UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 10-QSB
(Mark One)

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

For the quarterly period ended June 30, 2001

                                     or

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

                           GRIFFIN INDUSTRIES, INC.
                       (A Development Stage Enterprise)
         (Exact name of registrant as specified in its charter)

         Maryland                                  91-1869317
(State or other Jurisdiction of         (I.R.S. Employer Identification No.)
incorporation or organization)

                             25th Floor
                          1111 Third Avenue
                            Seattle, WA
                                98101
               (Address of principal executive offices)

                           (206) 326-8090
                      (Issuer's telephone number)

Indicate by check mark whether the registrant (1) has filed all reports to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceeding 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

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
            PROCEEDINGS DURING THE PRECEEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15 (d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court.
     __ Yes     __ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

CLASS                                 OUTSTANDING AT 06-30-01
Common Stock - $0.001 par value              2,869,633
                                   INDEX


PART I - FINANCIAL INFORMATION

Item 1-  Financial Statements (unaudited)............................10Q-3
               Condensed Balance Sheets..............................10Q-3
               Condensed Statements of Operations....................10Q-4
               Condensed Statements of Cash Flows....................10Q-5
               Notes to Condensed Financial Statements...............10Q-6
Item 2 - Management's Discussion and Analysis of
      Financial Condition and Results of Operations..................10Q-8


PART II - OTHER INFORMATION.........................................10Q-11
EXHIBIT INDEX.......................................................10Q-11
SIGNATURES..........................................................10Q-12








































PART 1
FINANCIAL INFORMATION


ITEM 1 - FINANCIAL STATEMENTS

                               GRIFFIN INDUSTRIES, INC.
                                    BALANCE SHEET
                         (see Note 1 - Basis of Presentation)
                                    (UNAUDITED)
                                      (in US$)

                                   June 30,                         December 31,
                                     2001                               2000
ASSETS
Current                                                         $
Cash and cash equivalents             519                                 4,761
Loan receivable                    88,931                               125,688
                                 --------                            ----------
                                   89,450                               130,449

Capital asset                         832                                   832
                                ---------                            ----------
                           $       90,282                        $      131,281
                                ---------                            ----------

LIABILITIES AND
STOCKHOLDERS' EQUITY

Current
Accounts payable and
accrued expenses           $       38,505                        $       25,686
                                ---------                             ---------
                                   38,505                                25,686

Stockholders' equity (note 4)
Preferred stock @
   $0.001 par value                 2,500                                 2,500
Common stock @
   $0.001 par value                 2,869                                 2,869
Additional paid-in
   Capital                      2,534,359                             2,534,539
Unearned compensation             (46,830)                              (73,746)

Accumulated deficit
under development stage        (2,441,301)                          (2,2360,567)

Total stockholders' equity         51,777                               105,595
                               ----------                          ------------
                            $      90,282                        $      131,281
                               ----------                          ------------




                                     10Q-3

                               GRIFFIN INDUSTRIES, INC.
                          STATEMENT OF OPERATIONS AND DEFICIT
                         (see Note 1 - Basis of Presentation)
                                   (UNAUDITED)
                                    (in US $)

                              For the             For the          Period from
                              three                six             October 14
                              months              months           1997 to
                              Ended               ended            June 30,2001
                      June 30,      June     June 30,    June 30,
                      2001          2000     2001        2000

REVENUE
Investment income       1,691      4,335       3,846      10,418         97,602
                     --------   --------     -------      ------        -------
                        1,691      4,335       3,846      10,418         97,602
                     --------   --------     -------      ------        -------

EXPENSES
Professional fees       6,055     44,020      27,430     114,009      1,039,751
Travel                      -     24,791           -      54,792        402,749
Office and
   miscellaneous       31,822     79,979      57,150     172,518      1,076,988
Directors' fees             -          -           -       1,500         18,250
Depreciation expense        -          -           -           -          1,165
                      -------    -------      ------     -------      ---------
                       37,877    148,790      84,580     342,819      2,538,903
                      -------    -------      ------     -------      ---------

Loss                  (36,186)  (144,455)    (80,734)    (332,401)   (2,441,301)

Accumulated
   Deficit (under
   development stage
   Beginning of
   Period)        (2,405,115) (2,072,043) (2,360,567)  (1,897,555)            -

Accumulated
   Deficit (under
   development stage
   End of
   Period)        (2,441,301) (2,216,498) (2,441,301)  (2,229,956)   (2,441,301)

Weighted average
   Number Of
   common shares
   Outstanding     2,869,633   2,663,591   2,869,633    2,663,591

Loss per share -
   basic
   And diluted        $(0.01)     $(0.05)     $(0.03)      $(0.12)
                  --------------------------------------------------------------
                  --------------------------------------------------------------


