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

                            FORM 10-KSB

ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
          For the fiscal year ended December 31, 2002

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
          For the transition period from ________________ to _____________

          Commission file number ________________________

                      Le Gourmet Co., Inc.
                 ------------------------------
         (Name of small business issuer in its charter)

           Nevada                            75-3025152
        -----------                        ---------------
  (State or jurisdiction of               (I.R.S. Employer
      incorporation or                   Identification No.)
        organization)

  8343 East Earll, Scottsdale, AZ                 85251
  -------------------------------               ---------
      (Address of principal                     (Zip Code)
       executive offices)

            Issuer's telephone number: (602) 628-4915

Securities registered under Section 12(b) of the Exchange Act:

  Title of each class       Name of each exchange on which registered

  --------------------      -----------------------------------------

Securities registered under Section 12(g) of the Exchange Act:

Common stock, $.001 par value, 25,000,000 shares authorized

*     2,500,000 shares issued and outstanding as of December 31, 2002
*     22,500,000 shares issued and outstanding as of March 10, 2003

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

Check  if disclosure of delinquent filers in response to Item  405
of Regulation S-B is not contained in this form, and no disclosure
will  be  contained,  to  the best of registrant's  knowledge,  in
definitive   proxy  or  information  statements  incorporated   by
reference in Part III of this Form 10-KSB or any amendment to this
Form 10-KSB.

State issuer's revenues for its most recent fiscal year: $138 for
the year ended December 31, 2002.

State  the  aggregate  market value of the voting  and  non-voting
common equity held by non-affiliates computed by reference to  the
price  at  which the common equity was sold: $625,000 as of  March
10, 2003.



-COVER PAGE-





                         TABLE OF CONTENTS

                                                               PAGE
                                                            ----------
PART I                                                            2

 Item 1. Description of Business.                                 2
 Item 2. Description of Property.                                 6
 Item 3. Legal Proceedings.                                       7
 Item 4. Submission of Matters to a Vote of Security Holders.     7

PART II                                                           8

 Item 5. Market for Common Equity and Related Stockholder
 Matters.                                                         8
 Item 6. Management's Discussion and Analysis or Plan of
 Operation.                                                      11
 Item 7. Financial Statements.                                   14

PART III                                                         26

 Item 9. Directors, Executive Officers, Promoters and Control
 Persons                                                         26
 Item 10. Executive Compensation.                                27
 Item 11. Security Ownership of Certain Beneficial Owners and
 Management.                                                     28
 Item 12. Certain Relationships and Related Transactions.        28
 Item 13. Exhibits and Reports on Form 8-K.                      29
 Item 14. Controls and Procedures.                               30

SIGNATURES                                                       31

































PAGE-1-


                              PART I

Item 1. Description of Business.

A.   Business Development and Summary

Le  Gourmet Co., Inc. ("LGC" or the "Company") was incorporated in
the  State of Nevada on April 21, 1999.  LGC, a development  stage
company,  is implementing a plan to market a variety of  cookbooks
in  numerous categories and specialty gourmet kitchen products  to
retail consumers via the Internet.  As of the date of this report,
LGC  has  had  only  limited  start-up  operations  and  generated
negligible revenues.

LGC's  administrative  office  is  located  at  8343  East  Earll,
Scottsdale, Arizona 85251, telephone (602) 628-4915.

LGC's fiscal year end is December 31.

B.   Business of Issuer

(1)  Principal Products and Services and Principal Markets

LGC  plans to market a variety of cookbooks in numerous categories
(such   as  "simple  home-cooked  meals,"  "celebrity  favorites,"
"charitable  choices,"  and  "delicious  desserts")  as  well   as
specialty  gourmet  kitchen products to retail consumers  via  the
Internet.

LGC's  website (www.legourmetco.com) will publicize a new featured
cookbook every month along with recipes, new kitchen products, and
cooking  methods.  The cookbooks and recipes on the  website  will
come  from  a  variety  of sources.  LGC has  already  secured  an
agreement  to  market Too Luscious for Leftovers: Recipes  to  Fit
Your  Mood  (by Lucinda McNeil: Lucinda Enterprises,  Inc.,  March
2002)  as  the first featured cookbook in the category of  "simple
home cooked meals."

For  every featured cookbook, LGC will excerpt four recipes online
to give customers a sampling of the contents of the cookbook.  The
ability   to  preview  the  selection  should  increase   customer
satisfaction.

LGC  also  plans to add a "Great Gadgets" section to the  website.
That  section  will  feature helpful kitchen appliances  including
back-to-basics  cooking accessories, gourmet utensils,  bake  ware
and  cookware.   Also  in that section, LGC will  include  novelty
items and exotic spice blends.

(2)  Distribution Methods of the Products or Services

LGC  plans  to  obtain the majority of its sales via  its  website
www.legourmetco.com.  However, up to a fifth  of  sales  may  come
from  trade shows and cooking demonstrations.  Also, in  the  long
term,   LGC   would  like  to  align  itself  strategically   with
infomercial companies.

Currently, LGC is developing the following marketing and promotion
programs:

*     Discount  Offers for First Time Buyers and Repeat Customers.
  This  program will provide customers with incentives to purchase
  through LGC website.  LGC plans to track online shoppers,  which
  should give LGC the ability to reward repeat shoppers with,  for
  example,  instant  discounts,  reward  certificates,  and   free
  merchandise.

PAGE-2-

*     Cooking  Classes.   Featured cookbook authors  will  deliver
  classes  in the homes of customers using online video  streaming
  capabilities.  The classes will showcase guest chefs and  inform
  consumers how and where to shop for the best produce, spices, and
  gourmet kitchen supplies.

*    Introductory Newsletters.  LGC will distribute sample recipes
  and  website  information via email and "snail mail"  to  target
  consumers.

*     Special Discounts.  LGC will offer special discounts  linked
  to  major  holidays  and  events  (for  example,  Mothers'  Day,
  Independence  Day,  Labor Day, Cinco de Mayo, Thanksgiving,  and
  Christmas).  Registered members of the LGC book club will receive
  an  annual  birthday surprise including a personalized  birthday
  greeting, a recipe card, and discount offers for future purchases
  - all delivered via email or on a regular postcard.

LGC  believes that the success of www.legourmetco.com will  depend
in  large measure on strategic positioning of the website with all
major  Internet  search engines.  Currently, LGC is  developing  a
strategy to secure such positioning.  Additional promotional steps
may  include  website banner ads, free book offers, and  exclusive
book   club   privileges   for  repeat  consumers.    Subject   to
availability of funding, LGC's management may schedule appearances
on local, regional, and national cooking shows on network or cable
TV.

LGC  is  also considering entering into alliances with  charitable
organizations.   LGC  believes that  donating  a  portion  of  the
proceeds  from the sale of a particular title to benefit a  common
charity cause would improve total sales.

Initially,  LGC will maintain a limited inventory of 2  books  for
every title offered through the website.

LGC  plans to rely on shipping services of the United States  Post
Office,  United Parcel Service, and Federal Express for deliveries
of  merchandise  to consumers.  LGC will ship orders  individually
and  does  not  foresee any long-term agreements or special  terms
from  shippers.   Provided  the company has  inventory,  then  the
following delivery options will be available to its customers:

   Regular mail    $4.95  S & H (allowing 3 weeks for delivery)
   2nd day Air     $14.95 S & H
   Next day Air    $24.95 S & H

In  the  event LGC has no inventory in a specific title  then  LGC
will  offer only Regular Mail delivery, which should give adequate
time to obtain and ship the title.

(3)  Status of any announced new product or service

LGC's  website  www.legourmetco.com  is  operational  and  already
allows visitors to place orders online.  The site is currently  up
with a limited amount of book titles for sale.

Because  LGC raised only the minimum of $25,000.00 in  its  recent
registered  offering,  the implementation  of  advanced  technical
features   of   the  website  (such  as  online  video   streaming
capabilities)   and   widespread  marketing   efforts   (such   as
promotional  mailing  campaigns, engagement  of  public  relations
firms, purchasing of website banner ads, and appearances on local,
regional  and  national cooking shows on network or cable  TV)  is
postponed until LGC generates sufficient cash flow.



PAGE-3-


(4)  Industry background and competition

Traditionally  sold  in  bookstores and kitchen  specialty  shops,
cookbooks are expanding to the TV and the Internet sales channels.

LGC  is a newcomer in the online retailing industry.  As such, LGC
is  likely  to face intense competition from established companies
as  well as new entrants.  However, thanks to the Internet,  small
publishers  as  well  as  little  known  authors  and  cooks   are
generating  sales  by appearing on television infomercials  or  TV
shows  such as QVC and then gain additional exposure on the  World
Wide  Web.   LGC plans to capitalize on this opportunity presented
by new, low-cost distribution channels.

Nowadays, customers are more health conscious and curious about ingredients
and techniques of healthful food preparation.  LGC believes that the most
popular with consumers are cookbooks focusing on one or more of the following:
*    speed of food preparation,
*    positive health effects of recipes,
*    recipes from celebrities or famous chefs, and
*    format and presentation ("coffee table cookbooks").

