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

S.E.C. File #333-6388

Form 10-KSB

ANNUAL REPORT UNDER SECTION 15 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
Fiscal Year ended March 31, 2001



GREEN MACHINE DEVELOPMENT CORP.
(Name of small business issuer in its charter)

        FLORIDA                    65-0594832
(State of incorporation)     (I.R.S. Employer Identification Number)

     200 MacFarlane Dr., Ste 405, Delray Beach, FL      33483
(Address of principal executive offices)               (Zip Code)

Issuer's telephone number, including area code:  (561) 276-8226

Check whether 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 requirement for the past 90 days.  Yes (X) No ( )

Number of shares of Common Stock outstanding as of May 23, 2001: 15,000,000.
No preferred shares were ever issued.

1

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TABLE OF CONTENTS

PART I

ITEM 1.   BUSINESS.........................................................3

ITEM 2.   PROPERTIES.......................................................5

ITEM 3.   LEGAL PROCEEDINGS................................................5

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS..............5

PART II

ITEM 5.   MARKET FOR COMMON EQUITY.........................................6

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION........6

ITEM 7.   FINANCIAL STATEMENTS..........................................7-16

ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS...................17

PART III

ITEM 9.   DIRECTORS AND EXECUTIVE OFFICERS................................17

ITEM 10.  EXECUTIVE COMPENSATION..........................................18

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT..18

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS..................18

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.............................19-24

2

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PART I

ITEM 1   BUSINESS
  (A)  General Development of Business

The Company was incorporated in Florida on May 3, 1989 as Florida Tax Lien,
Inc., and had an effective Registration of Securities on April 17, 1990. The
offering was made pursuant to Section 8(a) of the Securities Act and was
assigned File #33-30881-A.  In June of 1997 the Company was approved for an SB1
securities offering and this registration was reassigned S.E.C. File #333-6388.

In August of 1996, the Company acquired Viva International Products, Inc., a
Florida Corporation and changed its name to Viva Golf Manufacturing, Inc.
Viva developed a new golf club featuring a jumbo, light-weight head on a
flexible graphite shaft.  The initial production of the heads were not manufac-
tured to specification and the Company cancelled the distribution due to
defective returns.  The contractor finally admitted the fault, however, the
Company lost the benefit of the $1.4 million of contracted TV advertisement to
air the 30 minute infomercial, the heart of its marketing plan.  Additional
competition made it impossible to continue without a major source of  capital.

In June of 1999 the Company agreed to aquire Green Machine Management, Corp,
through a contribution to capital by a common shareholder.  The transaction was
completed in July of 1999 when the Company changed its name to Green Machine
Development, Corp.

   (b)  Description of Business

Upon completion of the acquisition of Green Machine Management, Corp. (GMMC),
which became a wholly owned subsidiary, the Company owned two parcels of Real
Estate and a purchase contract for an additional parcel.  The Company
has experienced a delay in the development due to administration changes in the
Town of Ocean Ridge and a new interpetation of zoning code regulations.  The
Company engaged counsel to address these legal matters and to file a variance
application if necessary.  The disputed items may further delay the construction
of the luxury home.  However, waterfront prices are going higher, but labor and
materials appear to be available at even lower prices, due to economic slowdown.

     1.  The lot on the Intracoastal Waterway (ICW) at 25/27 Hudson Avenue,
         Ocean Ridge, Palm Beach County, Florida,  was divided into two
         building lots on April 15, 2000.  The GMMC, the former subsidiary
         conveyed one building lot to the Company and the second lot to Mercard
         Credit Services, Inc., a former subsidiary which will joint venture
         the development of two luxury residences.
     2.  Two triplex lots at the northern terminus of Florida Blvd., Delray
         Beach, Florida; was to be developed as an 8 unit townhouse condominium
         priced at approximately $220,000 each.  The Company planned to request
         an abandonment of a portion of the street R.O.W. to be utilized in its
         proposed development, but, was unseccessful in obtaining the
         cooperation of the (2) adjacent property owners on the west side of
         the street.  On June 24, 2000, the Board of Directors and majority
         Shareholders passed a resolution to "spinoff" the subsidiary" for
         a stock dividend of one share for each held on June 30, 2000.  GMMC
         assumed the mortgage and tax obligations.
     3.  The Company had a disputed Purchase Contract for the property known as
         26 Hudson Avenue, Ocean Ridge, also located on the ICW on the north
         side of Hudson Avenue.  The Company expected to take title to this
         parcel in July of 2000.  However, a dispute arose regarding the lack
         maintenance and disclosure requirements by the Seller.  Discussions
         continue to resolve the differences; several settlement offers have
         been rejected by the Sellers and legal action has been threatened by
         the Company.  The Company will right off the $15,000 in deposits and
         other costs associated with the planned expansion of the ICW luxury
         home project.
3

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DEVELOPMENT OF REAL ESTATE

The Company received approval for the engineering plans to construct an on site
sewer facility which was requisite to the application for building permits for
the first two luxury homes to be constructed on parcel (1).  The Health
Department made several revisions and took about 8 months to approve the
innovative system.  The required easements have been surveyed and put into legal
form and those documents have been recorded.