                                      10Q-4
                             GRIFFIN INDUSTRIES, INC.
                             STATEMENT OF CASH FLOWS
                      (see Note 1 - Basis of Presentation)
                                  (UNAUDITED)
                                  (in U.S. $)

                                                                   Period from
                              For the six       For the six        October 14,
                              month period      month period       1997 to
                              ending            ending             June 30, 2001
                              June 30, 2001     June 30, 2000

OPERATING ACTIVITIES
Loss                          (80,734)         (332,401)            (2,441,301)
Add items not
  affecting cash:
    Accrued interest           (3,840)           (4,917)               (16,677)
    Depreciation Expense
    Non-cash services received
    From the principal
    Shareholder                30,044                 -                  1,165
    Stock based compensation   26,916            26,916                139,170
                               ------           -------              ---------
                              (27,614)         (310,402)            (2,317,643)

Changes in operating
liabilities:
  accounts payable
  and accrued expenses         12,819                 -                 38,505
                              -------           -------             ----------
 Cash used in operating
activities                    (14,795)         (310,402)            (2,279,138)

INVESTING ACTIVITIES
Purchase of capital assets          -                 -                 (1,997)
Loan receivable from
Principal shareholder          10,553             7,000                (72,254)
                               ------           -------              -----------
cash provided by (used in)
operating activities           10,533             7,000                (74,251)

FINANCING ACTIVITIES
Proceeds from common and
   preferred stock                  -                 -              2,353,908
                               ------           -------              ---------
Cash provided by
   financing activities             -                 -              2,353,908

Increase (decrease) in
   cash during the period      (4,242)         (303,402)                   519
Cash and cash equivalents,
   beginning of period          4,761           410,402                      -
                                -----           -------              ---------
Cash and cash equivalents,
   end of period                  519           107,523                    519

                                     10Q-5
                         GRIFFIN INDUSTRIES, INC.
                 NOTES TO CONDENSED FINANCIAL STATEMENTS
                              (UNAUDITED)
                               (in US $)

1. BASIS OF PRESENTATION

These financial statements have been prepared by management on a going concern
basis, which contemplates the realization of assets and the discharge of
liabilities in the normal course of business for the forseeable future.

The Company has incurred significant losses and negative cash flow from
operations since its inception and has an accumulated deficit of $2,441,301 at
June 30, 2001 (December 31, 2000 - $2,360,567). A substantial portion of the
losses is attributable to efforts in identifying and evaluating acquisition
opportunities. The Company's ability to continue as a going concern is in
substantial doubt and is dependent upon the continued support of its principal
stockholder and obtaining additional financing. There can be no assurance the
Company can attain profitable operations or obtain additional financing in the
future.

These financial statements do not give effect to any adjustments which would
be necessary should the Company be unable to continue as a going concern and
therefor be required to realize its assets and discharge its liabilities in
other than the normal course of business and at amounts different from those
reflected in the accompanying financial statements.

These statements are unaudited and, in the opinion of management, include all
adjustments(consisting of normal recurring adjustments and accruals) necessary
to present fairly the results for the periods presented.  Certain information
and footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles in the United
States have been condensed or omitted pursuant to such SEC rules and
regulations.  Operating results for the quarter ended June 30, 2001 are not
necessarily indicative of the results that may be expected for the year ending
December 31, 2001.  These financial statements should be read in conjunction
with the Company's audited financial statements for the period ended
December 31, 2000.


2. RELATED PARTY TRANSACTIONS

Substantially all of the company's operations are managed by the Company's
Principal Stockholder and executive, management and administrative services are
provided by a company wholly owned by the Principal Stockholder. During the
period ended June 30, 2001 the Company paid nil [December 31, 2000 - $194,500]
for management and administrative services.  Additional management and
administrative services with a fair value of $30,044 were provided at no cost
to the Company in settlement of the loan receivable from the Principal
Stockholder.

In 1998, the Company entered into an unsecured revolving loan agreement with a
director and major shareholder whereby he can borrow up to $125,000 at 7.75% per
annum. At June 30, 2001, the Company had a balance of $88,931 owing from the


                                      10Q-6
director which matures June 30, 2002 and includes net advances of $77,429 and
interest charged at 7.75% of $11,502 [December 31,2000 - $125,000 and accrued
interest $7,662].

3. SALES OF UNREGISTERED SECURITIES

[a]     Shares authorized

        50,000,000 shares of common stock, $.001 par value
         5,000,000 shares of preferred stock, $.001 par value

The shareholders of common stock are entitled to one vote per share of common
stock held and the shares are fully transferable subject to applicable laws.

