FORM 10-KSB
    SECURITIES AND EXCHANGE COMMISSION
          Washington, D.C. 20549
[X] 15,ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF
   THE SECURITIES EXCHANGE ACT OF 1934
    For the fiscal year ended: 6/30/03
                       OR
[ ]15,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:       000-27251

    JARRETT/FAVRE DRIVING ADVENTURE, INC.
     (Exact name of Small Business Issuer in its charter)



FLORIDA                         59-3564984
  (State or other jurisdiction of           (I.R.S. Employer
    incorporation or organization           Identification No.)

4279 Burnwood Trail
Denver, North Carolina                28037
 (Address of principal executive offices)            (Zip Code)

Registrant's Telephone number, including area code:  (888) 467-2231


Securities registered pursuant to Section 12(b) of the Act:       None
Securities registered pursuant to Section 12(g) of the Act:
   Common Stock, $.01 par value

Check whether the Corporation (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act during the
preceding 12 months (or such shorter period that the Corporation was
required to file such reports), and (2) has been subject to such filing
requirements for at least the past 90 days.
Yes    __x__          No  _____

Check if there is no 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 Corporation'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.
[  x  ]



<PAGE>2

The Corporation's revenues for its most recent fiscal year were
$1,296,958. As of June 30, 2003 the market value of the Corporation's
voting $.0l par value common stock held by non-affiliates of the
Corporation was $2,435,126

The number of shares outstanding of Corporation's only class of common
stock, as of June 30, 2003 was 17,243,912 shares of its $.01 par value
common stock. Check whether the Issuer has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Exchange
Act after the distribution of securities under a plan confirmed by a
court.
Yes  __x__    No _____

No documents are incorporated into the text by reference.

Transitional Small Business Disclosure Format (check one)
 Yes                No     x
     --------          --------



<PAGE>3
             PART I
ITEM 1.    BUSINESS

The Corporation was formed as a C corporation and incorporated November
24, 1998.  The Corporation is currently not involved with any
proceedings, bankruptcy or receiverships.

The Corporation is in the operational stage and offers entertainment
based oval driving schools and events.  These classes are conducted at
various racetracks throughout the country.

The Corporation completed its first driving classes in Rockingham, NC
July of 1999.  Since July 4th the Corporation has run classes at over
thirty NASCAR tracks.

The Corporation currently owns thirteen(13) race cars.  These race cars
are classified as stock cars and are equipped for oval or round tracks
only.   They are fully loaded with brand new Jasper 550hp engines,
five(5) point harnesses, communications, track specific gears and
complete safety cages.

The Corporation has negotiated terms with over thirty(20) racetracks
where, for a fee ranging from $0 to $10,000 a day we can rent their
tracks.

Products and Services.   The Corporation offers five(5) types of ride
or drive programs for individuals and corporations.  The "Qualifier" is
a three(3) lap ride with a professional driver which lasts about
five(5) minutes, depending on the length of the track.  The "Season
Opener" is a half day training class culminating in the student driving
for ten(10) laps.  The "Twin Ten" and "Happy Hour" are also half day
driving classes with the students driving twenty(20) or thirty(30) laps
respectively.  The "Advanced Stock Car Adventure" is a full day
fifty(50) lap class.

The operation is similar to that of a traveling show in that we
transport the stock cars, the mechanics, the sales staff and the
instructors from event to event.

The main purpose of each event is the thrill of actually driving the
race car.

The Corporation's objective is to utilize this first "hub" of
thirteen(13) race cars on the east coast to their full potential.  It
is in the Corporation's plans that once this first hub becomes utilized
at least fifteen(15) days per month and is profitable, to then add
another "hub" on the West Coast.  This would entail the purchase of
another ten(10) race cars and the support equipment necessary to
maintain them.

The Corporation has purchased thirteen(13) stock cars at an approximate
price of $50,000 per car.   Parts will be nominal due to the lack of
any sustained stress on the cars, approximately $10,000 per month per
site.  Staffing costs will be approximately $20,000 per month at each



<PAGE>4

active "hub".  The Corporation has an operating lease for a Miller
Tractor Trailer to haul the cars from track to track.  The transporting
of staff to the event and their food and lodging costs average $1000
per day.

The Corporation also offers a number of add-on sale items including
videos from its Adventure Cam located in the car (split screen
cameras), clothing and souvenirs.

The Corporation is currently developing its logos and marketing
materials and will commence the trademarking process for its name and
various products and services.

Marketing.   The Corporation offers its products and services at
various tracks throughout the country.   The Corporation shall employ a
marketing manager.  These individuals will primarily be responsible
with closing the prospects created through promotion.   These services
will be sold as corporate outings and directly to the public through
various marketing and advertising mediums such as television, radio,
billboard, newspaper, direct mail and on-site marketing.

Promotional and Licensing Agreements.   In December 1998, the
Corporation entered into promotional and licensing agreements with Dale
Jarrett, Ned Jarrett, Glenn Jarrett, Jason Jarrett and Brett Favre
(individually, the "Licensor") whereby these individuals have granted
the Corporation the use of their names and likeliness in advertising,
products and promotional materials, as well as an agreed upon number of
appearances per year and an agreed upon number of radio and/or
television commercials as set out in each agreement.   Ned Jarrett is
the father of Dale Jarrett and Glenn Jarrett.   Dale Jarrett is the
father of Jason Jarrett.

Pursuant to these agreements, the Corporation has issued an aggregate
of 5,500,000 Common Shares of the Corporation.  The term of each
agreement is Ten (10) years unless sooner terminated by the occurrence
of any of the following:

(a)  a material breach by the Corporation of the agreement which breach
has not been satisfied within thirty (30) days of receipt of written
notice from the Licensor;

(b)  upon receipt of written notice from the Licensor if, as a result
of (i) any act or omission of the Corporation, (ii) any claim or charge
against the Corporation or (iii) any other occurrence or circumstances
involving the Corporation, the continued association of Licensor with
the Corporation would be detrimental to the value of the Licensed
Material or to Licensor's image or reputation;

(c)  the failure of the Corporation to continually operate and manage
the business according to the policies, practices and standards agreed
to by the parties;

(d)  the failure of the Corporation to raise the $100,000 in investment
capital; and

<PAGE>5

(e)  the failure of the Corporation to comply with any laws and
regulations, the consequences of which are material adverse to the
Corporation.