Preliminary architectural designed and elevations were approved indicating that
the 2 luxury homes facing the Intracoastal Waterway (ICW) will contain 4,200
square feet under A/C.  The company expected to sell each home for about $1.5
million.  The Company had initiated Marketing through the "Listing" of the new
luxury homes in the Palm Beach County Multiple Listing Service (MLS).  Adver-
tising renderings of the proposed residences in the high profile "Florida
Luxury Homes Magazine" was started.  The Company completed construction plans
and entered into a contract to build a home on one lot, obtained a mortgage
commitment and was then informed by the town that a review of the site plan,
previously approved on two occasions, indicated possible violations of their
code interpetation.  The Company retained counsel and is pursueing several
remedies.

The Company settled a minor dispute with the Florida D.E.P. arising from the
construction of a "Rip-Rap" wall to contain erosion along the ICW.  The project
was completed and the Company plans to build a dock which was also part of the
multi-agencey permit/easement.  The completion of filling, raised the elevation
between 3 and 4 feet and the wall installation increased this property's value
substantially.

4

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ITEM 2   PROPERTIES

The Company owns a building lot on the ICW at the foot of Hudson Avenue, Ocean
Ridge, Florida.  Title is Fee Simple without a mortgage encumbrance.  A second
lot is owned by Mercard Credit Services, Corp., a former subsidiary, is also
available to the Company for development as a joint venture.

A purchase agreement for additional land along the ICW on the north side of
Hudson Avenue is in dispute.  The Company is still attempting to resolve the
issues and continue the plan to expand the luxury home project.  Additional
financing will be required for the expanded development.

After the completion of architectural drawing, the sale of the luxury residence,
mortgage approvals, the Company was about to start develoment in August, 2000.
The town changed officials and a new code interpetation questioned certain
aspects of the proposed development.  The Company engaged counsel to
negociate the differances with the town and file for a variance if necessary.

The delay has caused the cancellation of the purchase contract and mortgage
committment which would have provided initial land, construction and permanent
financing.  Cash flow is further impeded without the expected profit and
continued costs and legal expense.

The two triplex lots in Delray Beach were titled to Green Machine Management,
Corp (GMMC) a subsidiary until June 30, 2000.  The Company spunoff the
subsidiary through a dividend distribution to shareholders, GMMC assumed the
mortgage and tax obligations and plans to develop a townhouse project.

The Company has "put on hold" several planned acquistions for additional
projects until the resolution of the initial development or other financing can
be arranged.

ITEM 3   LEGAL PROCEEDINGS

The Company is not aware of any legal proceedings pending or threatened.
However, the Company plans a variance application which may end up in
litigation, if denied.


ITEM 4   SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

On May 18, 2000 at a special meeting called by the Board of Directors, which
was attended by all members and a representation of approximately 80% of the
outstanting shareholders.  The Company was authorized to issue 1 million common
shares, subscribed to by the holders of shareholder debt for $562,000, since
there was no financing available to make full or partial payments.  The Company
later agreed to then exchange those 1 million shares for all the outstanding
shares of the subsidiary, Mercard Credit Services on June 13, 2000.  The
subsidiary held title to one building lot, part of the divided lot on the ICW,
leaving the Company with one building lot.  The Company's investment in real
estate was reduced by approximately $150,000 and debt was reduced by $562,000.

A special meeting occured on June 24, 2000, which was attended by all Directors
and representatives of over 80% of the outstanding shares.  The Directors
authorized the spinoff of Green Machine Management, Corp (GMMC), the remaining
subsidiary.  A dividend was declared to the shareholders of record on June
30, 2000, of one new share of GMMC for each 10 held in the parent company.  GMMC
retained title to the two duplex lots in Delray Beach and assumed the mortgage
debt and outstanding taxes.

5

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PART II

ITEM 5   MARKET FOR COMMON EQUITY

There are approximately 105 holders of the 15,000,000 outstanding common shares.
No preferred shares have been issued.  The Company has never paid dividends on
its common shares, nor is there a plan to pay dividends in the near future.
There are no restrictions from making such dividend payments.  There is no
market currently for the common shares, eventhough, the Company is authorized to
trade on O.T.C. Bulletin Board with the symbol GMCD.

ITEM 6   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The Company had no revenue in Fiscal 2000 nor any revenue in the current year
and relied on additional shareholder loans for the improvement it's real
estate, legal and administrative expenses.

The Company plans to generate revenue through property sale, joint venture or
building contracts for new luxury homes whereby the purchaser pays for the land
and carries the construction loans.  Marketing for the latter is already
in progress.  The homes are listed in the Palm Beach County Multiple Listing
Service (MLS) for 1.5 million dollars each and advertising is paid by the
Broker, June-Ann Fox, a Director and President.  The Company is confidant that
new purchase contracts will be negociated when code issues are resolved with the
town.