Currently Chefscatalog.com, www.Amazon.com, and www.BarnesandNoble.com
are the three major online outlets for cookbook sales.  A number of
small competitors market individual recipes, link to the "big three,"
and market other product lines such as whole-food items.  An example
of such a small competitor is RawGourmet.com, which focuses on raw food,
Italian  food preparation and sells two handy kitchen appliances.

The competitors of LGC employ various promotion techniques including free
shipping for purchases over a specific dollar amount;  free  newsletters
featuring recipes and articles on cooking; and links and banner exchanges
with major book publishers and other kitchen-related websites.

LGC anticipates capturing market share from established competitors by
offering competitive pricing and shipping discounts for  purchases over
a specific dollar amount.  LGC  will  also promote  various  charitable
organizations such as S.O.S. (an organization that fights world hunger),
Make A Wish Foundation, Cancer Society and dozens of other not-profit
and profit partnerships.  LGC will contribute a portion of the sale to
one of LGC  selected charities and also ask the customer if they wish
to make an  additional donation.  LGC feels this  will  continue  to
bring customer loyalty and repeat business over LGC competitors.

(5)   Sources and availability of raw materials and the  names  of
  principal suppliers

LGC  has contracted with Lucinda Enterprises, Inc. (1527 W. Morrow
Dr.,  Phoenix,  AZ 85027) for the delivery of the  first  featured
title, Too Luscious for Leftovers, on as needed basis at a cost of
$15.00.  (See Exhibit 10.)

LGC  expects  to be able to purchase books on an as  needed  basis
from  publishers  or  wholesalers such as Allbooks4less.com.   LGC
believes that its customers will not want to purchase books  from,
for  example, allbooks4less.com directly for the simple fact  that
the  minimum order to purchase from allbooks4less.com  is  $250.00
and most customers may not want to order books on that large of  a
scale.   Allbooks4less.com has assured LGC that  Allbooks4less.com
can deliver these books by the hundreds if necessary.

LGC  anticipates being able to work directly with  publishers  and
wholesale  book  companies in obtaining book titles  at  wholesale
prices.   Some  of  the book wholesalers such as Allbooks4less.com
require  a minimum order.  Under those circumstance LGC will  have
no choice but purchase books in larger quantities than needed.

PAGE-4-



LGC  plans  to add a "Great Gadgets" section to the website.   LGC
expects that the addition of "Great Gadgets" may take place in the
first  quarter of 2003, provided LGC and its website are operating
smoothly.   At  that later date LGC will obtain information  about
utensil suppliers and wholesalers.

(6)   Customers

LGC  does not have an established client base.  At this time,  LGC
does    not    anticipate   that   its   business   will    depend
disproportionately on any particular client or a group of clients.
However,  during  the year ended December 31,  2002,  the  Company
generated sales of $138 to only one customer, who is the president
and CEO of the Company's fulfillment center and website developer.

LGC  believes  that all those who buy cookbooks - for  cooking  or
collecting    -    will    find    something    interesting     at
www.legourmetco.com.   However,  LGC  specifically   targets   the
affluent  consumer interested in simple meals that are  nutritious
and easy to make with simple ingredients, which are always at hand
in  the refrigerator and kitchen cabinets.  LGC's target customers
typically  have  less  time to stop at the grocery  and  plan  and
prepare meals.  As a result, recipe books with a clear focus (such
as  ethnic  cuisine:  Italian, Mexican, Tai,  etc.)  and  multiple
illustrations greatly appeal to that target audience.

(7)  Intellectual Property

LGC  does  not have any patents, trademarks, licenses, franchises,
concessions or royalty agreements.

(8)  Need for Government Approval

None.

(9)  Effect of existing or probable government regulations

LGC is subject to the same federal, state, and local laws as other
companies  conducting business on the Internet.  Today  there  are
relatively few laws specifically directed towards online services.
However,  due to the increasing popularity and use of the Internet
and  online services, many laws relating to the Internet are being
debated  at  the state and federal levels (both in  the  U.S.  and
abroad)  and  it  is  possible that laws and regulations  will  be
adopted  with  respect to the Internet or online services.   These
laws  and  regulations could cover issues such  as  user  privacy,
freedom  of  expression, pricing, fraud, content  and  quality  of
products   and   services,  taxation,  advertising,   intellectual
property rights and information security.

Applicability  to  the Internet of existing laws governing  issues
such  as  property  ownership, copyrights and  other  intellectual
property  issues, taxation, libel, obscenity and personal  privacy
is  uncertain.  The vast majority of these laws was adopted  prior
to  the advent of the Internet and related technologies and, as  a
result,  do  not contemplate or address the unique issues  of  the
Internet  and related technologies.  Those laws that do  reference
the  Internet, such as the Digital Millennium Copyright  Act,  are
only   beginning  to  be  interpreted  by  the  courts  and  their
applicability and scope are, therefore, uncertain.






PAGE-5-


Several states have proposed legislation that would limit the uses of
personal user information gathered online or require online services
to establish privacy policies.  The Federal Trade Commission also has
settled several proceedings regarding the manner, in which personal
information is collected from users and provided to third parties.
Specific statutes intended to  protect user privacy have been passed
in many non-U.S. jurisdictions. Changes to existing laws or the passage
of new laws intended  to address  these  issues  could directly affect
the  way  LGC  does business or could create uncertainty on the Internet.
This could reduce demand for LGC's services, increase the cost of doing
business as a result of litigation costs or increased service delivery
costs, or otherwise harm LGC's business.  In addition, because LGC's
services will be accessible worldwide, and LGC plans to facilitate sales
of goods to users worldwide, foreign jurisdictions may claim that LGC is
required to comply with  their laws.  Laws regulating Internet companies
outside of the U.S.  may be less favorable then those in the U.S., giving
greater rights to consumers,  content  owners and users. Compliance  may
be  more costly  or  may  require LGC to change its business practices or
restrict  service offerings relative to those in the  U.S. LGC's failure
to comply with foreign laws could subject LGC to penalties ranging from
fines to bans on LGC's ability to offer its services.

(10) Cost of Research and Development

LGC  purchased the domain www.legourmetco.com on March 18th, 2002.
Since  that  time LGC has spent approximately $900.00 to  get  the
site partially operational.

(11) Costs and effects of compliance with environmental laws

None applicable.

(12) Employees

LGC is currently in the development stage.  During the development
stage,  LGC  plans  to  rely exclusively on the  services  of  its
officers and directors to set up its business operations.

C.   Reports to Security Holders

(1)   LGC  will  furnish  its shareholders with  annual  financial
  reports certified by LGC's independent accountants.

(2)   LGC  is  a reporting issuer with the Securities and Exchange
  Commission.  LGC will continue to file annual reports on Form 10-
  KSB, quarterly reports on Form 10-QSB, current reports on Form 8-K
  and  amendments to these reports filed or furnished pursuant  to
  Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as
  amended as required to maintain the fully reporting status.

(3)  The public may read and copy any materials LGC files with the
  SEC at the SEC's Public Reference Room at 450 Fifth Street, N.W.,
  Washington, D.C. 20549.  The public may obtain information on the
  operation of the Public Reference Room by calling the SEC at 1-800-
  SEC-0330.  The SEC also maintains an Internet site that contains
  reports, proxy and information statements, and other information
  regarding  issuers that file electronically with the  SEC.   The
  address of that site (http://www.sec.gov).

Item 2. Description of Property.

LGC's  uses the administrative office located at 8343 East  Earll,
Scottsdale,  Arizona 85251.  Michelle Quinlan, a  director  and  a
shareholder,  is providing the office space at no charge  to  LGC.
The space is approximately 400 square feet and is adequate for Ms.
Quinlan to operate LGC and maintain inventory.

PAGE-6-



Item 3. Legal Proceedings.

No  director, officer, significant employee, or consultant of  LGC
has  been convicted in a criminal proceeding, exclusive of traffic
violations.

No  director, officer, significant employee, or consultant of  LGC
has  been  permanently or temporarily enjoined, barred, suspended,
or  otherwise  limited from involvement in any type  of  business,
securities or banking activities.

No  director, officer, significant employee, or consultant of  LGC
has  been convicted of violating a federal or state securities  or
commodities law.

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

During  the fourth quarter of the fiscal year 2002, no matter  was
submitted  by  this  report or otherwise to  a  vote  of  security
holders, through the solicitation of proxies or otherwise.














































PAGE-7-


                              PART II

Item 5. Market for Common Equity and Related Stockholder Matters.

Market Information

The  common stock of LGC is traded over-the-counter and quoted  on
the OTC Bulletin Board under the symbol "LGRM."  Public listing of
the  common  stock commenced on January 29, 2003.  Prior  to  that
time,  there  was  no public market for LGC's common  stock.   The
following table sets forth the high and the low bid quotations for
the  common stock as reported on the OTC Electronic Bulletin Board
for the periods indicated.  Such information reflects inter-dealer
prices,  without retail mark-up, mark-down or commission, and  may
not necessarily represent actual transactions.

