FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                             ----------------------

             Quarterly Report Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                  For the Quarterly Period Ended March 31, 2002

                         Commission File Number 0-20642

                        AMERICAN CONSOLIDATED MINING CO.
                -------------------------------------------------
             (Exact name of registrant as specified in its charter)


              Utah                                        87-0375093
---------------------------------            -----------------------------------
 (State or other jurisdiction of              (IRS Employer Identification No.)
 incorporation or organization)


              70 West Canyon Crest Rd., Suite D, Alpine, Utah 84004
             ------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (801) 756-1414
                -------------------------------------------------
              (Registrant's telephone number, including area code)

         Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the preceding 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


         State the number of shares outstanding of each of the issuer's classes
of common equity, as of March 31, 2002: 69,998,900.

<PAGE>
<TABLE>
<CAPTION>
                         PART I -- FINANCIAL INFORMATION

Item 1.  Financial Statements.

                        AMERICAN CONSOLIDATED MINING CO.
                                  BALANCE SHEET
                                   (Unaudited)


                                                                                     March 31,
         Assets                                                                        2002
                                                                                 ------------------
<S>                                                                              <C>
Current assets:
   Cash                                                                          $             68
   Marketable securities                                                                   57,794
                                                                                 ------------------

     Total current assets                                                                  57,862

Property and equipment:
     Net property and equipment                                                             2,000

Other assets                                                                               10,522
                                                                                 ------------------
                                                                                 $         70,384
                                                                                 ==================



              Liabilities and Shareholder's Deficit

Current liabilities:
   Accounts payable and accrued expenses                                         $        555,540
   Notes payable                                                                          165,021
   Related party payables                                                               1,906,561
                                                                                 ------------------

     Total current liabilities                                                          2,627,122
                                                                                 ------------------


Commitments and contingencies                                                                   -

Stockholder's deficit:
   Common stock, $.01 par value; 70,000,000 shares authorized,
      69,998,900 shares outstanding, respectively                                         699,990
   Additional paid-in capital                                                           7,323,739
   Accumulated other comprehensive income                                                  51,122
   Accumulated deficit                                                                (10,631,589)
                                                                                 ------------------

     Total stockholders' deficit                                                       (2,556,738)
                                                                                 ------------------

                                                                                 $         70,384
                                                                                 ==================
</TABLE>

            See accompanying notes to condensed financial statements.

                                       2
<PAGE>
<TABLE>
<CAPTION>
                                AMERICAN CONSOLIDATED MINING CO.
                                    STATEMENTS OF OPERATIONS
                                           (Unaudited)



                                                                       Three Months Ended
                                                              -------------------------------------
                                                                 March 31,            March 31,
                                                                    2002                2001
                                                              -----------------    ----------------
<S>                                                           <C>                  <C>
Revenue:
   Sales                                                      $             -      $            -

   General and administrative expenses                                 33,491               4,679
                                                              -----------------    ----------------

     Loss from operations                                             (33,491)             (4,679)


Other income (expense):
   Interest and other income                                              156                 120
   Interest expense                                                    (3,206)             (2,807)
                                                              -----------------    ----------------

Loss before provision for income taxes                                (36,541)             (7,366)

Provision for income taxes                                                  -                   -
                                                              -----------------    ----------------

Net loss                                                      $       (36,541)     $       (7,366)
                                                              =================    ================

Loss per share, basic and diluted                             $          (.00)     $         (.00)
                                                              =================    ================
Weighted average shares - basic and diluted
                                                                   69,999,000          69,999,000
                                                              =================    ================
</TABLE>

            See accompanying notes to condensed financial statements.

