U.S. Securities and Exchange Commission
                      Washington D.C. 20549

                           Form 10-QSB

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

             For the Quarter Ended September 30, 2000

                                OR

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

                Commission file number 33-24138-D

            Imagenetix, Inc. fka Capital Growth, Inc.
   (name of small business issuer as specified in its charter)

                    Nevada                    87-0463772
    (State of other jurisdiction of         (I.R.S. employer
     incorporation or organization)        identification No.)


               16935 W. Bernardo Drive, Suite 101
                       San Diego, CA 92127
             (Address of principal executive offices)

   Registrant's telephone no., including area code: 858-674-8455

                55 West 200 North, Provo, UT 84601
              Former name, former address, and former
            fiscal year, if changed since last report.


   Securities registered pursuant to Section 12(b) of the
Exchange Act:     None

   Securities registered pursuant to Section 12(g) of the
Exchange Act:     None


   Check whether the Issuer (1) has filed all reports required to be
filed by
Section 13 or 15(d) of the  Exchange  Act during the  preceding 12
months (or
      for such shorter period that the registrant was required to file
such
reports), and (2) has been subject to such filing requirements for the
past 90
days. Yes   X  No___.

   Common Stock outstanding at November 8, 2000 - 1,725,000 shares of
$.001
par value Common Stock.

PART I -  FINANCIAL INFORMATION

   Item 1  Financial Statements

      The Consolidated Financial Statements of the Company required to
be
filed with this 10-QSB Quarterly Report were prepared by management and
reviewed by the Company's independent auditors, Tanner & Co., and are as
follows, together with related notes.  In the opinion of management, the
Consolidated Financial Statements fairly present the financial condition
of
the Company.
     Capital Growth, Inc.
                         [Development Stage Company]

                            CONDENSED BALANCE SHEETS
                                   [Unaudited]
<TABLE>
                                     ASSETS

                                   Sept.30, 2000  Dec.31, 1999
 <S>                                <C>                    <C>
CURRENT ASSETS:
     Cash                     $             7,859           $     5,229
       Total Current Assets                  7,859

TOTAL ASSETS                  $        7,859            $     5,229


                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                   Sept.30, 2000  Dec. 31,1999
CURRENT LIABILITIES:

    Accounts payable                $         3,278         $     2,846
    Payable to related party                12,000           2,000
         Total Current Liabilities          15,278               4,846


STOCKHOLDERS' EQUITY (DEFICIT):

    Common stock; authorized 50,000,000
      shares at $0.001 par value;                24,500              24,500
      $0.001 par value; 26,500,000
      shares issued and outstanding

     Additional paid-in Capital              86,602               87,602
     Deficit accumulated during the
       development stage                   (111,718)           (111,719)
          Total Stockholders' Equity       (6,803)                  383

TOTAL LIABILITIES & EQUITY            $       7,858             $  5,229

</TABLE>
The accompanying notes are an integral part of these financial
statements.
NOTE: The balance sheet at December 31, 1999 was taken from the
       audited financial statements at that date and condensed.
Capital Growth, Inc.
[Development Stage Companies]

CONDENSED STATEMENTS OF OPERATIONS
[Unaudited]
<TABLE>


                                       For the Three
                                          Months Ended
                                         September 30,
                                    2000          1999

<S>                                 <C>         <C>
REVENUE                            $    0     $    0
     Total Revenue                 $    0       $    0


EXPENSES
General and Administrative Expenses          $2,442     $1,492
Amortization of Organization Costs           -          -
    Total Expenses                      $2,442     $1,492

INCOME FROM OPERATION                        ($2,442)     ($1,492)

INCOME TAXES CURRENT                         0            0

NET INCOME/LOSS                              ($2,442)  ($1,492)


NET LOSS PER SHARE                      (.00)        (.00)

Weighted average shares
     -basic and diluted            13,875,000    2,408,000
</TABLE>

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

Capital Growth, Inc.
[Development Stage Companies]

CONDENSED STATEMENTS OF OPERATIONS
[Unaudited]


<TABLE>
                                     For the Nine
                                         Months Ended
                                         September 30,
                                   2000      1999

<S>                                 <C>       <C>
REVENUE                            $    0    $    0
     Total Revenue                 $    0      $    0


EXPENSES
General and Administrative Expenses          $6,803    $7,605
Amortization of Organization Costs           -
    Total Expenses                      $6,803    $7,605

INCOME FROM OPERATION                        ($6,803)    ($7,605)

INCOME TAXES CURRENT                         0          0

NET INCOME/LOSS                              ($6,803)  ($7,605)


NET LOSS PER SHARE                       (.00)        (.00)

Weighted average shares
     - basic and diluted           13,875,000    2,408,000
</TABLE>
The accompanying notes are an integral part of these financial
statements.

Capital Growth, Inc.
[Development Stage Company]

STATEMENTS OF CASH FLOWS

[Unaudited]

<TABLE>

                                   For the Nine        From
Inception
                                      Months Ended         On March 28,
1998
                                        Sept. 30,           Through
Sept. 30
                               2000          1999           2000
<S>                            <C>            <C>            <C>

Cash Flows to Operating Activities:
     Net income (loss)              $(6,803) $(7,605)
$(118,522)
     Adjustments to reconcile net
      income to net cash used by
      Operating activities:
       Amortization expense             -         -
2,136
       Increase in organization costs    -        -
(2,136)

     Changes in assets and liabilities
       Accounts payable        $ 10,433 $(33,004)
15,411

     Net Cash Flows to
       Operating Activities         $  3,630  (40,609)
(103,111)

Cash Flows to Investing Activities:
     Related Party Payable                 0      647
(10,132)

