---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-QSB

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended January31, 2008

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13
OR 15(D) OF THE EXCHANGE ACT

For the transition period from _________to _________

Commission File No. 000-52452

DUSSAULT APPAREL INC.(Exact name of small business issuer as specified in its
charter)

|Nevada                                                               | 98-0513727                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)

8010 Melrose Avenue, Los Angeles California,
90046-7010(Address of principal executive offices)

(866) 841 - 2010(Issuers telephone number)

N/A(Former name, former address and former
fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports 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
[   ]   No [X]

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).

Yes [   ]   No [X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act after
distribution of securities under a plan confirmed by a court. Yes [ 
 ]   No [   ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuers
classes of common equity as of the latest practicable date:

As of March 5, 2008, there were 43,487,000 shares of common
stock, par value $0.001, outstanding.

Transitional Small Business Disclosure Format (Check One): Yes
[   ]   No [X]

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- 1 -

**DUSSAULT APPAREL INC.**
  (A Development Stage Company) 
  Balance Sheet 
  October 31,

|                                                       |   | January 31, |   |   | October 31, |  
|------------------------------------------------------ | - | ----------- | - | - | ----------- | -
|                                                       |   | 2008        |   |   | 2007        |  
|                                                       |   | (Unaudited) |   |   |             |  
|ASSETS                                                 |   |             |   |   |             |  
|Current
      Assets                                   |   |             |   |   |             |  
|Cash                                                   | $ | 78,927      |   | $ | 227,256     |  
|Accounts Receivable                                    |   | 83,275      |   |   | 102,944     |  
|Inventory                                              |   | 2,055,962   |   |   | 2,144,817   |  
|                                                       |   |             |   |   |             |  
|Total Current Assets                                   |   | 2,218,164   |   |   | 2,475,017   |  
|                                                       |   |             |   |   |             |  
|                                                       |   |             |   |   |             |  
|FIXED ASSETS                                           |   |             |   |   |             |  
|Property and Equipment, net                            |   | 49,369      |   |   | 68,641      |  
|                                                       |   |             |   |   |             |  
|                                                       |   | 49,369      |   |   | 68,641      |  
|                                                       |   |             |   |   |             |  
|Total Assets                                           | $ | 2,267,533   |   | $ | 2,543,658   |  
|                                                       |   |             |   |   |             |  
|                                                       |   |             |   |   |             |  
|LIABILITIES AND SHAREHOLDERS' EQUITY                   |   |             |   |   |             |  
|Current Liabilities                                    |   |             |   |   |             |  
|Accounts Payable                                       | $ | 14,759      |   | $ | 889         |  
|Subscriptions Received                                 |   | 1,335,318   |   |   | 924,573     |  
|                                                       |   |             |   |   |             |  
|Total Current Liabilities                              |   | 1,350,077   |   |   | 925,462     |  
|                                                       |   |             |   |   |             |  
|Total Liabilities                                      | $ | 1,350,077   |   | $ | 925,462     |  
|                                                       |   |             |   |   |             |  
|Shareholders' Equity                                   |   |             |   |   |             |  
|Common Stock, $0.001 par value;
      authorized       |   |             |   |   |             |  
|75,000,000 shares; issued and
      outstanding        |   |             |   |   |             |  
|56,487,000 shares                                      |   | 56,487      |   |   | 56,487      |  
|Additional Paid-In Capital                             |   | 7,485,513   |   |   | 7,485,513   |  
|Deficit accumulated during the
      development stage |   | (6,624,544  | ) |   | (5,923,804  | )
|                                                       |   |             |   |   |             |  
|Total Shareholders' Equity                             |   | 917,456     |   |   | 1,618,196   |  
|                                                       |   |             |   |   |             |  
|Total Liabilities and Shareholders' Equity             | $ | 2,267,533   |   | $ | 2,543,658   |  

The accompanying notes are an integral part of these financial
statements

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- 2 -

**DUSSAULT APPAREL INC.** 
  (A Development Stage Company) 
  Statement of Operations 
  (Unaudited)

|                                     |   |                  |   |   |                  |   |   | For the period      |  
|------------------------------------ | - | ---------------- | - | - | ---------------- | - | - | ------------------- | -
|                                     |   | For the three    |   |   | For the three    |   |   | from Aug. 1 2006    |  
|                                     |   | months ended     |   |   | months ended     |   |   | (date of inception) |  
|                                     |   | January 31, 2007 |   |   | January 31, 2008 |   |   | January 31, 2008    |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|Revenue                              | $ | -                |   | $ | 145,976          |   | $ | 248,921             |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|Cost of Sales                        |   | -                |   |   | 154,683          |   |   | 188,118             |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|Operating Income                     |   | -                |   |   | (8,707           | ) |   | 60,803              |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|General and Administrative Expenses: |   |                  |   |   |                  |   |   |                     |  
|Salaries & Wages                     |   | -                |   |   | 100,033          |   |   | 221,715             |  
|Professional Fees                    |   | 9,000            |   |   | 26,685           |   |   | 55,759              |  
|Start-Up Costs                       |   | -                |   |   | -                |   |   | 5,777,175           |  
|Other Admin. Expenses                |   | 159              |   |   | 565,315          |   |   | 630,698             |  
|Total General and                    |   |                  |   |   |                  |   |   |                     |  
|Administrative
      Expenses        |   | 9,159            |   |   | 692,033          |   |   | 6,685,347           |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|Net Loss                             | $ | (9,159           | ) | $ | (700,740         | ) | $ | (6,624,544          | )
|                                     |   |                  |   |   |                  |   |   |                     |  
|Loss Per Common Share:               |   |                  |   |   |                  |   |   |                     |  
|Basic and diluted                    | $ | (0.003           | ) | $ | (0.012           | ) |   |                     |  
|                                     |   |                  |   |   |                  |   |   |                     |  
|Weighted Average Shares              |   |                  |   |   |                  |   |   |                     |  
|Outstanding basic and diluted        |   | 3,440,984        |   |   | 56,487,000       |   |   |                     |  

