UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended March 31, 1999                Commission File Number 333-51683
                  --------------



                         World House Entertainment, Inc.
                         -------------------------------
             (Exact name of registrant as specified in its charter)


            Nevada                                       87-0567884
            ------                                       ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

2831 Dogwood Place Nashville, Tennessee                    37204
---------------------------------------                    -----
(Address of principal executive offices)                 (Zip code)


                                 (615) 269-8682
                                 --------------
              (Registrant's telephone number, including area code)

                -------------------------------------------------
             (Former name, former address and former fiscal year, if
                          changed since last report.)



Indicate by check 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 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.

Common Stock $.001 par value                          780,000
----------------------------                          -------
          Class                    Number of shares outstanding at April 6, 1999


                     This document is comprised of 11 pages.
<PAGE>

FORM 10-QSB
1ST QUARTER

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
                                 March 31, 1999
                                   (Unaudited)


                                      INDEX

                                                                            Page
                                                                            ----


PART I - FINANCIAL INFORMATION

     Item 1.  Financial Statements *

     Condensed, consolidated balance sheet - March 31, 1999 (Unaudited)...... 3

     Condensed, consolidated statements of operations - Three months
       ended March 31, 1999 and March 31, 1998  (Unaudited).................. 4

     Condensed, consolidated statements of cash flows - Three months 
       ended March 31, 1999 and March 31, 1998 (Unaudited)................... 5

     Notes to condensed, consolidated  financial statements (Unaudited)...... 6

     Item 2.  Management's Discussion and Analysis of Financial
                Condition and Results of Operations.......................... 8


PART II - OTHER INFORMATION.................................................. 9

     Item 1. Legal Proceedings
     Item 2. Changes In Securities
     Item 3. Defaults Upon Senior Securities
     Item 4. Submission of Matters To A Vote of Security Holders
     Item 5. Other Information Item 6. Exhibits and Reports on Form 8-K
     Item 6. Exhibits and Reports on Form 8-K   

     Signatures ............................................................. 10





     *    The   accompanying   financial   statements  are  not  covered  by  an
          independent Certified Public Accountant's report.


                                       2
<PAGE>

Part I.  Item 1.  Financial information

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
                      Condensed, Consolidated Balance Sheet
                                 March 31, 1999
                                   (Unaudited)

                                     ASSETS

CURRENT ASSETS
    Cash ......................................................       $   1,943
    Other current assets ......................................             450
                                                                      ---------
                                           TOTAL CURRENT ASSETS           2,393

PROPERTY AND EQUIPMENT, NET ...................................          16,050
                                                                      ---------

                                                                      $  18,443
                                                                      =========




                                  LIABILITIES

CURRENT LIABILITIES
   Accounts payable and accrued liabilities ...................       $  25,268
   Short-term debt ............................................           7,500
   Indebtedness to related party - short-term .................           2,248
                                                                      ---------
                                      TOTAL CURRENT LIABILITIES          35,016
                                                                      ---------




                              SHAREHOLDERS' DEFICIT

   Common stock ...............................................             780
   Additional paid-in capital .................................         205,782
   Retained deficit ...........................................        (223,135)
                                                                      ---------
                                    TOTAL SHAREHOLDERS' DEFICIT         (16,573)
                                                                      ---------

                                                                      $  18,443
                                                                      =========


     See accompanying notes to condensed, consolidated financial statements

                                       3
<PAGE>

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
                Condensed, Consolidated Statements of Operations
                                   (Unaudited)




                                                          Three Months Ended
                                                               March 31,
                                                       ------------------------
                                                          1999           1998
                                                          ----           ----

REVENUES .........................................     $   3,847      $   4,850
                                                       ---------      ---------


COSTS AND EXPENSES
   General and administrative ....................        17,073         16,679
   Provision for bad debts .......................         2,500          2,500
   Related party expenses ........................         4,500          4,500
                                                       ---------      ---------
                                                          24,073         23,679
                                                       ---------      ---------

                                  OPERATING (LOSS)       (20,226)       (18,829)

