**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**WASHINGTON,        D.C. 20549**

**____________**

**FORM        10-Q**

**(Mark        One)**

| x                                                                  | **QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES****EXCHANGE                  ACT OF 1934**  |
|--------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------|
|                                                               |                                                                                                                               |
| **For                  the quarterly period ended March 31, 2007** |
|                                                               |
| **OR**                                                             |
|                                                               |
| o                                                                  | **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**

**1-11768**

**RELIV’        INTERNATIONAL, INC**
**.**

| Delaware                                                    |   | 371172197                                                  |
|-------------------------------------------------------------|--------|------------------------------------------------------------|
| (State                    or other jurisdiction of          |   | (I.R.S.                    Employer Identification Number) |
| incorporation                    or organization)           |   |                                                       |
|                                                        |   |                                                       |
| 136                    Chesterfield Industrial Boulevard    |   |                                                       |
| Chesterfield,                    Missouri              |   |  63005                                                |
| (Address                    of principal executive offices) |   | (Zip                    Code)                              |

----

**INDEX        **

| PART                  I - FINANCIAL INFORMATION |                                                                            |
|-------------------------------------------------|---------------------------------------------------------------------------------|
|                                            |                                                                            |   |
| Item                  No. 1                     | Financial                  Statements                                           | 1 |
| Item                  No. 2                     | Management’s                  Discussion and Analysis of                  |   |
|                                            | Financial                  Condition and Results of Operations                  | 7 |
| Item                  No. 3                     | Quantitative                  and Qualitative Disclosures Regarding Market Risk | 12 |
| Item                  No. 4                     | Controls                  and Procedures                                        | 12 |
|                                            |                                                                            |   |
| PART                  II - OTHER INFORMATION    |                                                                            |
|                                            |                                                                            |   |
| Item                  No. 1A                    | Risk                  Factors                                                   | 13 |
| Item                  No. 2                     | Unregistered                  Sales of Equity Securities and Use of Proceeds    | 13 |
| Item                  No. 6                     | Exhibits                                                                        | 13 |

----

**PART        I -- FINANCIAL INFORMATION**

**Item          No. 1 - Financial Statements**

|                                                               |   |                      |       |                         |   |
|--------------------------------------------------------------------|--------|---------------------------|------------|------------------------------|--------|
| Reliv                  International, Inc. and Subsidiaries        |   |                      |       |                         |   |
|                                                               |   |                      |       |                         |   |
| Consolidated                  Balance Sheets                       |   |                      |       |                         |   |
|                                                               |   | March                  31 |       | December                  31 |   |
|                                                               |   | 2007                      |       | 2006                         |   |
|                                                               |   | (unaudited)               |       |                         |   |
| Assets                                                             |   |                      |       |                         |   |
|                                                               |   |                      |       |                         |   |
| Current                  assets:                                   |   |                      |       |                         |   |   |   |
| Cash                  and cash equivalents                         |   | $                         | 10,228,771 |                         | $      | 9,332,810 |   |
| Short-term                  investments                            |   |                      | 8,864,000  |                         |   | 7,864,000 |   |
| Accounts                  and notes receivable, less allowances of |   |                      |       |                         |   |   |   |
| $7,000                  in 2007 and $6,200 in 2006                 |   |                      | 988,379    |                         |   | 669,379 |   |
| Accounts                  due from employees and distributors      |   |                      | 216,319    |                         |   | 223,246 |   |
| Inventories                                                        |   |                      |       |                         |   |   |   |
| Finished                  goods                                    |   |                      | 2,727,581  |                         |   | 2,752,770 |   |
| Raw                  materials                                     |   |                      | 1,616,802  |                         |   | 1,337,661 |   |
| Sales                  aids and promotional materials              |   |                      | 789,709    |                         |   | 687,790 |   |
| Total                  inventories                                 |   |                      | 5,134,092  |                         |   | 4,778,221 |   |
|                                                               |   |                      |       |                         |   |   |   |
| Refundable                  income taxes                           |   |                      | -          |                         |   | 279,096 |   |
| Prepaid                  expenses and other current assets         |   |                      | 1,601,509  |                         |   | 1,103,996 |   |
| Deferred                  income taxes                             |   |                      | 489,430    |                         |   | 594,430 |   |
| Total                  current assets                              |   |                      | 27,522,500 |                         |   | 24,845,178 |   |
|                                                               |   |                      |       |                         |   |   |   |
| Other                  assets                                      |   |                      | 2,950,835  |                         |   | 2,639,537 |   |
| Accounts                  due from employees and distributors      |   |                      | 341,028    |                         |   | 362,959 |   |
|                                                               |   |                      |       |                         |   |   |   |
| Property,                  plant and equipment:                    |   |                      |       |                         |   |   |   |
| Land                                                               |   |                      | 829,222    |                         |   | 829,222 |   |
| Building                                                           |   |                      | 9,588,011  |                         |   | 9,565,221 |   |
| Machinery                  & equipment                         |   |                      | 3,975,958  |                         |   | 4,199,714 |   |
| Office                  equipment                                  |   |                      | 1,528,545  |                         |   | 1,520,297 |   |
| Computer                  equipment & software                 |   |                      | 2,420,076  |                         |   | 2,441,264 |   |
|                                                               |   |                      | 18,341,812 |                         |   | 18,555,718 |   |
| Less:                  Accumulated depreciation                    |   |                      | 9,048,814  |                         |   | 9,121,172 |   |
| Net                  property, plant and equipment                 |   |                      | 9,292,998  |                         |   | 9,434,546 |   |
|                                                               |   |                      |       |                         |   |   |   |
| Total                  assets                                      |   | $                         | 40,107,361 |                         | $      | 37,282,220 |   |

