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


                         FORM 1O-QSB


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

For Quarter ended December 31, 1999         Commission File No.33-30476-D


                  ISO BLOCK PRODUCTS USA, INC.
      (Exact name of registrant as specified in its charter)


                           COLORADO
                (State or other jurisdiction of
                incorporation or organization)

                   8037 South Datura Street
                   Littleton, Colorado 80120
            (Address of Principal's Executive Offices)

                          84-1O26503
               (I.R.S. Employer Identification No.)



                        (303) 795-9729
           (Registrant's Telephone No. Incl. area code)



  Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the
registrant 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 ___

  The number of  shares outstanding of each of the Registrant's classes of
common equity, as of January 31, 2000, are as  follows:

        Class of Securities            Shares Outstanding
        -------------------            ------------------
     Common Stock, no par value            4,063,984




                         INDEX

                                                                 Page of
                                                                  Report

        PART I          FINANCIAL INFORMATION


Item 1.  Financial Statements

         Consolidated Balance Sheets:

         As of December 31, 1999 (unaudited) and March
         31, 1999....................................................... 3

         Consolidated Statements of Operations (unaudited)

         For the three-month period and nine-month period ended
         December 31, 1999 and 1998...................................  4

         Consolidated Statements of Cash Flows (unaudited)

         For the nine-month periods ended December 31, 1999 and
         1998..........................................................  5

         Notes to Unaudited Financial Statements.......................  6


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


             PART II.          OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K..............................  9



         Signatures....................................................  9





                      ISO BLOCK PRODUCTS USA, INC.

                 CONSOLIDATED COMPARATIVE BALANCE SHEET



                                         December 31,         March 31,
                                              1999               1999
                                           ----------         ----------

         ASSETS
         ------

    Current Assets
    --------------
      Cash                                      848                5,135
      Mortgages Receivable                   16,200               16,200
      Inventory-work in progress             34,540               34,540
                                          ----------          ----------
        Total Current Assets                 51,588               55,875


    Property & Equipment
    --------------------
      Office Equipment                            -                9,071
      Vehicle                                     -               14,273
      Less:    Accumulated Depreciation           -              (4,333)
                                          ----------           ----------
        Net Property & Equipment                  -               19,011


    TOTAL ASSETS                             51,588               74,886
                                          ==========           ==========


         LIABILITIES & STOCKHOLDERS' EQUITY
         ----------------------------------

    Current Liabilities
    -------------------
      Accounts Payable                       26,304               54,383
      Notes payable                         100,000              150,360
      Accrued Interest payable                    -               26,304
                                          ----------           ----------
         Total Current Liabilities          126,304              231,047


    Stockholders' Equity
    --------------------
      Preferred Stock, No Par Value,
       10,000,000 Shares Authorized,
       116,370 and 116,370 Shares
       Outstanding, Respectively.           114,690              114,690

      Common Stock, 50,000,000 Shares
       Authorized, 4,063,984 and
       3,854,730 Shares Outstanding,
       Respectively.                      2,897,989            2,897,764

      Accumulated Deficit                (3,087,395)          (3,168,615)
                                          ----------           ----------
                                            (74,716)            (156,161)
                                          ----------           ----------
       TOTAL LIABILITIES &
        STOCKHOLDERS EQUITY                  51,588               74,886
                                          ==========           ==========



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




                        ISO BLOCK PRODUCTS USA, INC.


               CONSOLIDATED COMPARATIVE STATEMENT OF OPERATIONS
               ------------------------------------------------
                    For the three and six months ended


                              Three Months Ended         Nine Months Ended
                                December 31,              December 31,
                              1999         1998         1999          1998
                           ----------   ----------   ----------   -----------

    INCOME
    ------
      Sales                        -       29,315       18,460       366,662
      Interest Income              -            -            2             4
                           ----------   ----------   ----------   -----------
        Total Income               -       29,315       18,462       366,666


    COST OF SALES
    -------------
      Cost of Materials            -        9,585       20,866       291,785
      Labor                        -            -            -             -
                           ----------   ----------   ----------   -----------
        Total Cost of Sales        -        9,585       20,866       291,785


    GROSS PROFIT (LOSS)            -       19,730       (2,404)       74,881


    OPERATING EXPENSES
    ------------------
      General and Admin.         225       84,429        2,481       213,514
                           ----------   ----------   ----------   -----------

        NET ORDINARY LOSS       (225)     (64,699)      (4,885)     (138,633)

     Discontinued
       Operations, net             -            -       86,232             -
                           ----------   ----------   ----------   -----------

        NET LOSS                (225)     (64,699)      81,347      (138,633)
                           ==========   ==========   ==========   ===========


    LOSS PER COMMON SHARE                 (   .01)      (    -)      (   .03)

    Weighted Average
      Shares Outstanding   4,063,984    3,914,730    4,052,734     3,894,730




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




                       ISO BLOCK PRODUCTS USA, INC.

            CONSOLIDATED COMPARATIVE STATEMENT OF CASH FLOWS
            ------------------------------------------------
                     For the six months ended


                                                      December 31,
    Cash Flows From Operating Activities         1999              1998
    ------------------------------------         ----              ----
    Net Income (Loss)                            81,347          (64,699)
        Depreciation                             (4,394)             500
        Accrued interest                        (26,304)           4,582
        Inventory                                     -          (20,250)
        Office equipment & vehicle               23,344               -
        Accounts Payable                        (28,079)              -
        Other                                       159              311
                                             -----------       ----------
    Net Cash Used in Operating Activities        46,073          (79,556)


    CASH FLOWS FROM INVESTING ACTIVITIES
    ------------------------------------
      Purchase of Property & Equipment                -                -



    CASH FLOWS FROM FINANCING ACTIVITIES
    ------------------------------------
      Proceeds from common stock                      -                -
      Promissory notes                          (50,360)          64,000
                                             -----------       ----------
      Net Cash Provided by (Used In)
        Financing Activities                    (50,360)          64,000



    NET INCREASE (DECREASE) IN CASH              (4,287)         (15,556)


    CASH - Beginning of Period                    5,135           31,442
                                             -----------       ----------

    CASH - End of Period                            848           15,886
                                             ===========       ==========



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



                        ISO BLOCK PRODUCTS USA, INC.
                   NOTES TO UNAUDITED  FINANCIAL STATEMENTS


Note 1.
-------
       Company Description. ISO Block Products USA, Inc. ("Company")
       was incorporated in the State of  Colorado on April 28, 1986 under the
       name Champion Computer Rentals, Inc.  The Company was formed to
       obtain funding from a public offering in order to engage in the sale
       and leasing of computers and related equipment.  As March 31, 1992,
       the Company ceased those sale and leasing operations.

       Franchising Operations

       On January 24, 1997, ISO acquired 100% stock of Franchise
       Connection, Inc. and its wholly owned subsidiary Brilliant Marketing,
       Inc.  On August 31, 1999, ISO, Franchise Connection and Brilliant
       Marketing entered into an Unwiding Agreement.


Note 2.
--------
       Summary of Significant Accounting Policies.  The accompanying un-
       audited financial statements of the Company have  been prepared on
       the accrual basis and in accordance with the instructions to Form
       10-QSB and do not include all of the information and footnotes
       required by generally accepted accounting principles for complete
       financial statements.  In the opinion of management, all adjustments
       considered necessary for a for a fair presentation have been in-
       cluded. These financial statements should be read in conjunction with
       the financial statements and notes thereto included in the Company's
       annual report on Form 10-KSB for the fiscal year ended March 31, 1999.
       Following is a summary of significant accounting policies.


       Consolidation

       The financial statements include the accounts of ISO and its unwound
       wholly-owned subsidiaries Franchise Connection, Inc., Brilliant
       Marketing, Inc., and Magna Dry, Inc.  All significant inter-company
       balances have been eliminated in consolidation.


       Income Taxes

       The Company has no current or deferred income tax liability due to
       accumulated losses during the development stage. The Company has net
       operating losses totaling $3,087,395 which is available to offset
       future taxable income. These NOL's expire through 2009. Since
       realization of the tax benefits of  these net operating losses is
       not assured beyond any reasonable doubt, no recognition has been
       given to possible future tax  benefits in the financial statements.
       A deferred tax benefit is of $1,170,000 has been offset by a
       valuation allowance.


       Use of Estimates

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


Note 3.
-------
       During the quarter ended December 31, 1999, the Company incurred a
       net loss of $225, and as of that date had accumulated a deficit of
       $3,087,395. The Company had no operations during the third fiscal
       quarter covered by these statements.


Note 4.
-------
       Future working capital requirements are dependent on the Company's
       ability to attain profitable operations and  to obtain financing or
       new capital  as required.  It is not possible at this time to predict
       the outcome of future operations or whether the necessary financing
       or investment can be arranged.



Note 5.
-------
       On August 31, 1999 the Company, Franchise Connection, Magna Dry,
       Brilliant Marketing and certain individuals entered into a Unwiding
       Agreement due to lack of cash on hand and lack of operating income
       of the Company, Franchise Connection, Magna Dry and Brilliant
       Marketing. The discontinued operations resulted in $86,232 of
       liabilities no longer a responsibility of the Company.



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

       Business Operations

       The Company's principal operations through December 31, 1999
       consisted of residential home construction as general contractor.
       The Company is currently reviewing other potential lines of business
       obtained either from a purchase, merger or acquisition transaction.


       Results of Operations.
       ----------------------

       During the third fiscal quarter ended December 31, 1999, the Company
       had no revenue and engaged in limited operations in comparison to
       revenues of $29,315 in the third fiscal quarter of 1998. The Company
       realized a loss of $225 from operations in the third quarter of 1999
       compared to a loss of $64,699 in the third quarter of 1998. The
       Company has accumulated a deficit since inception totaling $3,087,395.
       The loss realized was primarily due to general and administrative
       expenses.


       Liquidity and Capital Resources.
       --------------------------------

       The Company has total assets of $51,588 including cash or cash
       equivalents at the end of the third fiscal quarter 1999 of $848
       compared to total assets of $227,202 including cash or cash
       equivalents of $15,886 at the end of the third fiscal quarter of 1998.


       Income Taxes and Net Operating Losses
       -------------------------------------

       At December 31, 1999, the Company had net operating loss carryforwards
       for United States and German income tax purposes totaling $3,087,395,
       which are available to offset future taxable income.  These NOL's
       expire through 2009.


       Plan of Operation
       -----------------

       The Company intends to continue as general contractor in the United
       States and purchased two residential building sites in the Outlook
       subdivision in Broomfield, Colorado, located approximately five miles
       northwest of Denver, Colorado, The Company had the capacity to build
       at least one speculative house at a constructed retail price of
       $270,000. Construction was started June 1997 and was complete and sold
       in the second fiscal quarter of 1998. The Company will begin
       construction on its second building site when funds become available.
       The Company expects to continue its construction program as long as
       the residential real estate business climate continues its intensity
       in Colorado.

       The Company will also continue reviewing potential lines of business
       obtained either from a purchase, merger or aquisition transaction.


       Year 2000 Compliance
       --------------------
       General Description of the Year 2000 Issue and the Nature and Effects
       of the Year 2000 on Information Technology (IT) and Non-IT Systems


       The Year 2000 issue is the result of computer programs being written
       using two digits rather than four digits to define the applicable
       year. Any of the Company's computer programs or hardware that have
       date-sensitive software or embedded chips may recognize a date using
       "00" as the year 1900 rather than the year 2000. This could result in a
       system failure or miscalculations causing disruptions of operations,
       including, among other things, a temporary inability to process
       transactions, send invoices, or engage in similar normal business
       activities.

       The Company presently has no computer hardware or related
       software. The Company also does not use any services from other
       company's.


       Nature and Level of Importance of Third Parties and Their Exposure to
       the Year 2000

       The Company continues to conduct surveys of its banking and other
       vendor relationships to asses risks regarding their Year 2000
       readiness. The Company has banking relationships all of which have
       indicated their compliance efforts are completed.

       The Company does not rely heavily on any single vendor for goods and
       services, and does not have significant suppliers and subcontractors
       who share information systems with the Company (external agents). To
       date, the Company is not aware of any external agent with a Year 2000
       compliance issue that would materially impact the Company's results of
       operations, liquidity, or capital resources. However, the Company has
       no means of ensuring that external agents will be Year 2000 compliant.
       Management does not believe that the inability of external agents to
       complete their Year 2000 remediation process in a timely manner will
       have a material impact on the financial position or results of
       operations of the Company. However, the effect of non-compliance by
       external agents is not readily determinable.

       Costs to Address Year 2000
       --------------------------
       The total cost of the Year 2000 project is $0. To date, the Company
       has incurred $0 related to all phases of the Year 2000 project. Of
       the total remaining project costs, approximately $0 is attributable
       to the purchase of new software and operating equipment.

       Risks Associated with the Year 2000
       -----------------------------------
       Management believes it has no risk associated with the Year 2000.






Item 6.          Exhibits and Reports on Form 8-K

        (a)      Exhibits.     NONE

        (b)      Reports on Form 8-K



                               SIGNATURES
                               ----------
  In accordance with the requirements of the Exchange Act, the Registrant
caused this Report on Form 10-QSB to be signed on its behalf by the under-
signed thereunto duly authorized.


Dated: Februaryr 11, 2000

                                  ISO BLOCK PRODUCTS USA, INC.


                                  By   /S/ Egin Bresnig
                                  ------------------------------
                                           Egin Bresnig,
                                           Chief Executive Officer




                                  By   /S/ Dean Wicker
                                  -------------------------------
                                           Dean Wicker,
                                           Chief Financial Officer