UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

                     For the Quarterly Period Ended 6-30-01

                                       OR

[ ]  Transition Report under Section 13 or 15(d) of the Exchange Act For the
     transition period from __________ to __________

                             Commission File No. 0-


                              World Services, Inc.
                           --------------------------
        (Exact name of small business issuer as specified in its charter)

                              A _______ corporation

                  I.R.S. Employer Identification No. 46-0355586

                          PO Box 786 Aberdeen, SD 57402
                         ------------------------------
                    (Address of Principal Executive Offices)

                                 (605) 225-4131
                             -----------------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                             -----------------------
                  (former address, if changed from last report)

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

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

                   X  Yes                              ___ No


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of June 30, 2001, there were
2,639,679 shares of common stock outstanding.

Transitional Small Business Disclosure Format (Check one):Yes[ ] No[x]

<PAGE>


                                      INDEX


PART I. FINANCIAL INFORMATION:

Item 1.    Balance Sheet as of June 30, 2001 .............................   1

           Statements of Operations for Quarters Ended
           June 30, 2001 and 2000 ........................................   2

           Statements of Operations for the Six Months
           Ended June 30, 2001 and 2000 ..................................   3

           Statements of Cash Flows for the Six Months
           Ended June 30, 2001 and 2000 ..................................   4

           Notes to Financial Statements .................................   5

Item 2.    Management's discussion and Analysis of
           Financial Condition and Results of
           Operations:

           Liquidity and Capital Resources ...............................   6

           Results of Operations .........................................   7


PART II.   OTHER INFORMATION:

Item 1.    Legal Proceedings .............................................   9

Item 2.    Changes in Securities .........................................   9

Item 3.    Default Upon Senior Securities ................................   9

Item 4.    Submission of matters to a Vote of Security
           Holders .......................................................   9

Item 5.    Other Information .............................................   9

Item 6.    Exhibits and Reports on Form 10-Q .............................   9


<PAGE>


                              WORLD SERVICES, INC.
                                  BALANCE SHEET
                                  June 30, 2001
                                   (Unaudited)

                                     ASSETS


CURRENT ASSETS
  Cash                                                            $  147,285.21
  Money Market Fund                                                  167,210.04
  Certificates of Deposit                                          1,183,540.00
  Interest Receivable                                                 35,555.81
                                                                  -------------
     TOTAL CURRENT ASSETS                                          1,533,591.06

INVESTMENTS AND OTHER ASSETS
  Investment-Super 8 Developers                                      568,000.00
                                                                  -------------
TOTAL OTHER ASSETS                                                   568,000.00
                                                                  -------------
TOTAL ASSETS                                                      $2,101,591.06
                                                                  =============

                      LIABILITIES AND STOCKHOLDERS EQUITY


CURRENT LIABILITIES
 Stock Redemption payable                                         $   41,833.75
 Accounts Payable                                                     14,413.00
                                                                  -------------
         TOTAL CURRENT LIABILITIES                                    56,246.75

STOCKHOLDERS EQUITY
  Common stock, par value $.001 per
         share; (50,000,000 shares
         authorized)with
         2,640,000 shares issued                                       2,715.00
  Additional paid in capital                                       6,364,354.75
  Accumulated Deficit                                             (4,321,725.44)
                                                                  -------------
     TOTAL STOCKHOLDERS' EQUITY                                    2,045,344.31
                                                                  -------------
TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY                                            $2,101,591.06
                                                                  =============


                                        1
<PAGE>


                              WORLD SERVICES, INC.
                            STATEMENTS OF OPERATIONS
                  For the Quarters Ended June 30, 2001 and 2000
                                   (Unaudited)


                                                    2001                2000
                                                -------------      -------------
REVENUE
  Interest Income                               $   22,585.03      $   18,773.24
                                                -------------      -------------
     TOTAL REVENUE                                  22,585.03          18,773.24
                                                -------------      -------------

EXPENSES
  Accounting Fees                                    5,702.40           5,467.76
  Contract Wages & Consulting                        6,080.00           6,405.00
  Faxes                                                247.50              95.25
  Legal Fees                                         2,470.16             802.85
  Director Fees                                        750.00             750.00
  Printing                                           3,591.00             747.40
  Postage                                            3,016.87              33.99
  Supplies                                              91.60              30.00
  Telephone                                             29.83              50.29
  Rent                                                 750.00             750.00
  Annual Meeting                                       169.65               0.00
                                                -------------      -------------
         TOTAL EXPENSES                             22,899.01          15,132.54
                                                -------------      -------------

INCOME(LOSS)BEFORE INCOME TAXES                       (313.98)          3,640.70


INCOME TAXES                                             0.00               0.00
                                                -------------      -------------
NET INCOME (LOSS)                               $     (313.98)     $    3,640.70
                                                =============      =============