| See                  notes to financial statements. |   |   |   |
|-----------------------------------------------------|--------|--------|--------|

----

| Reliv                  International, Inc. and Subsidiaries |   |   |   |
|-------------------------------------------------------------|--------|--------|--------|
|                                                        |   |   |   |
| Consolidated                  Balance Sheets                |   |   |   |

|                                                                       |   | March                  31 |       | December                  31 |   |
|----------------------------------------------------------------------------|--------|---------------------------|------------|------------------------------|--------|
|                                                                       |   | 2007                      |       | 2006                         |   |
|                                                                       |   | (unaudited)               |       |                         |   |
| Liabilities                  and stockholders' equity                      |   |                      |       |                         |   |
|                                                                       |   |                      |       |                         |   |
| Current                  liabilities:                                      |   |                      |       |                         |   |
| Accounts                  payable and accrued expenses:                    |   |                      |       |                         |   |
| Trade                  accounts payable and other accrued expenses         |   | $                         | 4,830,191  |                         | $      | 3,824,951 |   |
| Distributors                  commissions payable                          |   |                      | 4,492,138  |                         |   | 3,449,687 |   |
| Sales                  taxes payable                                       |   |                      | 464,961    |                         |   | 421,923 |   |
| Payroll                  and payroll taxes payable                         |   |                      | 1,064,097  |                         |   | 918,695 |   |
| Total                  accounts payable and accrued expenses               |   |                      | 10,851,387 |                         |   | 8,615,256 |   |
|                                                                       |   |                      |       |                         |   |   |   |
| Income                  taxes payable                                      |   |                      | 1,063,087  |                         |   | - |   |
| Total                  current liabilities                                 |   |                      | 11,914,474 |                         |   | 8,615,256 |   |
|                                                                       |   |                      |       |                         |   |   |   |
| Noncurrent                  liabilities:                                   |   |                      |       |                         |   |   |   |
| Deferred                  income taxes                                     |   |                      | 34,000     |                         |   | 42,000 |   |
| Other                  non-current liabilities                             |   |                      | 1,083,265  |                         |   | 891,113 |   |
| Total                  noncurrent liabilities                              |   |                      | 1,117,265  |                         |   | 933,113 |   |
|                                                                       |   |                      |       |                         |   |   |   |
| Stockholders'                  equity:                                     |   |                      |       |                         |   |   |   |
| Preferred                  stock, par value $.001 per share; 3,000,000     |   |                      |       |                         |   |   |   |
| shares                  authorized; -0- shares issued and outstanding      |   |                      |       |                         |   |   |   |
| in                  2007 and 2006                                          |   |                      | -          |                         |   | - |   |
| Common                  stock, par value $.001 per share; 30,000,000       |   |                      |       |                         |   |   |   |
| authorized;                  16,736,238 shares issued and 16,273,788       |   |                      |       |                         |   |   |   |
| shares                  outstanding as of 3/31/2007; 16,730,465 shares     |   |                      |       |                         |   |   |   |
| issued                  and 16,605,523 shares outstanding as of 12/31/2006 |   |                      | 16,737     |                         |   | 16,731 |   |
| Additional                  paid-in capital                                |   |                      | 34,798,886 |                         |   | 34,732,421 |   |
| Accumulated                  deficit                                       |   |                      | (2,716,617 | )                            |   | (5,336,866 | ) |
| Accumulated                  other comprehensive loss:                     |   |                      |       |                         |   |   |   |
| Foreign                  currency translation adjustment                   |   |                      | (534,616   | )                            |   | (540,653 | ) |
| Treasury                  stock                                            |   |                      | (4,488,768 | )                            |   | (1,137,782 | ) |
|                                                                       |   |                      |       |                         |   |   |   |
| Total                  stockholders' equity                                |   |                      | 27,075,622 |                         |   | 27,733,851 |   |
|                                                                       |   |                      |       |                         |   |   |   |
| Total                  liabilities and stockholders' equity                |   | $                         | 40,107,361 |                         | $      | 37,282,220 |   |

