SECURITIES AND EXCHANGE COMMISSION
               WASHINGTON, DC  20549


                    FORM 10-QSB

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

   For the quarterly period ended January 31, 2001

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to


         Commission file number 2-98997-NY


          NOVA INTERNATIONAL FILMS, INC.
(Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                           11-2717273
(State or other jurisdiction                 (I.R.S. Employer
of incorporation or                            Identification
organization)                                         Number)

              6350 N.E. Campus Drive
           Vancouver, Washington  98661
     (Address of Principal Executive Offices)

                  (360) 737-7700
 (Issuer's Telephone Number, including Area Code)

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.

         Yes    X              No

State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date:

  Common, $.00001 par value per share: 96,583,000
          outstanding as of March 1, 2001

<PAGE>


PART I  -  FINANCIAL INFORMATION


Item 1.   Financial Statements


NOVA INTERNATIONAL FILMS, INC.

Index to Financial Information

Period Ended January 31, 2001



          Item
                                              Page

          Item 1 -  Financial Statements

          Balance Sheets                       3

          Statements of Operations             4

          Statements of Cash Flows             5

          Notes to Financial Statements        6-7

          Item 2 -  Management's Discussion
                    and Analysis or Plan
                    of Operation               8

<PAGE>


NOVA INTERNATIONAL FILMS, INC.
BALANCE SHEETS
(Unaudited)


                                JANUARY 31,  OCTOBER 31,
                                2001         2000

ASSETS

Cash                             $1,944     $1,247

  Total assets                   $1,944     $1,247


LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:

Accounts payable and
accrued expenses                 $1,800     $1,800

Short term loan                  12,124     10,624

  Total liabilities             $13,924    $12,424

COMMITMENTS AND CONTINGENCIES       -          -

STOCKHOLDERS' EQUITY:

Common Stock, $.00001 par value;
100,000,000 shares authorized,
96,583,000 shares issued
and outstanding, respectively.  $   966     $  966
Additional paid-in capital    8,197,260  8,197,260
Accumulated deficit          -8,210,206 -8,209,403

  Total stockholders' equity   $-11,980   $-11,177

  Total liabilities
  and stockholders' equity       $1,944     $1,247


The accompanying notes are an integral part of these statements.


<PAGE>


NOVA INTERNATIONAL FILMS, INC.
STATEMENTS OF OPERATIONS
(Unaudited)



                               For the         For the
                               Quarter Ended   Quarter Ended
                               Jan. 31, 2001   Jan. 31, 2000


REVENUES:
 Interest                       $       3     $         2

COSTS AND EXPENSES:
 General and administrative           806           2,822

(LOSS) BEFORE
PROVISION FOR INCOME TAXES      $    -803     $    -2,820

PROVISION FOR INCOME TAXES             -               -

NET INCOME (LOSS)               $    -803     $    -2,820

Net income (loss) per share     $ -.00001     $   -.00004

Average no. of
shares outstanding              92,826,982     77,720,363


The accompanying notes are an integral part of these statements.

<PAGE>




NOVA INTERNATIONAL FILMS, INC.
STATEMENTS OF CASH FLOWS
INCREASE (DECREASE) IN CASH




                            For the         For the
                         Quarter Ended   Quarter Ended
                         Jan. 31, 2001   Jan. 31, 2000

Cash flows from
operating activities:
  Net loss                     $-803     $-2,820

  Net cash (used)
  by operating activities      $-803     $-2,820

Cash flows from
investing activities:
  Short term loan             $1,500      $3,200

   Net cash provided by
   investing activities       $1,500      $3,200

  Net increase (decrease)
  in cash                    $   697      $  380

  Cash at beginning
  of period                    1,247       1,063

  Cash at end of period       $1,944      $1,443


The accompanying notes are an integral part of these statements.

<PAGE>

NOVA INTERNATIONAL FILMS, INC.
NOTES TO FINANCIAL STATEMENTS
JANUARY 31, 2001

1) Nature of Business and Organization

Nova International Films, Inc. (the Company) was incorporated
on November 27, 1984 in the State of Delaware.  The Company was
formed for the purpose of financing and producing motion
pictures for distribution in the theatrical, home video and pay
and free television markets throughout the world.

a.  Issuance of Common Stock

On January 2, 1986, the Company completed a public offering,
whereby ten million (10,000,000) units were sold at $.10 per
unit, each unit consisting of one (1) share of Common Stock,
$.00001 par value, and one (1) Redeemable Common Stock Purchase
Warrant. These warrants have now lapsed.

b.  Disposition of Assets

On May 12, 1993 (the "Closing"), the stockholders of the
Company approved an Acquisition Agreement dated March 3, 1993
(the "Acquisition Agreement") by and between the Company and
Epic Productions, Inc. ("Epic"), pursuant to which the Company
sold, assigned, transferred and conveyed to Epic and Epic
acquired from the Company (i) all of the issued and outstanding
shares of capital stock of each of Byzantine Fire, Inc. a
California corporation, Wings of the Apache, Inc., a
California corporation, and A/R Productions, Ltd., a California
corporation (collectively, the "Subsidiary Corporations"); (ii)
all rights to the completed films "Triumph of the Spirit",
"Firebirds" and "Why Me?", (sometimes collectively herein the
"Completed Films"); and (iii) the Company's rights related to
the film project "Carlito's Way" and Jean Claude Van Damme.  In
exchange therefor, Epic assumed all debts and liabilities of
the Company with respect to the assets acquired, paid
the Company the sum of $50,000, acquired the Bank Loan from the
Bank as described in Note #4 "Debt" and modified the loan
arrangements thereafter plus other indebtedness due Epic from
the Company.