                                                     Low       High
                                                     Bid       Bid
                                                    -----------------
Period from January 29, 2003 to March 10, 2003       $ 0.01    $ 0.01

Non-affiliates of LGC hold 2,500,000 shares of Common Stock, which
are  registered under the Securities Act of 1933 and could be sold
in  a  public market.  The remaining 20,000,000 shares  of  Common
Stock  issued and outstanding as of March 10, 2003 are  restricted
securities for purposes of the Securities Act of 1933.

As of March 10, 2003,

*     there are no outstanding options or warrants to purchase, or
  other instruments convertible into, common equity of LGC;

*    10,000,000 shares of common stock held by Michelle R. Quinlan
  could be sold pursuant to and subject to the restrictions imposed
  by Rule 144 under the Securities Act;

*     in  the  future, all 20,000,000 restricted shares of  Common
  Stock of LGC will be eligible for sale pursuant to Rule 144 under
  the Securities Act; and

*     There  is no additional stock that has been proposed  to  be
  publicly offered resulting in dilution to current shareholders.

Holders

As  of March 10, 2003, LGC had approximately 22,500,000 shares  of
$0.001  par  value  common stock issued and  outstanding  held  by
approximately  twenty-three (23) shareholders  of  record.   LGC's
Transfer Agent is Executive Registrar & Transfer Agency,  3118  W.
Thomas Road, Suite 707, Phoenix, AZ 85017, phone (602) 415-1273.

Dividends

LGC  has  never declared or paid any cash dividends on its  common
stock.   For  the foreseeable future, LGC intends  to  retain  any
earnings to finance the development and expansion of its business,
and it does not anticipate paying any cash dividends on its common
stock.   Any future determination to pay dividends will be at  the
discretion  of  the Board of Directors and will be dependent  upon
then existing conditions, including LGC's financial condition  and
results   of   operations,   capital   requirements,   contractual
restrictions, business prospects, and other factors that the board
of directors considers relevant.




PAGE-8-


Recent Sales of Unregistered Securities.

On May 5, 1999, the Company issued 10,000,000 shares (retroactively
restated to reflect the splits that took effect in March 2002 and March
2003) of its $0.001 par value common stock to Michelle  R.  Quinlan, an
officer and director, in exchange for $2,000 in subscription receivable.
The  total  amount  of  the transaction was $2,000 or $0.001 per share
(retroactively restated to  reflect the splits that took effect in March
2002  and  March 2003).  That sale of stock by LGC did not involve  any
public offering or solicitation.  At the time of the issuance, Michelle
R. Quinlan was in possession of all available material information about
LGC. Also, Michelle R. Quinlan had a degree of financial sophistication,
which allowed her  to  make an independent assessment of the investment
merits of LGC. On the basis of these facts, LGC claims that the issuance
of  stock  to Michelle R. Quinlan was qualified for  the exemption from
registration contained in Section 4(2) of the Securities Act of 1933.

On  March  11,  2002,  the Company effected a 1,000-for-1  forward
stock split of its $0.001 par value common stock.

During  March 2002, Michelle R. Quinlan paid for expenses totaling
$1,900  and  paid cash in the amount of $100 to cancel the  entire
subscriptions receivable balance.

In February 2003, LGC issued 5,000,000 shares of common stock (retroactively
restated to reflect the split that took effect in March  2003) to Dominique
Einhorn and 5,000,000 shares of common stock (retroactively restated to
reflect the split that took effect in March 2003) to Estelle Reyna. The
Company issued these shares as compensation to these two individuals for
joining LGC in managerial capacities. LGC valued that issuance of common
stock at  $0.05 per share.  At the time of the issuance, Mr. Einhorn and
Ms. Reyna were in possession of all available material information about
LGC. Also, Mr. Einhorn and Ms. Reyna had a degree of financial sophistication,
which allowed them to make an independent assessment of the investment merits
of LGC. On the basis of these facts, LGC claims that the issuance of stock to
Mr. Einhorn and  Ms. Reyna was qualified for the exemption from registration
contained in  Section 4(2) of the Securities  Act  of 1933.

Also  in  February 2003, the Board of Directors of LGC unanimously
approved  a  5-for-1  forward stock split,  recorded  as  a  stock
dividend to each of the holders of common stock of the Company  at
the  rate of four shares of common stock for each share then owned
with a record date of February 28, 2003 and a distribution date of
March 3, 2003.

Recent Registered Offering

The  SB-2 Registration Statement filed by LGC and deemed effective
by  the U.S. Securities and Exchange Commission (the "SEC") as  of
August  6,  2002 (SEC File No. 333-86518), offered  a  minimum  of
500,000 and a maximum of 2,000,000 shares of the Company's  $0.001
par value common stock at a price of $0.05 per share pursuant to a
self-underwritten offering.  A total of 500,000 shares  were  sold
by  the  Company  to  twenty investors  in  conjunction  with  the
registered  offering for an aggregate of $25,000.00.   The  direct
and  indirect  expenses  of  the  offering  totaled  approximately
$8,339.25.   The net proceeds to the Company were $16,660.75.   On
September  25, 2002, LGC closed the offering and deregistered  the
unsold shares.  Taking into account the split that took effect  in
March  2003, the actual number of shares of common stock owned  by
the   investors  in  the  offering  as  of  March  10,   2003   is
approximately 2,500,000.

During  the  approximately five-month  period  from  the  date  of
termination  of  the offering and February 28, 2003,  the  Company
used a portion of the proceeds from the offering as follows:

PAGE-9-


                                           Actual Use of Proceeds
                                     -------------------------------------
      Item               Intended     Period from    Three         Two
                         Use as       September      Months        Months
                         Described    25, 2002       Ended         Ended
                                      (Date of       December      February,
                           in         Termination    31, 2002      2003
                         Prospectus   of the
                                      Offering)
                                      through
                                      February 28,
                                      2003
----------------------  ------------  ------------   -----------   ---------
Offering Expenses        $8,210.00     $8,339.25      $8,339.25     $0.00
----------------------------------------------------------------------------
Website Development &    $5,000.00     $4,000.00      $4,000.00     $0.00
Maintenance
Inventory                $3,000.00     $1,186.65      $1,186.65     $0.00

Computer Hardware &      $1,000.00     $619.95        $619.95       $0.00
Software
Marketing                $2,000.00     $1,391.15      $1,000.00     $391.15

Office Supplies and      $500.00       $164.29        $34.29        $130.00
Other Expenses
General Working Capital  $5,290.00     $7,395.00      $2,895.00     $4,500.00
----------------------------------------------------------------------------
Total                    $25,000.00    $23,096.29     $18,075.14    $5,021.15
============================================================================

Of   the   total  amount  of  the  offering  expenses,  LGC   paid
approximately  $6,745.00  directly to Michelle  R.  Quinlan  as  a
reimbursement  of expenses in connection with the offering,  which
Michelle  R. Quinlan previously advanced on behalf of the Company.
LGC paid no other portion of the offering expenses in the form  of
direct  or  indirect  payments  to  directors,  officers,  general
partners of the Company or their associates; to persons owning ten
(10)  percent  or  more of any class of equity securities  of  the
Company;  or to affiliates of the Company.  LGC paid the remaining
portion of the offering expenses directly to unaffiliated parties,
including  a  legal  counsel,  a  licensed  escrow  agent,  and  a
securities consultant.

From  the  net  proceeds of the offering, LGC  paid  approximately
$2,498.00  directly to Michelle R. Quinlan as a  reimbursement  of
expenses  on  inventory, computer hardware & software,  and  other
general  business expenses not connected with the offering,  which
Michelle  R. Quinlan previously advanced on behalf of the Company.
LGC  used  no  other portion of the net proceeds in  the  form  of
direct  or  indirect  payments  to  directors,  officers,  general
partners of the Company or their associates; to persons owning ten
(10)  percent  or  more of any class of equity securities  of  the
Company; or to affiliates of the Company.  Other disclosed uses of
the net proceeds involved direct payments to unaffiliated parties.

The  actual uses of proceeds described above were consistent  with
the  anticipated uses of proceeds described in the Prospectus  for
the  offering  with the exception of two categories.   First,  the
offering  expenses  exceeded the anticipated amount  by  what  LGC
believes  to be an immaterial amount.  Second, LGC had to allocate
a  larger portion of the net proceeds from the offering to general
working  capital, primarily because of a substantial  increase  in
the cost of complying with federal securities regulations.




PAGE-10-


Item 6. Management's Discussion and Analysis or Plan of Operation.

This  section  must  be  read  in  conjunction  with  the  Audited
Financial Statements included in this report.

A.   Management's Discussion

General

Le  Gourmet Co., Inc. ("LGC" or the "Company") was incorporated in
the  State of Nevada on April 21, 1999.  LGC is a startup and  has
not yet realized any revenues.  To date, LGC has:
*  recruited and retained a management team and board of directors,
*  developed a business plan, and
*  launched its pilot website.

In  the  initial  approximately forty-four month operating  period
from  April  21,  1999  (inception)  to  December  31,  2002,  LGC
generated  revenues of $138 while incurring $23 in cost  of  goods
sold  and  $19,075 in general and administrative  expenses.   This
resulted in a cumulative net loss of $18,960 for the period, which
is  equivalent  to $0.01 per share.  The cumulative  net  loss  is
attributable solely to the costs of start-up operations.