The accompanying notes are an integral part of these financial
statements

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- 3 -

**DUSSAULT APPAREL INC.** 
  (A Development Stage Company) 
  Statement of Cash Flows 
  (Unaudited)

|                                                    |   |                     |   |   |                     |   |   | For the period      |  
|--------------------------------------------------- | - | ------------------- | - | - | ------------------- | - | - | ------------------- | -
|                                                    |   |                     |   |   |                     |   |   | from Aug. 1,        |  
|                                                    |   | For the three       |   |   | For the three       |   |   | 2006 (date of       |  
|                                                    |   | months ended        |   |   | months ended        |   |   | inception) to       |  
|                                                    |   | Jan.
      31, 2007 |   |   | Jan.
      31, 2008 |   |   | Jan.
      31, 2008 |  
|                                                    |   |                     |   |   |                     |   |   |                     |  
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Cash flows from operating activities:               |   |                     |   |   |                     |   |   |                     |  
|Net loss                                            | $ | (9,159              | ) | $ | (700,740            | ) | $ | (6,624,544          | )
|Adjustments to
      reconcile net loss to net cash |   |                     |   |   |                     |   |   |                     |  
|used by operating
      activities:                 |   |                     |   |   |                     |   |   |                     |  
|Change in operating
      assets and liabilities:   |   |                     |   |   |                     |   |   |                     |  
|(Incease)/Decrease
      in Accounts Receivable     |   | -                   |   |   | 19,669              |   |   | (102,944            | )
|(Increase)/Decrease in Inventory                    |   | -                   |   |   | 88,855              |   |   | (2,144,817          | )
|Increase
      (Decrease) in accounts payable       |   |                     |   |   |                     |   |   |                     |  
|and accrued liabilities                             |   | -                   |   |   | 13,870              |   |   | 889                 |  
|Non cash issue of stock for services                |   |                     |   |   |                     |   |   | 5,272,000           |  
|Net cash (used by) operating activities             |   | (9,159              | ) |   | (578,346            | ) |   | (3,599,416          | )
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Cash flows from investing activities                |   |                     |   |   |                     |   |   |                     |  
|Purchase of property and equipment                  |   | -                   |   |   | (37,444             | ) |   | (68,641             | )
|Writedown/Abandonment
      of fixed assets         |   | -                   |   |   | 56,716              |   |   | -                   |  
|Net cash (used by) investing activities             |   | -                   |   |   | 19,272              |   |   | (68,641             | )
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Cash flows from financing activities:               |   |                     |   |   |                     |   |   |                     |  
|Subscriptions
      received/(converted to stock)   |   | -                   |   |   | 410,745             |   |   | 924,573             |  
|Common stock issued for cash                        |   | 9,000               |   |   | -                   |   |   | 2,270,000           |  
|Net cash (used by) provided by                      |   |                     |   |   |                     |   |   |                     |  
|financing activities                                |   | 9,000               |   |   | 410,745             |   |   | 3,194,573           |  
|                                                    |   |                     |   |   |                     |   |   | `                   |  
|Net increase (decrease) in cash                     |   | (159                | ) |   | (148,329            | ) |   | (473,484            | )
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Cash, beginning of the period                       |   | 43,846              |   |   | 227,256             |   |   | -                   |  
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Cash, end of the period                             | $ | 43,687              |   | $ | 78,927              |   | $ | (473,484            | )
|                                                    |   |                     |   |   |                     |   |   |                     |  
|Supplemental cash flow disclosure:                  |   |                     |   |   |                     |   |   |                     |  
|Interest paid                                       | $ | -                   |   | $ | -                   |   | $ | -                   |  
|Taxes paid                                          | $ | -                   |   | $ | -                   |   | $ | -                   |  

The accompanying notes are an integral part of these financial
statements

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- 4 -

**DUSSAULT APPAREL INC.** 
  (A Development Stage Company) 
  Statement of Shareholders' Equity 
  (Unaudited)

DeficitAccumulated
      
      
      TotalCommon
        Stock
      
      
      Additional
      
      
      during the
      
      
      Shareholders'Number of
      
      
      
      
      
      Paid-In
      
      
      Development
      
      
      EquityShares
      
      
      Amount
      
      
      Capital
      
      
      Stage
      
      
      (Deficit)Inception: August 1, 2006
      -
      
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -Aug. 31, 2006: issued stock for cash at
        $0.02 per share
      1,500,000
      
      
      1,500
      
      
      13,500
      
      
      
      
      
      15,000Oct 31, 2006: issued stock for cash at $0.02 per share
      1,550,000
      
      
      1,550
      
      
      29,450
      
      
      
      
      
      31,000Net loss for period January 12 - October
        31, 2006
      
      
      
      
      
      
      
      
      
      (2,154
      )
      
      (2,154
      )Balance, October 31, 2006
      3,050,000
      
      $
      3,050
      
      $
      42,950
      
      $
      (2,154
      )
      $
      43,846Nov. 8, 2006: issued stock for cash at $0.02 per share
      450,000
      
      
      450
      
      
      8,550
      
      
      
      
      
      9,000Balances before 14 for 1 forward common stock split
      3,500,000
      
      
      3,500
      
      
      51,500
      
      
      (2,154
      )
      
      52,846Jun 11, 2007: 14 for 1 forward common stock
        split
      45,500,000
      
      
      45,500
      
      
      (45,500
      )
      
      
      
      
      -Balances after 14 for 1 forward common stock split
      49,000,000
      
      
      49,000
      
      
      6,000
      
      
      (2,154
      )
      
      52,846Aug 31, 2007 issued stock for services at $1.00 per sh
      5,272,000
      
      
      5,272
      
      
      5,266,728
      
      
      
      
      
      5,272,000Aug. 31, 2007 issued stock for cash at $1.00
        per share
      2,215,000
      
      
      2,215
      
      
      2,212,785
      
      
      
      
      
      2,215,000Net loss for year ended October 31, 2007
      
      
      
      
      
      
      
      
      
      (5,921,650
      )
      
      (5,921,650
      )Balances at October 31, 2007
      56,487,000
      
      $
      56,487
      
      $
      7,485,513
      
      $
      (5,923,804
      )
      $
      1,618,196Net loss for the three months ended January
        31, 2008
      
      
      
      
      
      
      
      
      
      (700,740
      )
      
      (700,740
      )56,487,000
      
      $
      56,487
      
      $
      7,537,013
      
      $
      (6,624,544
      )
      $
      917,456


The accompanying notes are an integral part of these financial
statements

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- 5 -

DUSSAULT APPAREL INC. (A Development Stage Company)NOTES TO THE FINANCIAL STATEMENTS January 31, 2008

NOTE 1  BASIS OF PRESENTATION

These financial statements have been prepared in accordance
with generally accepted accounting principles in the United States of America
and with the instructions to Form 10-QSB as promulgated by the Securities and
Exchange Commission (SEC).