                                       3
<PAGE>
<TABLE>
<CAPTION>
                                AMERICAN CONSOLIDATED MINING CO.
                                    STATEMENTS OF CASH FLOWS
                                           (Unaudited)

                                                                                      Three Months Ended
                                                                          -----------------------------------------
                                                                               March 31,               March 31,
                                                                                 2002                    2001
                                                                          ------------------      -----------------
<S>                                                                       <C>                     <C>
Cash flows from operating activities:
   Net loss                                                               $          (36,541)     $          (7,366)
   Adjustments to reconcile net loss to net cash provided by (used
    in) operating activities:
     Depreciation and amortization                                                         -                      -
     Notes payable issued for services                                                21,612                      -
     (Increase) decrease in:
       Other assets                                                                        -                    (22)
     Increase (decrease) in:
       Accounts payable and accrued expenses                                           9,515                  2,894
       Related party payables                                                          4,500                  4,500
                                                                          ------------------      -----------------

          Net cash provided by (used in)
          Operating activities                                                          (914)                     6
                                                                          ------------------      -----------------

Cash flows from investing activities:                                                      -                      -

Cash flows from financing activities:                                                      -                      -

Net (decrease) increase in cash                                                         (914)                     6

Cash, beginning of period                                                                982                      4
                                                                          ------------------      -----------------

Cash, end of the period                                                   $               68      $              10
                                                                          ==================      =================
</TABLE>

            See accompanying notes to condensed financial statements.

                                       4
<PAGE>

                        AMERICAN CONSOLIDATED MINING CO.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

(1) Condensed Financial Statements

         The accompanying condensed consolidated financial statements have been
prepared without audit. In the opinion of management, all adjustments
(consisting only of normal recurring adjustments) necessary to present fairly
the financial position, results of operations and cash flows as of the dates and
for the periods presented herein have been made.

         Certain information and footnote disclosures normally included in
financial statements prepared in accordance with accounting principles generally
accepted in the United States have been condensed or omitted pursuant to the
Securities and Exchange Commission's rules and regulations. These condensed
financial statements should be read in conjunction with the consolidated
financial statements and notes thereto included in the Company's December 31,
2001 Annual Report on Form 10-KSB. The results of operations for the three
months ended March 31, 2002, are not necessarily indicative of the operating
results that may result for the year ending December 31, 2002. The accounting
policies followed by the Company are set forth in Note 1 to the Company's
financial statements in its December 31, 2001 Annual Report on Form 10-KSB.

(2) Basic and Diluted Net Loss Per Common Share

         As a result of the Company incurring net losses for the three months
ended March 31, 2002 and 2001, both basic and diluted net loss per common share
are based on the weighted average number of common shares outstanding. The
Company has common no stock options or warrants outstanding at March 31, 2002.

(3) Going Concern

         At March 31, 2002, the Company has a working capital deficiency, a
shareholders' deficit, incurred a loss for the period ended March 31, 2002 and
2001, and has significant liabilities. These conditions raise substantial doubt
about the ability of the Company to continue as a going concern. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.

         The Company's ability to continue as a going concern is subject to its
ability to settle its liabilities and obtain sufficient cash to fund the
expenses related to the ongoing public reporting obligations and continued
search for a merger partner. The Company has entered into an agreement and plan
of share exchange with another company. In relation to this transaction, the
Company has entered into various preliminary discussions with creditors to
provide for the settlement of liabilities through the issuance of common stock.
There can be no assurance that these discussions will result in final settlement
of outstanding obligations nor that the agreement and plan of share exchange
will be completed.

                                       5
<PAGE>

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

         The following discussion and analysis provides information which
management believes is relevant to an assessment and understanding of the
Company's consolidated results of operations and financial condition. The
discussion should be read in conjunction with the consolidated financial
statements and notes thereto.

Financial Position

         The Company had $68 in cash as of March 31, 2002 as compared to $982 at
December 31, 2001. Working capital (deficit) as of March 31, 2002 was to
($2,569,260) as compared to ($2,573,573) at December 31, 2001. The Company had
no revenues in the past two fiscal years or any interim period during the
current fiscal year. The Company had a stockholders' deficit of ($2,556,738) at
March 31, 2002 and a net loss of ($36,541) for the three months ended March 31,
2002.