The price of the luxury homes was determined by taking the average square
footage cost of comparable homes sold in the previous six months.  The market
for waterfront homes on the Intracoastal Waterway (ICW) appears to be stable and
prices are rising while labor and material prices seem to be falling.  Assuming
this trend continues the Company expects a wider profit margin for development.

The Company expects to provide supervision and subcontract most of the building
operations.  Mr. James T. Martin, a Director, is an experienced and licensed
building contractor.

The Company is again relying on a sale of at least 1 new residence to recover
the lot value in order to take title to additional land, presently under
contract.  In the event a purchaser is not secured, the Company may issue
convertible, Preferred Shares to finance capital requirements.

6

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ITEM 7   FINANCIAL STATEMENTS

GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STATE COMPANY)

FINANCIAL STATEMENTS

MARCH 31, 2001 AND 2000

BAUM & COMPANY, P.A.
Certified Public Accountants
1515 University Drive - Suite 209
Coral Springs, Florida  33071
(954) 752-1712


INDEPENDENT AUDITORS REPORT

The Board of Directors
Green Machine Development Corp.
Delray Beach, Florida

We have audited the accompanying balance sheet of Green Machine Development,
Corp. as of March 31, 2001 and 2000 and the related statements of income,
cash flows and changes in stockholder's equity for the year then ended.  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 audits in accordance with generally accepted auditing
standards.  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 disclusures in the financial statements.  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 present fairly, in all material
respects, the financial position of Green Machine Development Corp.
at March 31, 2001 and 2000 and the statement of income, cash flows and changes
in stockholder's equity for the year that ended in conformity with generally
accepted accounting principles.

Coral Springs, Florida
June 29, 2001

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TABLE OF CONTENTS

                                                                    Page

Independent Auditor's Report                                         1

Balance Sheet                                                        2

Statements of Income and Retained Earnings                           3

Statement of Cash Flows                                              4

Statement of Changes in Stockholder's Equity                         5

Notes to Financial Statements                                      6-9


8

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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEET
YEARS ENDED MARCH 31, 2001 AND 2000

ASSETS
                                                             2001        2000
    Current Assets
  Cash and Cash Equivalents                               $  -0-       $13,357

Other Assets
  Investments in Real Estate (Note 1)                      162,476     400,583
  Deposits on real estate                                    -0-        15,000
  Organization costs (net of amortization of $5,836)(Note 1)   664       2,164
                                                           -------     -------
    Total other assets                                     163,140     417,747

Property, plant and equipment (net) (Note 1 and 2)              95         732
                                                           ________      _____
    Total assets                                          $163,235    $431,836
                                                           ========     ======
LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities
  Mortgage payable (Note 3)                                $ -0-      $ 25,000
  Loan Payable (Notes 4 and 5)                               25,632   $512,242
  Accrued expenses                                            1,500     44,900
                                                           --------   --------
    Total Current Liabilities                              $ 27,132   $582,142
                                                           ________     ______
Stockholders Equity
  Common Stock, par value $.001
   50,000,000 shares authorized:
   15,000,000 and 11,700,00 shares
   issued and outstanding in 2001 and 2000 respectively      15,000     11,700
  Treasury stock                                            ( 3,300)      -0-
  Paid-in Capital                                           336,155       -0-
  Accumulated deficit during development state             (221,752)  (162,006)
                                                           _________   ________
                                                            136,103   (150,306)
                                                           _________   ________
  Total Liabilities and Stockholders Equity                $163,235   $431,836
                                                           =========   ========

See accountants compilation report and notes to the financial statements.

9                                                                     FS Page 2

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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
YEARS ENDED MARCH 31, 2001 AND 2000

                                                             2001       2000
Revenues

  Fee Income                                             $   -0-     $   -0-

  Other Income                                               -0-        3,174
                                                         ________    ________

Operating Expenses                                         34,746      69,081
                                                         ________    ________

Net Income (Loss) before non-recurring items              (34,746)    (65,907)
                                                         =========   =========
Non-recurring items

   Writeoff of deposit on real estate                     (15,000)       -0-

Net (loss) before provision for income taxes              (49,746)       -0-
                                               _________    _______

Provision for income taxes                                   -0-         -0-

Net (loss)                                               $(49,746)   $(65,907)
                                                         =========   =========

Earnings per share                                        $ nil         $ nil
                                                        ==========   =========

See accountants compilation report and notes to the financial statements.

10                                                                     Page 3

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GREEN MACHINE DEVELOPMENT CORP.
(FORMERLY VIVA GOLF MANUFACTURING, INC.)
(A DEVELOPMENT STATE COMPANY)
CONSOLIDATED STATEMENT OF CASH FLOWS
YEARS ENDED MARCH 31, 2001 AND 2000

                                                             2001        2000
Cash flows from operations:
  Net loss                                                $(65,907)   $(9,644)
  Adjustments to reconcile net loss to net cash provided by
    Operating activities:
  Depreciation and amortization                              2,591      2,365


Changes in operating assets and liabilities

  Decreases in Inventory                                       -0-      4,062
  (Increase) in accured expenses                              44,900        -0-
                                                          ________     ______
Net cash used for operations                               (18,416)    (3,217)