These financial statements include all adjustments that in the
opinion of management are necessary to present fairly the financial position,
results of operations and cash flows for the three months ended January 31,
2008. All adjustments are of a normal recurring nature.

Use of Estimates

The preparation of financial statements in accordance with
generally accepted accounting principles in the United States of America
requires the use of estimates and assumptions that affect the reported amounts
of assets and liabilities, disclosure of contingent assets and liabilities known
to exist as of the date the financial statements are published, and the reported
amounts of revenues and expenses during the reporting period. Uncertainties with
respect to such estimates and assumptions are inherent in the preparation of the
Companys financial statements; accordingly, it is possible that the actual
results could differ from these estimates and assumptions and could have a
material effect on the reported amounts of the Companys financial position and
results of operations.

NOTE 2  OPERATIONS

The financial statements presented are those of Dussault
Apparel Inc. (the Company). The Company was incorporated under the laws of the
State of Nevada on August 1, 2006 as Release Your Lease Inc. In May, 2007
control of the company changed as a result of a stock transaction wherein Mark
Hammer sold 1,500,000 common shares of his capital stock to Jason Dussault. On
May 10, 2007 Mark Hammer was replaced as President , CEO, CFO, Secretary and
Treasurer by Jason Dussault. Mark Hammer resigned as Director and Jason Dussault
joined the Board as a Director.

On June 11, 2007 the Company, at that time named Release Your
Lease, Inc., effected a reverse forward merger with Dussault Apparel Inc, a
Nevada shell company. Release Your Lease Inc. survived the merger and the name
was changed to Dussault Apparel, Inc. The Company became oriented toward the
retail clothing business.

Income Taxes

The Company utilizes SFAS No. 109, Accounting for Income
Taxes, which requires the recognition of deferred tax assets and liabilities
for the expected future tax consequences of events that have been included in
the financial statements or tax returns. Under this method, deferred tax assets
and liabilities are determined based on the difference between the tax basis of
assets and liabilities and their financial reporting amounts based on enacted
tax laws and statutory tax rates applicable to the periods in which the
differences are expected to affect taxable income. Valuation allowances are
established, when necessary, to reduce deferred tax assets to the amount
expected to be realized. The Company generated deferred tax credits through net
operating loss carryforwards. However, a valuation allowance of 100% has been
established, as the realization of the deferred tax credits is not reasonably
certain, based on going concern considerations outlined below.

---

- 6 -

Going Concern

The Companys financial statements are prepared using
accounting principles generally accepted in the United States of America
applicable to a going concern, which contemplates the realization of assets and
liquidation of liabilities in the normal course of business. The Company as at
January 31, 2008 had not established an ongoing source of revenues sufficient to
cover its operating costs and to allow it to continue as a going concern. The
Company opened its planned retail outlet in November 2007, however the ability
of the Company to continue as a going concern is dependent on the successful
stimulation of sales in order to fund operating losses and become profitable. If
the Company is unable to make it profitable, the Company could be forced to
cease development of operations. Management cannot provide any assurances that
the Company will be successful in its retail operation. The accompanying
financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.

Development-Stage Company

The Company is considered a development-stage company, with
limited operating revenues during the periods presented, as defined by Statement
of Financial Accounting Standards (SFAS) No. 7. SFAS. No. 7 requires companies
to report their operations, shareholders deficit and cash flows since inception
through the date that revenues are generated from managements intended
operations, among other things. Management has defined inception as August 1,
2006. Since inception, the Company has incurred operating losses totaling
$6,624,544. The Companys working capital has been generated through the sales
of common stock. Management has provided financial data since August 1, 2006
Inception in the financial statements, as a means to provide readers of the
Companys financial information to make informed investment decisions.

Accounts Receivable

The company shipped inventory at wholesale prices to ten retail
outlets in October of 2007 totaling $102,944. Payment terms varied. As at
January 31, 2008 $83,275 remained outstanding, and none of the terms have been
defaulted upon. An accounting policy for allowance for doubtful accounts has not
been established because of insufficient experience. Customers were qualified by
management from prior business arrangements, and management expects the
remaining amount of $83,275 will be collected in the balance of the fiscal
year.

Inventory

Inventories are stated at the lower of cost or market value.
Market value represents net realizable value. Inventories are priced by the
Retail Inventory (average cost) method. A perpetual inventory system is
maintained.

Property and Equipment

Fixtures and equipment are stated at cost less accumulated
depreciation. Major additions, betterment and rental improvements during the
construction phase of the retail store April through October 2007 are
capitalized. Maintenance and repairs are expensed currently. Fixtures and
equipment including leasehold improvements totaling $68,640 were installed in a
leased retail store following possession in March, 2007, and a further $37,444
in the first quarter of the current fiscal year. As at January 31, 2008 the
store was not in full operations, and these assets not being in service were
not depreciated in the first quarter. An accounting evaluation was made in the
first quarter for assets abandoned or obsolescent and written down by $56,716.

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- 7 -

Loss Per Share

Net loss per share is calculated in accordance with SFAS 128,
Earnings Per Share, for the periods presented. Basic net loss per share is based
upon the weighted average number of common shares outstanding. Diluted net loss
per share is based on the assumption that all dilutive convertible shares and
stock options were converted or exercised. The Company has no potentially
dilutive securities as of January 31, 2008.

On June 11, 2007 a forward stock split of Common Stock occurred
on a 14 for 1 basis.

The loss per share for the periods presented has been
calculated accordingly, giving retroactive effect to the forward stock split.