During the term of the agreements, the Licensor agrees not to directly
or indirectly (whether for compensation or otherwise), provide
promotional appearances or services to any business which competes with
the Corporation's business of owning and managing driving schools.

The Corporation has also agreed not to issue any additional common
shares in the Corporation's stock to insiders, directors without the
Licensor's approval.   Additionally, any and all future financings will
be offered to the Licensor prior to outside fullment.   There will be
no issuance of preferred shares and/or warrants to insiders of the
Corporation for at least five (5) years from November 24, 1998.

Competition.  The driving schools industry is currently experiencing a
limited degree of competition with regard to availability, price,
service, quality and location.  There are own well-established market
leader (Richard Petty Driving Experience) that is nationally recognized
and which possess substantially greater financial, marketing personnel
and other resources than the Corporation.    There are also a small
number of local or regional schools.  Virtual reality driving
experiences are also becoming more and more realistic and therefore a
growing competitor.   It is also likely that other competitors will
emerge in the near future.   There is no assurance that the Corporation
will compete successfully with other established driving schools.   The
Corporation shall compete on the basis of availability, price, service,
quality and location.  Inability to compete successfully might result
in increased costs, reduced yields and additional risks to the
investors herein.

Employees.   The Corporation employs seven full time employees
responsible for securing the Driving Adventure locations, procurement
of equipment, racecars, and the development and implementation of the
Corporation's marketing plan.    Each active location has up to 20
employees including but not limited to a mechanic, four to ten driving
instructors, two administrators, a flagman and a site manager.

Additional employees and/or independent contractors will be obtained as
required.

Seasonal Nature of Business Activities.   The Corporation's operations
have shown to be seasonal partly because some track locations may only
operate on certain days or certain times of the year.  Primarily, this
is due to the weather.  It is the Corporation's plans to run more
tracks in the south during the winter.  The Corporation expects a
steady revenue stream throughout the year.

Government Regulation.    The Corporation does not currently need any
government approval of our services.  The Corporation is not aware of
any existing or probable governmental regulations on our business or
industry.  The Corporation is required to maintain a minimum of five



<PAGE>6

million dollars($5,000,000) of liability insurance, worker's
compensation and property and casualty insurance. Currently the
Corporation has one hundred million dollars ($100,000,000) of
liability.

ITEM 2.  PROPERTIES.

The Corporation's executive offices are located at 4279 Burnwood Trail,
Denver, NC 28037.  This location has 10,000 square feet and is leased
on a month to month basis for $2,000 per month.

ITEM 3.    LEGAL PROCEEDINGS.

The Corporation is not involved in any legal proceedings at this date.

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

During the fourth quarter of the fiscal year ended June 30, 2002, no
matters were submitted to a vote of Dale Jarrett Racing Adventure, Inc.
security holders, through the solicitation of proxies.





<PAGE>7
                  PART II

ITEM 5.    MARKET FOR CORPORATION'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS

Market Information.    The Corporation began trading publicly on the
NASD Over the Counter Bulletin Board on June 22, 2000.

The following table sets forth the range of high and low bid quotations
for the Corporation's common stock as reported on the NASD Bulletin
Board, by Wienstock Securities, Paragon Securities, Sharpe Capital,
Herzog Securities, Nite Securities, Mayer Shweitzer, GVR Capital, Fleet
Securities and Program.    The quotations represent inter-dealer prices
without retail markup, markdown or commission, and may not necessarily
represent actual transactions.
<TABLE>
<CAPTION>
        Quarter  Ended                 High Bid             Low Bid
              
                        <c>                  <c>
             9/30/00                     1.125                1.75
            12/31/00                      .696                1.25
             3/31/01                     .9375               .8125
             6/30/01                     .9063               .9063
             9/30/01                     .50                   .35
            12/31/01                     .27                   .15
             3/31/02                     .25                   .10
             6/30/02                     .10                   .10
             9/30/02                     .25                   .25
            12/31/02                     .25                   .25
             3/31/03                     .35                   .35
             6/30/03                     .45                   .45
</TABLE>

The Corporation has never paid any cash dividends nor does it intend,
at this time, to make any cash distributions to its shareholders as
dividends in the near future.

As of September 30, 2003, the number of holders of Corporation's common
stock is 244.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

Trends and Uncertainties.  Demand for the Corporation's products are
dependent on, among other things, general economic conditions which are
cyclical in nature.  Inasmuch as a major portion of the Corporation's
activities are the receipt of revenues from its driving school services
and products, the Corporation's business operations may be adversely
affected by the Corporation's competitors and prolonged recessionary
periods.

There are no known trends, events or uncertainties that have or are
reasonably likely to have a material impact on the corporation's short
term or long term liquidity.  Sources of liquidity both internal and
external will come from the sale of the corporation's products as well
as the private sale of the Corporation's stock.  There are no material

<PAGE>8

commitments for capital expenditure at this time.  There are no trends,
events or uncertainties that have had or are reasonably expected to
have a material impact on the net sales or revenues or income from
continuing operations.  There are no significant elements of income or
loss that do not arise from the Corporation's continuing operations.
There are no known causes for any material changes from period to
period in one or more line items of the corporation's financial
statements.

The Corporation currently has classes planned through December 2004.

Capital and Source of Liquidity.   The Corporation currently has no
material commitments for capital expenditures.  The Corporation has no
plans for future capital expenditures such as additional race cars at
this time.

The Corporation anticipates in addition to revenues to raise additional
capital to conduct operations during the next twelve(12) months.  The
corporation intends to raise the necessary capital through the private
sale of stock.  The Corporation believes that there will be sufficient
capital from revenues and the private sale of stock to conduct
operations for the next twelve(12) months.

Presently, the Corporation's revenue comprises eighty(80) percent of
the total cash necessary to conduct operations.  The remaining
twenty(20) percent of the cash necessary to conduct operations will
come from the private sale of stock.  Future revenues from classes and
events will determine the amount of offering proceeds necessary to
continue operations.

The board of directors has no immediate offering plans in place.  The
board of directors shall determine the amount and type of offering as
the Corporation's financial situation dictates.

For the year ended June 30, 2003, the Corporation acquired plant and
equipment of $2,761 resulting in net cash used in investing activities
of $2,761

For the year ended June 30, 2002, the Corporation acquired plant and
equipment of $17,116 resulting in net cash used in investing activities
of $17,116.

For the year ended June 30, 2003, the Corporation repaid an officer
advance of $15,000 and repaid long-term debt of $21,602.  As a result,
the Corporation had net cash used in financing activities of $36,602
for the year ended June 30, 2003.