Cash flows from investing activities:
  Investment in real estate                               (400,583)       -0-
  Deposits on real estate                                  (15,000)       -0-
                                                          _________    ______
                                                           415,583        -0-
                                                          _________    ______

Cash flows from financing activities:
  Proceeds from note payable                               422,356      3,217
  Proceeds from mortgage payable                            25,000        -0-
                                                           _______      _____

Net increase in cash                                        13,357        -0-

Cash - beginning                                               -0-        -0-
                                                           _______      _____

Cash - ending                                              $13,357      $ -0-
                                                           =======      =====

See accountants report and notes to the financial statements

11                                                                  SF Page 4

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GREEN MACHINE DEVELOPMENT CORP.
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
YEAR ENDED MARCH 31, 2001 AND 2000

                                                      Additional
                                      Common Stock      Paid-In-   Accumulated
                             Shares      Amount         Capital       Deficit

Balance, August 12, 1996    1,700,000    $ 1,700        $ -0-       $   -0-

Issuance of Common
  Stock in Acquisition     15,000,000     15,000          -0-           -0-

Retirement of Common
  Stock                    (5,000,000)    (5,000)         -0-           -0-

Net Loss                                     -0-          -0-        (70,240)
                           __________     _______       _____       _________

Balance, March 31, 1997    11,700,000     11,700          -0-        (70,240)

Net Loss                                                             (16,215)
                           __________     _______       _____       _________

Balance - March 31, 1998   11,700,000     11,700        $ -0-        (86,455)

Net Loss                                                              (9,666)
                           __________     _______       _____        ________

Balance - March 31, 1999   11,700,000     11,700        $ -0-       $(96,099)

Net Loss                                                             (46,292)
                           __________     ______        _____       _________

Balance - March 31, 2000   11,700,000    $11,700        $ -0-      $(162,006)

Net Loss                                                             (49,746)
                           __________    _______        ______     __________

Contribution of capital
resulting from spin-off of
Subsidiaries - June 2001         -0-       -0-        $336,155         -0-

Common Stock Issued for
Acquisition-January 2001    3,300,000      3,300         -0-           -0-

Common Stock Reacquired
Held as Treasury Stock      3,300,000      -0-           -0-           -0-

Balance - March 31, 2001   15,000,000    $15,000      $336,155     $(211,752)
                           ==========    =======        =====      ==========

See Accountant's Report and Notes to the Financial Statements

12                                                                  FS Page 5

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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENT
YEARS ENDED MARCH 31, 2001 AND 2000


NOTE 1   SIGNIFICANT ACCOUNTING POLICIES

         ORGANIZATION AND OPERATIONS

         The Company was organized under the laws of the State of Florida on
         May 3, 1989.  The Company acts as a financial and management consultant
         and develops real estate projects. It is in the development state and
         is actively seeking to raise capital to fund its activities.  On June
         17, 1999, the Company filed an Amendment to the Articles of Incorpora-
         tion to change its name to Green Machine Development Corp.


         BASIS OF ACCOUNTING

         The Company's policy is to prepare its financial statements using the
         accrual basis of accounting in accordance with generally accepted
         accounting principles.

         USE OF 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, the disclosure of contingent assets and liabilities at the
         date of the financial statements, and the reported amounts of revenues
         and expenses during the reporting period.  Actual results could differ
         from those estimates.

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         INVESTMENT IN REAL ESTATE

         The Company's investment in real estate is stated at cost and related
         costs have been capitalized.

         FIXED ASSETS

         Fixed assets are stated at cost and are depreciated over thier
         estimated useful lives (5 to 10 years), using the straight-line method
         of depreciation.  Expenditures for major renewals and betterments that
         extend the useful lives of fixed assets are capitalized.  Expenditures
         for maintenance and repairs are charged to expense as incurred.

         INCOME TAXES

         In February 1992, the Financial Accounting Standards Board Issued
         Statement on Financial Accounting Standards No. 109. "Accounting for
         Income Taxes."  Under SFAS No. 109. deferred assets and liabilities are
         recognized for the estimated future tax consequences attributable to
         differences between the financial statement carrying amounts of
         existing assets and liabilities and their respective basis.

         In accordance with FASB 109 due to the uncertainty of future operating
         profits the Company has taken an 100% valuation allowance against the
         tax benefits resulting from the approximate $140,000 of net operating
         losses.

NOTE 2   PROPERTY, PLANT AND EQUIPMENT

         Fixed assets are comprised of:

           Computer equipment                        $ 1,825
           Less: accumulated equipment                (1,093)
                                                     ________
             Net fixed assets                        $   732
                                                     ========

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NOTE 3   MORTGAGE PAYABLE

         On January 15, 1999, the Company acquired a parcel of land whereby the
         seller gave back a $40,000 fixed rate balloon mortgage.  The mortgage
         is interest free until July 15, 1999, and will accrue interest at 6.5%
         per annum.  The entire principal balance together with accrued interest
         would have been due on October 15, 1999.  The note's maturity date
         was subsequently extended to October 15, 2000  and the principal
         amount was reduced by $15,000 to a balance of $25,000, as of March
         31, 2000.