The following is a reconciliation of the numerators and
denominators of the basic and diluted earnings per share computations for the
three months ended January 31, 2008 and 2007:

|                                      |   | 2008       |   |   | 2007      |  
|------------------------------------- | - | ---------- | - | - | --------- | -
|Basic and diluted net loss per share: |   |            |   |   |           |  
|Numerator                             |   |            |   |   |           |  
|Net (Loss)                            | $ | (700,740   | ) | $ | ( 9,159   | )
|                                      |   |            |   |   |           |  
|Denominator                           |   |            |   |   |           |  
|Basic and diluted weighted average    |   |            |   |   |           |  
|number of shares outstanding          |   | 56,487,000 |   |   | 3,440,984 |  
|                                      |   |            |   |   |           |  
|Basic and Diluted Net Loss Per Share  | $ | (0.012     | ) | $ | (0.003    | )

Recent Accounting Pronouncements

In December 2004, the FASB issued SFAS No.123 (revised 2004),
"Share-Based Payment". Statement 123(R) will provide investors and other users
of financial statements with more complete and neutral financial information by
requiring that the compensation cost relating to share-based payment
transactions be recognized in financial statements. That cost will be measured
based on the fair value of the equity or liability instruments issued. Statement
123(R) covers a wide range of share-based compensation arrangements including
share options, restricted share plans, performance-based awards, share
appreciation rights, and employee share purchase plans. Statement 123(R)
replaces FASB Statement No. 123, Accounting for Stock-Based Compensation, and
supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees.
Statement 123, as originally issued in 1995, established as preferable a
fair-value-based method of accounting for share-based payment transactions with
employees. However, that Statement permitted entities the option of continuing
to apply the guidance in Opinion 25, as long as the footnotes to financial
statements disclosed what net income would have been had the preferable
fair-value-based method been used. Public entities (other than those filing as
small business issuers) were required to apply Statement 123(R) as of the first
interim or annual reporting period that began after June 15, 2005.

In March 2005, the SEC released Staff Accounting Bulletin No.
107, Share-Based Payment (SAB 107), which provided interpretive guidance
related to the interaction between SFAS 123(R) and certain SEC rules and
regulations. It also provided the SEC staffs views regarding valuation of
share-based payment arrangements. In April 2005, the SEC amended the compliance
dates for SFAS 123(R), to allow companies to implement the standard at the
beginning of their next fiscal year, instead of the next reporting period
beginning after June 15, 2005. Management adopted SFAS 123(R) at inception
August 1, 2006.

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- 8 -

NOTE 3 - COMMITMENTS AND CONTINGENCIES

There were no contingent liabilities as at January 31, 2008.

A property lease was entered into March 7, 2007 by the
principals of the Company on behalf of the Company for a retail store at 8010
Melrose Avenue, Los Angeles, California: The terms of the lease call for a five
year lease beginning March 15, 2007 at a flat rate of $7,900 per month, and
ending July 15, 2012. Rent for April, May, June, and July 2007 was abated. This
was during the construction period of improvements to a retail store. The lease
provides for an option to renew for five years at a re-negotiated rent.

Future minimum lease payments required under the lease are as
follows, for fiscal years ending October 31:

2008
    $
    94,8002009
    
    94,8002010
    
    94,8002011
    
    94,8002012
    
    71,100Total minimum lease payments
    $
    450,300


NOTE 4  CAPITAL STRUCTURE

Common Stock Transactions during the period from inception
August 1, 2006 through January 31, 2008

On August 31, 2006, the company issued 1,500,000 shares of its
common stock to a single investor at a price of $0.01 per share for a total of
$15,000.

On October 31, 2006 the Company issued a total of 1,550,000
shares of its common stock to 27 investors. The shares were sold at $0.02 for a
total of $31,000.

As of October 31, 2005, the Company had authorized 75,000,000
of $0.001 par common stock, of which 3,050,000 shares were issued and
outstanding.

On November 8, 2006, the Company issued a total of 450,000
shares of its common stock to 5 investors. The shares were sold at $0.02
realizing $9,000.

On June 11, 2007 a fourteen (14) for one (1) forward stock
split was effected of authorized, issued and outstanding common stock.
Authorized capital was increased from 75,000,000 shares to 1,050,000,000 shares.
Issued and outstanding capital was increased from 3,060,000 to 42,840,000
shares. Par value of $0.001 per common share remained the same.

On August 31, 2007, the Company issued a total of 5,272,000
shares of common stock at a price of $1.00 per share for consultants fees
valued at $5,272,000.

On August 31, 2007, the Company issued $2,215,000 shares of
common stock for cash at a price of $1.00 per share, realizing $2,215,000 before
fees.

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- 9 -

As of January 31, 2008 the Company had authorized 75,000,000
shares of $0.001 par value common stock, of which 56,487,000 shares were issued
and outstanding.

NOTE 5  LITIGATION

There were no legal proceedings against the Company with
respect to matters arising in the ordinary course of business.

---

- 10 -

Item 2. Managements Discussion and Analysis or Plan of
Operation.

Corporate History

Our company was incorporated in the State of Nevada on August
1, 2006. Effective June 11, 2007, we completed a merger with our subsidiary
Dussault Apparel Inc. As a result, we changed our name from Release Your Lease
Inc. to Dussault Apparel Inc. We changed the name of our company to better
reflect the anticipated direction and business of our company.

On June 11, 2007 we effected a fourteen (14) for one (1)
forward stock split of our authorized, issued and outstanding shares. As a
result, our authorized capital increased from 75,000,000 shares of common stock
with a par value of $0.001 to 1,050,000,000 shares of common stock with a par
value of $0.001. Our issued and outstanding share capital increased from
3,500,000 shares of common stock to 49,000,000 shares of common stock.

Our common shares are quoted for trading on the OTCBB under the
symbol DUSS.

The address of our principal executive office is 8010 Melrose
Avenue, Los Angeles California, 90046-7010. Our telephone number is (866)
841-2010.

Since inception our business was to create a web-based service
for buyers and sellers of leased automobiles. A decision was made by new
management, to change the corporate direction of our company to pursue
opportunities in the retail fashion industry.

Plan of Operations

General Overview

We remain an early stage company that has only recently
commenced active operations. As noted below we have only recently been
generating revenue from our retail sales. Our primary concerns in regards to our
efforts to maintain and expand our business and increase our revenues are:

- market acceptance of our products;
- our ability to successfully compete with other more established companies
  who provide similar products; and
- our short term funding requirements until we achieve a break-even level of
  operations.

While we are encouraged by the recent increases in sales and
revenues ($145,976 for the quarter ended January 31, 2008 compared to $Nil for
the quarter ended January 31, 2007), we realize that in order for this trend to
continue we must establish and maintain a significant share of our target market
for the sales of our products. The only measurement that we have for
ascertaining whether or not the market is accepting our products, and whether or
not we are successfully competing in such market, is whether our revenues are
increasing on a month to month basis. As we are an early stage company, and
until we achieve a more substantial level of operations and have greater
resources available to us, it will be difficult to analyze how we are doing in
terms of our efforts to obtain additional market share and successfully compete
in the retail market, other than by looking to our revenues as a benchmark.