Plan of Operation

         The Company has no business operations, and very limited assets or
capital resources. The Company's business plan is to seek one or more potential
business ventures that, in the opinion of management, may warrant involvement by
the Company. The Company recognizes that because of its limited financial,
managerial and other resources, the type of suitable potential business ventures
which may be available to it will be extremely limited. The Company's principal
business objective will be to seek long-term growth potential in the business
venture in which it participates rather than to seek immediate, short-term
earnings. In seeking to attain the Company's business objective, it will not
restrict its search to any particular business or industry, but may participate
in business ventures of essentially any kind or nature. It is emphasized that
the business objectives discussed are extremely general and are not intended to
be restrictive upon the discretion of management.

         The Company will not restrict its search for any specific kind of
firms, but may participate in a venture in its preliminary or development stage,
may participate in a business that is already in operation or in a business in
various stages of its corporate existence. It is impossible to predict at this
stage the status of any venture in which the Company may participate, in that
the venture may need additional capital, may merely desire to have its shares
publicly traded, or may seek other perceived advantages which the Company may
offer. In some instances, the business endeavors may involve the acquisition of
or merger with a corporation which does not need substantial additional cash but
which desires to establish a public trading market for its common stock.

         In July 2001, the Company entered into an Agreement and Plan of Share
Exchange (the "Share Exchange Agreement") with Renaissance Man, Inc., a Texas
corporation ("RMI"). Under the Share Exchange Agreement all of the issued and
outstanding shares of RMI stock would be transferred to the Company in exchange
for shares of the Company's common stock. In the event the Share Exchange
Agreement is closed, the stockholders of RMI will own approximately 87% of the
issued and outstanding shares of the Company immediately after the closing. The
Share Exchange Agreement is subject to a number of contingencies, including, but
not limited to, (i) the Company effecting a 100 to 1 reverse stock split prior
to the closing, (ii) the Company having no more than 1,500,000 shares of common
stock outstanding at the closing date, (iii) the Company having no more than
$10,000 in liabilities at the closing date, (iv) satisfactory completion of due
diligence by the parties and (v) resignation of all of the Company's officers
and directors at the closing and appointment of the designees named by RMI.
Messrs. Walker and Mappin, who are members of the Company's Board, also act as
directors of RMI. There can be no assurance that such contingencies will be
satisfied, that the Share Exchange Agreement will be closed, that RMI's business
operations will prove successful or that the transaction will prove to be
favorable for the shareholders of the Company.

         RMI is a marketing company that is in the development stage. As of
December 31, 2001, RMI had $3,706,168 in current liabilities, $4,766,168 in
total liabilities and $1,023,494 in total assets. RMI had $4,676 in sales and a
net loss of ($1,779,210) for the year ended December 31, 2001.

         In May 1998, the Company entered into a non-interest bearing Revolving
Loan Agreement with Clifton Mining Company. The Company owns less than one
percent of the outstanding shares of Clifton Mining Company. Under the terms of
the agreement, Clifton Mining Company agreed to make periodic loans to the
Company in an aggregate principal amount at any one time outstanding not to
exceed $250,000. As of March 31, 2002 the principal amount of $93,808 was owing
under the Revolving Loan Agreement. Clifton Mining Company may refuse to lend
additional amounts in its sole and absolute discretion under the Revolving Loan
Agreement. The amounts owing were due in a single balloon payment on May 6,
2002. The Company and Clifton Mining Company are discussing the possibility of
the Company transferring to Clifton Mining Company the eight patented mining

                                       6
<PAGE>

claims, subject to the related liabilities, that the Company currently owns that
are located in Tooele County, Clifton Mining District, Utah, on approximately
133 acres of property and other assets. In consideration therefore, Clifton
Mining Company would forgive the Company from all amounts owing to Clifton
Mining Company.

         The Company does not have sufficient funding to meet its short term
cash needs. Management has expressed an intent that to the extent necessary the
Company will seek to raise additional funds through the sale of equity
securities or by borrowing funds until a suitable business venture can be
completed. There are no arrangements in place whereby the Company could sell
equity securities or borrow funds. In addition, the Company has very little
authorized capital available from which it may sell equity securities. There is
no assurance that the Company will be able to successfully identify and/or
negotiate a suitable potential business venture or raise additional funds.