The issued and outstanding preferred stock consists of "Series A" convertible
preferred stock, where each Series A convertible preferred stock will convert
into five shares of common stock upon and subject to: a change in control of the
Company; any tender offer of shares made under Section 14 of the Securities and
Exchange Act which, upon approval and completion, would effect a significant
change of control of the Company; or a liquidation or dissolution of the
Company. The Company and its stockholders have approved a plan to reincorporate
the Company in the State of Delaware. The Principal Stockholder has agreed to
surrender all Series A preferred stock to the Company for no consideration in
connection with the re-incorporation of the Company into Delaware.

In the event of a liquidation or dissolution of the Company, the holders of the
common stock shall be entitled to receive all of the net assets of the Company.

[b]     Warrants

As at June 30, 2001 the company has the following warrants outstanding:

No.of Common             Exercise               Expiration
Shares Issuable           Price                 Date
-------------------------------------------------------------------------

388,000                     $1.00               December 01, 2002
500,000                     $1.00               March 17, 2003
100,000                     $1.00               December 31, 2003
-------------------------------------------------------------------------
















                                     10Q-7
[c]     Stock options

At June 30, 2001, the Company has the following exercisable options to
directors:

      Number of
        common shares      Exercise
        issuable           price             Date of expiry
-------------------------------------------------------------------------
         20,000           $1.00             January 1, 2003
         20,000           $3.00             July 1, 2003
         20,000           $3.00             January 1, 2004
         20,000           $3.00             July 1, 2004
         20,000           $3.00             January 1, 2005
-------------------------------------------------------------------------
        100,000
-------------------------------------------------------------------------

Stock options for the respective periods and the number of stock options
outstanding are summarized as follows:


                            Number of                   Weighted average
                           common shares                exercise price
                             under option                    $
------------------------------------------------------------------------
Balance, December 31, 1999      80,000                          2.50
Options granted                 20,000                          3.00
------------------------------------------------------------------------
Balance, December 31, 2000
and June 30, 2001              100,000                          2.60
------------------------------------------------------------------------


ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

The following discussion and analysis should be read in conjunction with the
Financial Statements and Notes thereto appearing elsewhere in this report and
with "Management's Discussion and Analysis of Financial Condition and Results
of Operations; Plan of Operation" presented in the Company's 2000 Annual Report
on Form 10-KSB.

INTRODUCTORY NOTE

This Quarterly Report on Form 10-QSB contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and the Company intends that such forward
looking statements be subject to the safe harbors created thereby.

OVERVIEW

Griffin Industries, Inc. was incorporated in Maryland on October 14, 1997,to be
a venture capital vehicle for investors.  As such, we were qualified as a


                                    10Q-8
business development company under the Investment Company Act of 1940 and
voluntarily submitted to the Securities and Exchange Commission's public
reporting requirements.  As a business development company, we were eligible to
make investments in qualifying companies and would have earned our returns, if
any, upon the sale of those investments.

We originally considered making investments in the staffing, technology,
and heavy equipment rental and distribution industries. We contacted business
brokers and investment bankers to assist us in identifying investment
opportunities in those sectors.  We reviewed a number of business plans and
eventually decided to focus on the heavy equipment industry.

After identifying, contacting and investigating many heavy equipment
companies, we determined that it would be more profitable to purchase entire
companies or businesses.  As a result, we terminated our status as a business
development company and our regulation under the Investment Company Act of 1940
and we began efforts to simultaneously acquire several companies in the heavy
equipment industry.  By Summer, 1998, we had completed valuations and financial
due diligence on five target companies, and signed letters of intent or similar
arrangements with each of them.  We also completed due diligence and acquisition
documentation with one of the five.

However, heavy equipment valuations became depressed and we therefore
discontinued our efforts in that sector and sought a different sector where
greater shareholder returns would be available.

After conducting extensive research, our board decided to pursue a
consolidation plan in the Internet services sector. In January, 2000 we executed
a non binding letter of intent to acquire our first Internet services company.
However, we did not complete the acquisition because we were unable to raise the
necessary funds during an early 2000 market downturn in the Internet sector.

Since that time, we have not actively conducted significant operations.  Our
plan for fiscal 2001 is to resume active operations by taking some or all of the
following steps:

* Obtain active quotation for our common stock on the OTC Bulletin Board
* Raise the additional capital necessary to enable us to investigate and
  negotiate with additional acquisition targets
* Identify, conduct due diligence on, and acquire our first acquisition in a
  stock transaction


LIQUIDITY AND CAPITAL RESOURCES

The company has limited liquidity and capital resources.  The Company's
cash balances have decreased by $4,242 from the period ending December 2000.
The Company has almost no cash and has ceased active operations. To resume
active operations, the Company will need to raise additional cash, most
likely by selling more shares.  The Company will need capital to pay for the
costs of identifying, researching, negotiating with, and performing due
diligence on potential acquisition targets. The Company will also need to raise
significant additional funds and/or issue significant amounts of our securities,
to finance each of our acquisitions.  All of these capital requirements are


                                    10Q-9
likely to dilute the ownership of our current shareholders.  The Company may
not be able to raise the cash we need.

The Company relies on Barretto Pacific Corporation, a company wholly owned
by Landon Barretto the Principal Shareholder for executive, managerial and
administrative services.

The Company has a revolving loan arrangement with Mr. Barretto under which
he can borrow up to $125,000 at 7.75% per annum.  All amounts borrowed under
this arrangement are due and payable in full on June 30, 2002.  As of
June 30, 2001, a total of $88,931, including principal and interest, is
outstanding.  A portion of the loan principal has been reduced by $15,000 for
the period which comprises the value of services which were provided at no cost
by Barretto Pacific Corporation, a company wholly owned by Landon Barretto.

RESULTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 2001 COMPARED TO THREE MONTHS ENDED JUNE 30,2000

Our only revenue to date is for interest earned on cash and cash equivalent
balances and a note receivable from a director. From inception through
June 30, 2001, this totaled $97,602. Investment revenue decreased $2,644 from
$4,355 or, 61% from the corresponding prior year period. This decrease was
due to reduced cash and cash equivalent balances.

Total costs and expenses decreased for the three month period ending
June 30, 2001 from $148,790 to $37,877 or 74% from the corresponding prior
year period. This decrease was primarily due to reduced operating and
acquisition activities during the period.

Professional fees decreased for the three month period ending
June 30, 2001 from $44,020 to $6,055, or 86% from the corresponding prior year
period, primarily as a result of reduced due diligence activity with respect to
acquisitions.  Professional fees consist primarily of the fees we have paid
legal and accounting.

Office and miscellaneous decreased from $66,520 to $31,821 or 52% from
the corresponding prior year period due to a decrease in office expenses.
Management fees, which are included in office and miscellaneous expenses,
decreased for the three month period June 30, 2001 from $65,500 to nil, from the
corresponding prior year period primarily due to  a decrease in operations
during the period. Management fees are paid to Barretto Pacific Corporation, a
wholly owned company of Landon Barretto, for executive managerial, and
administrative services. These expenses consist primarily of the cost of travel,
entertainment, rent and utilities. General and administrative costs are expected
to increase to support our growth. Office and miscellaneous also includes
services valued at $15,304 provided from Barretto Pacific, a company wholly
owned by Landon Barretto. These services consist partly of the salary and
associated benefits of an employee from the period of January 1, 2001 to
June 30, 2001, whose services were also provided through a co-employment
agreement between the Company and Barretto Pacific Corporation.

The Company's cash and cash equivalents balances have decreased $4,242
from $4,761 to $519 in the period ending December 31, 2000 to $519 in the period
ending June 30, 2001.

                                     10Q-10
FUTURE OPERATING RESULTS

The Company's future operating results will be wholly dependent upon the
success of the investment and acquisition decisions that the Company will make.
As such, no assurance or accurate estimation can be given regarding such
operating results.


PART 11
OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS
                None

Item 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
                None

Item 3. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
                None

Item 4. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
                Previously reported

Item 5. REPORTS ON FORM 8-K AND EXHIBITS

(a) Reports on Form 8-K

None

(b) Exhibits

1)      Articles of Incorporation of the Company (Incorporated herein by
      reference to Form 10 as filed by the Company on December 15, 2000).
2)      Bylaws of the Company (Incorporated herein by reference to Form 10 as
      filed by the Company on December 15, 2000).
3)      Warrant Agreement between the Company and Savings and Retirement
      Services, LLC dated December 20, 1997 (Incorporated herein by reference
      to Form 10 as filed by the Company on December 15, 2000).
4)      Warrant Agreement between the Company and Landon Barretto dated
      March 17, 2000 (Incorporated herein by reference to Form 10 as filed by
      the Company on December 15, 2000).
5)      1999 Long-Term Stock Incentive Plan (Incorporated herein by reference to
      Form 10 as filed by the Company on December 15, 2000).
6)      Form of Certificate of Incorporation of the Company to be effective upon
      completion of planned reincorporation in Delaware (Incorporated herein by
      reference to Form 10 as filed by the Company on December 15, 2000).
7)    Form of Bylaws of the Company to be effective upon completion of planned
      reincorporation in Delaware (Incorporated herein by reference to Form 10
      as filed by the Company on December 15, 2000).







                                    10Q-11
SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                            GRIFFIN INDUSTRIES INC.

                By: /s/ Landon Barretto
                   ------------------------------------
                   Landon Barretto
                   President, Chief Executive Officer

Date: August 14, 2001










































                                    10Q-11