SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C.  20549


                           AMENDED
                         FORM 10-QSB

(Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

               For the quarter ended March 31, 2000

                              OR

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934
           For the transition period from           to


Commission File Number 0-29989

                    GREAT BASIN WATER COMPANY
(Exact name of small business issuer as specified in its charter)

       Nevada                                86-0889096
(State or other jurisdiction              (I.R.S. Employer
of incorporation or organization)    Identification Number)

                  2950 E. Flamingo Rd., Suite F
                      Las Vegas, NV  89121
             (Address of principal executive offices)

                         (702) 214-8440
                   (Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be
  filed by Section 13 or 15(d) of the Exchange Act 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 March 31, 2000, 5,867,340 shares of Common Stock and 7,500
shares of Series B Preferred Stock were outstanding.

Transitial Small Business Disclosure Format (Check one):
     Yes [ ]  No [X]


                              1
<PAGE>
                  GREAT BASIN WATER COMPANY

                          Amended
                        Form 10-QSB

                     TABLE OF CONTENTS

                                                        Page
                                                       Number
                                                       ------

Part I   Financial Information

         Item 1  Financial Statements

                 Condensed Consolidated Balance Sheet
                 as of March 31, 2000                      3

                 Condensed Consolidated Statements
                 of Operations for the three months
                 ended March 31, 2000 and 1999             4

                 Condensed Consolidated Statements
                 of Cash Flows for the three months
                 ended March 31, 2000 and 1999             5

                 Notes to Condensed Consolidated
                 Financial Statements                      6

        Item 2
                 Management's Discussion and Analysis
                 or Plan of Operation                      7

Part II          Other Information                         8

        Item 1   Legal Proceedings                         8
        Item 2   Changes in Securities and Use of
                 Proceeds                                  8
        Item 3   Defaults upon Senior Securities           8
        Item 4   Submission of Matters to a Vote of
                 Security Holders                          8
        Item 5   Other Information                         8
        Item 6   Exhibits and Reports on Form 8-K          8

Signatures                                                 9

                                 2
<PAGE>

                   GREAT BASIN WATER COMPANY
              CONDENSED CONSOLIDATED BALANCE SHEET
                         March 31, 2000
                           (Unaudited)

                             ASSETS
                                                      RESTATED
Current assets
   Cash and cash equivalents                       $      2,358
   Accounts receivable                                    2,300
   Land Escrow                                            5,000
   Other Receivables                                      2,000
                                                   ------------
     Total current assets                                11,658

Fixed Assets
   Property and equipment, net                           16,663
   Wells including water rights                         750,000
   Capitalized costs                                    249,406
   Land                                                 135,000
                                                   ------------
     Total fixed assets                               1,151,069

Other assets
   Investment in HDB Telemetry Systems -
    Canada (20%)                                         40,000

     Total assets                                  $  1,202,727
                                                   ============

            LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
   Accounts payable and accrued liabilities        $     82,675
   Other payables                                         9,852
                                                   ------------
     Total current liabilities                           92,527

Long-Term Liabilities
   Notes Payable                                        145,401
   Loans from shareholders                              210,457
                                                   ------------
     Total long-term liabilities                        355,858

     Total liabilities                                  448,385

Stockholders' equity
   Common Stock, $.001 par value -
     25,000,000 shares authorized; 5,867,340
     shares issued and outstanding                        5,867
   Preferred stock, $100 par value -
     1,000,000 shares authorized; 7,500 shares
     issued and outstanding                             750,000
   Paid-in capital                                      347,553
   Accumulated deficit                                 (349,078)
                                                   ------------
     Total stockholders' equity                         754,342
                                                   ------------
     Total liabilities and stockholders' equity    $  1,202,727
                                                   ------------

  The accompanying notes are an integral part of this statement

                                 3
<PAGE>

                     GREAT BASIN WATER COMPANY
        CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                            (Unaudited)

                                               RESTATED
                                         Three Months Ended
                                               March 31
                                    ---------------------------
                                         2000         1999
                                         ----         ----
Revenue                             $       -     $        -
Operating expenses:
   Rents                                   3,278          3,541
   Payroll and payroll related              -             7,870
   Taxes, licenses and fees                  125          2,830
   Services                                9,871          6,921
   Administrative and general expenses     9,384         16,379
   Depreciation                              915            900
                                    ---------------------------