Liquidity and Capital Resources

As of December 31, 2002, LGC had $8,040 in working capital.  LGC's
current assets as of December 31, 2002 consisted of $7,072 in cash
and   cash   equivalents  and  $1,163  in  inventory.   The   cash
equivalents included $132.00 held in a Paypal account.

LGC   believes  that  it  has  sufficient  resources  to  continue
operations for the next twelve months.  However, LGC's independent
auditors  have expressed substantial doubt about LGC's ability  to
continue as a going concern.

Recent Developments

In  February  2003, upon joining LGC's management team,  Dominique
Einhorn and Estelle Reyna contributed, free of any encumbrances or
liens, certain assets and assigned certain revenue streams to  the
Company,  which  resulted in a broader offering of  Internet-based
products  and  services.   In particular,  Dominique  Einhorn  and
Estelle  Reyna assigned all revenues currently generated by  their
online properties, EstelleReyna.com and SearchEstelle.com to  LGC.
Estelle Reyna and Dominique Einhorn also gifted to LGC at no  cost
the following assets:

1.   Domain names and web sites

  a)   www.estellereyna.com

     The    EstelleReyna.com   contains   a   fully    operational
     merchandising section (posters, photos, etc.) and  gives  the
     user access to other features such as screen saver downloads.

   b)   www.searchestelle.com

     The  SearchEstelle.com domain name is where  Estelle  Reyna's
     proprietary search engine is located.  Estelle Reyna  has  an
     agreement  with  Findwhat (Nasdaq:  FWHT)  entitling  her  to
     access  Findwhat's entire advertiser database.  The agreement
     gives  Estelle Reyna a commission of 40-50% on  all  revenues
     generated through the search engine, depending upon volume of
     searches generated.


PAGE-11-


2.   The Estelle Reyna ISS (interactive screen saver)

  The  ISS  provides an innovative solution to a problem  commonly
  encountered  by  merchants and advertising  agencies  aiming  at
  targeting  affluent  males with Internet access.   LGC  believes
  that this demographic segment is highly coveted by marketers.

  Before downloading the ISS, the user is prompted to enter  vital
  demographic  information  that  allows  to  narrowcast  specific
  marketing messages to a pre-defined user base.

  Affluent and technology literate males are ISS' initial  target.
  However, it is important to note that the ISS technology can  be
  used  to  launch  any downloadable product showing  a  promising
  return on investment such as an ISS for fine art or for products
  in the travel, auto, beauty, health & fitness industries.

Finally,  Estelle  Reyna  also assigned to  the  Company  all  her
modeling revenues earned starting February 14, 2003.  The  initial
assignment has a duration of one year, renewable by the  board  of
directors upon expiration.

B.   Plan of Operation

LGC's  website  www.legourmetco.com  is  operational  and  already
allows visitors to place orders online.  The initial goal for  the
website - in addition to its functionality as an online store - is
to  build  brand recognition via an effective Internet promotional
campaign.   Presently,  LGC  is  researching  promotional  mailing
companies, advertising and public relations firms that might  help
LGC  in the process.  With this goal in mind, in February 2003 LGC
retained the services of Mr. Dominique Einhorn as Vice President -
Business  Development and Ms. Estelle Reyna as  Vice  President  -
Creative  Design.   In  consideration of  Mr.  Einhorn's  and  Ms.
Reyna's  joining the Company, the Company issued to each of  these
individuals  5,000,000 shares (retroactively restated  to  reflect
the  split  that  took effect in March 2003) of $0.001  par  value
common stock of the Company.

Because  LGC raised only the minimum of $25,000.00 in  its  recent
registered  offering,  the implementation  of  advanced  technical
features   of   the  website  (such  as  online  video   streaming
capabilities)   and   widespread  marketing   efforts   (such   as
promotional  mailing  campaigns, engagement  of  public  relations
firms, purchasing of website banner ads, and appearances on local,
regional  and  national cooking shows on network or cable  TV)  is
postponed until LGC generates sufficient cash flow.

LGC  is considering strategic alliances with companies engaged  in
cookbook  sales over the Internet and on TV, which may  result  in
cross-marketing  of  special  collection  cookbooks  and   gourmet
kitchen  products.  Another type of partnership - with  non-profit
charitable  organizations - may help sales if a  portion  of  each
book's price were going directly to a charity.

LGC's goal is to maintain an innovative attractive web store  that
appeals  to  buyers.  LGC is striving to accomplish the  following
during the next twelve to eighteen months:

*     establish  a paying subscriber/member base and benefit  from
  repeat traffic to the website; the paying subscriber base will be
  in the form of a "book a month club" for a set price and have  a
  surprise cook book sent at the first of every month or a monthly
  news letter that reviews the newest published titles.



PAGE-12-


*     promote  www.legourmetco.com with  leading  Internet  search
  engines  so  that they place www.legourmetco.com at the  top  of
  searches when it comes to researching and purchasing cookbooks; in
  particular, LGC expects to use initially and expects be at the top
  of searches in www.overture.com, which currently lists Amazon.com
  at the top of searches for a "cook book" at estimated 32 cents a
  hit.   All LGC has to do is pay 33 cents a hit to be at the top.
  It will be virtually impossible to be at the top of every search
  engine.  If LGC can maintain a presence in the top 3 of at least
  three or four of top search engines, LGC anticipates it will  be
  able to execute its plan.

*     develop distribution channels beyond the website to  improve
  revenues;    LGC  anticipates  working  closely   with   charity
  organizations  that LGC will support on its website.   By  using
  lists provided by such charities LGC should be able to do direct
  mailings about certain titles.

LGC anticipates that over the next twelve (12) months LGC will not
hire  any additional full- or part-time employees, as the services
provided  by  the officers and directors of LGC appear  sufficient
during the initial growth stage.

Sales  growth  in  the  next  six (6) to  twelve  (12)  months  is
important for the LGC's plan of operations.  However, the  Company
cannot  guarantee  that  it will generate  such  growth.   If  the
Company  does  not generate sufficient cash flow  to  support  its
operations in the next twelve (12) to eighteen (18) months, it may
need  to  raise  additional capital by issuing  capital  stock  in
exchange  for  cash  in  order to continue  as  a  going  concern.
However, there can be no assurance that the Company would be  able
to raise enough capital to stay in business.



































PAGE-13-



Item 7. Financial Statements.










                       Le Gourmet Co., Inc.
                   (A Development Stage Company)

                           Balance Sheet
                               as of
                         December 31, 2002
                                and

                     Statement of Operations,
               Changes in Stockholders' Equity, and
                            Cash Flows
                        for the year ended
                         December 31, 2002
                                and
                          for the period
                April 21, 1999 (Date of Inception)
                              through
                         December 31, 2002





































PAGE-14-











                         TABLE OF CONTENTS


                                                      PAGE

Independent Auditors' Report                           1

Balance Sheets                                         2

Statements of Operations                               3

Statements of Changes in Stockholders' Equity          4

Statements of Cash Flows                               5

Footnotes                                              6










































PAGE-15-




Beckstead and Watts, LLP
Certified Public Accountants


                                           3340 Wynn Road, Suite B
                                               Las Vegas, NV 89102
                                                      702.257.1984
                                                702.362.0540 (fax)

                   INDEPENDENT AUDITORS' REPORT

Board of Directors
Le Gourmet Co., Inc.

We  have  audited the Balance Sheets of Le Gourmet Co., Inc.  (the
"Company') (A Development Stage Company), as of December 31, 2002,
and  the  related Statements of Operations, Stockholders'  Equity,
and  Cash Flows for the year ended December 31, 2002 and  for  the
period  April 21, 1999 (Date of Inception) to December  31,  2002.
These financial statements are the responsibility of the Company's
management.  Our responsibility is to express an opinion on  these
financial statements based on our audit.

We  conducted  our  audit  in accordance with  generally  accepted
auditing  standards  in  the  United  States  of  America.   Those
standards  require that we plan and perform the  audit  to  obtain
reasonable  assurance about whether the financial  statements  are
free of material misstatement.  An audit includes examining, on  a
test basis, evidence supporting the amounts and disclosures in the
financial   statement  presentation.   An  audit   also   includes
assessing the accounting principles used and significant estimates
made  by  management, as well as evaluating the overall  financial
statement  presentation.  We believe that  our  audit  provides  a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly,  in  all material respects, the financial position  of  Le
Gourmet Co., Inc. (A Development Stage Company) as of December 31,
2002,  and  the results of its operations and cash flows  for  the
year  ended  December 31, 2002 and for the period April  21,  1999
(Date  of  Inception)  to December 31, 2002,  in  conformity  with
generally  accepted accounting principles in the United States  of
America.

The  accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern.  As  discussed  in
Note  3  to the financial statements, the Company has had  limited
operations  and  have not commenced planned principal  operations.
This  raises substantial doubt about its ability to continue as  a
going  concern.  Management's plan in regard to these matters  are
also described in Note 3.  The financial statements do not include
any  adjustments  that  might result  from  the  outcome  of  this
uncertainty.


/s/ Beckstead and Watts LLP
----------------------------

February 27, 2003






PAGE-16-F1




                       Le Gourmet Co., Inc.
                   (a Development Stage Company)

                         Balance Sheets


                                         December 31,
                                    -------------------------
                                        2002        2001
Assets                              -------------------------

Current assets:
Cash and equivalents                 $  7,072    $       -
Inventory                               1,163            -
                                    -------------------------
Total current assets                    8,235            -
                                    -------------------------
                                     $  8,235    $       -
                                    -------------------------
Liabilities and Stockholders'
Equity

Current liabilities:
Accounts payable                     $      -    $       -
Due to related party                      195            -
                                    -------------------------
Total current liabilities                 195            -
                                    -------------------------
Stockholders' equity:
Common stock, $0.001 par value,         2,500        2,000
25,000,000 shares authorized,
2,500,000 and 2,000,000 shares
issued and outstanding as of
12/31/02 and 12/31/01, respectively
Additional paid-in capital             24,500            -
Subscriptions receivable                    -      (2,000)
(Deficit) accumulated during         (18,960)            -
development stage                   -------------------------
                                        8,040            -
                                    -------------------------
                                     $  8,235    $       -
                                    =========================






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















PAGE-17-F2




                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                     Statements of Operations


                                  For the years ended     April 21,
                                     December 31,           1999
                                                       (Inception) to
                                  -------------------    December
                                                             31,
                                   2002        2001         2002
                                  -------------------------------------
                                  -------------------------------------
Revenue                            $     138   $       -    $     138
Cost of goods sold                        23           -           23
                                  -------------------------------------
Gross profit (loss)                      115           -          115
                                  -------------------------------------
                                  -------------------------------------
Expenses:
General & administrative expenses     19,075           -       19,075
                                  -------------------------------------
Total expenses                        19,075           -       19,075
                                  -------------------------------------
Net (loss)                         $(18,960)   $       -    $(18,960)
                                  =====================================

Weighted average number of common  2,134,247   2,000,000
shares outstanding - basic and    ========================
fully diluted

Net (loss) per share - basic and   $  (0.01)   $       -
fully diluted                     ========================







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























PAGE-18-F3




                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
           Statements of Changes in Stockholders' Equity

<TABLE>
<CAPTION>
                                                              (Deficit)
                                                               Accumulated
                     Common Stock     Additional                  During        Total
                   ----------------   Paid-in     Subscriptions   Development   Stockholders'
                   Shares    Amount   Capital     Receivable      Stage         Equity
                   -----------------------------------------------------------------------
  <S>                  <C>     <C>       <C>           <C>           <C>           <C>
May 1999
Founder shares     2,000,000 $ 2,000  $      -    $  (2,000)      $      -      $      -


Net (loss)
April 21, 1999
(inception) to
December 31, 1999                                                        -             -
                   -----------------------------------------------------------------------
Balance, December  2,000,000   2,000                 (2,000)             -             -
31, 1999

Net (loss)
For the year ended
December 31, 2000                                                        -             -
                   -----------------------------------------------------------------------
Balance, December  2,000,000   2,000                 (2,000)             -             -
31, 2000

Net (loss)
For the year ended
December 31, 2001                                                        -             -
                   -----------------------------------------------------------------------
Balance, December  2,000,000   2,000                 (2,000)             -             -
31, 2001

March 2002
Expenses paid for
by a
founder and cash
for
subscriptions                                          2,000                       2,000
receivable

September 2002
Issued for cash      500,000     500    24,500                                    25,000

Net (loss)
For the year ended
December 31, 2002                                                 (18,960)      (18,960)
                   -----------------------------------------------------------------------
Balance, December  2,500,000 $ 2,500  $ 24,500    $        -     $(18,960)      $  8,040
31, 2002           =======================================================================


</TABLE>


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


PAGE-19-F4




                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                     Statements of Cash Flows


                                                       April 21, 1999
                                For the years ended    (Inception) to
                                    December 31,       December
                                -------------------       31,
                                  2002       2001        2002
                                ---------------------------------------

Cash flows from operating
activities
Net (loss)                      $ (18,960)  $      -   $  (18,960)
Adjustments to reconcile net
(loss) to
net cash (used) by operating
activities:
(Increase) in inventory            (1,163)         -       (1,163)
                                ---------------------------------------
Net cash (used) by operating      (20,123)         -      (20,123)
activities                      ---------------------------------------
                                ---------------------------------------
Cash flows from investing                -         -             -
activities                      ---------------------------------------

Cash flows from financing
activities
Issuances of common stock           27,000         -        27,000
Increase in due to related             195         -
party                           ---------------------------------------
Net cash provided by                27,195         -        27,195
financing activities            ---------------------------------------

Net increase in cash                 7,072         -         7,072
Cash - beginning                         -         -             -
                                ---------------------------------------
Cash - ending                   $    7,072  $      -   $     7,072
                                =======================================
Supplemental disclosures:
Interest paid                   $        -  $      -   $         -
                                =======================================
Income taxes paid               $        -  $      -   $         -
                                =======================================





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













PAGE-20-F5



                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                               Notes

Note 1 - History and organization of the company

The Company was organized April 21, 1999 (Date of Inception) under
the  laws  of  the State of Nevada, as Le Gourmet Co.,  Inc.   The
Company  has  no operations and in accordance with  SFAS  #7,  the
Company is considered a development stage company.

On   March   11,  2002,  the  Company  amended  its  articles   of
incorporation  to  increase the number  of  authorized  shares  to
25,000,000 shares and to change the par value to $0.001.

Note 2 - Accounting policies and procedures

Cash and cash equivalents
The  Company  maintains  a cash balance in a  non-interest-bearing
account  that currently does not exceed federally insured  limits.
For the purpose of the statements of cash flows, all highly liquid
investments with an original maturity of three months or less  are
considered to be cash equivalents.  Cash equivalents include funds
held  in  a  Paypal account.  There were cash equivalents  in  the
amount of $132 as of December 31, 2002.

Impairment of long-lived assets
Long-lived  assets held and used by the Company are  reviewed  for
possible impairment whenever events or circumstances indicate  the
carrying amount of an asset may not be recoverable or is impaired.
No such impairments have been identified by management at December
31, 2002.

Revenue recognition
The  Company  reports  revenue as invoiced on  an  accrued  basis.
Costs of sales are recorded as items are sold and are comprised of
product  purchases and shipping costs.  The Company  will  reserve
10%  of  revenue and will assess its return policy on  an  ongoing
basis and reserve for charge backs and returns based on historical
percentages.  As of December 31, 2002 no reserve has been made.

Advertising costs
The  Company expenses all costs of advertising as incurred.  There
were  no  advertising  costs  included  in  selling,  general  and
administrative expenses in 2002.

Loss per share
Net  loss  per  share is provided in accordance with Statement  of
Financial  Accounting Standards No. 128 (SFAS #128) "Earnings  Per
Share".   Basic  loss  per share is computed  by  dividing  losses
available to common stockholders by the weighted average number of
common  shares outstanding during the period.  The Company had  no
dilutive  common  stock  equivalents, such  as  stock  options  or
warrants as of December 31, 2002.

Reporting on the costs of start-up activities
Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs  of
Start-Up  Activities," which provides guidance  on  the  financial
reporting  of  start-up costs and organizational  costs,  requires
most  costs of startup activities and organizational costs  to  be
expensed  as  incurred.  SOP 98-5 is effective  for  fiscal  years
beginning after December 15, 1998.  With the adoption of SOP 98-5,
there  has  been  little or no effect on the  Company's  financial
statements.


PAGE-21-F6

                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                               Notes


Estimates
The   preparation  of  financial  statements  in  conformity  with
generally  accepted accounting principles requires  management  to
make estimates and assumptions that affect the reported amounts of
assets  and  liabilities and disclosure of contingent  assets  and
liabilities  at  the  date  of the financial  statements  and  the
reported  amounts  of  revenue and expenses during  the  reporting
period. Actual results could differ from those estimates.

Fair value of financial instruments
Fair  value  estimates  discussed herein are  based  upon  certain
market   assumptions  and  pertinent  information   available   to
management as of December 31, 2002. The respective carrying  value
of  certain  on-balance-sheet financial  instruments  approximated
their  fair values.  These financial instruments include cash  and
accounts   payable.   Fair  values  were  assumed  to  approximate
carrying values for cash and payables because they are short  term
in  nature  and their carrying amounts approximate fair values  or
they are payable on demand.

Income Taxes
Deferred  income tax assets and liabilities are computed  annually
for  differences between the financial statement and tax basis  of
assets  and  liabilities that will result in taxable or deductible
amounts  in  the  future  based on  enacted  tax  laws  and  rates
applicable on the periods in which the differences are expected to
affect taxable income.  Valuation allowances are established  when
necessary to reduce deferred tax assets to the amount expected  to
be  realized.  Income tax expense is the tax payable or refundable
for  the  period  plus or minus the change during  the  period  in
deferred tax assets and liabilities.

Segment reporting
The  Company  follows Statement of Financial Accounting  Standards
No.  130, "Disclosures About Segments of an Enterprise and Related
Information".  The Company operates as a single segment  and  will
evaluate additional segment disclosure requirements as it  expands
its operations.

Dividends
The  Company has not yet adopted any policy regarding  payment  of
dividends.   No  dividends  have  been  paid  or  declared   since
inception.

Recent pronouncements
In  July 2002, the FASB issued SFAS No. 146, "Accounting for Costs
Associated  with  Exit  or Disposal Activities",  which  addresses
financial accounting and reporting for costs associated with  exit
or  disposal  activities and supersedes EITF No. 94-3,  "Liability
Recognition  for Certain Employee Termination Benefits  and  Other
Costs to Exit an Activity (including Certain Costs Incurred  in  a
Restructuring)." SFAS No. 146 requires that a liability for a cost
associated  with  an exit or disposal activity be recognized  when
the  liability is incurred.  Under EITF No. 94-3, a liability  for
an  exit cost was recognized at the date of an entity's commitment
to an exit plan.  SFAS No. 146 also establishes that the liability
should  initially  be measured and recorded at  fair  value.   The
provisions  of SFAS No. 146 will be adopted for exit  or  disposal
activities that are initiated after December 31, 2002.




PAGE-22-F7

                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                               Notes

In  December  2002, the FASB issued SFAS No. 148, "Accounting  for
Stock-Based  CompensationTransition and Disclosure - an  amendment
of SFAS No. 123."  This Statement amends SFAS No. 123, "Accounting
for  Stock-Based Compensation", to provide alternative methods  of
transition  for a voluntary change to the fair value based  method
of accounting for stock-based employee compensation.  In addition,
this statement amends the disclosure requirements of SFAS No.  123
to  require  prominent  disclosures in  both  annual  and  interim
financial statements about the method of accounting for stockbased
employee  compensation  and  the effect  of  the  method  used  on
reported results.  The adoption of SFAS No. 148 is not expected to
have  a  material  impact on the company's financial  position  or
results of operations.

In  November 2002, the FASB issued FASB Interpretation ("FIN") No.
45,   "Guarantors  Accounting  and  Disclosure  Requirements   for
Guarantees,  Including  Indirect Guarantees  and  Indebtedness  of
Others",  an  interpretation  of  FIN  No.  5,  57  and  107,  and
rescission  of  FIN No. 34, "Disclosure of Indirect Guarantees  of
Indebtedness  of Others". FIN 45 elaborates on the disclosures  to
be  made  by  the  guarantor in its interim and  annual  financial
statements about its obligations under certain guarantees that  it
has  issued. It also requires that a guarantor recognize,  at  the
inception  of a guarantee, a liability for the fair value  of  the
obligation  undertaken  in  issuing  the  guarantee.  The  initial
recognition and measurement provisions of this interpretation  are
applicable on a prospective basis to guarantees issued or modified
after  December 31, 2002; while, the provisions of the  disclosure
requirements are effective for financial statements of interim  or
annual  periods  ending  after  December  15,  2002.  The  company
believes that the adoption of such interpretation will not have  a
material impact on its financial position or results of operations
and  will  adopt such interpretation during fiscal year  2003,  as
required.

In  January  2003,  the FASB issued FIN No. 46, "Consolidation  of
Variable  Interest  Entities",  an  interpretation  of  Accounting
Research  Bulletin  No.  51.  FIN No. 46  requires  that  variable
interest entities be consolidated by a company if that company  is
subject  to  a  majority  of the risk of loss  from  the  variable
interest  entity's activities or is entitled to receive a majority
of the entity's residual returns or both. FIN No. 46 also requires
disclosures  about variable interest entities that  companies  are
not  required  to  consolidate  but  in  which  a  company  has  a
significant  variable interest. The consolidation requirements  of
FIN  No.  46 will apply immediately to variable interest  entities
created  after  January  31, 2003. The consolidation  requirements
will  apply to entities established prior to January 31,  2003  in
the  first fiscal year or interim period beginning after June  15,
2003.  The  disclosure requirements will apply  in  all  financial
statements  issued after January 31, 2003. The company will  begin
to  adopt the provisions of FIN No. 46 during the first quarter of
fiscal 2003.

Stock-Based Compensation
The  Company  accounts  for stock-based  awards  to  employees  in
accordance  with  Accounting  Principles  Board  Opinion  No.  25,
"Accounting   for   Stock   Issued  to  Employees"   and   related
interpretations and has adopted the disclosure-only alternative of
FAS  No.  123, "Accounting for Stock-Based Compensation."  Options
granted  to  consultants,  independent representatives  and  other
non-employees  are accounted for using the fair  value  method  as
prescribed by FAS No. 123.

PAGE-23-F8

                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                               Notes

Year end
The Company has adopted December 31 as its fiscal year end.

Note 3 - Going concern

The  accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern. As  shown  in  the
accompanying financial statements, the Company has incurred a  net
loss of $18,906 for the period from April 21, 1999 (inception)  to
December 31, 2002, and has no sales. The future of the Company  is
dependent  upon  its ability to obtain financing and  upon  future
profitable  operations from the development of  its  new  business
opportunities. Management believes that it has raised enough  cash
to  sustain business for a period of twelve months. The  financial
statements  do  not  include  any  adjustments  relating  to   the
recoverability  and  classification of  recorded  assets,  or  the
amounts  of  and  classification  of  liabilities  that  might  be
necessary in the event the Company cannot continue in existence.

These  conditions  raise  substantial doubt  about  the  Company's
ability to continue as a going concern. These financial statements
do  not  include  any  adjustments  that  might  arise  from  this
uncertainty.

Note 4 - Income taxes

The Company accounts for income taxes under Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes" ("SFAS
No.  109"), which requires use of the liability method.  SFAS  No.
109 provides that deferred tax assets and liabilities are recorded
based  on  the  differences between the tax bases  of  assets  and
liabilities  and  their carrying amounts for  financial  reporting
purposes,  referred  to  as  temporary differences.  Deferred  tax
assets  and  liabilities at the end of each period are  determined
using the currently enacted tax rates applied to taxable income in
the  periods in which the deferred tax assets and liabilities  are
expected to be settled or realized.

The provision for income taxes differs from the amount computed by
applying  the  statutory federal income tax rate to income  before
provision  for  income taxes. The sources and tax effects  of  the
differences are as follows:

US  federal statutory rate  (34.0%)
Valuation reserve            34.0%
Total                          - %

As  of  December 31, 2002, the Company has an operating loss carry
forward of $18,960 for tax purposes which will expire in 2022.

Note 5 - Due to related party

During  the  year ended December 31, 2002, Michelle  Quinlan,  the
president and CEO of the Company, has loaned the Company  a  total
of  $9,438  and  the Company has repaid a total of $9,243.  As  of
December  31, 2002, the total amount owed to Ms. Quinlan is  $195.
This amount does not bear any interest and is due upon demand.

Note 6 - Stockholder's equity

The Company is authorized to issue 25,000,000 shares of its $0.001
par value common stock.


PAGE-24-F9

                       Le Gourmet Co., Inc.
                   (a Development Stage Company)
                               Notes

All  share and per share amounts have been retroactively  restated
to reflect the splits discussed below.

On  May 5, 1999, the Company issued 2,000,000 shares of its $0.001
par  value common stock to an officer and director in exchange for
a subscriptions receivable of $2,000.

On March 11, 2002, the Company effected a 1000-for-1 forward stock
split of its $0.001 par value common stock.

During  March  2002, an officer, director and shareholder  of  the
Company  paid for expenses totaling $1,900 and paid  cash  in  the
amount  of  $100  to  cancel  the entire subscriptions  receivable
balance.

On   September  25,  2002,  the  Company  completed  its  offering
registered via Form SB-2 and issued a total of 500,000  shares  of
its $0.001 par value common stock in exchange for cash of $25,000.

There have been no other issuances of common stock.

Note 7 - Warrants and options

As  of  December  31,  2002, there were  no  warrants  or  options
outstanding to acquire any additional shares of common stock.

Note 8 - Related party transactions

On  May 5, 1999, the Company issued 2,000,000 shares of its $0.001
par  value common stock to an officer and director in exchange for
a   subscriptions  receivable.  During  March  2002,  an  officer,
director and shareholder of the Company paid for expenses totaling
cash  to cancel the entire subscriptions receivable balance.  (See
Note 6)

During  the  year ended December 31, 2002, Michelle  Quinlan,  the
president and CEO of the Company, has loaned the Company  a  total
of  $9,438 and the Company has repaid a total of $9,243. (See Note
5)

Office  space  and  services  are provided  without  charge  by  a
director  and  shareholder.  Such  costs  are  immaterial  to  the
financial  statements and, accordingly, have  not  been  reflected
therein. The officers and directors of the Company are involved in
other  business activities and may, in the future, become involved
in   other   business   opportunities.  If  a  specific   business
opportunity becomes available, such persons may face a conflict in
selecting  between the Company and their other business interests.
The Company has not formulated a policy for the resolution of such
conflicts.

Note 9 - Concentrations

During  the  year  ended December 31, 2002, the Company  generated
sales of $138 to one customer, who is the president and CEO of the
Company's fulfillment center and website developer.








PAGE-25-F10


                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons

Directors, Executive Officers, Promoters and Control Persons

Each  of LGC's directors is elected by the stockholders to a  term
of  one  (1) year and serves until his or her successor is elected
and qualified.  Each of the officers is appointed by the Board  of
Directors  to a term of one (1) year and serves until his  or  her
successor  is duly elected and qualified, or until he  or  she  is
removed  from  office.  The Board of Directors has no  nominating,
auditing, or compensation committees.

