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

                                  FORM 10-QSB/A
                                   Amendment 1


[X]     QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934  for  the  quarterly  period  ended  June  30,  2001

[  ]     TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934  for  the  transition  period  from  _______  to  _______


                              NATIONAL BEAUTY CORP
                              --------------------
        (Exact name of small business issuer as specified in its charter)

                            BEAUTYMERCHANT.COM, INC.
                            ------------------------
                           (Former name of registrant)

          Nevada                                   13-3422912
     -----------                                   ----------
(State  or  other  jurisdiction  of                         (IRS  Employer
identification  No.)
incorporation  or  organization)


             4818 W. Commercial Blvd., Ft. Lauderdale, Florida 33319
             -------------------------------------------------------
                    (Address of principal executive offices)

                                 (954) 717-8680
                                 --------------
                           (Issuer's telephone number)



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

Number  of  shares  of  common  stock  outstanding  as  of
August  14,  2001:  72,361










                              INDEX TO FORM 10-QSB
                              --------------------

                                                       Page  No.
                                                       ---------
PART  I
-------

Item  1.     Financial  Statements
     Consolidated  Balance  Sheets  -  June  30,  2001  and  December  31,  2000
3

     Consolidated  Statements  of  Income  -  Three  and  Six  Months
Ended  June  30,  2001  and  2000                                   4

Consolidated  Statements of Cash Flows - Six Months Ended June 30, 2001 and 2000
5

Notes  to  Consolidated  Financial  Statements                              6-7

Item  2.     Management's  Discussion  and  Analysis  of  Financial  Condition
     And  Results  of  Operations                                        8-12

PART  II
--------

Item  2.     Changes  in  Securities                                        13




































<TABLE>
<CAPTION>


                       NATIONAL BEAUTY CORP & SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                    AS OF JUNE 30, 2001 AND DECEMBER 31, 2000


                               (Unaudited)
ASSETS                        June 30, 2001    Dec. 31, 2000
---------------------------

<S>                          <C>              <C>

CURRENT ASSETS:
---------------------------
Cash and cash equivalents .  $       23,354   $       56,191
Accounts receivable . . . .           1,929            1,684
Marketable securities . . .          12,592           68,000
Inventory . . . . . . . . .           4,087            3,564
Shareholder loan receivable           1,879            7,892
Prepaid expenses. . . . . .             370              -0-
TOTAL CURRENT ASSETS. . . .          44,211          137,331
                             ---------------  ---------------

FIXED ASSETS
---------------------------
Furniture and fixtures. . .          21,616            6,521
Leasehold improvements. . .           3,500            2,000
Equipment . . . . . . . . .          34,985           32,185
Accumulated depreciation. .         (34,236)         (32,344)
NET FIXED ASSETS. . . . . .          25,865            8,362
                             ---------------  ---------------

OTHER ASSETS:
---------------------------
Deposits. . . . . . . . . .           7,800            3,700
TOTAL OTHER ASSETS. . . . .           7,800            3,700
                             ---------------  ---------------

TOTAL ASSETS. . . . . . . .  $       77,876   $      149,393
</TABLE>













                 See accompanying notes to financial statements

<TABLE>
<CAPTION>


                                  NATIONAL BEAUTY CORP & SUBSIDIARIES
                                CONSOLIDATED BALANCE SHEETS (CONTINUED)
                               AS OF JUNE 30, 2001 AND DECEMBER 31, 2000


                                                                         (Unaudited)
LIABILITIES AND STOCKHOLDERS' EQUITY                                    June 30, 2001    Dec. 31, 2000
---------------------------------------------------------------------

<S>                                                                    <C>              <C>

CURRENT LIABILITIES
---------------------------------------------------------------------
Accounts payable and accrued expenses . . . . . . . . . . . . . . . .  $        2,230   $        2,230
Note payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . .           8,400              -0-
Current portion of capitalized lease obligation . . . . . . . . . . .           1,712            1,862
TOTAL CURRENT LIABILITIES . . . . . . . . . . . . . . . . . . . . . .          12,342            4,092