Until we are able to generate material revenues from operations
we must limit our expenses as much as possible. To date the majority of our
expenses have been as a result of the acquisition of inventory, start up costs
in regards to our retail operations, and stock compensation expenses due to
share issuances to certain directors, officers and employees. Once we are no
longer faced with such expenses, we anticipate that our ongoing operating
expenses will be at a manageable level, provided that we at least maintain our
current level of revenues and locate some additional financing.

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- 11 -

Results of Operations  Quarter ended January 31, 2008
compared to quarter ended January 31, 2007

The following summary of our results of operations should be
read in conjunction with our consolidated financial statements for the quarter
ended January 31, 2008 which are included herein.

Our operating results for the quarter ended January 31, 2008
and for the quarter ended January 31, 2007 are summarized as follows:

Quarter Ended January 31,
      2008
    
    Quarter Ended January 31,
      2007Revenue
    $
    145,976
    $
    NilExpensesSalaries & Wages
    $
    100,033
    $
    NilStart-Up Costs
    $
    Nil
    $
    NilOther administrative Expenses
    $
    565,315
    $
    159Professional fees
    $
    26,685
    $
    9,000


We incurred a net loss of $700,740 for the quarter ended
January 31, 2008 compared to a net loss of $9,159 for the quarter ended January
31, 2007. The loss was primarily as a result of salaries and wages, start up
costs in regards to our retail operations, and stock compensation expenses due
to share issuances to certain directors, officers and employees.

We recognized an increase in revenues to $145,976 for the
quarter ended January 31, 2008. During the quarter ended January 31, 2007, we
did not recognize any revenues. The increase in revenue was primarily due to
opening our initial retail outlet on Melrose Drive in Los Angeles in November of
2007. Our operating loss during the quarter ended January 31, 2008 was $700,740.

We experienced an increase in general and administration
expenses during the quarter ended January 31, 2008 of $692,033, as compared to
general and administration expenses for the quarter ended January 31, 2007 of
$9,159. This increase was primarily due to the increased salaries and wages,
professional fees and other administrative expenses.

As of January 31, 2008 our current assets were $2,218,164,
compared to current assets of $43,687 as at January 31, 2007.

As of January 31, 2008, we had a working capital of $868,087,
compared to working capital of $43,687 as at January 31, 2007.

Liquidity and Capital Resources

Our principal capital resources have been through the issuance
of common stock, although we may use shareholder loans, advances from related
parties, or borrowing in the future.

As at January 31, 2008 we had $78,927 of cash on hand. As at
January 31, 2008, our total current assets were $2,218,164, which consisted
primarily of inventory of $2,055,962, cash on hand as noted above and accounts
receivable of $83,275.

While our revenue from sales has been increasing from period
  to period, there is no guarantee that this will continue, or will increase to
  a sufficient level to fund our operations. However, as our revenues and cash
  flow from operations increase, we look forward to relying less on the sale of
  stock and advances from related parties in order to finance our operations.

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- 12 -

As at January 31, 2008, our total current liabilities increased
to $1,350,077 from $Nil at January 31, 2007, primarily reflecting an increase in
subscription receivable of $1,335,318.

We do not anticipate any material changes in the cost or
requirements relating to the capital resources required to conduct our
operations. We do not have any obligations regarding, and do not intend on
making, any material capital expenditures.

Historically, we have financed our cash flow and operations
from the sale of stock and advances from shareholders. During the quarter ended
January 31, 2008, did not receive funds from the sale of our stock or from
advances from shareholders. At January 31, 2008 we had cash on hand of $78,927.
These funds will not be sufficient for us to address our minimum current and
ongoing expenses, and as a result we may have to restrict or eliminate expenses
associated with the marketing and promotion activity connected with the
development and marketing of our products and expansion of our retail
operations. However, we cannot satisfy our minimum cash requirements for the
year ending October 31, 2008 without further funding. As we will require
additional monies during 2008, we hope to raise any such additional capital
primarily through the private placement of our securities or advances from
related parties.

For the quarter ended January 31, 2008, we incurred operating
expenses of $692,033.

We have no external sources of liquidity in the form of credit
lines from banks. Based on our future operations described below, management
believes that our available cash will not be sufficient to fund our working
capital requirements in the near future and therefore, we will have to raise
financing through the sale of our equity securities or arrange an advance from
shareholders of our company.

Future Operations

Presently, our revenues are not sufficient to meet our
operating and capital expenses. Management projects that we will require
additional funding to maintain and expand our current operations.

Our capital requirements are difficult to plan in light of our
current strategy to expand our customer base and retail operations for our
products. Since our inception, we have been dependent on investment capital as
an important source of liquidity. Our operations presently are generating
negative cash flow, and we do not expect positive cash flow from operations in
the near term. We need to secure additional working capital in the short-term in
order to sustain our operations and execute our business plan. It is our
intention to raise sufficient funds necessary to carry our company through to
positive cash flow and profitability. We have incurred operating losses since
inception, and this is likely to continue into the year ended October 31, 2008.

Management believes that our products will become increasingly
popular in our targeted market segment and that if we are successful at building
our brand and showing consistent sales growth that we may be successful at
completing future equity or debt financings.

We are pursuing various financing alternatives to meet our
immediate and long-term financial requirements, which we anticipate will consist
of further private placements of equity securities, advances from related
parties or shareholder loans. We plan to rely on loans from management to meet
our short term cash requirements. We have not entered into any definitive
agreements with any shareholders or related parties for the provision of loans
or advances. There can be no assurance that additional financing will be
available to us when needed or, if available, that it can be obtained on
commercially reasonable terms. If we are not able to obtain the additional
financing on a timely basis, or generate significant material revenues from
operations, we will not be able to meet our other obligations as they become due
and we will be forced to scale down or perhaps even cease our operations.

Immediate Objectives

Our primary objective in the next twelve months will be to
further develop and expand our retail store locations and increase sales in such
locations as they open.

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- 13 -

Cash Requirements

We anticipate that we will require up to $830,000 for the 12
months ending January 31, 2009 to implement our expansion plans. Specifically,
we estimate our operating expenses and working capital requirements for the next
12 months to be as follows:

Estimated Funding Required During the Twelve Month Period
Ending October 31, 2008

Design and Development Activities
    $
    60,000Officer and Employee Compensation
    
    500,000Sales and Marketing
    
    140,000Legal, Accounting and Professional Fees
    
    40,000General and Administrative
    
    90,000Total
    $
    830,000


There can be no assurance that additional financing will be
available to us when needed or, if available, that it can be obtained on
commercially reasonable terms. If we are not able to obtain the additional
financing on a timely basis, if and when it is needed, we will be forced to
scale down or perhaps even cease the operation of our business.