NOTE 4   LOAN PAYABLE - RELATED PARTY

         The Company has received funding primarily for its real estate
         investing from a related party.  The loan plus accrued interest at 8%
         per annum is due on or before June 16, 2000.  The note is unsecured.

         A related party has received various reimbursements of personal
         expenditures in exchange for providing office facilities and
         administrative services.

NOTE 5   CAPITAL TRANSACTIONS

         On April 17, 1990, the Company received a letter of effectiveness from
         the Securities and Exchange Commission for its registration pursuant
         to a Section 8(a) filing.  The underwriting of its public common stock
         was unsuccessful, but 170,000,000 shares of its common stock were
         issued to the organizing group.

         On April 16, 1996, the Company recapitalized by reducing its authorized
         stock from 500,000,000 shares; .00001 par value to 50,000,000 shares;
         .001 par value.  Pursuant to corporate resolution dated April 16, 1996,
         the Company then approved a reverse split of its outstanding stock
         100 to 1.  Effectively, the 170,000,000 shares outstanding were reduced
         to 1,700,000 shares.

         On August 12, 1996, the Company issued 15,000,000 shares to acquire
         100% of the outstanding common shares of Viva International Products,
         Inc. via a stock for stock exchange.  On December 10, 1996 the
         Principal agreed to a 5 million share reduction in order to induce
         investment financing.

15                                                                  FS Page 8

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         On September 5, 1996, the Company changed its name to Viva Golf
         Manufacturing, Inc.

         On December 10, 1996, the Board of Directors approved a resolution
         whereby five million shares held by a principle shareholder was retired
         in order to induce investment financing.

         On May 20, 1999, an investor remitted $25,000 as a stock subscription
         under the Company's private placement.  All parties have agreed to
         postpone issuance of stock and treat the advance as a temporary
         non-interest loan, which may be refunded or exchanged for 12,500 shares
         of free trading common stock.  The obligation has been satisfied by a
         related party.

         On June 17, 1999, Viva Golf Manufactureing, Inc. accepted as a captial
         contribution all the issued and outstanding stock of Green Machine
         Management Corp., (a Florida Corporation).  The company Green Machine
         Management Crop., will be a wholy-owned subsidiary.  On the same date
         the Company filed an Amendment to the Articles of Incorporation for a
         name change to Green Machine Development Corp.


NOTE 6   STOCK OPTION PLAN

         On July 20, 1999, the Company approved a stock option plan for its two
         Corporate Directors.  The plan calls for the exercise of up to 100,000
         shares in the year 1999 and 100,000 shares in the year 2000 for each of
         its two Directors for a total of 400,000 shares.  The stock option
         exercise is fixed at $1.00 per common share with a minimum of 25,000
         shares per transaction.  No additional options have been granted and
         none have been excercised as of March 31, 2001.

NOTE 7   SUBSEQUENT EVENTS

         On April 5, 2000, Green Machine Management Corp. (A wholly-owned
         subsidiary) conveyed by quickclaim deed two parcels of land, one to the
         Parent Company, GMDC and the other to Mercard Credit Services, Corp.
         The Company has agreed in principle, to satisfy the related party loans
         on these parcels by transfering all the issued and outstanding stock of
         Mercard Credit Services, Inc., to the related party.  Additionally,
         the subsidiary Green Machine Management Corp., will be spun off as a
         stock dividend to the shareholders on a 10:1 basis.

16                                                                  FS Page 9

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ITEM 8   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

         None

PART III

ITEM 9   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
         COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

         The Directors and Executive Officers of the Company are as follows:

NAME                    AGE     POSITION                       YEAR ELECTED

June-Ann Fox            53      Director, President               1999
James T. Martin         51      Director, Secretary-Treasurer     1999
John J. Brehm           52      Director, Vic-President           1997

June-Ann Fox, President/Director, is a licensed Florida Real Estate Broker
specializing in waterfront and beach area properties.  Ms. Fox has been
associated with RE/MAX in Delray Beach and Boca Raton, Florida, for over 5
years.  She was elected to serve as a Director to the South Palm Beach County
Realtor Association in 1998 after having served as Chairperson for the
Association's Grievance and Ethics Committee for 2 years.  Ms. Fox continues to
be active in the Palm Beach Realtor Association and currently serves as chair-
person of the countywide Professional Standards Committee.  During her real
estate career, Ms. Fox has earned her Graduate Real Estate Institute Award,
Certified Residential Specialist and has been named, Realtor Associate of thekk
Year, along with several production awards.

Prior to entering the Real Estate profession, Ms. Fox operated a private con-
sulting firm in Ohio where she worked with small to mediu;m cities carrying out
their personnel, governmental and labor relations responsibilities.