INCOME PER SHARE (Basic & Diluted)              $         .01      $         .01
                                                =============      =============
WEIGHTED AVERAGE COMMON
 SHARES OUTSTANDING                                 2,640,000          2,640,000
                                                =============      =============


                                        2
<PAGE>


                              WORLD SERVICES, INC.
                            STATEMENTS OF OPERATIONS
                 For the Six Months Ended June 30, 2001 and 2000
                                   (Unaudited)


                                                     2001               2000
                                                 -------------     -------------
REVENUE
  Interest Income                                $   49,960.35     $   36,725.27
                                                 -------------     -------------
         TOTAL REVENUE                               49,960.35         36,725.27
                                                 -------------     -------------

EXPENSES
  Accounting Fees                                     9,972.25          9,236.26
  Contract Wages & Consulting                        12,020.00         12,170.00
  Faxes                                                 288.75            102.75
  Legal Fees                                          3,832.66          1,417.40
  Director Fees                                       2,100.00          1,350.00
  Printing                                            3,591.00            747.40
  Postage                                             3,065.99             72.84
  Supplies                                              112.10             38.00
  Telephone                                              29.83             50.29
  Rent                                                1,500.00          1,500.00
  Annual Meeting                                        169.65              0.00
                                                 -------------     -------------
         TOTAL EXPENSES                              36,682.23         26,684.94
                                                 -------------     -------------
INCOME BEFORE INCOME TAXES                           13,278.12         10,040.33

INCOME TAXES                                              0.00              0.00
                                                 -------------     -------------
NET INCOME                                       $   13,278.12     $   10,040.33
                                                 =============     =============

INCOME PER SHARE (Basic & Diluted)                         .01               .01
                                                 =============     =============
WEIGHTED AVERAGE COMMON
  SHARES OUTSTANDING                                 2,640,000         2,640,000
                                                 =============     =============


                                        3
<PAGE>


                              WORLD SERVICES, INC.
                        STATEMENTS OF CASH FLOWS For the
                     Six Months Ended June 30, 2001 and 2000
                                   (Unaudited)

                                                         2001           2000
                                                     -----------    -----------

  CASH FLOWS FROM OPERATING ACTIVITIES
    Net Income                                       $ 13,278.12    $  10,040.33

  Adjustment to reconcile net income to
    net cash used in operating
     activities:
    (Increase) Decrease in:
         Interest Receivable                           (7,321.01)    (15,783.20)
    Increase (Decrease) in:
     Stock Redemption Payable                            (125.00)       (246.00)
         Accounts Payable                               3,413.00           0.00
                                                     -----------    -----------
         NET CASH PROVIDED(USED) BY
          OPERATING ACTIVITIES                          9,245.11      (5,988.87)
                                                     -----------    -----------
CASH FLOWS FROM INVESTING ACTIVITIES
         Redemption of Certificates
           of Deposit                                 263,025.04       5,219.54
                                                     -----------    -----------
         NET CASH PROVIDED BY
          INVESTING ACTIVITIES                        263,025.04       5,219.54
                                                     -----------    -----------

         NET INCREASE(DECREASE)IN CASH                272,270.15        (769.33)

CASH AT BEGINNING OF PERIOD                            42,225.10      50,173.74
                                                     -----------    -----------
CASH AT END OF PERIOD                                $314,495.25     $49,404.41
                                                     ===========    ===========
SUPPLEMENTAL DISCLOSURES Cash payments for:
    Income taxes                                     $      0.00    $      0.00
                                                     ===========    ===========
    Interest paid                                    $      0.00    $      0.00
                                                     ===========    ===========


                                        4
<PAGE>


                              WORLD SERVICES, INC.

                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE PERIOD ENDED JUNE 30, 2001


In the opinion of management of World Services, Inc., (the Company), the
accompanying unaudited financial statements reflect all adjustments (consisting
of only normal recurring accruals) necessary to present fairly the financial
position of the company as of June 30, 2001, and the results of operations and
cash flows for the six months ended June 30, 2001 and 2000.

These unaudited financial statements should be read in conjunction with the
Company's annual report on Form 10-KSB for the year ended December 31, 2000.



NOTE 1 - NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

A summary of significant accounting policies is currently on file with the
Securities and Exchange Commission on Form 10-KSB.


NOTE 2 - INCOME TAXES
--------------------------------------------------------------------------------

As of December 31, 2000, the Company had net operating loss carry forwards for
income tax purposes totaling approximately $823,000 which expire in the years
2001 to 2011. The net operating loss carry forwards may be limited with respect
to their availability due to prior ownership changes and the consolidated return
regulations.






                                        5
<PAGE>


                              WORLD SERVICES, INC.

                    MANAGEMENTS'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The following discussion and analysis should be read in conjunction with the
Financial Statements and Notes thereto appearing elsewhere in this report.