     Total operating expenses             23,573         38,441

Loss from operations                     (23,573)       (38,441)

Other income (expense):
   Interest income                          -              -
   Interest expense                         (500)          -
                                    ---------------------------

Total other expense                         (500)          -
                                    ---------------------------

Net Loss                            $    (24,073) $     (38,441)
                                    ===========================

Basic and diluted net loss per
common share                        $      (0.01) $       (0.01)
                                    ---------------------------

Weighted average shares outstanding    5,862,340      5,290,000
                                    ---------------------------


 The accompanying notes are an integral part of these statements

                                 4

<PAGE>

                     GREAT BASIN WATER COMPANY
         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (Unaudited)

                                               RESTATED
                                         Three Months Ended
                                               March 31
                                    ---------------------------
                                         2000         1999
                                         ----         ----
Cash flows from operating activities:
     Net cash used in operating
     activities                     $     (3,115) $      (7,525)

Cash flows from investing activities:
   Capital Expenditures                     -              -
   Costs related to acquisition             -              -
                                    ---------------------------
     Net cash used in investing
     activities                             -              -

Cash flows from financing activities:
   Proceeds from issuance of common
   stock                                   3,840           -
   Short-term borrowings                    -              -
   Long-term borrowings                     -             9,510
                                    ---------------------------
     Net cash provided by (used in)
     financing activities                  3,840          9,510
                                    ---------------------------

     Net decrease in cash and cash
     equivalents                             725          1,985

Cash and cash equivalents, beginning
of period                                  1,633          4,799
                                    ---------------------------

Cash and cash equivalents, end of
period                              $      2,358  $       6,784
                                    ===========================

Supplemental disclosure of cash
flow information:
   Cash paid during the period for:
     Interest                       $        500  $        -
     Income taxes                   $       -     $        -



 The accompanying notes are an integral part of these statements

                                   5

<PAGE>

                     GREAT BASIN WATER COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            (Unaudited)

1.   The accompanying unaudited condensed consolidated financial
     statements of the Company for the three months ended March
     31, 2000 and 1999 have been prepared on the same basis as
     the audited financial statements.  In the opinion of
     management, such unaudited information includes all
     adjustments (consisting only of normal recurring accruals)
     necessary for a fair presentation of this interim
     information.  Operating results and cash flows for interim
     periods are not necessarily indicative of results for the
     entire year.  Certain prior period amounts have been
     reclassified to conform to the current period presentation.
     Additionally, certain information and footnote disclosures
     normally included in a full set of financial statements have
     been condensed or omitted pursuant to the Securities and
     Exchange Commission rules and regulations.  The information
     included in this report should be read in conjunction with
     the Company's audited financial statements and notes thereto
     included in the Company's Report on Form 10SB12(g)A2 for the
     year ended December 31, 1999 previously filed with the
     Securities and Exchange Commission.

2.   The Company currently has no operating revenue, and is
     showing a loss for the current year of $24,073.

3.   The Company issued 450,000 shares of stock to Ray Warren,
     Darryl Shutteloffel, and Tom Warren for their services.  The
     shares were valued at $.10 per share.  The $1,500 each to
     Ray Warren and Darryl Shutteloffel went to pay off a portion
     of the outstanding payables to them.  The $1,500 to Tom
     Warren was charged to Consulting Services Expense.  The
     Company sold 2,340 shares of common stock in a private
     placement for $1.00 per share in January of 2000.

4.   The Company has 7,500 shares of Preferred Series B Stock
     valued at $100 per share, paying dividends at 8% per annum,
     due on or before the first day of November.  The first
     dividend payment is due by November 1, 2000.

5.   The Company currently has $210,457 in notes outstanding to
     Darryl Shutteloffel.  These notes are due to the
     shareholder, and will be paid when the Company begins to
     collect revenues.

6.   The Company has a note outstanding in the amount of $49,401,
     to Darrel Christensen.  The note is for the land that holds
     Well #1.  No payments have been made on this note in the
     current year.

7.   The Company had a purchase contract for land on which the
     Company was to construct a waste treatment plant.  The land,
     and the corresponding note were valued at $80,000 on the
     balance sheet.

8.   The Company restated the Financial Statements for the year
     ended December 31, 1999.  These interim statements are being
     restated to reflect the changes made to the prior year end.
     The changes affected the assets for Shadow Ridge, accounts
     payable, the capital accounts and retained earnings.  Refer
     to those restated statements for the appropriate changes.




                                 6

<PAGE>

Item 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION

RECENT EVENTS
-------------

     The following information should be read in conjunction with
the interim financial statements and the notes thereto included
in Part 1, Item 1 of this Quarterly Report and the financial
statements and notes thereto contained in the Company's Form
10SB12(g)/A2 Amended Registration Statement.  The Plan of
Operation has not materially changed from that filing with the
exception of the matters discussed below.

     The Company's original plan of operation forecasted a
construction start for housing developments in the franchise area
of the Company's subsidiary, Shadow Ridge Water Company
(hereinafter "Shadow Ridge"), for March of 2000.  Construction of
the housing developments has not occurred.  Due to a disagreement
between the developers and the City of Mesquite, Nevada
(hereinafter the "City of Mesquite"), the City of Mesquite
refused to allow refuse from the planned developments to be
deposited in the land fill operated by the City of Mesquite.
This dispute precluded the issuance of building permits from
Mohave County, Arizona for the proposed developments.  It is not
known at this time how this matter may be resolved.

Forward-looking Statements

     In addition to the historical information contained herein,
this Form 10-QSB contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.  These forward-looking statements
are subject to risks and uncertainties, including risks and
uncertainties set forth in this Form 10-QSB that may cause actual
results to differ materially.  These forward-looking statements
speak only as of the date hereof.  The Company disclaims any
intent or obligation to update these forward-looking statements.

RESULTS OF OPERATIONS
---------------------

Three months ended March 31, 2000
as compared to three months ended March 31, 1999

     The Company is still in the development stage and has not
had any revenues for the three months ended March 31, 2000.  This
represents no change from the prior period.  The Company's loss
from operations has shown a decrease to $23,573 for the three
months ended March 31, 2000, from $38,441 for the three months
ended March 31, 1999.  This decrease is primarily the result of
the elimination of the Company's payroll expense.

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     The Company's operating activities used cash of $3,115 for
the three months ended March 31, 2000 as compared to a use of
$7,525 for the same period in 1999.  The financing activities
during the three months ended March 31, 2000 consisted of $3,840
for stock issued by the Company in settlement of expenses and for
cash.

     The Company's current operations are cash flow positive and
as of March 31, 2000 the Company had negative working capital of
$80,869. In order for the Company to construct the water and
wastewater facilities, estimated to be $1,200,000, necessary to
provide service to the proposed developments in the Shadow Ridge
franchise area, the Company will have to acquire additional
financing.  The Company expects the developers to provide an
advance payment of "tap fees" in the amount of $350,000.  The
Company would then be responsible for acquiring the additional
$850,000 needed for construction.  The Company is actively
engaged in seeking out additional equity funding.  However, there
can be no assurance that equity funding will be available, or
that, if available, capital can be obtained on terms favorable to
the Company.  If adequate funds are not available, the Company's
ability to continue as a going concern would be impaired.


                                 7

<PAGE>

Part II.  Other Information
          -----------------

Item 1.   Legal Proceedings
          -----------------

          None.

Item 2.   Changes in Securities
          ---------------------

     During the three months ended March 31, 2000 the Company
issued 452,340 shares of Common Stock.  Of that amount, 450,000
shares were issued to officers and Directors as repayment for
short term loans or for services provided.  The remaining 2,340
shares were issued in a private placement for an aggregate
consideration of $2,340.

Item 3.   Defaults 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
          --------------------------------

          (a) Exhibits

              27   Financial Data Schedule - March 31, 2000

          (b) Reports on Form 8-K

              None.





                                8

<PAGE>

                             SIGNATURES


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

Dated:    October 2, 2000

Great Basin Water Company



/s/ Thomas R. Warren
Thomas R. Warren
Vice President of Finance and Chief Financial Officer
(Principal Financial and Accounting Officer)








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