For the year ended June 30, 2002, the Corporation sold or subscribed
common stock for cash of $100,000.   For the year ended June 30, 2002,
the Corporation received proceeds from officer advances of $150,000.
The Corporation repaid $25,680 of long-term debt.   The Corporation
received proceeds from notes payable of $102,500 and repaid long-term
debt of $18,563.   As a result, the Corporation had net cash provided
by financing activities of $308,257.

<PAGE>9

During the year ended June 30, 2003, the Corporation authorized the
issuance of an aggregate of 276,000 shares of its common stock to four
unrelated individuals or entities for services rendered to the
Corporation during the year.  Aggregate expense related to the shares
issued for services amounted to $40,200 and was based upon the trading
value of the Corporation's common stock at the date the shares were
authorized by the Corporation's Board of Directors.  Additionally, the
Corporation issued 200,000 shares of its common stock to an individual
for the purchase of a race vehicle valued at $20,000.  The trading price
of the Corporation's common stock at the date of the purchase was $.14
per share.

The Corporation has an aggregate of 200,000 options to purchase common
stock at $1.00 per share and 200,000 options to purchase common stock at
$2.00 per share outstanding at June 30, 2002.  No options were exercised
during the years ended June 30, 2003 and 2002.

On June 2, 2003, the Corporation's Board of Directors approved the
exchange of all or a portion of the indebtedness to its officers and
directors and a consultant for restricted common stock at an exchange
price of $.14 per share.  There was no difference between the exchange
price of these options and the fair value of the stock and no debt was
converted as of June 30, 2003. The aggregate amount of debt subject to
exchange was $575,374 at June 30, 2003. If all of the debt as of June 30,
2003 were converted, the Corporation would be required to issue an
additional 4,109,814 shares.

On a long term basis, liquidity is dependent on continuation of
operation and receipt of revenues.

Results of Operations.    For the year ended June 30, 2003, the
Corporation had sales of $1,296,958 with cost of sales of $669,597 for
a gross profit of $627,361.

For the year ended June 30, 2003, the Corporation had general and
administrative expenses of 994,478.   These expenses consisted of
salaries, wages and benefits of $347,682, marketing costs of 151,435,
garage operations of $109,022, rent and utilities of $54,400,
profession fees of $36,602, depreciation of $130,582, amortization of
service contracts of $102,778 and other expenses of $61,977.   These
expenses increased over expenses for 2002 due to increased operations.

For the year ended June 30, 2002, the Corporation had sales of $662,559
with cost of sales of $440,078 for a gross profit of $222,481.

For the year ended June 30, 2002, the Corporation had general and
administrative expenses of $745,335.  These expenses consisted of
advertising expense of $28,291, amortization of service contracts of
$94,107, compensation of officers of $54,249, consulting expenses of
$35,411, depreciation of $127,077, professional fees of $9,939, rent of
$44,887, salaries and wages of $169,100, telephone expense of $17,325,
travel expenses of $4,198 and other expenses of $140,535.

The Corporation shall focus on limiting its administrative costs.

<PAGE>10

Plan of Operation.  The Corporation may experience problems; delays,
expenses and difficulties sometimes encountered by an enterprise in the
Corporation's stage, many of which are beyond the Corporation's
control.  These include, but are not limited to, unanticipated problems
relating to additional costs and expenses that may exceed current
estimates and competition.

The Corporation is not delinquent in any of its obligations even though
the Corporation has generated limited operating revenues.  The
Corporation intends to market its products and services utilizing cash
made available from the private sale of its securities and operations.
The Corporation's management is of the opinion that the proceeds of the
sales of its securities and future revenues will be sufficient to pay
its expenses for the next twelve months.

Controls and Procedures.   The Chief Executive Officer and the Chief
Financial Officer of the Corporation have made an evaluation of the
disclosure controls and procedures relating to the annual report on
Form 10KSB for the year ended June 30, 2003 as filed with the
Securities and Exchange Commission and have judged such controls and
procedures to be effective as of September 30, 2003 (the evaluation
date).

There have not been any significant changes in the internal controls of
the Corporation or other factors that could significantly affect
internal controls relating to the Corporation since the evaluation
date.


ITEM 7. FINANCIAL STATEMENTS AND
        SUPPLEMENTARY DATA

Financial Statements

The response to this item is being submitted as a separate section of
this report beginning on page 20.

ITEM 8.    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE

There have not been any changes in or disagreements with accountants on
accounting and financial disclosure.



<PAGE>11
             PART III

ITEM 9.    DIRECTORS AND EXECUTIVE OFFICERS OF THE CORPORATION

Board of Directors.  The following persons listed below have been
retained to provide services as director until the qualification and
election of his successor.  All holders of Common Stock will have the
right to vote for Directors of the Corporation.  The Board of Directors
has primary responsibility for adopting and reviewing implementation of
the business plan of the Corporation, supervising the development
business plan, review of the officers' performance of specific business
functions.  The Board is responsible for monitoring management, and
from time to time, to revise the strategic and operational plans of the
Corporation.    Directors receive no cash compensation or fees for
their services rendered in such capacity.

Mr. Shannon is a full time employee of the Corporation.

The Executive Officers and Directors are:
<TABLE>
<CAPTION>
Name                                Position                      Term(s) of Office

                                   <c>                                <c>
Timothy B. Shannon, age 41        President, Director            Inception to Present
                               Chief Executive Officer
                               Chief Financial Officer              June 13, 2002
    to present

Brian C. Rosenbloom, age 42        Director                      Inception to Present


Glenn Jarrett, age 52          Chief Operating Officer           Inception to Present
                                      Director
</TABLE>

Resumes:

Timothy B. Shannon.   Mr. Shannon has been President, Director and
Chief Executive Officer of the Corporation since its inception.
Previously, Mr. Shannon has been employed in the investors relations
industry and currently serves as Vice President and a principal of
Shannon/Rosenbloom Marketing, an Orlando, Florida investor relations
firm.   From 1992 to 1994, Mr. Shannon was an investment advisor with
Great Western Financial Securities and Hearn Financial, a Corporation
that he co-founded.   Mr. Shannon spent six years as a systems engineer
and marketing representative with IBM after graduating in 1983 from the
University of South Florida with a degree in Computer Science.