Retail Locations

On November 8, 2007, we opened our first retail location on
Melrose Avenue, California. Our Melrose location features womens and mens
Ready-To-Wear collections as well as jewelry, luggage and headwear.

Purchase of Significant Equipment

We do not intend to purchase any significant equipment over the
twelve months ending January 31, 2009 other than the completion of our first
retail location and the purchase of equipment associated with that.

Employees

As at January 31, 2008 we had <> employees. We expect to
hire additional employees over the next 12 month period as we expand into the
retail fashion industry. We do and will continue to outsource contract
employment as needed.

Off-Balance Sheet Arrangements

Our company has no outstanding derivative financial
instruments, off-balance sheet guarantees, interest rate swap transactions or
foreign currency contracts. Neither our company nor our operating subsidiaries
engage in trading activities involving non-exchange traded contracts.

Going Concern

We have suffered recurring losses from operations. The
continuation of our company as a going concern is dependent upon our company
attaining and maintaining profitable operations and raising additional capital.
The financial statements do not include any adjustment relating to the recovery
and classification of recorded asset amounts or the amount and classification of
liabilities that might be necessary should our company discontinue operations.

CRITICAL ACCOUNTING POLICIES

Our financial statements and accompanying notes are prepared in
accordance with generally accepted accounting principles used in the United
States. Preparing financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue,
and expenses. These estimates and assumptions are affected by management's
application of accounting policies. We believe that understanding the basis and
nature of the estimates and assumptions involved with the following aspects of
our consolidated financial statements is critical to an understanding of our
financials.

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- 14 -

Income Taxes

We utilize SFAS No. 109, Accounting for Income Taxes, which
requires the recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been included in the financial
statements or tax returns. Under this method, deferred tax assets and
liabilities are determined based on the difference between the tax basis of
assets and liabilities and our financial reporting amounts based on enacted tax
laws and statutory tax rates applicable to the periods in which the differences
are expected to affect taxable income. Valuation allowances are established,
when necessary, to reduce deferred tax assets to the amount expected to be
realized. We generated deferred tax credits through net operating loss
carryforwards. However, a valuation allowance of 100% has been established, as
the realization of the deferred tax credits is not reasonably certain, based on
going concern considerations outlined below.

Going Concern

Our financial statements are prepared using accounting
principles generally accepted in the United States of America applicable to a
going concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business. As at January 31, 2008 we had not
established an ongoing source of revenues sufficient to cover our operating
costs and to allow us to continue as a going concern. We opened our planned
retail outlet in November 2007, however the ability of us to continue as a going
concern is dependent on the successful stimulation of sales in order to fund
operating losses and become profitable. If we are unable to make it profitable,
we could be forced to cease development of operations. Management cannot provide
any assurances that we will be successful in our retail operation. The
accompanying financial statements do not include any adjustments that might be
necessary if we are unable to continue as a going concern.

Development-Stage Company

We are considered a development-stage company, with limited
operating revenues during the periods presented, as defined by Statement of
Financial Accounting Standards (SFAS) No. 7. SFAS. No. 7 requires companies to
report their operations, shareholders deficit and cash flows since inception
through the date that revenues are generated from managements intended
operations, among other things. Management has defined inception as August 1,
2006. Since inception, we have incurred operating losses totaling $6,624,544.
Our working capital has been generated through the sales of common stock.
Management has provided financial data since August 1, 2006 Inception in the
financial statements, as a means to provide readers of our financial information
to make informed investment decisions.

Accounts Receivable

We shipped inventory at wholesale prices to ten retail outlets
in October of 2007 totaling $102,944. Payment terms varied. As at January 31,
2008 $83,275 remained outstanding, and none of the terms have been defaulted
upon. An accounting policy for allowance for doubtful accounts has not been
established because of insufficient experience. Customers were qualified by
management from prior business arrangements, and management expects the
remaining amount of $83,275 will be collected in the balance of the fiscal
year.

Inventory

Inventories are stated at the lower of cost or market value.
Market value represents net realizable value. Inventories are priced by the
Retail Inventory (average cost) method. A perpetual inventory system is
maintained.

Property and Equipment

Fixtures and equipment are stated at cost less accumulated
depreciation. Major additions, betterment and rental improvements during the
construction phase of the retail store April through October 2007 are
capitalized. Maintenance and repairs are expensed currently. Fixtures and
equipment including leasehold improvements totaling $68,640 were installed in a
leased retail store following possession in March, 2007, and a further $37,444
in the first quarter of the current fiscal year. As at January 31, 2008 the
store was not in full operations, and these assets not being in service were
not depreciated in the first quarter. An accounting evaluation was made in the
first quarter for assets abandoned or obsolescent and written down by $56,716.

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- 15 -

Loss Per Share

Net loss per share is calculated in accordance with SFAS 128,
Earnings Per Share, for the periods presented. Basic net loss per share is based
upon the weighted average number of common shares outstanding. Diluted net loss
per share is based on the assumption that all dilutive convertible shares and
stock options were converted or exercised. We have no potentially dilutive
securities as of October 31, 2007.

On June 11, 2007 a forward stock split of Common Stock occurred
on a 14 for 1 basis. The loss per share for the periods presented has been
calculated accordingly, giving retroactive effect to the forward stock split.

The following is a reconciliation of the numerators and
denominators of the basic and diluted earnings per share computations for the
three months ended January 31, 2008 and 2007:

2008
    
    
    2007Basic and diluted net loss
      per share:NumeratorNet (Loss)
    $
    (700,740
    )
    $
    ( 9,159
    )DenominatorBasic and diluted weighted averagenumber of shares
      outstanding
    
    56,487,000
    
    
    3,440,984Basic and Diluted Net Loss Per Share
    $
    (0.012
    )
    $
    (0.003
    )


Recent Accounting Pronouncements

In December 2004, the FASB issued SFAS No.123 (revised 2004),
"Share-Based Payment". Statement 123(R) will provide investors and other users
of financial statements with more complete and neutral financial information by
requiring that the compensation cost relating to share-based payment
transactions be recognized in financial statements. That cost will be measured
based on the fair value of the equity or liability instruments issued. Statement
123(R) covers a wide range of share-based compensation arrangements including
share options, restricted share plans, performance-based awards, share
appreciation rights, and employee share purchase plans. Statement 123(R)
replaces FASB Statement No. 123, Accounting for Stock-Based Compensation, and
supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees.
Statement 123, as originally issued in 1995, established as preferable a
fair-value-based method of accounting for share-based payment transactions with
employees. However, that Statement permitted entities the option of continuing
to apply the guidance in Opinion 25, as long as the footnotes to financial
statements disclosed what net income would have been had the preferable
fair-value-based method been used. Public entities (other than those filing as
small business issuers) were required to apply Statement 123(R) as of the first
interim or annual reporting period that began after June 15, 2005.