| See                  notes to financial statements. |   |   |   |   |   |   |   |
|-----------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|

----

| Reliv                  International, Inc. and Subsidiaries |   |   |   |
|-------------------------------------------------------------|--------|--------|--------|
|                                                        |   |   |   |
| Consolidated                  Statements of Income          |   |   |   |
| (unaudited)                                                 |   |   |   |

|                                                      |   | Three                  months ended March 31 |       |
|-----------------------------------------------------------|--------|----------------------------------------------|------------|
|                                                      |   | 2007                                         |       | 2006 |   |
|                                                      |   |                                         |       |   |   |
|                                                      |   |                                         |       |   |   |
|                                                      |   |                                         |       |   |   |
| Product                  sales                            |   | $                                            | 31,397,966 |   | $ | 28,041,335 |   |
| Handling                  & freight income            |   |                                         | 3,565,679  |   |   | 3,154,017 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Net                  sales                                |   |                                         | 34,963,645 |   |   | 31,195,352 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Costs                  and expenses:                      |   |                                         |       |   |   |   |   |
| Cost                  of products sold                    |   |                                         | 6,061,392  |   |   | 5,082,181 |   |
| Distributor                  royalties and commissions    |   |                                         | 13,928,563 |   |   | 12,627,032 |   |
| Selling,                  general and administrative      |   |                                         | 11,029,850 |   |   | 9,466,741 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Total                  costs and expenses                 |   |                                         | 31,019,805 |   |   | 27,175,954 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Income                  from operations                   |   |                                         | 3,943,840  |   |   | 4,019,398 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Other                  income (expense):                  |   |                                         |       |   |   |   |   |
| Interest                  income                          |   |                                         | 212,602    |   |   | 84,676 |   |
| Interest                  expense                         |   |                                         | (126       | ) |   | (34,441 | ) |
| Other                  income                             |   |                                         | 96,933     |   |   | 60,636 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Income                  before income taxes               |   |                                         | 4,253,249  |   |   | 4,130,269 |   |
| Provision                  for income taxes               |   |                                         | 1,633,000  |   |   | 1,680,000 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Net                  income                               |   | $                                            | 2,620,249  |   | $ | 2,450,269 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Earnings                  per common share - Basic        |   | $                                            | 0.16       |   | $ | 0.16 |   |
| Weighted                  average shares                  |   |                                         | 16,431,000 |   |   | 15,569,000 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Earnings                  per common share - Diluted      |   | $                                            | 0.16       |   | $ | 0.15 |   |
| Weighted                  average shares                  |   |                                         | 16,580,000 |   |   | 15,981,000 |   |
|                                                      |   |                                         |       |   |   |   |   |
| Cash                  dividends declared per common share |   | $                                            | -          |   | $ | - |   |

| See                  notes to financial statements. |   |   |   |
|-----------------------------------------------------|--------|--------|--------|