James T. Martin, Secretary - Treasurer/ Director, graduated from Florida
Atlantic University in 1973 and continued to earn his M. Ed. Degree in 1975.
Mr. Martin has also received diplomas from numerous contracting and construction
institutions and became a licensed real estate agent in 1985.  Since 1976, Mr.
Martin has been a State of Florida Registered Electrical Contractor and has a
Block Masters License Unlimited.  He has also been a State of Florida Certified
General Contractor since 1981 and a State of Florida Certified Mechanical
Contractor since 1985.  In 1992, Mr. Martin became President of A.D.A.
Assistance Corporation, which focuses on major hurricane repair and demolition
work.  A.D.A. has successfully bid for government contracts for rehabilitiation
of multi family projects.  The Company also specializes in environmental
rehabilitation and demolition or removal of asbestos and other hazardous
materials.

John J. Brehm, Vice President/Director, began his career with Levitz Furniture
Corporation in 1967 as a trainee while attending the University of Texas,
Arlington.  In 1972, Mr. Brehm was appointed Vice President of Merchandising,
a position he held for nearly twenty years.  His responsibilities inclused the
purchasing, merchandising, advertising and sales of all furniture products.
During this period, Levitz sales grew from $320 million annually to over $900
million.  In 1992, Mr. Brehm became Vice President of Marketing.

In 1966, Mr. Brehm formed Value Import Products, Inc., a marketing and sales
organization supplying furntire products to the domiestic retail trade.  He also
established International Network, Inc., supplying component parts to the $20
billion per year United States furniture manufacturing industry.

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ITEM 10  EXECUTIVE COMPENSATION

                           ANNUAL COMPENSATION

NAME AND POSITION              FISCAL   SALARY    BONUS      OTHER
                               YEAR                          COMP.
____________________________________________________________________________
June-Ann Fox, President        2001     $ -0-       -        $3,000
James T. Martin, Secretary-
    Treasurer                  2001     $ -0-       -        $2,750
John J. Brehm, Vice-President  2001     $ -0-       -           -

                         COMMON STOCK OPTIONS

                               YEAR   # OF SHARES  PRICE/SHARE  EXERCISED
____________________________________________________________________________
June-Ann Fox, President        2001     100,000      $1.00       None
James T. Martin, Secretary-
    Treasurer                  2001     100,000      $1.00       None
John J. Brehm, Vice-President  2001                              None

There is no current cash conpensation plan for Directors / Officers in 2000.
The Company authorized a two year stock purchase option as compensation to it's
Directors and plans again to provide stock options as part of a new compensation
package when funds are available.


ITEM 11  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNER AND MANAGEMENT

The Company is not aware of any instances where an Officer / Director is the
beneficial owner of additonal securities other than those listed on the
Shareholder's List.

ITEM 12  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Green Machine Management, Ltd., a Bahamian I.B.C., a shareholder, and it's
Administrator, George B. Liddy, provide financial consulting services to the
Company.  The Bahamian Company has also provided substantial loans to the
Company and holds several unsecured notes.  Mr. Liddy is the father of Geoffrey
D. Liddy, the majority shareholder of the Company.

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ITEM 13  EXHIBITS AND REPORTS ON FORM 8-K (ITEM 601 OR REGULATION S-B)

The Company did file a Form 8K on May 26, 2000 regarding the Contribution to
Capital by Green Machine Management, Corp. on June 17, 1999.  However, this
activity was reported at length in the June 30, 1999 10QSB along with the
Pro Forma Financial Statement.

INDEX

EXHIBIT 1   AMENDED AND RESTATED ARTICLES OF INCORPORATION OF VIVA GOLF
            MANUFACTURING, INC.

EXHIBIT 2   CORPORATE RESOLUTION FOR CONTRIBUTION TO CAPITAL BY GREEN MACHINE
            MANAGEMENT, CORP. TO THE COMPANY

EXHIBIT 3   AMENDED ARTICILES OF INCORPORATION FOR NAME CHANGE, REGISTERED AGENT
            AND DIRECTORS

EXHIBIT 4   STOCK OPTION AGREEMENT FOR DIRECTORS

EXHIBIT 5   RESOLUTION, MAY 18, 2000 FOR THE EXCHANGE OF COMPANY STOCK FOR ALL
            THE OUTSTANDING SHARES OF THE SUBSIDIARY MARCHAD CREDIT SERVICES,
            CORP.

EXHIBIT 6   RESOLUTION, JUNE 24, 2000, AUTHORIZING DIVIDEND DISTRIBUTION;
            SPINOFF OF SUBSIDIARY GREEN MACHINE MANAGEMENT CORP.


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EXHIBIT 1   AMENDED AND RESTATED ARTICLES OF INCORPORATION OF VIVA GOLF
            MANUFACTURING, INC.

Pursuant to the provisions of the Florida Business Corporation Act, the
undersigned corporation adopts the following amendment to the Corporation's
Articles of Incorporation, which amendment was adopted by the shareholders of
the Corporation on January 9, 1997 by the holders of the outstanding common
stock, the only voting group entitled to vote thereon, by written consent
pursuant to Section 607.0704 of the Florida Business Corporation Act.  The
number of shares adopting the amendment was sufficient for approval by the
group.