2)  Summary of Significant Accounting Policies

a.  Financial Statement Presentation

In accordance with the provisions of Statement of Financial
Accounting Standards No. 53, the Company has elected to present
an unclassified balance sheet.

b.  Per Share Amounts

Per share amounts are based on the weighted average number of
shares outstanding during the period.

<PAGE>

NOVA INTERNATIONAL FILMS, INC.
NOTES TO FINANCIAL STATEMENTS
January 31, 2001


3)  Short term loan

An officer of the Company made a short term loan to the Company
in order to allow the Company to meet certain working capital
needs.  Such loan is without interest and payable on demand.

4)  Debt

In connection with the financing of the film "Triumph of the
Spirit", the Company was unable to pay Credit Lyonnais Bank
Nederland N.V. (the "Bank") the note payable (the "Bank Loan")
incurred to finance such film at its original maturity date of
March 31, 1991.  The Company was able to negotiate an extension
of the maturity date of this note until September 30, 1991, but
thereupon the Company became in default of its obligation.

Upon the Closing of the Acquisition Agreement, Epic acquired
the Bank Loan from the Bank and modified the payment terms of
the Bank Loan assigned to it and other indebtedness of the
Company to Epic.  In October 1993, Epic assigned and
contributed to the capital of the Company all of such
indebtedness of the Company to Epic plus accrued and unpaid
interest.  In addition, at the Closing, $3 million of
indebtedness (plus interest thereon) under the Bank Loan was
not acquired by Epic, pursuant to which the Bank,
Epic and the Company agreed that such portion of the Bank Loan
(The "Nonrecourse Obligations") be payable interest and then
principal only from operating receipts from "Triumph of the
Spirit" which was acquired by Epic pursuant to the Acquisition
Agreement.

As of November 30, 1995, Nova assigned to Epic and Epic assumed
the remaining $3 million Nonrecourse Obligations plus interest
thereon.

5)  Liquidity and Capital Resources

At the current time, the Company's sole means to pay for its
overhead operations is its existing cash in the total amount of
$1,944. as of January 31, 2001.  Accordingly, the Company has
significantly reduced its overhead.  The Company has no current
business operations and is in the process of seeking a business
opportunity.  As of the date of this report, the Company has no
agreement, understanding or arrangement to acquire or
participate in any specific business opportunity.  No assurance
can be given that the Company will be able to consummate
any such arrangements or, if consummated, that such business
opportunity will be successful.  Management has indicated that
for the foreseeable future it will cover those costs necessary
to retain the Company's corporate charter, file necessary tax
returns, report to the Securities and Exchange Commission, and
cover certain expenses in seeking business opportunities.



<PAGE>



Item 2.  Management's Discussion and Analysis or Plan of Operation.


     The following discussion should be read in conjunction with the
Financial Statements and Notes thereto and is qualified in its entirety
by the foregoing.

     The Company had no revenues from operations for the three
months ended January 31, 2001 and for the three months ended January
31, 2000.  During the three months ended January 31, 2001, the Company
had a net loss of  $(803) as compared to a net loss of $(2,820) during
the three months ended January 31, 2000.
     On January 31, 2001, the Company had a working capital deficit
and stockholders' deficit of  $(11,980),  $1,944 in cash, total assets
of $1,944 and total liabilities of $13,924. The working capital deficit
and stockholders' deficit is principally due to short term loans made
by the President of the Company in order to allow the Company to meet
certain working capital needs.

     At the current time, the Company's sole means to pay for its
overhead operations is its existing cash in the total amount of $1,944
as of January 31, 2001.  Accordingly, the Company has significantly
reduced its overhead.  In connection therewith, the Company does not
pay any officer salaries and rent.  Its costs primarily include only
those costs necessary to retain its corporate charter, file necessary
tax returns and report to the Securities and Exchange Commission, and
certain expenses in seeking business opportunities.  Management has
indicated that for the foreseeable future it will cover those costs
necessary to retain the Company's corporate charter, file necessary tax
returns, report to the Securities and Exchange Commission, and cover
certain expenses in seeking business opportunities

     In addition, as a result of the closing of the Acquisition
Agreement (see Notes to the Financial Statements included elsewhere
herein), the Company has no current business operations and is in the
process of seeking a business opportunity.  No assurance can be given
that the Company will be able to consummate any such arrangements or,
if consummated, that such business opportunity will be successful.

<PAGE>


PART II  -  OTHER INFORMATION

Item 1.   Legal Proceedings.

          None.

Item 2.   Changes in Securities.

          None.

Item 3.   Defaults Upon Senior Securities.

          None.

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

          None.

Item 5.   Other Information.

          None.

Item 6.    Exhibits and Reports on Form 8-K.

          (a) Exhibits.

          There are no exhibits applicable to this Form 10-QSB.

          (b) Reports on Form 8-K.

                  Listed below are reports on Form 8-K filed during the
          quarter for which this report is filed:

          None.

<PAGE>

                         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.



                                  NOVA INTERNATIONAL FILMS, INC.
                                  (Registrant)



Dated:    March 15, 2001           By:  /s/ William Rifkin
                                   William Rifkin,
                                   Chairman of the Board
                                   (Principal Executive Officer)



Dated:    March 15, 2001           By:  /s/ William Rifkin
                                   William Rifkin, Principal
                                   Financial Officer