----

| Reliv                International, Inc. and Subsidiaries |   |   |   |
|-----------------------------------------------------------|--------|--------|--------|
|                                                      |   |   |   |
| Consolidated                Statements of Cash Flows      |   |   |   |
| (unaudited)                                               |   |   |   |

|                                                                        |   | Three                months ended March 31 |       |
|-----------------------------------------------------------------------------|--------|--------------------------------------------|------------|
|                                                                        |   | 2007                                       |       | 2006 |   |
|                                                                        |   |                                       |       |   |   |
| Operating                activities:                                        |   |                                       |       |   |   |
| Net                income                                                   |   | $                                          | 2,620,249  |   | $ | 2,450,269 |   |
| Adjustments                to reconcile net income to                       |   |                                       |       |   |   |   |   |
| net                cash provided by operating activities:                   |   |                                       |       |   |   |   |   |
| Depreciation                and amortization                                |   |                                       | 248,760    |   |   | 315,325 |   |
| Stock-based                compensation                                     |   |                                       | 20,006     |   |   | 29,060 |   |
| Deferred                income taxes                                        |   |                                       | 97,000     |   |   | 11,000 |   |
| Foreign                currency transaction (gain)/loss                     |   |                                       | (35,525    | ) |   | (10,304 | ) |
| (Increase)                decrease in accounts and notes receivable         |   |                                       | (288,514   | ) |   | 45,105 |   |
| (Increase)                decrease in inventories                           |   |                                       | (338,981   | ) |   | 415,004 |   |
| (Increase)                decrease in refundable income taxes               |   |                                       | 279,096    |   |   | - |   |
| (Increase)                decrease in prepaid expenses                      |   |                                       |       |   |   |   |   |
| and                other current assets                                     |   |                                       | (493,676   | ) |   | (764,700 | ) |
| (Increase)                decrease in other assets                          |   |                                       | (320,424   | ) |   | (298,705 | ) |
| Increase                (decrease) in accounts payable and accrued expenses |   |                                       | 2,415,931  |   |   | 1,285,994 |   |
| Increase                (decrease) in income taxes payable                  |   |                                       | 1,062,405  |   |   | 889,022 |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Net                cash provided by operating activities                    |   |                                       | 5,266,327  |   |   | 4,367,070 |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Investing                activities:                                        |   |                                       |       |   |   |   |   |
| Proceeds                from the sale of property, plant and equipment      |   |                                       | 1,192      |   |   | 5,835 |   |
| Purchase                of property, plant and equipment                    |   |                                       | (97,087    | ) |   | (121,764 | ) |
| Purchase                of investments, net                                 |   |                                       | (1,000,000 | ) |   | - |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Net                cash used in investing activities                        |   |                                       | (1,095,895 | ) |   | (115,929 | ) |
|                                                                        |   |                                       |       |   |   |   |   |
| Financing                activities:                                        |   |                                       |       |   |   |   |   |
| Principal                payments on long-term borrowings                   |   |                                       | -          |   |   | (904,339 | ) |
| Proceeds                from options and warrants exercised                 |   |                                       | 46,465     |   |   | 14,510 |   |
| Purchase                of stock for treasury                               |   |                                       | (3,350,986 | ) |   | - |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Net                cash used in financing activities                        |   |                                       | (3,304,521 | ) |   | (889,829 | ) |
|                                                                        |   |                                       |       |   |   |   |   |
| Effect                of exchange rate changes on cash and cash equivalents |   |                                       | 30,050     |   |   | (16,042 | ) |
|                                                                        |   |                                       |       |   |   |   |   |
| Increase                in cash and cash equivalents                        |   |                                       | 895,961    |   |   | 3,345,270 |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Cash                and cash equivalents at beginning of period             |   |                                       | 9,332,810  |   |   | 5,653,594 |   |
|                                                                        |   |                                       |       |   |   |   |   |
| Cash                and cash equivalents at end of period                   |   | $                                          | 10,228,771 |   | $ | 8,998,864 |   |

| See                notes to financial statements |   |   |   |   |   |   |   |
|--------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|

----

| **Note                  1--** | **Accounting                  Policies**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          | *Basis                  of Presentation*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                          | The                  accompanying unaudited consolidated financial statements and notes                  thereto                  have been prepared in accordance with the instructions to Form                  10-Q and                  reflect all adjustments which management believes necessary (which                  primarily include normal recurring accruals) to present fairly                  the                  financial position, results of operations and cash flows. These                  statements, however, do not include all information and footnotes                  necessary for a complete presentation of financial position, results                  of                  operations and cash flows in conformity with accounting principles                  generally accepted in the United States. Interim results may not                  necessarily be indicative of results that may be expected for any                  other                  interim period or for the year as a whole. These financial statements                  should be read in conjunction with the audited consolidated financial                  statements and footnotes included in the annual report on Form                  10-K for                  the year ended December 31, 2006, filed March 15, 2007 with the                  Securities                  and Exchange Commission. The accounting policies used in preparing                  these                  financial statements are the same as those applied in the prior                  year,                  except that the Company adopted a new financial accounting standard                  at the                  beginning of its 2007 fiscal year concerning its income tax accounting                  which is discussed in Note 5. This new standard was adopted prospectively                  and comparative periods were not restated. |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **Note                  2--** | **Recent                  Accounting Standards Pending Adoption**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                          | In                  February 2007, the Financial Accounting Standards Board ("FASB")                  issued                  Statement of Financial Accounting Standards (SFAS) No. 159, "The                  Fair                  Value Option for Financial Assets and Financial Liabilities, Including                  an                  Amendment of FASB Statement No. 115," which will become effective                  in 2008.                  SFAS No. 159 permits entities to measure eligible financial assets,                  financial liabilities, and firm commitments at fair value, on an                  instrument-by-instrument basis, that are otherwise not permitted                  to be                  accounted for at fair value under other generally accepted accounting                  principles. The fair value measurement election is irrevocable                  and                  subsequent changes in fair value must be recorded in earnings.                  The Company                  will adopt this Statement as of January 1, 2008 and is currently                  evaluating if it will elect the fair value option for any of its                  eligible                  financial instruments and other items.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                          | In                  September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements"                  which defines fair value, establishes a framework for measuring                  fair                  value, and expands disclosures about fair value measurements. This                  Statement clarifies how to measure fair value as permitted under                  other                  accounting pronouncements but does not require any new fair value                  measurements. The Company will be required to adopt SFAS No. 157                  as of                  January 1, 2008. The Company is currently evaluating the impact                  of SFAS                  No. 157 and has not yet determined the impact on its financial                  statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **Note                  3--** | **Comprehensive                  Income**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                          | Total                  comprehensive income was $2,626,286 and $2,448,041 for the three                  months                  ended March 31, 2007 and 2006, respectively. The Company's only                  component                  of other comprehensive income is the foreign currency translation                  adjustment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

| **Note                  4--** | **Basic                  and Diluted Earnings per Share**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                          | Basic                  earnings per common share are computed using the weighted average                  number                  of common shares outstanding during the period. Diluted earnings                  per share                  are computed using the weighted average number of common shares                  and                  potential dilutive common shares that were outstanding during the                  period.                  Potential dilutive common shares consist of outstanding stock options,                  outstanding stock warrants, and convertible preferred                  stock. |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                          | The                following table sets forth the computation of basic and diluted earnings                per share:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

|                                                       |   | Three                  months ended March 31 |       |
|------------------------------------------------------------|--------|----------------------------------------------|------------|
|                                                       |   | 2007                                         |       |  2006 |   |
| Numerator:                                                 |   |                                         |       |   |   |
| Net                  income                                |   | $                                            | 2,620,249  |   | $ | 2,450,269 |   |
|                                                       |   |                                         |       |   |   |   |   |
| Denominator:                                               |   |                                         |       |   |   |   |   |
| Denominator                  for basic earnings per        |   |                                         |       |   |   |   |   |
| share--weighted                  average shares            |   |                                         | 16,431,000 |   |   | 15,569,000 |   |
| Dilutive                  effect of employee stock options |   |                                         |       |   |   |   |   |
| and                  other warrants                        |   |                                         | 149,000    |   |   | 412,000 |   |
|                                                       |   |                                         |       |   |   |   |   |
| Denominator                  for diluted earnings per      |   |                                         |       |   |   |   |   |
| share--adjusted                  weighted average shares   |   |                                         | 16,580,000 |   |   | 15,981,000 |   |
|                                                       |   |                                         |       |   |   |   |   |
| Basic                  earnings per share                  |   | $                                            | 0.16       |   | $ | 0.16 |   |
| Diluted                  earnings per share                |   | $                                            | 0.16       |   | $ | 0.15 |   |