LIQUIDITY AND CAPITAL RESOURCES - JUNE 30, 2001, COMPARED TO DECEMBER 31, 2000
--------------------------------------------------------------------------------

During the six months ended June 30, 2001, cash increased approximately
$272,300, as a result of redeeming certificates of deposits. Interest receivable
increased from $28,235 at December 31, 2000, to $35,556 at June 30, 2001.

Primarily as a result of the increase in cash and interest receivable, current
assets increased by $16,566, from $1,517,025 at December 31, 2000, to $1,533,591
at June 30, 2001.

Current liabilities increased $3,288 from $52,959 at December 31, 2000, to
$56,247 at June 30, 2001. The increase is the result of accounts payable not
being paid before the end of the quarter.

As a result of the Company's net income for the six months of $13,278, the
accumulated deficit decreased from $4,335,004 at December 31, 2000, to
$4,321,726 at June 30, 2001. As a result, total stockholders equity increased
from 2,032,066 at December 31, 2000, to $2,045,344 at June 30, 2001.

In August of 1997, the Company completed a reverse stock split followed by a
forward stock split. Following the reverse stock split, there were a number of
fractional shares which were redeemed. Not all of the fractional shares had been
submitted for payment by December 31, 2000 or June 30, 2001. As a result, the
'current liabilities' portion of the balance sheet reflects a "stock redemption
payable." During the six months ended June 30, 2001, the Company redeemed
outstanding fractional shares with a value of approximately $125. The total
number of outstanding shares of common stock reflected on the balance sheet does
not give any effect to the fractional shares outstanding.

                                        6
<PAGE>


                              WORLD SERVICES, INC.

                    MANAGEMENTS'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (Continued)


The company has sufficient funds available to meet its capital obligations in
the foreseeable future. As noted, elsewhere in this report and in the Company's
annual report on Form 10-KSB for the year ended December 31, 2000, the future
conduct of World Services' business is dependent upon a number of factors, and
there can be no assurance that World Services will be able to conduct its
operations as contemplated herein. Certain statements contained in this report,
such as the possibility that World Services may acquire an operating business
or, if any such business is acquired that it can be successfully operated, are
forward-looking statements. The accuracy of these statements cannot be
guaranteed as they are subject to a variety of risks including, but not limited
to: the possibility that World Services will not be able to complete any such
acquisition on economic terms, if at all; and if such an acquisition does occur,
the possibility that World Services will not be able to operate the business
successfully. Furthermore, if any acquisition does occur, it will likely be
accompanied by a change of control, and there can be no assurance that such
change of control will be beneficial to World Services or its existing
shareholders.

RESULTS OF OPERATIONS - SIX MONTHS ENDED JUNE 30, 2001 COMPARED TO THE SIX
MONTHS ENDED JUNE 30, 2000
--------------------------------------------------------------------------------

                                           Six months ended
                                     ------------------------------
                                     June 30, 2001   June 30, 2000
                                     --------------  --------------

                Net income             $   13,278      $   10,040

                Operating Expenses         36,682          26,685

                Weighted Average
                Number of Shares        2,640,000*      2,640,000*

                Net income per share
                 Less than             $     0.01      $     0.01


                                        7
<PAGE>


                              WORLD SERVICES, INC.

                    MANAGEMENTS'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (Continued)


*    The weighted average number of shares has been adjusted for the reverse and
     forward stock splits completed in August of 1997 and for the repurchase of
     the fractional shares resulting from the reverse stock split, all as
     described in the Company's proxy statement for the shareholders' meeting in
     August of 1997.

No major changes in income or expenses are anticipated for the rest of the year.




                                        8

<PAGE>


                              WORLD SERVICES, INC.

                           PART II. OTHER INFORMATION


ITEM 1. - LEGAL PROCEEDINGS
--------------------------------------------------------------------------------

None.


ITEM 2. - CHANGES IN SECURITIES
--------------------------------------------------------------------------------

None.


ITEM 3. - DEFAULT UPON SENIOR SECURITIES
--------------------------------------------------------------------------------

None.


ITEM 4. - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
--------------------------------------------------------------------------------

On June 28, 2001, the Company held a special meeting of its shareholders in lieu
of an annual meeting. At that meeting, the following nominees were reelected to
the Board of Directors: Ronne Tarrell, Delores Bower, David Jorgenson, Delbert
Harty, and Terry Heinz. No other matters were considered at the special meeting.


ITEM 5. - OTHER INFORMATION
--------------------------------------------------------------------------------

None.


ITEM 6. - EXHIBITS
--------------------------------------------------------------------------------

Exhibit 27 - Financial Data Schedule.


                                        9
<PAGE>


                                   SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

July 25, 2001

                                              WORLD SERVICES, INC.


                                              By: /s/ Ronne Tarrell
                                              ---------------------
                                              Ronne Tarrell, President, Chief
                                              Executive Officer and Principal
                                              Financial Officer











                                       10