Brian C. Rosenbloom.   Mr. Rosenbloom was Secretary/Treasurer, Vice
President, Chief Financial Officer until his resignation on June 13,
2002 for personal reasons and has been a Director of the Corporation
since its inception.   Previously, Mr. Rosenbloom had been in the
investor relations industry and currently acts as President and a
principal of Insider Snapshot, an Orlando, Florida investor relations



<PAGE>12

firm.    Prior to that, Mr. Rosenbloom had been involved in the
investment and finance industry working in various capacities.  Mr.
Rosenbloom graduated from the University of Albany in 1982.

Glenn Jarrett.  Mr. Jarrett has been Chief Operating Officer and a
Director of the Corporation since its inception.  Mr. Jarrett works as
an auto racing announcer and consultant.  Mr. Jarrett has been a senior
motorsports announcer for TNN since 1991.  He is a motorsports
announcer (Pits) at contracted events and is the co-producer and co-
host of the "World of Racing" radio program on MRN radio which airs
weekdays.   Mr. Jarrett has an extensive background in auto racing.
He drove in the NASCAR Busch Series from 1982 to 1988 and ran a total
of eighteen (18) NASCAR Winston Cup Races from 1977 to 1983.   Mr.
Jarrett is the acting consultant and marketing coordinator for DAJ
Racing, Inc. and has been a guest speaker at many auto racing and
related functions.  Mr. Jarrett graduated from the University of North
Carolina in 1972 with a Bachelor of Science degree in Business
Administration.

Indemnification.  The Corporation shall indemnify to the fullest extent
permitted by, and in the manner permissible under the laws of the State
of Florida, any person made, or threatened to be made, a party to an
action or proceeding, whether criminal, civil, administrative or
investigative, by reason of the fact that he is or was a director or
officer of the Corporation, or served any other enterprise as director,
officer or employee at the request of the Corporation.  The Board of
Directors, in its discretion, shall have the power on behalf of the
Corporation to indemnify any person, other than a director or officer,
made a party to any action, suit or proceeding by reason of the fact
that he/she is or was an employee of the Corporation.

Insofar as indemnification for liabilities arising under the Act may be
permitted to directors, officers and controlling persons of the
Corporation, the Corporation has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by the Corporation of expenses incurred or paid
by a director, officer or controlling person of the Corporation in the
successful defense of any action, suit or proceedings) is asserted by
such director, officer, or controlling person in connection with any
securities being registered, the Corporation will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of
such issues.

INDEMNIFICATION OF OFFICERS OR PERSONS CONTROLLING THE CORPORATION FOR
LIABILITIES ARISING UNDER THE SECURITIES ACT OF 1933, IS HELD TO BE
AGAINST PUBLIC POLICY BY THE SECURITIES AND EXCHANGE COMMISSION AND IS
THEREFORE UNENFORCEABLE.



<PAGE>13

ITEM 10.   EXECUTIVE COMPENSATION

Since inception, the following cash compensation has been paid by the
Corporation to its officers and directors, during which there were
three (3) officers and three (3) directors.
<TABLE>
<CAPTION>
                                                                    Long Term Compensation
                       Annual Compensation                            Awards               Payouts
 (a)                    (b)     (c)            (d)      (e)      (f)     (g)      (h)            (i)
                                                       Other                                    All
Name                                                   Annual Restricted         LTIP           Other
and                                                    Compen-   Stock  Options/ Pay-          Compen-
Principal                       Salary        Bonus    sation    Awards  SARs    Outs          sation
Position                Year      ($)          ($)       ($)       ($)   ($)     ($)             ($)

                     <c>       <c>          <c>       <c>       <c>    <c>    <c>             <c>

Timothy B. Shannon
President
Chief Executive Officer  2001     $60,000
                         2002     $54,249
2003     $60,000
</TABLE>

 (1)The Corporation has entered into an agreement with Glenn Jarrett, a
director, under which he will receive the option to purchase 250,000
Common Shares of the Corporation at an option exercise price of $2.50
per Common Share.   The term of the option is ten years.


The Corporation retains the right to increase or decrease the cash
compensation of its employees as necessitated by business conditions.

The Corporation has not entered into Employment Agreements with its
officers.

Board of Directors Compensation.  Currently board members receive no
special compensation for meetings or time incurred.    Director
liability insurance may be provided to all members of the Board of
Directors.  No differentiation shall be made for any further
compensation of "outside directors" and those officers of the
Corporation serving in that capacity.

On June 2, 2003, the Corporation's Board of Directors approved the
exchange of all or a portion of the indebtedness to its officers and
directors and a consultant for restricted common stock at an exchange
price of $.14 per share.  There was no difference between the exchange
price of these options and the fair value of the stock and no debt was
converted as of June 30, 2003. The aggregate amount of debt subject to
exchange was $575,374 at June 30, 2003. If all of the debt as of June 30,
2003 were converted, the Corporation would be required to issue an
additional 4,109,814 shares.

Stock Option Plan.    The Corporation shall implement an employee stock
option program.   The specifics of the plan have yet to be determined.




<PAGE>14

ITEM 11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

The following tabulates holdings of shares of the Corporation by each
person who, subject to the above, at the date of this prospectus, holds
of record or is known by Management to own beneficially more than 5.0%
of the Common Shares and, in addition, by all directors and officers of
the Corporation individually and as a group.   Each named beneficial
owner has sole voting and investment power with respect to the shares
set forth opposite his name.

              Shareholdings at Date of
                   This Prospectus
<TABLE>
<CAPTION>
                                                      Percentage of
                            Number & Class(1)          Outstanding
Name and Address                  of Shares           Common Shares

   
                             <c>                    <c>
Timothy Shannon                  3,000,000                17.40%
3660 Maguire Blvd
Suite 101
Orland, Florida 32803

Brian Rosenbloom                 3,000,000                17.40%
3660 Maguire Blvd
Suite 101
Orland, Florida 32803

Dale Jarrett                     1,500,000                 8.70%
3182 9th Tee Drive
Newton, NC 28658

Brett Favre                      1,500,000                 8.70%
132 Westover Drive
Hattiesburg, MS 39402

Ned Jarrett                      1,000,000                  5.80%
3182 9th Tee Drive
Newton, NC 28658

Glenn Jarrett                    1,000,000                  5.80%
3182 9th Tee Drive
Newton, NC 28658

All Directors & Officers
as a group (3 persons)           7,000,000                40.59%
</TABLE>
(1)Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as
amended, beneficial ownership of a security consists of sole or shared
voting power (including the power to vote or direct the voting) and/or
sole or shared investment power (including the power to dispose or
direct the disposition) with respect to a security whether through a
contract, arrangement, understanding, relationship or otherwise.

<PAGE>15

Unless otherwise indicated, each person indicated above has sole power
to vote, or dispose or direct the disposition of all shares
beneficially owned, subject to applicable unity property laws.


ITEM 12.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

During the year ended June 30, 2002, certain the Corporation's officers
and directors advanced an aggregate of $150,000 in cash to the
Corporation and $25,680 of repayments were made.  The aggregate balance
of all advances amounted to $326,527 at June 30, 2002.  Certain of the
advances bore interest at 9% per year and interest of $29,899 was added
to the loan balances for the year ended June 30, 2002.

During the year ended June 30, 2003, an officer and director of the
Corporation sold three race vehicles to the Corporation for an aggregate
price of $64,000. The Corporation made $15,000 of cash repayments of
officer advances during the year ended June 30, 2003.  The aggregate
balance of all advances amounted to $406,973 at June 30, 2003.  Certain
of the advances bore interest at between 6% and 9% per year and interest
of $31,446 was added to the loan balances for the year ended June 30,
2003.  The advances are expected to be repaid currently.

At June 30, 2003, the Corporation had accrued salary for its officer
aggregating $197,500. The officer is due $60,000 per year in annual
salary.

ITEM 13.    EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON
FORM 8-K

     (A)    FINANCIAL STATEMENTS AND SCHEDULES

The following financial statements and schedules are filed as part of
this report:

Report of Independent Public Auditors..........
Balance Sheet..................................
Statement of Operations........................
Statement of Stockholder's Equity..............
Statement of Comprehensive Loss
Statement of Cash Flows........................
Notes to Financial Statements..................

Schedules Omitted:    All schedules other than those shown have been
omitted because they are not applicable, not required, or the required
information is shown in the financial  statements  or  notes  thereto.





<PAGE>16


INDEPENDENT AUDITOR'S REPORT



Board of Directors and Shareholders
Dale Jarrett Racing Adventure, Inc.


We have audited the balance sheet of Dale Jarrett Racing Adventure,
Inc. as of June 30, 2003, and the related statements of operations,
stockholders' equity and cash flows for years ended June 30, 2003 and
2002.  These financial statements are the responsibility of the
Corporation's management. Our responsibility is to express an opinion
on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally
accepted 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 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 audits provide 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 Dale Jarrett
Racing Adventure, Inc. as of June 30, 2003, and the related statements of
operations, stockholders' equity and cash flows for the years ended June
30, 2003 and 2002, in conformity with generally accepted accounting
principles.


                       James E. Scheifley & Associates, P.C.
                          Certified Public Accountants

Dillon, Colorado
October 8, 2003


<PAGE>17

                 Dale Jarrett Racing Adventure, Inc.
                           Balance Sheet
                           June 30, 2003

                    ASSETS
                    ------
Current assets:
  Cash                                                     $  162,621
  Accounts receivable - trade                                  30,420
  Inventory                                                     4,218
  Prepaid expenses                                            104,012
                                                           ----------
      Total current assets                                    301,271

Property and equipment, at cost, net of
  accumulated depreciation of $455,546                        332,810

Other assets                                                    2,440
                                                           ----------
                                                           $  636,521
                                                           ==========


          LIABILITIES AND STOCKHOLDERS' EQUITY
          ------------------------------------
Current liabilities:
  Note payable - bank                                      $   82,500
  Current portion of long-term debt                            31,505
  Accounts payable                                             51,376
  Accrued expenses                                             48,293
  Accrued salaries - officers                                 197,500
  Deferred revenue                                            467,907
  Officer advances                                            406,973
                                                           ----------
      Total current liabilities                             1,286,054

Long-term debt                                                 49,302

Commitments and contingencies (Note 6)

Stockholders' equity:
 Common stock, $.01 par value,100,000,000 shares
  authorized, 17,243,912 shares issue and outstanding         172,439
 Additional paid-in capital                                 3,560,988
 Subscriptions to common stock                                 10,000
 Unearned services                                           (527,502)
 Deficit                                                   (3,914,760)
                                                           ----------
                                                             (698,835)
                                                           ----------
                                                           $  636,521
                                                           ==========

See accompanying notes to financial statements.


<PAGE>18

                 Dale Jarrett Racing Adventure, Inc.
                      Statements of Operations
             For The Years Ended June 30, 2003 and 2002

                                                 2003         2002
                                              ----------   ----------
Sales                                         $1,296,958   $  662,559
Cost of sales and services                       669,597      411,553
                                              ----------   ----------
Gross profit                                     627,361      251,006


 General and administrative expenses:
  Salaries, wages and benefits                   347,682      276,478
  Marketing costs                                151,435       44,591
  Garage operations                              109,022       55,187
  Rent and utilities                              54,400       63,478
  Professional fees                               36,602       48,384
  Depreciation                                   130,582      127,077
  Amortization of service contracts              102,778       94,107
  Other                                           61,977       64,558
                                              ----------   ----------
      Total                                      994,478      773,860
(Loss) from operations                          (367,117)    (522,854)

Other income and (expense):
 Interest expense                                (37,507)     (38,351)
 Other income                                      1,745       21,475
                                              ----------   ----------
                                                 (35,762)     (16,876)
                                              ----------   ----------
(Loss) before taxes                             (402,879)    (539,730)
Income taxes                                           -            -
                                              ----------   ----------
  Net (loss)                                  $ (402,879)  $ (539,730)
                                              ==========   ==========

Per share information:

Basic and diluted (loss) per share            $    (0.02)  $    (0.04)
                                              ==========   ==========

Weighted average shares outstanding           17,001,912   14,912,520
                                              ==========   ==========





See accompanying notes to financial statements.





<PAGE>19
                 Dale Jarrett Racing Adventure, Inc.
            Statement of Changes in Stockholders' Equity
             For The Years Ended June 30, 2003 and 2002
<TABLE>
<CAPTION>
                                                     Additional
                                  Common       Stock      Paid-in       Stock
ACTIVITY                          Shares       Amount     Capital      Subscrip
                                                                         tions
                               ----------   ----------   ----------   ----------

                            <c>          <c>          <c>          <c>
Balance June 30, 2001          13,738,500   $  137,385   $3,232,784   $   10,000

Shares issued for cash          1,000,000       10,000       90,000            -

Shares issued for services        500,000        5,000       35,000            -

Shares issued for debt
  conversion                    1,529,412       15,294      119,706            -

Compensation value of shares
  and options issued at less
  than fair market value                -            -       28,058            -

Amortization of unearned
  services                              -            -            -            -

Net loss for the year ended
  June 30, 2002                         -            -            -            -
                               ----------   ----------   ----------   ----------
Balance June 30, 2002          16,767,912      167,679    3,505,548       10,000

Shares issued for services        276,000        2,760       37,440            -

Shares issued for vehicle
  purchase                        200,000        2,000       18,000            -

Amortization of unearned
  services                              -            -            -            -

Net loss for the year ended
  June 30, 2003                         -            -            -            -
                               ----------   ----------   ----------   ----------
Balance June 30, 2003          17,243,912   $  172,439   $3,560,988   $   10,000
                               ==========   ==========   ==========   ==========




<PAGE>20

                 Dale Jarrett Racing Adventure, Inc.
           Statement of Changes in Stockholders' Equity
             For The Years Ended June 30, 2003 and 2002

                                              Unearned
                                              Services     Deficit       Total
                                            ----------   ----------   ----------
Balance June 30, 2001                       $ (687,502) $(2,972,151)  $ (279,484)

Shares issued for cash                               -            -      100,000

Shares issued for services                     (34,445)           -        5,555

Shares issued for debt
  conversion                                         -            -      135,000

Compensation value of shares
  and options issued at less
  than fair market value                             -            -       28,058

Amortization of unearned
  services                                     (91,667)           -       91,667

Net loss for the year ended
  June 30, 2002                                      -            -     (539,730)
                                            ----------   ----------   ----------
Balance June 30, 2002                         (630,280)  (3,511,881)    (459,934)

Shares issued for services                           -            -       40,200

Shares issued for vehicle
  purchase                                           -            -       20,000

Amortization of unearned
  services                                     102,778            -      102,778

Net loss for the year ended
  June 30, 2003                                      -     (402,879)    (402,879)
                                            ----------   ----------   ----------
Balance June 30, 2003                       $ (527,502) $(3,914,760)  $ (698,835)
                                            ==========   ==========   ==========
</TABLE>





See accompanying notes to financial statements.




<PAGE>21
                 Dale Jarrett Racing Adventure, Inc.
                      Statements of Cash Flows
             For The Years Ended June 30, 2003 and 2002

                                                 2003         2002
                                              ----------   ----------
Net (loss)                                    $ (402,879)  $ (539,730)
  Adjustments to reconcile net (loss) to
  net cash provided by (used in) operating
  activities:
   Depreciation and amortization                 235,800      186,739
   Common stock issued for services               40,200       40,000
   Compensation value of stock & options               -       28,058
   Interest added to officer loans                31,446       29,899
Changes in assets and liabilities:
    (Increase) decrease in accounts receivable   (30,420)       5,634
    (Increase) decrease in inventory                (566)       5,782
    (Increase) in prepaid expenses               (15,068)      (5,203)
    Increase in deferred revenue                 358,173       (5,079)
    Increase in accounts payable and
      accrued expenses                           (16,346)     (36,871)
                                              ----------   ----------
       Total adjustments                         603,219      248,959
                                              ----------   ----------
  Net cash provided by(used in)
   operating activities        200,340     (290,771)
                                              ----------   ----------
Cash flows from investing activities:
   Acquisition of plant and equipment             (2,761)     (17,116)
                                              ----------   ----------
Net cash (used in) investing activities           (2,761)     (17,116)
                                              ----------   ----------
Cash flows from financing activities:
   Common stock sold or subscribed for cash            -      100,000
   Proceeds from officer advance                       -      150,000
   Repayment of officer advance                  (15,000)     (25,680)
   Proceeds from notes payable                         -      102,500
   Repayment of long-term debt-                  (21,602)     (18,563)
                                              ----------   ----------
  Net cash provided by (used in)
   financing activities                          (36,602)     308,257
                                              ----------   ----------
Increase in cash                                 160,977          370
Cash and cash equivalents, beginning of period     6,644        6,274
                                              ----------   ----------
Cash and cash equivalents, end of period      $  167,621   $    6,644
                                              ==========   ==========





See accompanying notes to financial statements.




<PAGE>22
                 Dale Jarrett Racing Adventure, Inc.
                      Statements of Cash Flows
            For The Years Ended June 30, 2003 and 2002

                                                 2003         2002
                                              ----------   ----------
Supplemental cash flow information:
   Cash paid for interest                     $    6,061   $    8,452
   Cash paid for income taxes                 $        -   $        -


Non-cash Investing and Financing Activities:
  Common stock issued for debt conversion     $        -   $  135,000
   Vehicles acquired for notes payable        $   97,155   $        -
   Vehicles acquired for common stock         $   20,000   $        -





See accompanying notes to financial statements.





<PAGE>23

Dale Jarrett Racing Adventure, Inc.
Notes to Financial Statements
June 30, 2003

Note 1. Organization and Summary of Significant Accounting Policies.

The Corporation was incorporated in Florida on November 24, 1998 as The
Jarrett/Favre Driving Adventure, Inc. and has elected to be taxed as a
"C" corporation.   The Corporation offers the "NASCAR" driving experience
to the public.  The Corporation owns several 'NASCAR" type automobiles
and has secured several racetrack locations at which it offers these
services at various dates during the year.

     Inventory:
Inventory is valued at the lower of cost or market on a first-in
first-out basis and consists primarily of finished goods and includes
primarily promotional items that bear the Corporation's logo.

     Property, Plant and Equipment:
Property, plant and equipment are recorded at cost and are depreciated
based upon estimated useful lives using the straight-line method.
Estimated useful lives range from 3 to 5 years for furniture and fixtures
and from 5 to 10 years for equipment.

     Revenue Recognition:
Revenue is recognized at the time the product is delivered or the service
is performed. Provision for sales returns will be estimated based on the
Corporation's historical return experience, however sales returns have
not been significant due to the nature of the services provided by the
Corporation.

     Intangible Assets and Long Lived Assets:
The Corporation makes reviews for the impairment of long-lived assets and
certain identifiable intangibles whenever events or changes in
circumstances indicate that the carrying amount of an asset may not be
recoverable.  Under SFAS No. 121, an impairment loss would be recognized
when estimated future cash flows expected to result from the use of the
asset and its eventual disposition is less than its carrying amount.  No
such impairment losses have been identified by the Corporation for the
period ended June 30, 2003.

      Cash:
For purposes of the statement of cash flows, the Corporation considers
all highly liquid debt instruments purchased with a maturity of three
months or less to be cash equivalents.

     Estimates:
The preparation of the Corporation's financial statements requires
management to make estimates and assumptions that affect the amounts
reported in the financial statements and accompanying notes.  Actual
results could differ from these estimates.



<PAGE>24

     Advertising costs:
Advertising costs are charged to operations when the advertising first
takes place. Advertising costs charged to operations were $160,106 and
$28,291 for the years ended June 30, 2003 and 2002, respectively.

     Fair value of financial instruments
The Corporation's short-term financial instruments consist of cash and
cash equivalents, accounts and loans receivable, and payables and
accruals.  The carrying amounts of these financial instruments
approximates fair value because of their short-term maturities.
Financial instrument that potentially subjects the Corporation to a
concentration of credit risk consists principally of cash.  During the
year the Corporation maintained cash deposits at financial institutions
in excess of the $100,000 limit covered by the Federal Deposit Insurance
Corporation.  The Corporation does not hold or issue financial
instruments for trading purposes nor does it hold or issue interest rate
or leveraged derivative financial instruments

     Stock-based Compensation
The Corporation adopted Statement of Financial Accounting Standard No.
123 (FAS 123), Accounting for Stock-Based Compensation at its inception.
Upon adoption of FAS 123, the Corporation continued to measure
compensation expense for its stock-based employee compensation plans
using the intrinsic value method prescribed by APB No. 25, Accounting for
Stock Issued to Employees. The Corporation paid stock based compensation
during the period ended June 30, 2003 as described in Note 4.

New Accounting Pronouncements

In June 2001, the Financial Accounting Standards Board issued SFAS No.
141, Business Combinations ("SFAS 141), which is required to be adopted
for business combinations initiated after June 30, 2001. SFAS 141
prohibits the use of the pooling of interest method of accounting.

Management believes that the adoption of SFAS No. 141 has had no impact
on the Corporation for the year ended June 30, 2003

In June 2001, the Financial Accounting Standards Board issued SFAS No.
142, Goodwill and Other Intangible Assets ("SFAS 142), which is
required to be adopted for fiscal years beginning after December 15,
2001.  The Corporation plans to adopt SFAS 142 during the first quarter
of its 2002 fiscal year.  SFAS 142 establishes accounting rules for
recording goodwill and other intangible assets. It prohibits the
amortization of goodwill and intangible assets that have an indefinite
useful life.  Such assets are required to be tested for impairment on
an annual basis. Corporation plans to follow the requirements of SFAS
142 to account for any merger that it may enter into.

Management believes that the adoption of SFAS No. 142 has had no impact
on the Corporation for the year ended June 30, 2003




<PAGE>25

Note 2.  Property, Plant and Equipment.

Property, plant and equipment consists of the following at June 30, 2003:

Office furniture an equipment        $  23,132
Shop and track equipment               100,610
Race vehicles                          522,397
Vehicles - other                       142,217
                                     ---------
                                       788,356
Less accumulated depreciation         (455,546)
                                     ---------
                                    $  332,810

Depreciation charged to operations was $130,582 and $127,077 for the
years ended June 30, 2003 and 2002, respectively.


Note 3.  Other Assets

Other assets at June 30, 2003 consist of principally of costs associated
with the development of the Corporation's internet web site and the
software component thereof which will enable the Corporation to offer its
services and arrange for payment therefore electronically.  The
Corporation is amortizing these costs over a five-year period that began
at July 1, 1999.  Amortization expense recorded during the year ended
June 30, 2003 and 2002 amounted to $2,440 for each period.

Note 4. Stockholders' Equity

During December 1998 the Corporation negotiated personal service
contracts with certain members of the Jarrett family and Bret Favre.  The
Jarretts and Favre have had a prior business relationship related to
automobile racing.  The contracts require the individuals to provide
personal appearances and to participate in the advertising and
promotional efforts of the Corporation for a period of ten years.  The
Corporation issued an aggregate of 5,500,000 shares in connection with
the personal service contracts.

The unearned services under the contracts aggregate $504,169 at June 30,
2003 and are classified as a reduction of stockholders' equity.  Services
charged to expense during the years ended June 30, 2003 and 2002 amounted
to $91,667 for each period.  The services will be charged to expense
ratably over the remaining terms of the contracts (5.5 years).

During 2001, the Corporation issued 500,000 shares of its common stock to
a consultant for services rendered to the Corporation during the year.
The shares were valued at $.08 per share, which was the bid price of the
common stock at the date the stock issuance was approved by the Board of
Directors.  The contract covers a three year term and at June 30, 2003,
$23,333 of contract services had not been provided. This amount is
included in the caption "Unearned services" in the accompanying financial
statements.


<PAGE>26

The year ended June 30, 2002, the Corporation issued 1,000,000 shares of
its restricted common stock to an officer for cash at $.10 per share.
Additionally during 2002, the Corporation authorized the issuance of
500,000 shares of its common stock to a consultant for services rendered
to the Corporation during the year.  Aggregate expense related to the
shares issued for services amounted to $40,000 and was based upon the
trading value of the Corporation's common stock at the date the shares
were authorized by the Corporation's Board of Directors.

Also during 2002, the Corporation issued 1,529,412 shares of its
restricted common stock to two of the Corporation's creditors, including
a former officer and director, in exchange for the cancellation of
indebtedness aggregating $135,000. The conversions were completed at
exchange prices which differed from the fair value of the stock at the
exchange date.  The Corporation has recorded an aggregate of $28,058 of
expense related to the exchange.

During the year ended June 30, 2003, the Corporation authorized the
issuance of an aggregate of 276,000 shares of its common stock to four
unrelated individuals or entities for services rendered to the
Corporation during the year.  Aggregate expense related to the shares
issued for services amounted to $40,200 and was based upon the trading
value of the Corporation's common stock at the date the shares were
authorized by the Corporation's Board of Directors.  Additionally, the
Corporation issued 200,000 shares of its common stock to an individual
for the purchase of a race vehicle valued at $20,000.  The trading price
of the Corporation's common stock at the date of the purchase was $.14
per share.

The Corporation has an aggregate of 200,000 options to purchase common
stock at $1.00 per share and 200,000 options to purchase common stock at
$2.00 per share outstanding at June 30, 2002.  No options were exercised
during the years ended June 30, 2003 and 2002.

On June 2, 2003, the Corporation's Board of Directors approved the
exchange of all or a portion of the indebtedness to its officers and
directors and a consultant for restricted common stock at an exchange
price of $.14 per share.  There was no difference between the exchange
price of these options and the fair value of the stock and no debt was
converted as of June 30, 2003. The aggregate amount of debt subject to
exchange was $575,374 at June 30, 2003. If all of the debt as of June 30,
2003 were converted, the Corporation would be required to issue an
additional 4,109,814 shares.

The weighted average fair value at the date of grant for debt exchange
options granted during 2003 as described above was $.03 per option.  The
fair value of the options at the date of grant was estimated using the
Black-Scholes model with assumptions as follows:

Market value                  $ .14
Expected life in years            5
Interest rate                    5%
Volatility                       2%
Dividend yield                 0.00%

<PAGE>27

Stock based compensation costs would have increased pretax losses by
$130,000 ($.01 per share) if the fair value of the options granted during
the year had been recognized as compensation expense.


Note 5. Income Taxes.

Deferred income taxes may arise from temporary differences resulting from
income and expense items reported for financial accounting and tax
purposes in different periods. Deferred taxes are classified as current
or non-current, depending on the classifications of the assets and
liabilities to which they relate. Deferred taxes arising from temporary
differences that are not related to an asset or liability are classified
as current or non-current depending on the periods in which the temporary
differences are expected to reverse.  The Corporation had no significant
deferred tax items arise during any of the periods presented.

The Corporation has not provided for income taxes during any period
presented as a result of operating losses. The Corporation has a net
operating loss carryforward at June 30, 2003 of approximately $3,369,000
that will expire $350,000 in 2019 and $1,608,000 in 2020, $1,008,000 in
2021 and $403,000 in 2022.  The Corporation has fully reserved the
deferred tax asset that would arise from the loss carryforward since the
Corporation believes that it is more likely than not that future income
from operations will not be available to utilize the deferred tax asset.
The deferred tax asset and the related reserve are as follows:

Deferred tax asset
 Tax benefit of net operating loss            $ 1,145,000
 Less valuation allowance                      (1,145,000)
                                              -----------
Net deferred tax asset                        $         -

During the year ended June 30, 2003 the valuation allowance for deferred
tax assets increased by $137,000.

Note 6. Long-term Debt

The Corporation has four vehicle purchase contracts outstanding at June
30, 2003 having an outstanding balance at that date of $80,806.  The
loans are due in monthly installments of $2,832 including interest at
from 1.9% to 10% through March 2007.  Four support vehicles collateralize
the loans.  Principal repayments are due as follows: $31,505 in 2004,
$23,854 in 2005, $19,651 in 2006, and $5,796 in 2007.


Note 7. Commitments and contingencies

Operating leases:
The Corporation leases its office and garage facilities on a month to
month or short term basis.

Rent expense amounted to $48,557 and $56,880 for the years ended June 30,
2003 and 2002, respectively.

<PAGE>28

Note 8.  Related Party Transactions

During the year ended June 30, 2002, certain the Corporation's officers
and directors advanced an aggregate of $150,000 in cash to the
Corporation and $25,680 of repayments were made.  The aggregate balance
of all advances amounted to $326,527 at June 30, 2002.  Certain of the
advances bore interest at 9% per year and interest of $29,899 was added
to the loan balances for the year ended June 30, 2002.

During the year ended June 30, 2003, an officer and director of the
Corporation sold three race vehicles to the Corporation for an aggregate
price of $64,000. The Corporation made $15,000 of cash repayments of
officer advances during the year ended June 30, 2003.  The aggregate
balance of all advances amounted to $406,973 at June 30, 2003.  Certain
of the advances bore interest at between 6% and 9% per year and interest
of $31,446 was added to the loan balances for the year ended June 30,
2003.  The advances are expected to be repaid currently.

At June 30, 2003, the Corporation had accrued salary for its officer
aggregating $197,500. The officer is due $60,000 per year in annual
salary.


Note 9.  Business Segments and Related Information

The Corporation offers a "NASCAR" type driving experience to the general
public at racetrack locations in the United States.  To date its revenues
have consisted of sales from the driving program and sales of promotional
type apparel bearing the Corporation's logo.  The Corporation expects to
continue sales of these items in conjunction with its driving experience
business and does not expect that such sales will constitute a separate
business segment. Sales of promotional items amounted to $55,602 and
$13,656 during the years ended June 30, 2003 and 2002, respectively.

To date the Corporation has had no foreign sales and has no long-lived
assets outside of the United States.




<PAGE>29

(b)    List of Exhibits

The following exhibits are filed with this report:

  Exhibit 99 - 906 certifications


 (B)    REPORTS ON FORM 8-K
          None



<PAGE>30

                  SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the Corporation has duly caused this
Report to be signed on its behalf by the undersigned duly authorized
person.

Date:    October 14, 2003

Jarrett/Favre Driving Adventure, Inc.

/s/ Timothy Shannon
------------------------------
By: Timothy Shannon, President

Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, this report has been signed below by the following persons on
behalf of the Corporation and in the capacities and on the dates
indicated.
<TABLE>

                                                               <c>
/s/Timothy B. Shannon           Principal Executive Officer   October 14, 2003
-------------------             Chief Financial Officer/
                                  Controller/Director

/s/Brian C. Rosenbloom                   Director             October 14, 2003

/s/Glenn Jarrett                         Director             October 14, 2003
-------------------
</TABLE>



               302 CERTIFICATION

I, Timothy B. Shannon, certify that:

         1. I have reviewed the annual report on Form 10-KSB of
Pinnacle Resources, Inc.;

         2. 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 report;

         3. 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 report;

         4. I am responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules
12a-14) and internal controls over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
have:

      a)  designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, 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 (the "Evaluation Date"); and

      c)  presented in this annual report my conclusions about the
effectiveness of the disclosure controls and procedures based on my
evaluation as of the Evaluation Date;

         5. I have disclosed, based on my most recent evaluation, to
the registrant's auditors and the audit committee of registrant's board
of directors (or persons performing the equivalent functions):

         a) all significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to
record, process, summarize and report financial information; 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 over financial reporting.

Date: October 14, 2003              /s/Timothy B. Shannon
                                   ----------------------------
                                   Timothy B. Shannon
                                   Chief Executive Officer and
                                   Chief Financial Officer