The following table sets forth certain information regarding executive
officers and directors of LGC as of the date of this Registration Statement:

Name and Address       Age              Position               Director since
----------------       ---    ----------------------------    ----------------
Michelle R. Quinlan    34      President & CEO, Director            1999

Michael G. Quinlan     32    Secretary & Treasurer, Director        1999

Dominique Einhorn      32       Vice President-Business             2003
                                 Development, Director

Estelle Reyna          30    Vice President-Creative Design          N/A

The  persons  named  above have held their  office/position  since
inception  of  LGC and are expected to hold their  office/position
until the next annual meeting of LGC's stockholders.

Background of Directors, Executive Officers, Promoters and Control Persons

Michelle R. Quinlan, President & CEO, Director, has multiple years
of  management experience.  Ms. Quinlan was Secretary,  Treasurer,
and  Director of Wine Systems Design, Inc. (August,  2000  -  July
2002),  a  public  company  in  the  business  of  installing  and
maintaining  high-end, high-profile wine-cellar  cooling  systems.
Ms.  Quinlan was in charge of all books and records and played  an
integral  part in taking Wine Systems Design, Inc. public.   Prior
to  her  engagement  with Wine Systems Design, Inc.,  Ms.  Quinlan
started  work  in  bookkeeping  and administrative  capacities  at
Quinlan Air Conditioning and Heating (1996 to present), where  she
assisted  in  the  sales of air conditioning  systems.   While  at
Quinlan  Air  Conditioning and Heating, Ms. Quinlan implemented  a
financing  and  alternative  payment  program  for  the  customers
resulting  in  a substantial increase in sales.  Michelle  Quinlan
expects  to spend approximately 50% of her time working  for  LGC.
The  remaining  50% of her time will be spent  on  her  duties  at
Quinlan Air Conditioning and Heating.

Michael   G.   Quinlan,  Secretary  &  Treasurer,  Director,   was
President, CEO, and Director of Wine Systems Design, Inc. (August,
2000  - July 2002), a public company in the business of installing
and   maintaining   high-end,  high-profile  wine-cellar   cooling
systems.  From February 1997 to present, Mr. Quinlan has been self-
employed  at  Quinlan  Air Conditioning and  Heating  in  the  air
conditioning/refrigeration  industry.   From  November   1995   to
February   1997,  prior  to  his  engagement  with   Quinlan   Air
Conditioning and Heating, Mr. Quinlan worked for SunVek, a leading
remodeling, roofing, and air conditioning firm.  While at  SunVek,
Mr.  Quinlan  specialized  in installing  large  air  conditioning
systems.   Michael Quinlan does not expect to spend more than  two
hours a week for LGC.


PAGE-26-


Dominique  Einhorn, Vice President-Business Development, Director,
has  been  involved in the management of on-line direct  marketing
strategies  since  1993.   A  graduate  from  the  Universite  des
Sciences  Humaines  of Strasbourg, France, Mr. Einhorn  (with  co-
founder  Matthew Boyce) launched TheArtAuction.com, a pure  online
art  auction in 1996.  TheArtAuction.com was eventually sold to  a
publicly-traded company.  From 1998 to 2001, Mr. Einhorn served as
President  and CEO of Powerclick, Inc., an Internet marketing  and
consulting firm, which he eventually sold as well.  From  2001  to
2003,  Mr.  Einhorn  was CEO of 101marketing,  Inc.,  an  Internet
marketing and consulting firm specializing in online media buys on
behalf of its client base.  From 2002 to present, Mr. Einhorn  has
been  President of The MarketDart Corporation, a marketing company
specializing in the financial services industry.

Estelle  Reyna  (a.k.a. Esther Bermudez), Vice  President-Creative
Design,  has  been  a  free-lance  translator  and  editor  and  a
professional  model and actress since 1998 to present.   In  2002,
Ms.  Reyna briefly served as Director of Business Development  for
CharityBuy, Inc., a marketing firm specializing in the development
of  fundraising strategies for the non-profit industry.  Ms. Reyna
graduated suma cum laude from the Zurich University (Linguistics).
She  worked  as  a  judiciary interpreter  for  several  years  in
Switzerland  where  she  founded "Uebersetzer  im  Gericht."   The
association's  objective was to make the public and  the  judicial
community aware of the unique role and function of interpreters in
the  legal  system.  Ms. Reyna has been an environmental  activist
contributing  to  non-profit  organizations  like  Greenpeace  and
Amnesty International by rendering advice/consulting services  for
campaigns in South America.

Family Relationships

Michelle R. Quinlan is married to Michael G. Quinlan.

Involvement in Certain Legal Proceedings

No  director, officer, significant employee, or consultant of  LGC
has  been convicted in a criminal proceeding, exclusive of traffic
violations.

No  director, officer, significant employee, or consultant of  LGC
has  been  permanently or temporarily enjoined, barred, suspended,
or  otherwise  limited from involvement in any type  of  business,
securities or banking activities.

No  director, officer, significant employee, or consultant of  LGC
has  been convicted of violating a federal or state securities  or
commodities law.

Item 10. Executive Compensation.

                                  Compensation for the Period from Inception
                                    (April 21, 1999) to December 31, 2002
                                  ------------------------------------------
   Name                Position               Salary          Other
----------------------------------------------------------------------------
Michelle R. Quinlan  President & CEO,           $0              $0
                      Director

Michael  G. Quinlan  Secretary &                $0              $0
                      Controller, Director





PAGE-27-


In  February  2003  LGC  retained the services  of  Mr.  Dominique
Einhorn as Vice President - Business Development and Director  and
Ms.  Estelle  Reyna  as  Vice President  -  Creative  Design.   In
consideration  of  Mr.  Einhorn's  and  Ms.  Reyna's  joining  the
Company, the Company issued to each of these individuals 5,000,000
shares  (retroactively restated to reflect  the  split  that  took
effect  in  March 2003) of $0.001 par value common  stock  of  the
Company.  LGC valued the issuance of stock to Mr. Einhorn and  Ms.
Reyna  at  $0.01 per share for a combined total of $100,000.00  in
stock compensation.

There are no existing or planned option/SAR grants.

Item  11.  Security  Ownership of Certain  Beneficial  Owners  and
Management.

The following table sets forth certain information as of March 31,
2003  with  respect to the beneficial ownership  of  LGC's  Common
Stock by all persons known by LGC to be beneficial owners of  more
than 5% of any such outstanding classes, and by each director  and
executive officer, and by all officers and directors as  a  group.
Unless  otherwise specified, the named beneficial  owner  has,  to
LGC's  knowledge,  either sole or majority voting  and  investment
power.

Title Of     Name and         Position     Amount of  Percent of
 Class      Address of                      shares      Class
            Beneficial                      held by
          Owner of Shares                    Owner
-------------------------------------------------------------------
Common    Michelle R.      President and    10,000,000   44.4%
          Quinlan          CEO, Director
          8343 East Earll
          Scottsdale,
          Arizona 85251

Common    Dominique        Vice President-  5,000,000    22.2%
          Einhorn          Business
          8343 East Earll  Development,
          Scottsdale,      Director
          Arizona 85251

Common    Estelle Reyna    Vice President-  5,000,000    22.2%
          8343 East Earll  Creative
          Scottsdale,      Design
          Arizona 85251

Common                     Executive        20,000,000   88.8%
                           Officers and
                           Directors as
                           a Group

Item 12. Certain Relationships and Related Transactions.

LGC  uses  office  space and services provided without  charge  by
Michael G. Quinlan, an officer and director.

On  May 5, 1999, the Company issued 2,000,000 shares of its $0.001
par  value  common stock to Michelle R. Quinlan,  an  officer  and
director, in exchange for a subscription receivable.  During March
2002,  Michelle R. Quinlan, an officer, director, and  shareholder
of the Company, paid for expenses totaling $1,900 and paid cash in
the  amount  of $100 to cancel the entire subscriptions receivable
balance.



PAGE-28-



During the year ended December 31, 2002, Michelle R. Quinlan,  the
president and CEO of the Company, has agreed to pay for  a  number
of  items  in  connection  with LGC's organization,  a  registered
offering,  and  start-up operations.  The total expenses  paid  by
Michelle R. Quinlan to date have been $11,338.00:


          Item                 Amount
       -----------           -----------
Auditing Fees                $1,000.00
Business Plan                $2,500.00
Preparation Fees
SB-2 Preparation Fees        $4,000.00
EDGARization Fees            $1,008.00
Escrow Fee                   $  375.00
Attorney Opinion  Letter     $  500.00
Fee
Banking Fees                 $   30.00
Internet Expense             $  600.00
Inventory                    $  165.00
State Fees                   $1,160.00
                             -----------
                             $11,338.00

In  2002,  Ms. Quinlan agreed to convert $1,900 of the  loan  into
common   stock  in  the  transaction  described  in  the  previous
paragraph.  As of December 31, 2002, the Company repaid a total of
$9,243 of the outstanding loan balance.  The remaining amount  due
to Michelle R. Quinlan as of December 31, 2002 was $195.

Item 13. Exhibits and Reports on Form 8-K.

(a)  Exhibits required by Item 601 of Regulation S-B

Exhibit           Name and/or Identification of Exhibit
 Number

   3.    Articles of Incorporation & By-Laws
         (i)  Articles of Incorporation of LGC filed on June 21,
              2001, incorporated by reference to the Registration
              Statement on Form SB-2, as amended, previously filed
              with the SEC.
         (ii) Bylaws of LGC adopted on June 21, 2001,
              incorporated by reference to the Registration Statement
              on Form SB-2, as amended, previously filed with the
              SEC.

  10.    Material Contracts.
         a) Publishing Contract/Release Form, previously filed
         with the SEC.
         b) Correspondence with Mr. Einhorn and Ms. Reyna
         Regarding a Gift of Assets and Assignment of Revenues.


  23.    Consent of Experts and Counsel
         Consent of Beckstead and Watts, LLP.

  99.    Additional Exhibits
         Certification Pursuant to Title 18, United States Code,
         Section 1350, as Adopted Pursuant to Section 906 Of The
         Sarbanes-Oxley Act Of 2002.





PAGE-29-



(b) Reports on Form 8-K

LGC  filed no Current Reports on Form 8-K during the last  quarter
of  the  fiscal  year ended December 31, 2002.  During  the  first
quarter of 2003, LGC filed the following Current Reports on Form 8-
K:

   Date of Report          Date Filed           Items Reported
  -----------------     ----------------       ------------------
  February 18, 2003     February 18, 2003    Item 3. Other Events.

Item 14. Controls and Procedures.

Based  on  their  most recent review, which was  completed  within
ninety  days  of  the filing of this report, the  Company's  Chief
Executive  Officer and Principal Financial Officer have  concluded
that   the  Company's  disclosure  controls  and  procedures   are
effective  to ensure that information required to be disclosed  by
the  Company  in  the  reports  it  files  or  submits  under  the
Securities  Exchange Act of 1934, as amended, is  accumulated  and
communicated  to  the  Company's management, including  its  Chief
Executive  Officer and Principal Financial Officer, as appropriate
to  allow timely decisions regarding required disclosure  and  are
effective  to ensure that such information is recorded, processed,
summarized and reported within the time periods specified  in  the
Securities and Exchange Commission's rules and forms.  There  were
no  significant changes in the Company's internal controls  or  in
other  factors  that  could significantly  affect  those  controls
subsequent to the date of their evaluation.





































PAGE-30-




                            SIGNATURES

In  accordance with Section 13 or 15(d) of the Exchange  Act,  the
registrant  caused this report to be signed on its behalf  by  the
undersigned, thereunto duly authorized.


                      Le Gourmet Co., Inc.
                    -------------------------
                          (Registrant)

          By: /s/ Michelle R. Quinlan, President & CEO
              ------------------------------------------
                         March 10, 2003

In  accordance with the Exchange Act, this report has been  signed
below by the following persons on behalf of the registrant and  in
the capacities and on the dates indicated.

     Signature               Title                  Date
  -----------------       ------------          ------------

  /s/ Michelle R.       President & CEO,        March 10, 2003
      Quinlan               Director
--------------------
Michelle R. Quinlan

   /s/ Michael G.          Secretary,           March 10, 2003
      Quinlan          Treasurer, Director
---------------------
 Michael G. Quinlan

   /s/ Michael G.      Principal Financial      March 10, 2003
      Quinlan               Officer
---------------------
 Michael G. Quinlan

   /s/ Michael G.     Principal Accounting      March 10, 2003
      Quinlan               Officer
---------------------
 Michael G. Quinlan
























PAGE-31-


     Certification pursuant to the Sarbanes-Oxley Act of 2002

I, Michelle R. Quinlan, President and Chief Executive Officer of
Le Gourmet Co., Inc., certify that:

1.    This  annual report fully complies with the requirements  of
    Section 13 or 15(d) of the Securities Exchange Act of 1934 and
    that  the  information contained in this annual report  fairly
    presents, in all material respects, the financial condition and
    results of operations of the registrant;

2.  I have reviewed this annual report on Form 10-KSB of Le Gourmet Co., Inc.;

3.    Based  on my knowledge, this annual report does not  contain
    any  untrue  statement of a material fact or omit to  state  a
    material fact necessary to make the statements made, in light of
    the  circumstances under which such statements were made,  not
    misleading  with respect to the period covered by this  annual
    report;

4.    Based  on my knowledge, the financial statements, and  other
    financial  information included in this annual report,  fairly
    present in all material respects the financial condition, results
    of operations and cash flows of the registrant as of, and for, the
    periods presented in this annual report;

5.     The  registrant's  other  certifying  officer  and  I   are
    responsible for establishing and maintaining disclosure controls
    and procedures (as defined in Exchange Act Rules 13a-14 and 15d-
    14) for the registrant and we have:
    a)   designed such disclosure controls and procedures to ensure
      that material information relating to the registrant is made known
      to us by others, particularly during the period in which this
      annual report is being prepared;
    b)   evaluated the effectiveness of the registrant's disclosure
      controls and procedures as of a date within 90 days prior to the
      filing date of this annual report ("Evaluation Date"); and
    c)   presented in this annual report our conclusions about the
      effectiveness of the disclosure controls and procedures based on
      our evaluation as of the Evaluation Date;

6.     The  registrant's  other  certifying  officer  and  I  have
    disclosed,  based  on  our  most  recent  evaluation,  to  the
    registrant's auditors and the audit committee of the registrant's
    board  of  directors  [or  persons performing  the  equivalent
    function]:
    a)   all significant deficiencies in the design or operation of
      internal controls which could adversely affect the registrant's
      ability to record, process, summarize and report financial data
      and have identified for the registrant's auditors any material
      weaknesses in internal controls; and
    b)   any fraud, whether or not material, that involves management
      or other employees who have a significant role in the registrant's
      internal controls; and

7.     The  registrant's  other  certifying  officer  and  I  have
    indicated  in  this annual report whether or  not  there  were
    significant changes in internal controls or in other factors that
    could significantly affect internal controls subsequent to our
    most  recent evaluation, including any corrective actions with
    regard to significant deficiencies and material weaknesses.

Date:     March 10, 2003

By:  /s/ Michelle R. Quinlan
     -------------------------
Michelle R. Quinlan, President and Chief Executive Officer


-PAGE-




     Certification pursuant to the Sarbanes-Oxley Act of 2002

I, Michael G. Quinlan, Principal Financial Officer of Le Gourmet
Co., Inc., certify that:

8.    This  annual report fully complies with the requirements  of
    Section 13 or 15(d) of the Securities Exchange Act of 1934 and
    that  the  information contained in this annual report  fairly
    presents, in all material respects, the financial condition and
    results of operations of the registrant;

9.    I  have  reviewed this annual report on Form  10-KSB  of  Le
    Gourmet Co., Inc.;

10.   Based  on my knowledge, this annual report does not  contain
    any  untrue  statement of a material fact or omit to  state  a
    material fact necessary to make the statements made, in light of
    the  circumstances under which such statements were made,  not
    misleading  with respect to the period covered by this  annual
    report;

11.   Based  on my knowledge, the financial statements, and  other
    financial  information included in this annual report,  fairly
    present in all material respects the financial condition, results
    of operations and cash flows of the registrant as of, and for, the
    periods presented in this annual report;

12.    The  registrant's  other  certifying  officer  and  I   are
    responsible for establishing and maintaining disclosure controls
    and procedures (as defined in Exchange Act Rules 13a-14 and 15d-
    14) for the registrant and we have:
    d)   designed such disclosure controls and procedures to ensure
      that material information relating to the registrant is made known
      to us by others, particularly during the period in which this
      annual report is being prepared;
    e)   evaluated the effectiveness of the registrant's disclosure
      controls and procedures as of a date within 90 days prior to the
      filing date of this annual report ("Evaluation Date"); and
    f)   presented in this annual report our conclusions about the
      effectiveness of the disclosure controls and procedures based on
      our evaluation as of the Evaluation Date;

13.    The  registrant's  other  certifying  officer  and  I  have
    disclosed,  based  on  our  most  recent  evaluation,  to  the
    registrant's auditors and the audit committee of the registrant's
    board  of  directors  [or  persons performing  the  equivalent
    function]:
    c)   all significant deficiencies in the design or operation of
      internal controls which could adversely affect the registrant's
      ability to record, process, summarize and report financial data
      and have identified for the registrant's auditors any material
      weaknesses in internal controls; and
    d)   any fraud, whether or not material, that involves management
      or other employees who have a significant role in the registrant's
      internal controls; and

14.    The  registrant's  other  certifying  officer  and  I  have
    indicated  in  this annual report whether or  not  there  were
    significant changes in internal controls or in other factors that
    could significantly affect internal controls subsequent to our
    most  recent evaluation, including any corrective actions with
    regard to significant deficiencies and material weaknesses.

Date:     March 10, 2003

By:  /s/ Michael G. Quinlan

Michael G. Quinlan, Principal Financial Officer


-PAGE-