         The Company has a working capital deficiency, an accumulated deficit
and substantial liabilities. The Company has experienced net losses and does not
have revenues during the past two years. During the past two years the Company
has had no business operations. In light of these circumstances, the ability of
the Company to continue as a going concern is significantly in doubt. The
attached financial statements do not include any adjustments that might result
from the outcome of this uncertainty.

Forward-Looking Statements

         When used in this Form 10-QSB or other filings by the Company with the
Securities and Exchange Commission, in the Company's press releases or other
public or shareholder communications, or in oral statements made with the
approval of an authorized officer of the Company's executive officers, the words
or phrases "would be", "will allow", "intends to", "will likely result", "are
expected to", "will continue", "is anticipated", "estimate", "project", or
similar expressions are intended to identify "forward-looking statements."

         The Company cautions readers not to place undue reliance on any
forward-looking statements, which speak only as of the date made, and advises
readers that forward-looking statements involve various risks and uncertainties.
The Company does not undertake, and specifically disclaims any obligation to
update any forward-looking statements to reflect occurrences or unanticipated
events or circumstances after the date of such statement.

                                       7
<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 Vote of Securityholders.

         None

Item 5.  Other Information.

         None

                                       8
<PAGE>

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

         (a)      INDEX TO EXHIBITS

      EXHIBIT NO.                          DESCRIPTION OF EXHIBIT


         3(i).1         Articles of Incorporation of the Company, dated November
                        4, 1980 (Incorporated by reference to Exhibit 3(i).1 of
                        the Company's Annual Report on Form 10-KSB, dated
                        December 31, 2000)

         3(i).2         Articles of Amendment, dated November 24, 1980
                        (Incorporated by reference to Exhibit 3(i).2 of the
                        Company's Annual Report on Form 10-KSB, dated December
                        31, 2000)

         3(i).3         Articles of Amendment to the Articles of Incorporation,
                        dated July 31, 1986 (Incorporated by reference to
                        Exhibit 3(i).3 of the Company's Annual Report on Form
                        10-KSB, dated December 31, 2000)

         3(i).4         Amendment to the Articles of Incorporation, dated May
                        29, 1992 (Incorporated by reference to Exhibit 3(i).4 of
                        the Company's Annual Report on Form 10-KSB, dated
                        December 31, 2000)

         3(ii)          Bylaws of the Company (Incorporated by reference to
                        Exhibit 3(i) of the Company's Annual Report on Form
                        10-KSB, dated December 31, 2000)

         10.1           Agreement and Plan of Share Exchange Between American
                        Consolidated Mining Co. and Renaissance Man, Inc., dated
                        July 2001 (Incorporated by reference to Exhibit 10.1 of
                        the Company's Annual Report on Form 10-KSB, dated
                        December 31, 2000)

         10.2           Amendment No. 1 to the Agreement and Plan of Share
                        Exchange Between American Consolidated Mining Co. and
                        Renaissance Man, Inc., dated December 21, 2001
                        (Incorporated by reference to Exhibit 10.2 of the
                        Company's Quarterly Report on Form 10-QSB, dated March
                        31, 2001)

         10.3           Revolving Loan Agreement, by and between the Company and
                        Clifton Mining Company, dated May 6, 1998 (Incorporated
                        by reference to Exhibit 10.3 of the Company's Annual
                        Report on Form 10-KSB, dated December 31, 2000)

         (b)      Reports on Form 8-K:

         None.

                                       9
<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.

                                           AMERICAN CONSOLIDATED MINING CO.
                                           (Registrant)



Date: May 13, 2002                         By   /s/ William D. Moeller
                                              --------------------------------
                                              William D. Moeller
                                              Director; Chief Executive Officer





Date: May 13, 2002                         By   /s/ Scott S. Moeller
                                              -------------------------------
                                              Scott S. Moeller
                                              Principal Accounting Officer

                                       10