     1.  The name of the Corporation is VIVA GOLF MANUFACTURING, INC.

     2.  The Articles of Incorporation of the corporation is hereby amended to
read in their entirety as follows:

                               ARTICLE I

                                 Name

        The name of this Corporation is VIVA GOLF MANUFACTURING, INC.

                               ARTICLE II

                                Purpose

        The purpose or purposes of the Corporation shall be to engage in any
lawful act or activity for which corporations may be organized under the
Florida Business Corporation Act.


                               ARTICLE III

                              Capital Stock

     The total amount of capital stock which this Corporation has the authority
to issue is as follows:

     50,000,000 shares of Common Stock, $.001 par value per share; and
     5,000,000 shares of Preferred Stock, $1.00 par value per share.

     With respect to the Corporation's Preferred Stock, the Board of Directors
is authorized, subject to limitations prescribed by law, to provide for the
issuance of the shares of such Preferred Stock in series, and to establish from
time to time the number of shares to be included in each series, and to fix the
designation, powers, preferences and relative, participating, optional or other
special rights of the shares of each series and the qualificaions, limitations
or restriction thereof.

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                               ARTICLE VI

                   Indemnification of Directors, Officers
                    and Other Authorized Representatives

     Section 1.  The Corporation shall indemnify and advance expenses to its
currently acting and its former directors, officers, employees and agents
against liabilities, damages, settlements and expenses (including attorneys'
fees) incurred in connection with the Corporation's affairs to the fullest
extent that indemnification and advancement of expenses is permitted by the
Florida Business Corporation Act.  The Board of Directors may by By-law,
resolution, agreement, insurance or otherwise make additional provisions for
indemnification and advancement or expenses of directors, officers, employees
and agents to the fullest extent permitted by the Florida Business Corporation
Act.

     Section 2.  No future amendment to the Articles of Incorporation of the
Corporation shall affect any right of any person under this Article based on any
event, omission or proceeding prior to such amendment.

                               ARTICLE V

                              Severablity

     In the event any provision (including any proavision within a single
article, section, paragraph or sentence) of these Articles should be determined
by a court of competent jurisdiction to be invalid, prohibited or unenforceable
for any reason, the remaining provisions and parts hereof shall not be in any
way impaired and shall reamin in full force and effect and enforceable to the
fullest extent permitted by law.

VIVA GOLF MANUFACTURING, INC.


/S/
Charles J. Malone, President

January 13, 1997

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EXHIBIT 2   CORPORATE RESOLUTION FOR CONTRIBUTION TO CAPITAL BY GREEN MACHINE
            MANAGEMENT, CORP., TO THE COMPANY

I, Geoffrey D. Liddy, the undersigned sole shareholder of Green Machine
Management Corp. (GMMC), a Florida Corporation, hereby contribute 1,000,000
common  shares, all the issued and outstanding stock of GMMC, to Viva Golf
Manufacturing, Inc. (VGMI) of which I am the majority shareholder.

Certificate number 1 issued June 24, 1994 is executed and hereby contributed and
conveyed as a part of this agreement.  GMMC and its real estate assets will
become a wholly owned subsidiary of VGMI and will complete its audited financial
statements for the fiscal yuear ending 05/31/1999.

IN WITNESS WHEREOF, the undersigned to contribute to VGMI capital, as of
June 17, 1999.

Green Machine Management, Corp.

/S/
Geoffry D. Liddy

The above shares are hereby accepted by VGMI;

/S/
June-Ann Fox, Secretary, VGMI

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EXHIBIT 3   AMENDED ARTICILES OF INCORPORATION FOR NAME CHANGE, REGISTERED AGENT
            AND DIRECTORS.

At a special meeting of the Shareholders held on June 17, 1999, at which meeting
all of the issued and outstanding shares were represented, a resolution was
passed unanimously for an amendment to change the Registered Office/Agent and
the Articles of Incorporation of Viva Golf Manufacturing, Inc.  The company was
incorporated May 3, 1986, with document number K86470 by the Florida
Secretary of State, and hereby amends the articles as follows:

ARTICLE I - NAME
The name of this corporation is hereby changed to GREEN MACHINE DEVELOPMENT,
CORP.

ARTICLE V - REGISTERED AGENT AND OFFICE
The name of the registered agent is June-Ann Fox and the street address of the
registered office of this corporation is 200 MacFarlane Drive, Suite 405, Delray
Beach, FL  33483

I, June-Ann Fox, signing these Amendments, accept the duties and
responsibilities as registered agent for said corporation.

ARTICLE VI - BOARD OF DIRECTORS
This corporation has three directors.  The number of directors may be increased
or decreased by the bylaws adopted by the stockholders but shall never be less
than one.  The names of the current directors are June-Ann Fox, James T. Martin
and John J. Brehm.

IN WITNESS HEREOF, the undersigned President/Director has executed these
amendments of Incorporation this 17th day of June, 1999.

/S/
June-Ann Fox, President/Director

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EXHIBIT 4   STOCK OPTION AGREEMENT FOR DIRECTORS

Green Machine Development Corp. (GMDC) a Florida Corporation, of 200 MacFarlene
Drive, Suite 405, Delray Beach, Florida  33483, the Company; and two individual
Directors June-Ann Fox (JAF) and James T. Martin (JTM), the Parties to this
agreement.