Cash Flows from (to) Financing
    Activities:
     Proceeds from common stock
     issuance                    10,000   44,000
159,000
     Costs of buying stock to   (11,000)           -
(37,898)
          return to treasury
          Net cash Flows from(to)
          Financing Activities        (1,000)            0
121,102

Net Increase (Decrease) in Cash         2,360        4,038
7,859

Cash at Beginning of Period        $   7,777      819
-

Cash at End of Period              $   7,859   $4,857       $
7,859
</TABLE>

<PAGE>
                                Capital Growth, Inc.
                          [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED & CONSOLIDATED
     FINANCIAL STATEMENTS

   NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

        Condensed Financial Statements - The accompanying financial
statements have been prepared  by the  Company  without  audit.  In the
opinion of management,   all adjustments  (which include only normal
recurring adjustments) necessary to present fairly the financial
position, results of operations and cash flows at September 30, 2000 and
1999, and for all periods presented have been made.

Certain information and footnote disclosures normally included in
financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted.  It is suggested
that these condensed financial statements be read in conjunction with
the financial statements and notes thereto included in the Company's
December 31, 1999, audited financial statements.  The  results of
operations for the period ended September 30, 2000 and 1999, are not
necessarily indicative of  the operation results for the full year.


   NOTE 2 - Going Concern

The accompanying financial statements of Capital Growth, Inc., have been
prepared on a going-concern basis, which contemplates profitable
operations and the satisfaction of liabilities in the normal course of
business.  There are uncertainties that raise substantial
doubt about the ability of the Company to continue as a going concern.
As shown in the statement of operations, the Company has had no revenues
from operations and has a stockholders' equity of $6,803 as of September
30, 2000.

The Company's continuation as a going concern is dependent upon its
ability to satisfactorily meet its debt obligations, secure adequate new
financing and generate sufficient cash flows from operations to meet it
obligations.  The financial statements do not include any adjustments
that might result from the outcome of these uncertainties.


   NOTE 3 -Common Stock

The Company issued 250,000 common shares in August 1998 for cash
consideration of $26,266.  During March of 1994, the Company issued
1,750,000 shares of common stock for $35,000 at a par value of $.001 per
share.  One hundred twenty-five thousand common shares were issued in
September 1995 for $2,500.  In August 1996, the Company issued 100,000
common shares for $2,000 cash and 175,000 common shares for $3,500 cash
in February 1997.  During December 1998, 100,000 common shares were
issued to private individuals for $2,000.  The Company reverse split its
common stock on a 1 for 20 basis in May 1999.  (All share amounts have
been retroactively restated herein to reflect the split.)
The Company then issued 22,000,000 common shares for cash
consideration of $44,000.  On March 16, 2000, the Company issued
2,000,000 common shares for cash consideration of $10,000.  On September
2000, the Company purchased those shares and retired them to the
treasury for $11,000.

   NOTE 4 - Related Party Transactions

At December 31, 1999, the Company owed a former officer $2,000 related
to cash advances made during the year ended December 31, 1998.  The
advances were non- interest bearing and had no specific repayment terms.
As of March 31,2000, the Company had settled all debts to the
individual.  In September 2000 an officer loaned the Company $12,000.
The note was non-interest bearing and had no specific repayment terms.

   NOTE 5 - Supplemental Cash Flow Information

The Company paid no interest during the period ending September 30,
2000.  No income taxes were paid during the periods ended September 30,
2000 and 1999, and since inception.


   NOTE 6 -Subsequent Events

The Company completed a stock for stock exchange with Imagenetix, Inc.
on October 26, 2000 as reported on Form 8-K dated October 31, 2000.  The
Company will file pro-forma financials within 75 days of the merger
date.

   ITEM 2.

Management's Discussion and Analysis of Financial Condition
                           And Results of Operations

Plan of Operation


As a result of the stock for stock exchange with Imagenetix, Inc. on
October 26,2000 the Company  plans to continue the business plan of
Imagenetix as detailed in the Form 8-K, dated October 31, 2000.

                       Liquidity and Capital Resources

        At September 30, 2000, the Company's assets consisted of cash in
the amounts of $7,859.  The Company has no other assets.


                            Results of Operations
   Three-month period and Six-month ended September 30, 2000 and
September 30, 1999.  For the three-month period ended September30, 2000,
the Company incurred nominal general and administrative expenses
totaling $2,442 for transfer fees, accounting and legal expenses
compared to $1,492 for the respective period of 1999 which was
primarily accounting & legal fees. For the nine-month period ended
September 30,2000, the Company incurred accounting and legal expenses
totaling $6,803 compared to $7,605 for the respective period of 1999.
The Company's only operations to date have been the preliminary
investigation of potential business ventures.

ART II - OTHER INFORMATION

   ITEM I    Legal Proceedings

             None.

   ITEM 2    Change in Securities

             None.

   ITEM 3    Defaults on Senior Securities

             None.

   ITEM 4    Submission on Matters to a Vote of Security Holders

             None.

   ITEM 5    Other Information


   ITEM 6    Exhibits and Reports on Form 8-K

            (A)  Exhibits

                   None.


           (B)  Reports on Form 8-K;

                  March 23, 2000                Filed Herewith by
Reference
                  October 31, 2000              Filed Herewith by
Reference

                                                      SIGNATURES

Pursuant to the requirements of the Securities  Exchange Act of 1934,
the registrant  has duly caused  this report to be signed on its behalf
by the undersigned, hereunto duly authorized.

                                 Imagenetix, Inc.

   Date: 11/08/00                By /s/ William Spencer
                                 William Spencer
                                 President and Chief
                           Executive Officer: