U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 10-Q

  [X]  Quarterly  report  pursuant  to  Section  13 or 15(d)  of the  Securities
  Exchange Act of 1934.

  For the quarterly period ended March 31, 1997.

  [ ]  Transition  report  pursuant  to Section  13 or 15 (d) of the  Securities
  Exchange Act of 1934.

        For the transition period from to
        Commission File Number: 0-5367
                         D-LANZ DEVELOPMENT GROUP, INC.
              (Exact name of registrant as specified in its charter


Delaware                                             11-1717709
(State of otherjurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
                  400 Grove Street Glen Rock, New Jersey 07452
                     Address of principal executive offices)


                                 201- 445-8862
              (Registrant's telephone number, including area code)


Former name, former address and former fiscal year, if changed since last report

        Indicate  by check  mark,  whether  the  registrant::  (1) has filed all
reports  required to be filed by Section 13 or 15(d) of the 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        No

        The Company had 1,551,394 shares of common stock outstanding


<PAGE>



                                     PART I
                              FINANCIAL INFORMATION

        Item 1. Financial Statements

        The condensed  financial statements for the periods ended March 31, 1997
included  herein have been  prepared by D-Lanz  Development  Group,  Inc.,  (the
"Company")  without  audit,  pursuant  to  the  rules  and  regulations  of  the
Securities  and  Exchange  Commission  (the  "Commission").  In the  opinion  of
management,  the statements include all adjustments  necessary to present fairly
the  financial  position of the Company as of March 31, 1997, and the results of
operations  and cash flows for the three month  periods ended March 31, 1996 and
1997.

    The Company's results of operations during the three months of the Company's
fiscal year are not necessarily indicative of the results to be expected for the
full fiscal year.

        The  financial  statements  included  in this  report  should be read in
conjunction  with the  financial  statements  and notes thereto in the Company's
Annual  Report on Form 10-K for the fiscal  years  ended  December  31, 1995 and
1996.





<PAGE>
<TABLE>
<CAPTION>

                         D-LANZ DEVELOPMENT GROUP, INC.
                         (A Development Stage Company)
                                  BALANCESHEET

                                     Assets

                                         December 31, December 31,         March
                                         31,
                                         1995             1996             1997

Current assets

<S>                                      <C>               <C>             <C>
    Cash                                 0                 0               0

Total assets                             0                 0               0

Liabilities and Stockholders' Equity     0                 0               0

Commitments and Contingencies            0                 0               0
</TABLE>


Capital stock

    Preferred stock-authorized 5,000,000 shares $.001 par value. At December 31,
1995 and 1996 and March 31, 1997 the number of shares outstanding was -0-

Capital stock-authorized 15,000,000 shares,
par value of $.00 1. At December 31,
1995 and 1996 and March 31, 1997 the
number of shares outstanding was 1,551,394.$1,551        $1,551          $1,551

Additional paid in capital               (1,551)         (1,551)         (1,551)
Total stockholders' equity               -0-             -0-              -0-

Total liabilities and stockholders' equity-0-             -0-              -0-







             See    accompanying    notes   to    financial statements.



<PAGE>


<TABLE>
<CAPTION>


                                         D-LANZ DEVELOPMENT GROUP, INC.
                                         (A Development Stage Company)
                                           STATEMENT OF OPERATIONS

                          For the year For the year For the three  For the three
                                ending       ending  months ended   months ended
                           December 3l, December 3l,     March 31,     March 31,
                                  1995         1996          1996           1997
<S>                               <C>          <C>           <C>            <C>
Income                            $-0-         $-0-          $-0-           $-0-

Less costs of goods sold           -0-         $-0-          $-0-           $-0-

Gross profit                       -0-         $-0-          $-0-           $-0-

Operations:
General and administrative         -0-         $-0-          $-0-           $-0-
Depreciation and amortization      -0-         $-0-          $-0-           $-0-
Total expense                      -0-         $-0-          $-0-           $-0-

Profit from operations and before  -0-         $-0-          $-0-           $-0-
Corporate income tax expense

Corporate income tax               -0-         $-0-          $-0-           $-0-

Net profit or (Loss)               -0-         $-0-          $-0-           $-0-

Net income per share               -0-         $-0-          $-0-           $-0-

Average number  of shares        1,551,394   1 ,551,394    1,551,394   1,551,394
outstanding

</TABLE>










                               See accompanying notes to financial statements.