OTHER INCOME (EXPENSE)
   Interest Income ...............................         2,500          2,500
   Interest Expense ..............................          (713)        (4,082)
                                                       ---------      ---------
                          LOSS BEFORE INCOME TAXES       (18,439)       (20,411)

INCOME TAXES .....................................          --             --
                                                       ---------      ---------

                                        NET (LOSS)     $ (18,439)     $ (20,411)
                                                       =========      =========


Basic loss per common share ......................     $    (.02)     $    (.03)
                                                       ---------      ---------

Basic common shares outstanding ..................       760,000        700,000
                                                       =========      =========



     See accompanying notes to condensed, consolidated financial statements

                                       4

<PAGE>

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
                Condensed, Consolidated Statements of Cash Flows
                                   (Unaudited)



                                                            Three Months Ended
                                                                 March 31,
                                                         -----------------------
                                                            1999         1998
                                                            ----         ----

                                    NET CASH (USED IN)
                                  OPERATING ACTIVITIES   $ (44,800)   $ (16,878)
                                                         ---------    ---------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of property and equipment ................      (1,244)        --
                                                         ---------    ---------
                                    NET CASH (USED IN)
                                  INVESTING ACTIVITIES      (1,244)        --
                                                         ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITIES
    Repayment of notes payable .......................    (150,000)        --
    Proceeds from issuance of notes payable ..........        --         26,250
    Shareholder advance ..............................       2,117         --
    Proceeds from sale of stock ......................     200,000         --
    Cash paid for offering costs .....................      (4,707)      (4,000)
                                                         ---------    ---------
                                  NET CASH PROVIDED BY
                                  FINANCING ACTIVITIES      47,410       22,250
                                                         ---------    ---------

                                  NET INCREASE IN CASH       1,366        5,372

CASH, BEGINNING OF PERIOD ............................         577        7,709
                                                         ---------    ---------

                                   CASH, END OF PERIOD   $   1,943    $  13,081
                                                         =========    =========


Supplemental disclosures of cash flows information:
Interest paid ........................................   $  18,438    $    --
                                                         =========    =========
Income taxes paid ....................................   $    --      $    --
                                                         =========    =========



     See accompanying notes to condensed, consolidated financial statements

                                       5
<PAGE>

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
              Notes to Condensed, Consolidated Financial Statements
                                   (Unaudited)

                                 March 31, 1999


Note A: Management's Statement
------------------------------

In the opinion of management, the accompanying unaudited condensed, consolidated
financial  statements  contain  all  adjustments  (all of which are  normal  and
recurring in nature) necessary to present fairly the financial position of World
House Entertainment,  Inc. and Subsidiary (the "Company") at March 31, 1999, and
the results of operations  and cash flows for the quarters  ended March 31, 1999
and 1998. The Notes to the Consolidated Financial Statements which are contained
in the 1998 Form  10-KSB  should be read in  conjunction  with these  Condensed,
Consolidated Financial Statements.

Note B: Related party transactions
----------------------------------

During the quarter  ended March 31,  1999,  the Company  paid off  shareholders,
which had previously made bridge loans to the Company,  out of the proceeds from
its initial public offering. The total debt paid during the quarter was $150,000
plus related accrued interest.

An officer of the Company  contributed his services and provided workspace at no
charge to the  Company  during  the three  months  ended  March  31,  1999.  The
transactions   are   reflected  in  the   accompanying   unaudited,   condensed,
consolidated financial statements as charges to compensation and rent expense in
the amounts of $3,000 and $1,500,  respectively  with  corresponding  credits to
paid-in capital.

