares                     |
|-------------------------------------|--------------------------------------------|
| (Class)                             | (Outstanding      as at November 14, 2008) |

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|                                                                                                     | Page   |
|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                     |   |
| PART      I – FINANCIAL INFORMATION                                                                | 3      |
|      Unaudited      Financial Statements                                        | 3      |
|           Condensed      Balance Sheets                | 4      |
|           Condensed      Statements of Operations      | 5      |
|           Condensed      Statements of Cash Flows      | 6      |
|           Notes      to Condensed Financial Statements | 7      |
|      Management's      Discussion and Analysis and Results of Operation         | 9      |
|      Controls      and Procedures                                               | 12     |
| PART      II – OTHER INFORMATION                                                                   | 13     |
|      Unregistered      Sales of Equity Securities                               | 13     |
|      Exhibits      and Reports on Form 8-K                                      | 13     |
| SIGNATURES                                                                                               | 14     |

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PART

Unaudited

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Condensed

|                                                                                             |   | September      30, |    |   | December      31, |   |
|--------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                             |   | 2008               |    |   | 2007              |   |
|                                                                                             |   | (Unaudited)        |    |   | (Audited)         |   |
| Assets                                                                                           |   |               |    |   |              |   |
|                                                                                             |   |               |    |   |              |   |
| Current      assets:                                                                             |   |               |    |   |              |   |
|    Cash                                                                           |   | $                  | 4,821   |   |              | $      | 200 |   |
|                                                                                             |   |               |    |   |              |   |   |   |
|                                                                                             |   | $                  | 4,821   |   |              | $      | 200 |   |
|                                                                                             |   |               |    |   |              |   |   |   |
| Liabilities      and Stockholders’ Equity                                                  |   |               |    |   |              |   |   |   |
|                                                                                             |   |               |    |   |              |   |   |   |
| Current      liabilities:                                                                        |   |               |    |   |              |   |   |   |
|    Accounts      payable and accruals                                             |   | $                  | 460     |   |              | $      | 460 |   |
|       Total      current liabilities                               |   |               | 460     |   |              |   | 460 |   |
|                                                                                             |   |               |    |   |              |   |   |   |
| Stockholders’      equity                                                                  |   |               |    |   |              |   |   |   |
|    Common      stock, $0.001 par value, 75,000,000 shares                         |   |               |    |   |              |   |   |   |
|       authorized,      10,170,000  and 10,000,000 shares |   |               |    |   |              |   |   |   |
|       issued      and outstanding as of 9/30/08 and 12/31/07       |   |               | 10,170  |   |              |   | 10,000 |   |
|    Additional      paid-in capital                                                |   |               | 13,209  |   |              |   | 3,119 |   |
|    (Deficit)      accumulated during development stage                            |   |               | (19,018 | )      |              |   | (13,379 | ) |
|                                                                                             |   |               | 4,361   |   |              |   | (260 | ) |
|                                                                                             |   |               |    |   |              |   |   |   |
|                                                                                             |   | $                  | 4,821   |   |              | $      | 200 |   |

----

Condensed 

|                                                                             |   | Three      Months Ended |       |   | Nine      Months Ended |   |       | August      7, 2007 |   |
|----------------------------------------------------------------------------------|--------|-------------------------|------------|--------|------------------------|--------|------------|---------------------|--------|
|                                                                             |   | September      30,      |       |   | September      30,     |   |       | (Inception)      to |   |
|                                                                             |   | 2008                    |       |   | 2007                   |   |       | 2008                |   |   | 2007 |   |   | September      30, 2008 |   |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |
| Revenue                                                                          |   | $                       | -          |   |                   | $      | -          |                |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                        |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
|    Executive      compensation                                    |   |                    | -          |   |                   |   | 10,000     |                |   |   | - |   |   |   | 10,000 |   |   |   | 10,000 |   |
|    General      and administrative expenses                       |   |                    | 5,000      |   |                   |   | 3,379      |                |   |   | 5,639 |   |   |   | 3,379 |   |   |   | 9,018 |   |
|       Total      expenses                          |   |                    | 5,000      |   |                   |   | 13,379     |                |   |   | 5,639 |   |   |   | 13,379 |   |   |   | 19,018 |   |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)      before provision for income taxes                                    |   |                    | (5,000     | )      |                   |   | (13,379    | )                   |   |   | (5,639 | ) |   |   | (13,379 | ) |   |   | (19,018 | ) |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income taxes                                                  |   |                    | -          |   |                   |   | -          |                |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss)                                                                  |   | $                       | (5,000     | )      |                   | $      | (13,379    | )                   |   | $ | (5,639 | ) |   | $ | (13,379 | ) |   | $ | (19,018 | ) |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of                                                  |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
|    common      shares outstanding – basic and fully diluted |   |                    | 10,170,000 |   |                   |   | 10,000,000 |                |   |   | 10,104,726 |   |   |   | 10,000,000 |   |   |   |   |   |
|                                                                             |   |                    |       |   |                   |   |       |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) per share – basic and fully diluted                        |   | $                       | (0.00      | )      |                   | $      | (0.00      | )                   |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |

----

Condensed 

|                                                                              |   | Nine      months ended |   |   | August      7, 2007 |   |
|-----------------------------------------------------------------------------------|--------|------------------------|--------|--------|---------------------|--------|
|                                                                              |   | September      30,     |   |   | (Inception)      to |   |
|                                                                              |   | 2008                   |   |   | 2007                |   |   | September      30, 2008 |   |
| Cash      flows from operating activities                                         |   |                   |   |   |                |   |   |   |   |
| Net      (loss)                                                                   |   | $                      | (5,639 | )      |                | $      | (13,379 | ) |   | $ | (19,018 | ) |
| Adjustments      to reconcile net (loss) to                                       |   |                   |   |   |                |   |   |   |   |   |   |   |
|    Net      cash (used) by operating activities:                   |   |                   |   |   |                |   |   |   |   |   |   |   |
|       Shares      issued for executive compensation |   |                   | -      |   |                |   | 10,000 |   |   |   | 10,000 |   |
| Changes      in operating assets and liabilities:                                 |   |                   |   |   |                |   |   |   |   |   |   |   |
|       Increase      in accounts payable             |   |                   | -      |   |                |   | 879 |   |   |   | 460 |   |
| Net      cash (used) by operating activities                                      |   |                   | (5,639 | )      |                |   | (2,500 | ) |   |   | (8,558 | ) |
|                                                                              |   |                   |   |   |                |   |   |   |   |   |   |   |
| Cash      flows from financing activities                                         |   |                   |   |   |                |   |   |   |   |   |   |   |
|    Donated      capital                                            |   |                   | -      |   |                |   | 2,700 |   |   |   | 3,119 |   |
|    Issuances      of common stock                                  |   |                   | 10,260 |   |                |   | - |   |   |   | 10,260 |   |
| Net      cash provided by financing activities                                    |   |                   | 10,260 |   |                |   | 2,700 |   |   |   | 13,379 |   |
|                                                                              |   |                   |   |   |                |   |   |   |   |   |   |   |
| Net      increase (decrease) in cash                                              |   |                   | 4,621  |   |                |   | 200 |   |   |   | 4,821 |   |
| Cash      – beginning                                                       |   |                   | 200    |   |                |   | - |   |   |   | - |   |
| Cash      – ending                                                          |   | $                      | 4,821  |   |                | $      | 200 |   |   | $ | 4,821 |   |
|                                                                              |   |                   |   |   |                |   |   |   |   |   |   |   |
| Non-cash      transactions:                                                       |   |                   |   |   |                |   |   |   |   |   |   |   |
|    Shares      issued for executive compensation                   |   | $                      | -      |   |                | $      | 10,000 |   |   | $ | 10,000 |   |
|    Number      of shares issued for executive compensation         |   |                   | -      |   |                |   | 10,000,000 |   |   |   | 10,000,000 |   |

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Notes

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Management's

|   | 1. | In      August 2007, we issued 10,000,000 shares of our common stock to Evelyn      Meadows, our sole officer and director, in exchange for services performed      valued at $10,000. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 2. | In      April 2008, we sold 170,000 shares of our common stock to twenty-eight      non-affiliated purchasers for cash in the amount of $8,500, in an offering      made under Regulation D, Rule 505, of the Securities Act of 1933, as      amended. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Through      June 30, 2008, Ms. Meadows has contributed cash in the amount of $4,897 to      us for operating capital.  The funds were donated and are not      expected to be repaid. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | Finalize a fully-operational      website:  We believe that developing a website is      critical to reaching prospective customers and generating awareness of our      brand and proposed service offerings.  We have reserved the      domain name www. fashionnetonline.com and have published a working and      interactive preliminary website.  The site is not a      fully-operational and does not currently portray the fashion-related and      e-commerce capabilities we plan to implement by the end of fiscal year      2008.  As we obtain clients, our site will be updated with      content and media related to the clients’ product offerings.  At      this time, we have no customers. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Develop and implement a      marketing strategy:  We believe that generating awareness      of our company will drive fashion industry executives to utilize our      marketing consulting services.  In order to do so, we must      develop and implement an effective promotional strategy.  Our      current plan is to develop and implement a marketing plan by utilizing      search engine placement and keyword submission optimization services to      increase the visibility of our website to our target      market.  Additionally, we plan to contact individual designer      houses and retailers via telephone or personal contact in an effort to      explain our services and attract a client base.  However, we      expect to continuously assess new marketing strategies; thus, we cannot      predict whether the actual marketing and advertising efforts we implement      will remain in its current form or not.  To date, we have not      developed or implemented any marketingstrategy. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Controls

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PART

Unregistered

Exhibits

| Exhibit      Number                                                                                                                                                                        | Name      and/or Identification of Exhibit                                                   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|
|                                                                                                                                                                                       |                                                                                         |
| 3                                                                                                                                                                                          | Articles      of Incorporation & By-Laws                                                 |
|                                                                                                                                                                                       |                                                                                         |
|                                                                                                                                                                                       | (a)      Articles of Incorporation *                                                         |
|                                                                                                                                                                                       |                                                                                         |
|                                                                                                                                                                                       | (b)      By-Laws *                                                                           |
|                                                                                                                                                                                       |                                                                                         |
| 31                                                                                                                                                                                         | Rule      13a-14(a)/15d-14(a) Certifications                                                 |
|                                                                                                                                                                                       |                                                                                         |
| 32                                                                                                                                                                                         | Certification      under Section 906 of the Sarbanes-Oxley Act (18 U.S.C. Section      1350) |
|                                                                                                                                                                                       |                                                                                         |
| *  Incorporated      by reference herein filed as exhibits to the Company’s Registration      Statement on Form S-1 previously filed with the SEC on October 3,      2008. |

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SIGNATURES

| FASHION      NET, INC.  |
|-------------------------|
| (Registrant)            |
|                    |
| Signature               | Title | Date |
|                    |   |   |
| /s/      Evelyn Meadows | President,      CEO and Director | November      14, 2008 |
| Evelyn      Meadows     |   |   |
|                    |   |   |
| /s/      Evelyn Meadows | Chief      Financial Officer | November      14, 2008 |
| Evelyn      Meadows     |   |   |
|                    |   |   |
| /s/      Evelyn Meadows | Chief      Accounting Officer | November      14, 2008 |
| Evelyn      Meadows     |   |   |

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