LONG-TERM DEBT
---------------------------------------------------------------------
Capitalized lease obligation. . . . . . . . . . . . . . . . . . . . .           1,665            2,765

STOCKHOLDERS' EQUITY
---------------------------------------------------------------------
Common stock ($.001 par value, 100,000,000 shares authorized; 72,361
and 58,425 issued and outstanding at June 30, 2001 and December 31,
2000, respectively) . . . . . . . . . . . . . . . . . . . . . . . . .              72               58
Convertible preferred stock ($.001 par value; 50,000,000 shares
authorized, 1,000,000 shares issued and outstanding). . . . . . . . .           1,000            1,000
Additional paid in capital. . . . . . . . . . . . . . . . . . . . . .       1,186,995        1,168,764
Retained deficit. . . . . . . . . . . . . . . . . . . . . . . . . . .      (1,124,198)      (1,027,286)
TOTAL STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . . . . . . . .          63,869          142,536
                                                                       ---------------  ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY. . . . . . . . . . . . . .  $       77,876   $      149,393
</TABLE>
















                 See accompanying notes to financial statements

<TABLE>
<CAPTION>


                         NATIONAL BEAUTY CORP & SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
              FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2001 AND 2000


              Three Months Ended June 30,          Six Months Ended June 30,

                                         2001        2000        2001        2000
                                                              ----------  ----------
<S>                                    <C>        <C>         <C>         <C>

REVENUES:
-------------------------------------
Sales . . . . . . . . . . . . . . . .  $103,028   $  91,515   $ 190,315   $ 199,155
Cost of sales . . . . . . . . . . . .   (66,218)    (63,557)   (126,949)   (128,037)
GROSS PROFIT. . . . . . . . . . . . .    36,810      27,958      63,366      71,118
                                       ---------  ----------  ----------  ----------

EXPENSES:
-------------------------------------
Selling, general and administrative .    62,132     229,781     104,350     469,525
TOTAL EXPENSES. . . . . . . . . . . .    62,132     229,781     104,350     469,525
                                       ---------  ----------  ----------

OPERATING LOSS. . . . . . . . . . . .  $(25,322)  $(201,823)  $ (40,984)  $(398,407)

OTHER INCOME (EXPENSE):
-------------------------------------
Unrealized loss on trading securities   (25,908)        -0-     (55,408)        -0-
Interest expense. . . . . . . . . . .      (260)       (260)       (520)       (520)

NET INCOME. . . . . . . . . . . . . .  $(51,490)  $(202,083)  $ (96,912)  $(398,927)

  Net income per share -
  basic and fully diluted . . . . . .  $  (0.76)  $   (3.07)  $   (1.53)  $   (6.07)
  Weighted average shares*. . . . . .    67,824      65,810      63,287      65,675
                                       =========  ==========  ==========  ==========
</TABLE>



*Includes  retroactive  adjustment  for  1  for 200 reverse stock split effected
during  2001
**  Less  than  $.01












                 See accompanying notes to financial statements


<TABLE>
<CAPTION>


                                 NATIONAL BEAUTY CORP & SUBSIDIARIES
                          CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                           FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000