Note C: Shareholders' deficit
-----------------------------

The following table summarizes  transactions affecting shareholders' deficit for
the quarter ended March 31, 1999:

<TABLE>
<CAPTION>

                                                                             Additional                  Total      
                                              Common stock        Paid-in     Offering    Retained   Shareholders'      
                                           Shares     Amount      Capital      Costs       Deficit      Deficit                     
                                           ------     ------      -------      -----       -------      -------                     

<S>                                        <C>       <C>         <C>         <C>          <C>          <C>       
Balance, December 31, 1998 ...........     700,000   $     700   $  31,800   $ (25,731)   $(204,696)   $(197,927)

Sale of common stock, at $2.50 per
  share, pursuant to initial public
  offering, net of offering costs ....      80,000          80     199,920      (4,707)        --        195,293

Services and rent contributed by
  corporate officer ..................        --          --         4,500        --           --          4,500

Net loss for the quarter ended
  March 31, 1999 .....................        --          --          --          --        (18,439)     (18,439)
                                           -------   ---------   ---------   ---------    ---------    ---------

               BALANCE, MARCH 31, 1999     780,000   $     780   $ 236,220   $ (30,438)   $(223,135)   $ (16,573)
                                           =======   =========   =========   =========    =========    ========= 
                                                                            

                                       6
</TABLE>

<PAGE>

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------
              Notes to Condensed, Consolidated Financial Statements
                                   (Unaudited)

                                 March 31, 1999



Note D: Income taxes
--------------------

The Company  records its income taxes in accordance  with Statement of Financial
Accounting Standard No. 109, "Accounting for Income Taxes". The Company incurred
net operating losses during the three months ended March 31, 1999 resulting in a
deferred tax asset,  which was fully allowed for,  therefore the net benefit and
expense result in $-0- income taxes.



                                       7
<PAGE>

Part I.  Item 2.   

                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations
                  ---------------------------------------------

                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------



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

The Company  recorded a net loss of $18,437 for the first quarter of 1999, while
a loss of $20,411 was reported for the first quarter of 1998.

Net sales  declined by $1,003 or 21 percent when  compared with the year earlier
period  because the  President of the Company had to take a leave of absence due
to medical reasons.

Total  operating  expenses  increased  by only $392 or 2  percent  over the year
earlier period.

Interest expense decreased by $3,369 or 83 percent during the three months ended
March 31, 1999 when  compared  with the same period in 1998  because the Company
extinguished a substantial portion of its debt during the quarter.

FINANCIAL CONDITION
-------------------

The Company sold 80,000  shares of its common stock during the first  quarter of
1999. The shares were sold shortly after the Securities and Exchange  Commission
declared  its  registration  statement on Form SB-2  effective.  The shares were
priced at $2.50  each.  Net  proceeds,  after  deducting  costs  related  to the
offering, were approximately $169,500.

The  Company  used  substantially  all of the  proceeds  from  its  offering  to
extinguish bridge loans totaling $150,000, and related accrued interest.

At March 31, 1999,  the Company  continues  to have  negative  working  capital.
Current assets equaled $2,393 while current liabilities equaled $35,016.

As of March 31, 1999, the Company experienced operating losses and negative cash
flow from operations. In the aggregate, these indicators raise substantial doubt
about the Company's ability to continue as a going concern.

THE OUTLOOK
-----------

The Company  plans to obtain  working  capital  through the issuance of loans to
private  individuals  and  corporations in order to meet its obligations as they
come due. There is no guarantee that the Company will generate  positive  income
and cash flow from its  operations  or will it be  successful in its attempts to
raise additional capital.


                                       8
<PAGE>

Part II. - Other Information


                         WORLD HOUSE ENTERTAINMENT, INC.
                         -------------------------------


OTHER INFORMATION
-----------------

Items 1 Through 5 - No response required.

Item 6 - Exhibits and reports on Form 8-K.

         (a) Exhibits

             27* Financial Data Schedule

         (b) Reports on Form 8-K - No response required.



                                       9
<PAGE>

                                   SIGNATURES



The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of operations for the three months ended March 31, 1999 have been
included.

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.




                                WORLD HOUSE ENTERTAINMENT, INC.
                                         (Registrant)


DATE: May 14, 1999              BY: /s/ Elizabeth Ann Peters
      ------------                 ---------------------------------------------
                                   Elizabeth Ann Peters
                                   President and Principal Executive Officer



                                       10