U.S. SECURITIES AND EXCHANGE COMMISSION
			Washington, D.C. 20549

				Form 10-QSB

	(Mark One)
	X...Quarterly report under section 13 or 15(d) of the Securities
	Exchange Act of 1934 for the quarterly period ended November 30, 2001.

	....Transition report under section 13 or 15(d) of the Securities
	Exchange Act of 1934 [No Fee Required] for the transition period
	from _________ to _________.

	Commission File No:   0-21951

			THE HERITAGE ORGANIZATION, INC.
		   (Name of small business in its charter)

			Colorado                     84-1356383
		(State or other jurisdiction    (IRS Employer Id. No.)
		 of Incorporation)

		5001 Spring Valley Road, Suite 800, East Tower
		Dallas,  Texas                 	      75244
		(Address of Principal Office)        Zip Code

		Issuer's telephone number:    (972) 991-0001

			  Buffalo Capital III, Ltd.
			(former name of small business)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes ..X.. No ....

Applicable only to issuers involved in bankruptcy proceedings during the past
five years.

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the 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.  At November 30, 2001, the
following shares of common were outstanding:  Common Stock, no par value,
14,000,000 shares.

Transitional Small Business Disclosure Format (Check one):
Yes .....     No ..X..


PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  The unaudited financial statements of registrant for the three months
ended November 30, 2001, follow.  The financial statements reflect all
adjustments which are, in the opinion of management, necessary to a fair
statement of the results for the interim period presented.


		THE HERITAGE ORGANIZATION, INC.
		(A Development Stage Company)
		    FINANCIAL STATEMENTS


		Quarter Ended  November 30, 2001
		THE HERITAGE ORGANIZATION, INC.
		(A Development Stage Company)

Balance Sheet
Statement Operations
Statements of Cash Flows
Notes to Financial Statements


	<page>
			THE HERITAGE ORGANIZATION, INC.
			(A Development Stage Company)
				BALANCE SHEET
			       November 30, 2001
				(unaudited)


  ASSETS


CURRENT ASSETS
     Cash and cash equivalents				$  1,449
       							--------
	Total current assets				   1,449
		       					--------
	TOTAL ASSETS					$  1,449
							========
  LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Notes payable - related party			$ 13,000
     Accrued interest 					     166
							--------
Total current liabilities				$ 13,166

STOCKHOLDERS' EQUITY
     Preferred stock, no par value, 10,000,000
	shares authorized;no shares issued
	and outstanding					       -

     Common Stock, no par value; 100,000,000
	shares authorized;14,000,000 shares
	issued and outstanding.				   8,500

     Additional paid-in capital     		          81,759

     Deficit accumulated during the
	development stage				(101,976)
							---------
Total stockholders' equity				 (11,717)
							---------
	TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 	$  1,449
							=========



The accompanying notes are an integral part of the financial statements.

<page>

		THE HERITAGE ORGANIZATION, INC.
		 (A Development Stage Company)
		    STATEMENTS OF OPERATIONS
			(unaudited)


<table>
	
			  <c>		     <c>		   <c>		     <c>		  <c>
				Period from
				 Inception	      For the	        For the		     For the		 For the
			      (August 28, 1996)	   three months	      three months	   six months	       six months
				     to		       ended	         ended		     ended		 ended
			      November 30, 2001  November 30, 2001  November 30, 2000	November 30, 2001   November 30, 2000
			      -----------------	 -----------------  -----------------	-----------------   -----------------
REVENUES
  Investment Income		$	5		$	-	$	-	   $       -		$	-
				---------		---------	---------	   ---------		---------