                                                                                 2001        2000
<S>                                                                            <C>        <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
-----------------------------------------------------------------------------
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $(96,912)  $(398,927)
Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     1,892       1,900
Common stock issued for services. . . . . . . . . . . . . . . . . . . . . . .    18,245     103,818
Unrealized loss on trading securities . . . . . . . . . . . . . . . . . . . .    55,408         -0-
(Increase) decrease in operating assets:
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      (245)     (1,200)
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      (523)       (445)
Prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      (370)    174,711
Deposits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    (4,100)        -0-
Increase (decrease) in accounts payable and accrued expenses. . . . . . . . .       -0-        (400)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES . . . . . . . . . . . . .   (26,605)   (120,543)
                                                                               ---------  ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
-----------------------------------------------------------------------------
Expenditures for leaseholds and equipment . . . . . . . . . . . . . . . . . .    (4,395)     (1,566)
NET CASH USED IN INVESTING ACTIVITIES . . . . . . . . . . . . . . . . . . . .    (4,395)     (1,566)
                                                                                          ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
-----------------------------------------------------------------------------
Common stock issuances. . . . . . . . . . . . . . . . . . . . . . . . . . . .       -0-     151,230
Repayment of shareholder loan receivable. . . . . . . . . . . . . . . . . . .     6,013         -0-
Principal repayments of note payable. . . . . . . . . . . . . . . . . . . . .    (6,600)
Principal repayments under capitalized lease. . . . . . . . . . . . . . . . .    (1,250)     (1,250)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES. . . . . . . . . . . . . . .    (1,837)    149,980

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS. . . . . . . . . . . . .   (32,837)     27,871

CASH AND CASH EQUIVALENTS,
BEGINNING OF THE YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . .    56,191     111,428

END OF THE PERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 23,354   $ 139,299

SUPPLEMENTARY CASH FLOW INFORMATION OF NON-CASH FINANCING:
-----------------------------------------------------------------------------
Common stock issued for services. . . . . . . . . . . . . . . . . . . . . . .  $ 18,245   $  15,468
Assumption of note payable in connection with assets acquisition. . . . . . .  $ 15,000   $  15,000
                                                                               =========  ==========
</TABLE>






                 See accompanying notes to financial statements

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                       NATIONAL BEAUTY CORP & SUBSIDIARIES
                            June 30, 2001 (UNAUDITED)

ITEM  1.
--------

NOTE  1  -  BASIS  OF  PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and  pursuant  to  the  rules  and  regulations  of  the
Securities  and Exchange Commission. Accordingly, they do not include all of the
information  and  footnotes required by generally accepted accounting principles
for  complete  financial  statements.

In  the  opinion  of  management, the unaudited condensed consolidated financial
statements  contain all adjustments consisting only of normal recurring accruals
considered  necessary to present fairly the Company's financial position at June
30,  2001,  the  results of operations for the three and six month periods ended
June  30,  2001  and 2000, and cash flows for the six months ended June 30, 2001
and  2000.  The  results for the period ended June 30, 2001, are not necessarily
indicative  of  the  results  to  be  expected for the entire fiscal year ending
December  31,  2001.

NOTE  2  -  EARNINGS  (LOSS)  PER  SHARE

The  following  represents  the  calculation  of  earnings  (loss)  per  share

<TABLE>
<CAPTION>


                                     Three               Three            Six              Six
                                     Months Ended        Months Ended     Months Ended     Months Ended
BASIC & FULLY DILUTED*               June 30, 2001       June 30, 2000    June 30, 2001    June 30, 2001
--------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>              <C>              <C>
Net Loss. . . . . . . . . . . .  $         (51,490)      $    (202,083)   $      (96,912)  $     (398,927)

Less- preferred stock dividends                 -0-                 -0-               -0-              -0-
                                 ------------------------------------------------------------------------

Net Loss. . . . . . . . . . . .  $          (51,490)     $    (202,083)   $      (96,912)  $     (398,927)
Weighted average number
of common shares**. . . . . . .              67,824             65,810            63,287           65,675
                                 -------------------------------------------------------------------------

Basic & Fully Diluted*
loss per share. . . . . . . . .  $             (.76)     $      (3.07)    $        (1.53)  $        (6.07)
                                 ===================     ===============  ================  ===============


</TABLE>


*  The  Company  had  no  common stock equivalents during the periods presented.
**  Includes  retroactive  adjustment  for  1  for  200  reverse  stock  split.