| **Note                  5--** | **Income                  Taxes**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                          | The                  Company adopted the provisions of FASB Interpretation No. 48, “Accounting                  for Uncertainty in Income Taxes” (“FIN No. 48”) on January 1, 2007. As a                  result of the implementation of FIN No. 48, the Company recognized                  no                  material adjustment in its estimated liability for unrecognized                  income tax                  benefits. At March 31, 2007, the Company had unrecognized tax benefits,                  including estimated interest and penalties thereon, totaling $140,000.                  This amount is included in “Other non-current liabilities” in the                  consolidated balance sheet. There has been no material change in                  this                  amount during the three months ended March 31, 2007. In 2007, the                  Company                  is continuing its practice to recognize interest and/or penalties                  related                  to income tax matters in income tax expense. |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                          | The                  Company, including its domestic and foreign subsidiaries, is subject                  to                  U.S federal income tax as well as income tax of multiple state                  and foreign                  jurisdictions. The Company has concluded all U.S. federal income                  tax                  matters for years through 2002 and substantially concluded years                  through                  2005 with its primary state                  jurisdiction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

----

**FORWARD-LOOKING      STATEMENTS**

**Item      No. 2 - Management’s Discussion and Analysis of      Financial**
**Condition      and Results of Operations**

*The      following discussion and analysis of our financial condition and results of      operations should be read in conjunction with our financial statements and      related notes included elsewhere in this Quarterly Report on Form 10-Q. The      following discussion and analysis discusses the financial condition and results      of our operations on a consolidated basis, unless otherwise indicated.*

**Overview      **

**Components      of Net Sales and Expense **

----

**Results      of Operations **

|                                                 |   | **Three                months ended****March                31,** |   |
|------------------------------------------------------|--------|-------------------------------------------------------------------|--------|
|                                                 |   | **2007**                                                          |   | **2006** |   |
|                                                 |   |                                                              |   |   |   |
| Net                sales                             |   |                                                              | 100.0  | % |   | 100.0 | % |
| Costs                and expenses:                   |   |                                                              |   |   |   |   |   |
| Cost                of products sold                 |   |                                                              | 17.3   |   |   | 16.3 |   |
| Distributor                royalties and commissions |   |                                                              | 39.8   |   |   | 40.5 |   |
| Selling,                general and administrative   |   |                                                              | 31.6   |   |   | 30.3 |   |
|                                                 |   |                                                              |   |   |   |   |   |
| Income                from operations                |   |                                                              | 11.3   |   |   | 12.9 |   |
| Interest                expense                      |   |                                                              | (0.0   | ) |   | (0.1 | ) |
| Interest                and other income             |   |                                                              | 0.9    |   |   | 0.5 |   |
|                                                 |   |                                                              |   |   |   |   |   |
| Income                before income taxes            |   |                                                              | 12.2   |   |   | 13.3 |   |
| Provision                for income taxes            |   |                                                              | 4.7    |   |   | 5.4 |   |
|                                                 |   |                                                              |   |   |   |   |   |
| Net                income                            |   |                                                              | 7.5    | % |   | 7.9 | % |