On June 17, 1999, the Company authorized an annual "Stock Purchase Option" to
JAF and JTM.  The option amount is one hundred thousand shares of common stock
(100,000 C.S.) each in the year 1999 and the 2000; a total amount of 400,000
shares.

     The Parties agree to the following terms and conditions:
          1.  Notice to exercise all or any part of "option" stock will be
              made in writing to the Company, thirty days prior to the expected
              delivery.
          2.  Payment of $1.00 per share for the exercised number of shares will
              be paid at the time of delivery of the stock certificate.
          3.  25,000 minimum number of shares per option transaction.

July 20, 1999
                                                 /S/
Green Machine Development, Corp                  June-Ann Fox, Individually

/S/                                              /S/
John J. Brehm                                    James T. Martin, Individually

/S/
James T. Martin, Corporation Secretary


EXHIBIT 5   RESOLUTION, MAY 18, 2000, FOR THE EXCHANGE OF COMPANY STOCK FOR
            ALL THE OUTSTANDING SHARES OF THE SUBSIDIARY MERCARD CREDIT SERVICES
            CORP.

                     GREEN MACHINE DEVELOPMENT, CORP.

                           CORPORATE RESOLUTION

I hereby certify that at a meeting duly called by the Board of Directors of
Green Machine Development, Corp. (GMDC), a Florida corporation, held on the
18th day of May, 2000, at which meeting the holders of a majority of the
outstanding shares were present and acting throughout, the following resolution
was adopted and ever since has been and is now in full force and effect:

WHEREAS; Green Machine Management, Ltd., a Bahamian IBC, (GMMLtd) has advanced
over $512,242 to the Companies over the past several years and interest of over
$44,900 has accrued, in accordance with the recent audited financial statement
for FYE March 31, 2000, and,

WHEREAS; the Company previously agreed to give a mortgage as collateral for the
unsecured loans and pay the total balance by June 16, 2000, and,

WHEREAS; it appears that the Company will not be financially in a position to
make a full payment, and,

WHEREAS; the Company has agreed to issue one million shares of common stock and
offer same to GMMLtd for a subscription to the stock in the amount of $567,142,
and,

NOW THEREFORE BE IT RESOLVED that the Company is authorized to issue one million
shares of common stock to GMMLtd for subscription in the total amount of
$567,142.

May 18, 2000

Green Machine Development, Corp.

/S/
June-Ann Fox, President/Director


EXHIBIT 6   RESOLUTION, JUNE 24, 2000, AUTHORIZING DIVIDEND DISTRIBUTION;
            SPINOFF OF SUBSIDIARY GREEN MACHINE MANAGEMENT CORP.


                      GREEN MACHINE DEVELOPMENT, CORP

                          CORPORATION RESOLUTION

I hereby sertify that at a meeting duly called by the Board of Directors of
Green Machine Development, Corp. (GMDC), a Florida corporation, held on the
24th day of June, 2000, at which meeting the holders of a majority of the
outstanding shares were present and acting throughout, the following resolution
was adopted and ever since has been and is now in full force and effect:

WHEREAS:  Green Machine Management, Corporation, a Florida corporation (GMMC),
is a wholly owned subsidiary of the Company since June 17, 1999, when a common
shareholder contributed to capital 1 million common shares, all of the issued
and outstanding stock, and,

WHEREAS:  GMMC had title to a large lot on the Intracoastal Waterway (ICW) in
Ocean Ridge, Florida and to another parcel containing two (2) triplex lots in
Delray Beach, Florida, and,

WHEREAS:  GMMC carried shareholder loans which were assumed by the Company and
were satisfied through a million share stock subscription by the holder of the
shareholde loans and then the exchange of that 1 million shares outstanding in
Mercard Credit Services, Inc., formerly another subsidiary of the Company, and,

WHEREAS:  this Company will pursue the development of luxury residences in
Ocean Ridge and other real estate interests and hereby declares the spinoff of
GMMC through a 1 for 10 stock dividend to the present shareholder of this
Company; the holders as of June 30, 2000 will receive 1 new common share of
GMMC for each 10 common shares held, and

WHEREAS:  GMMC will retain title to the (2) triplex lots in Delray, subject to
a $25,ooo mortgage, plus accrued interest and taxes, and,

NOW THEREFORE BE IT RESOLVED that the Company is authorized to execute all
documents necessary to complete the spinoff of GMMC for the common stock
dividend of 1 new common share of GMMC for each 5 held as of June 30, 2000
and return the 1 million share certificate to the contributing Stockholder.

June 24, 2000

Green Machine Development, Corp.

/S/
June-Ann Fox, President/Director





SIGNATURES

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


Green Machine Development, Corp.
(Registrant)

                                         /S/
May 22, 2000                             June-Ann Fox
                                         Chief Executive Officer

                                         /S/
May 22, 2000                             James T. Martin
                                         Chief Financial Officer
24

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