<PAGE>


<TABLE>
<CAPTION>

                         D-LANZ DEVELOPMENT GROUP, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS

                           For the year For the year For the three For the three
                                 ending       ending  months ended  months ended
                            December 31, December 31,    March 31,     March 31,
                                   1995         1996          1996          1997
CASH FLOWS FROM OPERATING
ACTIVITIES
<S>                                <C>          <C>           <C>           <C>
Net profit (loss)                  $-O-         $-O-          $-0-          $-0-

Depreciation and amortization      $-O-         $-O-          $-0-          $-0-

TOTAL CASH FLOWS FROM OPERATING    $-O-         $-O-          $-0-          $-0-
ACTIVITIES

CASH FLOWS FROM FINANCING
ACTIVITIES
Commitments and contingencies      $-O-         $-O-          $-0-          $-0-

TOTAL CASH FLOWS FROM FINANCING    $-O-         $-O-          $-0-          $-0-
ACTIVITIES

NET INCREASE (DECREASE) IN CASH    $-O-         $-O-          $-0-          $-0-
CASH BALANCE BEGINNING OF          $-O-         $-O-          $-0-          $-0-
PERIOD
CASH BALANCE END OF PERIOD         $-O-         $-O-          $-0-          $-0-



</TABLE>








               See accompanying notes to financial statements.




<PAGE>


<TABLE>
<CAPTION>

                         D-LANZ DEVELOPMENT GROUP, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY

            Preferred Preferred Common    Common  Additional paid
Date        Stock     Stock     Stock     Stock   in capital        Total

<S>         <C>       <C>       <C>       <C>     <C>               <C>
12-31-1992  -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

12-31-1993  -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

12-31-1994  -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

12-31-1995  -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

12-31-1996  -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

Unaudited
3-31-1997   -0-       $-0-      1,551,394 $1,551  $(1,551)          $-0-

</TABLE>









                 See accompanying notes to financial statements.




<PAGE>


                         D-LANZ DEVELOPMENT GROUP, INC.
                          NOTES TO FINANCIAL STATEMENTS

        NOTE A--BASIS OF PRESENTATION
        The accompanying  unaudited  financial  statements have been prepared in
accordance with generally accepted principles for interim financial  information
as set forth in Article 10 of Regulation S-X.  Accordingly,  they do not include
all of the information and footnotes required by generally  accepted  accounting
principles for complete financial statements. In the opinion of management,  all
necessary  adjustments  (consisting  of normal  recurring  accruals)  considered
necessary for a fair  presentation  have been included.  Operating results of D-
Lanz  Development  Group,  Inc. (the "Company") for the three months ended March
31, 1996 and 1997 are not  necessarily  indicative  of the  results  that may be
expected for the fiscal year ending December 3 1, 1997.

        NOTE B--EARNINGS PER SHARE

        Earnings per share have been  computed on the basis of weighted  average
number of shares outstanding.  The weighted average number of shares outstanding
at March 31, 1996 and 1997 was 1,551,394 and 1,551,394 respectively.

        NOTE C-COMMITMENTS

        The Company had no lawsuits or liabilities pending at March 31, 1996 and
        1997.
        NOTE D--CONTINGENT LIABILITY
        a. Leased Office Space
        The Company  occupies  office space at 400 Grove Street,  Glen Rock, New
Jersey rent free on a month to month basis.
<PAGE>
Item 2. Management's Discussion and Analysis of Plan of operation

Results of Operations

For the year ended December 31, 1996 as compared to the year ended December 31,
1995.

The company has remained inoperative.  Sales, costs of goods sold, gross profit,
operating  expenses  and net profit were $-0- for both the years ended  December
31, 1995 and 1996. The activities of the Company during the years ended December
31, 1995 and 1996 consisted of preparing and filing corporate income tax returns
and filings for the Securities and Exchange Commission.

For the three months ended March 31, 1997 as compared to the three months ended 
March 31, 1996.

The company has remained inoperative.  Sales, costs of goods sold, gross profit,
operating  expenses  and net profit  were $-0- for both the three  months  ended
March 31, 1996 and 1997.  The  activities of the Company during the three months
ended March 31,  1996 and 1997.  consisted  of  preparing  and filing  corporate
income tax returns and filings for the Securities and Exchange Commission.

Liquidity And Capital Resources

As of March 31, 1997,  the Company's  working  capital was a $-0-. The Company's
President has provided the necessary  moneys to sustain the Company's  existence
until a new business purpose can be found.

                                  
<PAGE>



                                     PART II

                                OTHER INFORMATION

Item 1. Legal Proceedings.
No legal proceedings are pending against the Company.

Item 2. Changes in Securities
None.

Item 3. Defaults upon Senior Securities
None.

Item 4. Submission of Matters to a Vote of Security-Holders
None.




<PAGE>




                                   SIGNATURES

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


                                                  D-LANZ DEVELOPMENT GROUP, INC.


                                 /s/Roger Fidler
                                Mr. Roger Fidler,
                                    President


Dated:            October 10, 1997





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