----

*Net      Sales. *

|                                  |   | **Three                months ended March 31,** |   |                                      |   |
|---------------------------------------|--------|-------------------------------------------------|--------|-------------------------------------------|--------|
|                                  |   | **2007**                                        |   | **2006**                                  |   | **Change                from prior year** |   |
|                                  |   | **Amount**                                      |   | **%                of Net Sales**         |   | **Amount** |   | **%                of Net****Sales** |   | **Amount** |   | **%** |   |
|                                  |   |                                                 |   | **(dollars                in thousands)** |   |  |   |  |   |  |   |
| United                States          |   | $                                               | 31,904 |                                      |   | 91.2 | % | $ | 28,530 |   |   | 91.5 | % | $ | 3,374 |   |   | 11.8 | % |
| Australia/New                Zealand  |   |                                            | 653    |                                      |   | 1.9 |   |   | 579 |   |   | 1.9 |   |   | 74 |   |   | 12.8 |   |
| Canada                                |   |                                            | 441    |                                      |   | 1.3 |   |   | 409 |   |   | 1.3 |   |   | 32 |   |   | 7.8 |   |
| Mexico                                |   |                                            | 410    |                                      |   | 1.2 |   |   | 329 |   |   | 1.0 |   |   | 81 |   |   | 24.6 |   |
| United                Kingdom/Ireland |   |                                            | 287    |                                      |   | 0.8 |   |   | 273 |   |   | 0.9 |   |   | 14 |   |   | 5.1 |   |
| Philippines                           |   |                                            | 628    |                                      |   | 1.8 |   |   | 493 |   |   | 1.5 |   |   | 135 |   |   | 27.4 |   |
| Malaysia/Singapore                    |   |                                            | 330    |                                      |   | 0.9 |   |   | 458 |   |   | 1.5 |   |   | (128 | ) |   | (27.9 | ) |
| Germany                               |   |                                            | 311    |                                      |   | 0.9 |   |   | 124 |   |   | 0.4 |   |   | 187 |   |   | 150.8 |   |
|                                  |   |                                            |   |                                      |   |   |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Consolidated                total     |   | $                                               | 34,964 |                                      |   | 100.0 | % | $ | 31,195 |   |   | 100.0 | % | $ | 3,769 |   |   | 12.1 | % |

|                                  |   | **March                31, 2007**      |   | **March                31, 2006**              |   | **%                Change**            |   |
|---------------------------------------|--------|----------------------------------------|--------|------------------------------------------------|--------|----------------------------------------|--------|
|                                  |   | **Active                Distributors** |   | **Master                Affiliates and Above** |   | **Active                Distributors** |   | **Master                Affiliates and Above** |   | **Active                Distributors** |   | **Master                Affiliates and Above** |   |
| United                States          |   |                                   | 56,320 |                                           |   | 12,660                                 |   |   | 52,360 |   |   | 12,930 |   |   | 7.6 | % |   | (2.1 | )% |
| Australia/New                Zealand  |   |                                   | 2,520  |                                           |   | 270                                    |   |   | 2,370 |   |   | 180 |   |   | 6.3 |   |   | 50.0 |   |
| Canada                                |   |                                   | 1,170  |                                           |   | 150                                    |   |   | 1,160 |   |   | 140 |   |   | 0.9 |   |   | 7.1 |   |
| Mexico                                |   |                                   | 1,170  |                                           |   | 170                                    |   |   | 1,230 |   |   | 200 |   |   | (4.9 | ) |   | (15.0 | ) |
| United                Kingdom/Ireland |   |                                   | 940    |                                           |   | 130                                    |   |   | 800 |   |   | 110 |   |   | 17.5 |   |   | 18.2 |   |
| Philippines                           |   |                                   | 3,750  |                                           |   | 270                                    |   |   | 3,500 |   |   | 270 |   |   | 7.1 |   |   | 0.0 |   |
| Malaysia/Singapore                    |   |                                   | 2,310  |                                           |   | 260                                    |   |   | 3,100 |   |   | 380 |   |   | (25.5 | ) |   | (31.6 | ) |
| Germany                               |   |                                   | 510    |                                           |   | 150                                    |   |   | 180 |   |   | 70 |   |   | 183.3 |   |   | 114.3 |   |
|                                  |   |                                   |        |                                           |   |                                        |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Consolidated                total     |   |                                   | 68,690 |                                           |   | 14,060                                 |   |   | 64,700 |   |   | 14,280 |   |   | 6.2 | % |   | (1.5 | )% |

----

*Cost      of Products Sold. *

*Distributor      Royalties and Commissions. *

*Selling,      General and Administrative Expenses. *

----

*Interest      Income/Expense. *

*Income      Taxes. *

*Net      Income. *

**Financial      Condition, Liquidity and Capital Resources **

----

**Critical      Accounting Policies**

**Item      No. 3 - Quantitative and Qualitative Disclosures Regarding Market      Risk**

**Foreign      Currency Risk**

**Item      No. 4 - Controls and Procedures **

----

**PART      II - OTHER INFORMATION**

**Item      No. 1A - Risk Factors**

**Item      No. 2 - Unregistered Sales of Equity Securities and Use of      Proceeds**

**ISSUER      PURCHASES OF EQUITY SHARES**

|     Period     |   |   Total                Number of Shares                Purchased |    |    Average                Price Paid                per Share |   | Total                Number of Shares Purchased as Part of Publicly Announced                Programs |   | Approximate                Dollar Value of Shares that May Yet Be Purchased Under the Plans                or                Programs(1) |    |
|------------------------------------|--------|----------------------------------------------------------------------------|---------|------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                               |   |                                                                       |    |                                                                         |   |                                                                                                  |   |                                                                                                                                     |    |
| January                1-31, 2007  |   |                                                                       | 136,420 |                                                                         | $      | 9.04                                                                                                  |   |                                                                                                                                     | 136,420 |   | $ | 5,884,000 |   |
|                               |   |                                                                       |    |                                                                         |   |                                                                                                  |   |                                                                                                                                     |    |   |   |   |   |
| February                1-28, 2007 |   |                                                                       | 82,635  |                                                                         | $      | 10.33                                                                                                 |   |                                                                                                                                     | 82,635  |   | $ | 5,031,000 |   |
|                               |   |                                                                       |    |                                                                         |   |                                                                                                  |   |                                                                                                                                     |    |   |   |   |   |
| March                1-31, 2007    |   |                                                                       | 118,453 |                                                                         | $      | 10.67                                                                                                 |   |                                                                                                                                     | 118,453 |   | $ | 3,766,000 |   |
|                               |   |                                                                       |    |                                                                         |   |                                                                                                  |   |                                                                                                                                     |    |   |   |   |   |
| Total                              |   |                                                                       | 337,508 |                                                                         |   |                                                                                                  |   |                                                                                                                                     | 337,508 |   |   |   |   |

| (1)                In March 2005, the Company’s Board of Directors approved a share                repurchase plan of up to $15 million over the next 36                months. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      No. 6 - Exhibits **

| Exhibit |                                                                                                                                             |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  | Document                                                                                                                                         |
|    |                                                                                                                                             |
|    |                                                                                                                                             |
| 31.1    | Certification                  of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule                  15d-14(a)                  of the |
|    | Securities                  Exchange Act, as amended (filed herewith).                                                                           |
|    |                                                                                                                                             |
| 31.2    | Certification                  of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule                  15d-14(a)                  of the |
|    | Securities                  Exchange Act, as amended (filed herewith).                                                                           |
|    |                                                                                                                                             |
| 32      | Certification                  of Chief Executive Officer and Chief Financial Officer pursuant                  to 18                  U.S.C.    |
|    | 1350,                  as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002                  (filed herewith).  |

----

**SIGNATURES**

**RELIV’      INTERNATIONAL, INC. **

| By:                                |   | /s/                  Robert L. Montgomery                                                                                                          |
|------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |   | Robert                  L. Montgomery, Chairman of the Board of Directors, President and                  Chief                  Executive Officer |
|                               |   |                                                                                                                                               |
| Date:                  May 7, 2007 |
|                               |   |                                                                                                                                               |
|                               |   |                                                                                                                                               |
| By:                                |   | /s/                  Steven D. Albright                                                                                                            |
|                               |   | Steven                  D. Albright, Chief Financial Officer (and accounting                  officer)                                             |
|                               |   |                                                                                                                                               |
| Date:                May 7, 2007   |

----

**Exhibit      Index**

| Exhibit |                                                                                                                                             |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  | Document                                                                                                                                         |
|    |                                                                                                                                             |
|    |                                                                                                                                             |
| 31.1    | Certification                  of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule                  15d-14(a)                  of the |
|    | Securities                  Exchange Act, as amended (filed herewith).                                                                           |
|    |                                                                                                                                             |
| 31.2    | Certification                  of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule                  15d-14(a)                  of the |
|    | Securities                  Exchange Act, as amended (filed herewith).                                                                           |
|    |                                                                                                                                             |
| 32      | Certification                  of Chief Executive Officer and Chief Financial Officer pursuant                  to 18                  U.S.C.    |
|    | 1350,                  as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002                  (filed herewith).  |

----