In March 2005, the SEC released Staff Accounting Bulletin No.
107, Share-Based Payment (SAB 107), which provided interpretive guidance
related to the interaction between SFAS 123(R) and certain SEC rules and
regulations. It also provided the SEC staffs views regarding valuation of
share-based payment arrangements. In April 2005, the SEC amended the compliance
dates for SFAS 123(R), to allow companies to implement the standard at the
beginning of their next fiscal year, instead of the next reporting period
beginning after June 15, 2005. Management adopted SFAS 123(R) at inception
August 1, 2006.

RISK FACTORS

Much of the information included in this quarterly report
includes or is based upon estimates, projections or other forward-looking
statements. Such forward-looking statements include any projections or
estimates made by us and our management in connection with our business
operations. While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein.

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- 16 -

Such estimates, projections or other forward-looking
statements involve various risks and uncertainties as outlined below. We
caution the reader that important factors in some cases have affected and, in
the future, could materially affect actual results and cause actual results to
differ materially from the results expressed in any such estimates, projections
or other forward-looking statements.

Our common shares are considered speculative during the
development of our new business operations. Prospective investors should
consider carefully the risk factors set out below.

RISKS RELATED TO OUR BUSINESS

We have had minimal cash flows from operations and if we are
not able to obtain further financing we may be forced to scale back or cease
operations or our business operations may fail.

To date we have had minimal cash flows from operations and we
have been dependent on sales of our equity securities to meet our cash
requirements. As of January 31, 2008, we had working capital of $868,087. We do
not expect positive material cash flow from operations in the near term. We have
estimated that we may require up to $830,000 to carry out our plan in regards to
retail fashion during the twelve month period ended January 31, 2009. However,
there is no assurance that actual cash requirements will not exceed our
estimates.

We depend on third parties for significant elements of our
sales and distribution efforts. If these third parties do not continue to assist
us in our sales and distribution, our revenue could decrease, which would have
an adverse impact on our business.

We have limited marketing efforts. We depend substantially upon
third parties for several critical elements of our business including, among
other things, sales and distribution activities. There can be no assurance that
we or these third parties will be able to establish or maintain adequate sales
and distribution capabilities, that we will be able to enter into agreements or
relationships with third parties in additional territories on financially
acceptable terms or that any third parties with whom we enter into such
arrangements will be successful in selling or distributing our products. If they
are not, our business could be negatively impacted. Also, if we are unable to
maintain our relationships with these sales agents and distributors or if these
sales agents and distributors begin selling our competitors products, then our
ability to generate revenues through the sale of our products could be
negatively impacted.

Changes to government regulation and supervision could have
an adverse effect on our business.

Any negative changes to international trade agreements and
regulations such as NAFTA or any agreements affecting international trade such
as those made by the World Trade Organization which result in a rise in trade
quotas, duties, taxes and similar impositions or which has the result of
limiting the countries from whom we can purchase our fabric or other component
materials, or limiting the countries where we might market and sell our
products, could have an adverse effect on our business.

Changes in trends may cause uncertainties with respect to
the growth of our company and can effect our ability to generate revenues

Our ability to generate revenues in the future is dependent on
whether we successfully develop our products and create a marketable product and
license or otherwise commercialize our products. We cannot predict whether or
when this may happen and this causes uncertainty with respect to the growth of
our company and our ability to generate revenues.

RISKS RELATED TO OUR COMMON STOCK

Trading in our common shares on the OTC Bulletin Board is
limited and sporadic making it difficult for our shareholders to sell their
shares or liquidate their investments.

Our common shares are currently listed for public trading on
the OTC Bulletin Board. The trading price of our common shares has been subject
to wide fluctuations. Trading prices of our common shares may fluctuate in

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- 17 -

response to a number of factors, many of which will be beyond
our control. The stock market has generally experienced extreme price and volume
fluctuations that have often been unrelated or disproportionate to the operating
performance of companies with no current business operation. There can be no
assurance that trading prices and price earnings ratios previously experienced
by our common shares will be matched or maintained. These broad market and
industry factors may adversely affect the market price of our common shares,
regardless of our operating performance.

In the past, following periods of volatility in the market
price of a companys securities, securities class-action litigation has often
been instituted. Such litigation, if instituted, could result in substantial
costs for us and a diversion of managements attention and resources.

Our stock is a penny stock. Trading of our stock may be
restricted by the SECs penny stock regulations which may limit a stockholders
ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange
Commission has adopted Rule 15g-9 which generally defines penny stock to be
any equity security that has a market price (as defined) less than $5.00 per
share or an exercise price of less than $5.00 per share, subject to certain
exceptions. Our securities are covered by the penny stock rules, which impose
additional sales practice requirements on broker-dealers who sell to persons
other than established customers and accredited investors. The term
accredited investor refers generally to institutions with assets in excess of
$5,000,000 or individuals with a net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock
rules require a broker-dealer, prior to a transaction in a penny stock not
otherwise exempt from the rules, to deliver a standardized risk disclosure
document in a form prepared by the SEC which provides information about penny
stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
salesperson in the transaction and monthly account statements showing the market
value of each penny stock held in the customers account. The bid and offer
quotations, and the broker-dealer and salesperson compensation information, must
be given to the customer orally or in writing prior to effecting the transaction
and must be given to the customer in writing before or with the customers
confirmation. In addition, the penny stock rules require that prior to a
transaction in a penny stock not otherwise exempt from these rules, the
broker-dealer must make a special written determination that the penny stock is
a suitable investment for the purchaser and receive the purchasers written
agreement to the transaction. These disclosure requirements may have the effect
of reducing the level of trading activity in the secondary market for the stock
that is subject to these penny stock rules. Consequently, these penny stock
rules may affect the ability of broker-dealers to trade our securities. We
believe that the penny stock rules discourage investor interest in and limit the
marketability of our common stock.

FINRA sales practice requirements may also limit a
stockholders ability to buy and sell our stock and may have an adverse effect
on the market for our shares.

In addition to the penny stock rules promulgated by the
Securities and Exchange Commission, FINRA has adopted rules that require that in
recommending an investment to a customer, a broker-dealer must have reasonable
grounds for believing that the investment is suitable for that customer. Prior
to recommending speculative low priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information
about the customers financial status, tax status, investment objectives and
other information. Under interpretations of these rules, FINRA believes that
there is a high probability that speculative low priced securities will not be
suitable for at least some customers. FINRA requirements make it more difficult
for broker-dealers to recommend that their customers buy our common stock, which
may limit your ability to buy and sell our stock and have an adverse effect on
the market for our shares.

Item 3. Controls and Procedures.

As required by Rule 13a-15 under the Exchange Act, we have evaluated
  the effectiveness of the design and operation of our disclosure controls and
  procedures at January 31, 2008, which is the end of the period covered by this
  report. This evaluation was carried out by our principal executive officer and
  our principal financial officer. Based on this evaluation, our principal executive
  officer and our principal financial officer have concluded that the design and
  operation of our disclosure controls and procedures are effective as at the
  end of the period covered by this report. There were no changes in our internal
  control over financial reporting or in other factors that have materially affected,
  or are reasonably likely to materially affect, our internal control over financial
  reporting in our most recent fiscal quarter.

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- 18 -

Disclosure controls and procedures are controls and other
procedures that are designed to ensure that information required to be disclosed
by our company in the reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported, within the time periods specified
in the SEC's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed by our company in the reports that we file or submit
under the Exchange Act is accumulated and communicated to our management,
including our principal executive officer and our principal financial officer,
as appropriate, to allow timely decisions regarding required disclosure.

PART II - OTHER INFORMATION

Item
1.               
Legal Proceedings

We know of no material, active or pending legal proceedings
against our company, nor are we involved as a plaintiff in any material
proceeding or pending litigation. There are no proceedings in which any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

Item
2.               
Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3.               
Defaults Upon Senior Securities

None.

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

None.

Item
5.               
Other Information

None.

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- 19 -

Item
6.               
Exhibits

Exhibits required by Item 601 of Regulation S-B

|Exhibit | Description                                                                                                                                                                                            
|------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                                                                                        
|        |                                                                                                                                                                                                        
|(3)     | Articles
        of Incorporation and By-laws                                                                                                                                                          
|        |                                                                                                                                                                                                        
|3.1     | Articles of
        Incorporation (incorporated by reference from our Registration Statement
        on Form SB-2 filed on January 11, 2007).                                                          
|        |                                                                                                                                                                                                        
|3.2     | Bylaws (incorporated
        by reference from our Registration Statement on Form SB-2 Filed on January
        11, 2007).                                                                             
|        |                                                                                                                                                                                                        
|3.3     | Articles of
        Merger filed with the Nevada Secretary of State on May 29, 2007 (incorporated
        by reference from our Current Report on Form 8-K filed on June 16, 2007).                    
|        |                                                                                                                                                                                                        
|3.4     | Certificate
        of Change filed with the Nevada Secretary of State on May 29, 2007 (incorporated
        by reference from our Current Report on Form 8-K filed on June 16, 2007).                 
|        |                                                                                                                                                                                                        
|(10)    | Material
        Contracts                                                                                                                                                                             
|        |                                                                                                                                                                                                        
|10.1    | Employment Agreement
        dated June 22, 2007, between our company and Terry Fitzgerald incorporated
        by reference from our Current Report on Form 8-K filed on June 25, 2007).              
|        |                                                                                                                                                                                                        
|10.2    | Letter of Intent
        dated June 25, 2007, between our company and Dussault Jeans Inc. (incorporated
        by reference from our Current Report on Form 8-K filed on July 2, 2007).               
|        |                                                                                                                                                                                                        
|10.3    | Letter of Intent
        dated November 5, 2007 between our company and Dussault Jeans Inc. (incorporated
        by reference from our Current Report on Form 8-K filed on November 5,
        2007). 
|        |                                                                                                                                                                                                        
|10.4    | Consulting Agreement
        dated July 19, 2007, between our company and Jason Sundar (incorporated
        by reference from our Annual Report on Form 10-KSB filed on February 13,
        2008)    
|        |                                                                                                                                                                                                        
|10.5    | Consulting Agreement
        dated July 19, 2007, between our company and Robert Mintak (incorporated
        by reference from our Annual Report on Form 10-KSB filed on February 13,
        2008)   
|        |                                                                                                                                                                                                        
|10.6    | Bridge Loan
        Agreement dated July 19, 2007, between our company and Dussault Jeans
        Inc. (incorporated by reference from our Current Report on Form 8-K filed
        on August 1, 2007).
|        |                                                                                                                                                                                                        
|(31)    | Section 302
        Certification                                                                                                                                                                      
|        |                                                                                                                                                                                                        
|31.1*   | Certification
        Statement of the Principal Executive Officer pursuant to Section 302 of
        the Sarbanes-Oxley Act of 2002.                                                                  
|        |                                                                                                                                                                                                        
|31.2*   | Certification
        Statement of the Principal Accounting Officer pursuant to Section 302
        of the Sarbanes- Oxley Act of 2002.                                                                
|        |                                                                                                                                                                                                        
|(32)    | Section 906
        Certification                                                                                                                                                                      
|        |                                                                                                                                                                                                        
|32.1*   | Certification
        Statement of the Principal Executive Officer pursuant to 18 U.S.C. Section
        1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act Of
        2002.           
|        |                                                                                                                                                                                                        
|32.2*   | Certification
        Statement of the Principal Accounting Officer pursuant to 18 U.S.C. Section
        1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act Of
        2002.          

* **Filed herewith.**

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- 20 -

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

DUSSAULT APPAREL INC.



By: */s/ Terry Fitzgerald*
  Terry Fitzgerald 
  President, Chief Executive Officer & Director 
  (Principal Executive Officer) 
  Dated: March 24, 2008



By: */s/ Jamie Arthur Lewin* 
  Jamie Arthur Lewin 
  Chief Financial Officer 
  (Principal Financial Officer and Principal Accounting Officer) 
  Dated: March 24, 2008

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