EXPENSES
  Amortization			      300			-	        - 		   -			-
  Bank charges			      103			-		-		   -			-
  Consulting fees		   62,800			-		-		   -			-
  Directors' fees		      200			-		-		   -			-
  Interest expense		    1,826		      280	      143		 565		      272
  Filing fee		 	      205		        -	        -		   -			-
  Legal and professional	   30,843		      600	    2,162	       2,186		    2,478
  Office expense		    2,554		    	-	        -		   -  			-
  Rent expense 			    3,150		      150	      150		 300		      300
				---------- 		---------- 	----------	   ----------	        ----------
	Total expenses		  101,981		    1,030	    2,455	       3,051		    3,075
				---------- 		----------  	----------	   ----------	        ----------
NET LOSS			 (101,976)		   (1,030)	   (2,455)	      (3,051)	   	   (3,075)

Accumulated deficit

  Balance, beginning of period		-		 (100,946)	  (94,205)           (98,925)	  	  (93,585)
				----------		----------	----------	   ----------		----------
  Balance, end of period	$(101,976)		$(101,976)	$ (96,660)	   $(101,976)		$ (96,660)
				==========		==========	==========	   ==========		==========
NET LOSS PER SHARE		$   (0.01)		$   (0.00)	$   (0.00)	   $   (0.00)		$   (0.00)
				==========		==========	==========	   ==========		==========
WEIGHTED AVERAGE NUMBER OF
     SHARES OUTSTANDING		 7,206,465		14,000,000	14,000,000	   14,000,000		14,000,000
				==========		==========	==========	   ==========		==========



The accompanying notes are an integral part of the financial statements.

</table>
<page>


  		 THE HERITAGE ORGANIZATION, INC.
		  (A Development Stage Company)
	             STATEMENTS OF CASH FLOWS
			(unaudited)

<table>
	
						     <c>		   <c>		  <c>
				 		 	  Period from	         For the	  For the
				 		 	   Inception		six months 	 six months
							(August 28, 1996)	  ended		   ended
				  		   	  to November 31,	November 31, 	 November 31,
				  		     	      2001		   2001		    2000
							----------------	----------	 ----------

CASH FROM OPERATING ACTIVITIES
   Net loss						$      (101,976)	$   (3,051)	 $  (3,075)
     Adjustments to reconcile
       net loss to net cash
       flows from operating
       activities:
	  Amortization						    300			 -	         -
	  Rent expense					          3,150		       300	       300
	  Expenses paid by shareholders			         15,609			 -		 -
	  Stock issued for directors' fees		         59,960			 -		 -
	  Stock issued for consulting fees		          3,040		         -               -
	  Increase in accounts payable			              -   	        (6)	     1,907
	  Increase in accounts payable-related party		      -			 -	     5,000
	  Increase in accrued interest                              166		      (585)	      (228)
							----------------	-----------	 ----------
	    Net cash flows from operating activities	        (19,751)	    (3,342)	     3,904

CASH FLOWS FROM INVESTING ACTIVITIES
	  Organization costs				           (300)		 -		 -
							----------------	-----------	 ----------
	    Net cash flows from investing activities	           (300)		 -               -

CASH FLOWS FROM FINANCING ACTIVITIES
	  Issuance of common stock			          8,500			 -	 	 -
	  Notes payable - related party				 13,000		     3,000	         -
							----------------	-----------	 ----------
	    Net cash flows from financing activities		 21,500		     3,000  		 -
							----------------	-----------	 ----------
NET INCREASE IN CASH AND CASH EQUIVALENTS			  1,449		      (342)	     3,904

CASH AND CASH EQUIVALENTS,
	BEGINNING OF PERIOD					      -		     1,791	     1,216
							----------------	-----------	 ----------
CASH AND CASH EQUIVALENTS,
	END OF PERIOD					$         1,449		$    1,449	 $   5,120
							================	===========	 ==========



The accompanying notes are an integral part of the financial statements.
</table>
<page>


		THE HERITAGE ORGANIZATION, INC.
		(A Development Stage Company)
		NOTES TO FINANCIAL STATEMENTS
		      November 30, 2001

NOTE 1.  Management's Representation of Interim Financial Information

The accompanying financial statements have been prepared by The Heritage
Organization, Inc. without audit pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted as
allowed by such rules and regulations, and management believes that the
disclosures are adequate to make the information presented not misleading.
These financial statements include all of the adjustments, which in the opinion
of management, are necessary to a fair presentation of financial position and
results of operations.  All such adjustments are of a normal and recurring
nature.  These financial statements should be read in conjunction with the
audited financial statements at May 31, 2001.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Liquidity and Capital Resources.

The Company remains in the development stage, and since inception, has
experienced no significant change in liquidity or capital resources or
stockholders' equity other than the receipt of net proceeds in the amount of
$8,500 from its inside capitalization funds, and $13,000 as a loan from a
principal shareholder.  Consequently, the Company's balance sheet for the
quarter ended November 30, 2001, reflects a total asset value of $1,449.

	The Company does not have sufficient assets or capital resources to pay
its on-going expenses while it is seeking out business opportunities, and it has
no current plans to raise additional capital through sale of securities, or
otherwise.  As a result, although the Company has no agreement in place with its
shareholders or other persons to pay expenses on its behalf, it is currently
anticipated that the Company will rely on loans, if available, from shareholders
or third parties to pay expenses at least until it is able to consummate a
business combination.  There is no assurance that the company will have
sufficient assets or capital to pay its ongoing expenses or continue as a going
concern.

Results of Operations.

	During the period from August 28, 1996 (inception) through November 30,
2001, the Company has engaged in no significant operations other than
organizational activities, acquisition of capital and registering its securities
under the Securities and Exchange Act of 1934, as amended.  No revenues were
received during this period, and the Company experienced a cumulative net loss
of $101,976.

	As of the end of its second quarter ending November 30, 2001, the
Company has not been able to reach any agreement or definitive understanding
with any person concerning a business combination transaction between the
Company and any other entity or business.  At the present time, no prospects
exist for the potential business combination of the Company and any other entity
and none is presently anticipated.

	The Company intends to continue with its previous business plan to seek,
investigate and possibly acquire one or more properties or businesses.  Such an
acquisition may be made by purchase, merger, exchange of stock, or otherwise and
may encompass assets or a business entity, such as a corporation, joint venture,
or partnership.  The Company has very limited capital, and it is unlikely that
the Company will be able to take advantage of more than one such business
opportunity.  The Company intends to seek opportunities demonstrating the
potential of long-term growth as opposed to short-term earnings.

	The Company experienced a net loss of $1,030 for the second quarter,
compared with a loss of $2,455 for the same quarter of the previous fiscal year.
The loss during the second quarter is primarily the result of legal and
accounting costs related to compliance with reporting requirements of the
securities laws.  The Company does not expect to generate any revenue until it
completes a business combination, but it will continue to incur legal and
accounting fees and other costs associated with compliance with its reporting
obligations.  As a result, the Company expects that it will continue to incur
losses each quarter at least until it has completed a business combination.
Depending upon the performance of any acquired business, the Company may
continue to operate at a loss even following completion of a business
combination.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

	This report contains various forward-looking statements that are based
on the Company's beliefs as well as assumptions made by and information
currently available to the Company.  When used in this report, the words
"believe," "expect," "anticipate," "estimate" and similar expressions are
intended to identify forward-looking statements.  Such statements may include
statements regarding seeking business opportunities, payment of operating
expenses, and the like, and are subject to certain risks, uncertainties and
assumptions which could cause actual results to differ materially from
projections or estimates contained herein.  Factors which could cause actual
results to differ materially include, among others, unanticipated delays or
difficulties in location of a suitable business acquisition candidate,
unanticipated or unexpected costs and expenses, competition and changes in
market conditions, lack of adequate management personnel and the like.  Should
one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
anticipated, estimated or projected.  The Company cautions against placing undue
reliance on forward-looking statements all of which speak only as of the date
made.

PART II

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

	(a)	EXHIBIT 27 - FINANCIAL DATA SCHEDULE
	(b)	There were no reports on Form 8-K filed during the quarter ended
		November 30, 2001.


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.

THE HERITAGE ORGANIZATION, INC.
(Registrant)

Date:  January 12, 2001


By: /s/___________________________
	Gary M. Kornman
		Chairman of the Board