NOTE  3  -  OPERATING  LEASE

In  May  2001,  the  Company  assumed  a  non-cancelable  operating  lease  for
approximately 1100 square feet of retail space in Boca Raton, Florida, which was
leased  by  Beautyworks  U.S.A., Inc. for $3,016 per month. The lease expires in
June  30,  2004  and  has  an  option  for  an  additional  five-year  tenancy.

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION
--------

In  connection  with  the  Safe  harbor  Provisions  of  the  Private Securities
Litigation  Reform Act of 1995 (the "Reform Act"), National Beauty Corp, Inc. is
hereby  providing cautionary statements identifying important factors that could
cause  the Company's actual results to differ materially from those projected in
forward  looking  statements (as such term is defined in the Reform Act) made in
this  quarterly  Report  on Form 10-QSB. Any statements that express, or involve
discussions  as  to,  expectations,  beliefs,  plans, objectives, assumptions or
future events or performance (often, but not always, through the use of words or
phrases  such  as  "likely will result," "are expected to," "will continue," "is
anticipated,"  "estimated,"  "intends,"  "plans"  and  "projection")  are  not
historical facts and may be forward looking statements and involve estimates and
uncertainties  which  could cause actual results to differ materially from those
expresses  in  the  forward looking statements. Accordingly, any such statements
are  qualified  in  their  entirety by reference to, and are accompanied by, the
following  key  factors  that  have a direct bearing on the Company's results of
operations:  the absence of contracts with customers or suppliers; the Company's
ability  to maintain and develop relationships with customers and suppliers; the
Company's  ability  to  successfully integrate acquired businesses or new brands
into  the  Company;  the  impact  of  competitive  products  and pricing; supply
constraints  or  difficulties;  changes in the retail and beauty industries; the
retention  and  availability of key personnel; and general economic and business
conditions.

The  Company  cautions  that  the  factors  described  herein could cause actual
results  to  differ  materially  from  those  expressed  in  any forward-looking
statements of the Company and that the investors should not place undue reliance
on  any  such forward-looking statements. Further, any forward-looking statement
speaks  only  as  of  the  date on which such statement is made, and the Company
undertakes  no  obligation  to  update  any forward-looking statement to reflect
events  or  circumstances  after  the date on which such statement is made or to
reflect  the  occurrence  of  unanticipated  events  or  circumstances.

New  factors emerge from time to time, and it is not possible for the Company to
predict  all such factors. Further, the Company cannot assess the impact of each
such  factor  on  the Company's results of operations or the extent to which any
factor, or combination of factors, may cause actual results to differ materially
from  those  contained  in  any  forward-looking  statements.

General  Description  of  Business
----------------------------------

National  Beauty  Corp  (The  'Company')  is comprised of its three wholly owned
subsidiaries:  BeautyWorks  U.S.A.,  Inc.;  BeautyMerchant,  Inc.;  and Cleaning
Express  U.S.A.,  Inc.  The  Company's objective is to enhance and further brand
itself  as:  (a)  a  shopping  destination  for  beauty products, fragrances and
accessories;  (b)  a beauty services provider. Through the collective efforts of
its  subsidiaries,  the  Company  seeks  to:
-     Build  its  customer base as a one-stop provider for discounted name-brand
beauty  products  and  cosmetics;
-     Enhance  its  brand  name  reputation  of offering convenient, competitive
pricing  and  participation  in  special  promotions;
-     Expand  its  business  concept by acquiring beauty salons with established
customer  bases  ;

We  plan  to  accomplish  the  foregoing  by:
     Billboard,  radio,  television  and  newspaper  advertising;
     Free  product  samples  of  ALISHA  hair  products;
     Strong  cross-marketing  with  BeautyMerchant.com;
     Attempting  to  acquire  existing  beauty  service  salons  by August 2002;
     Seeking  to  enter  into  marketing relationships with National advertising
agencies  to  establish  concept  branding  strategies;
     Attempting  to market its concept, "We Sell Beauty for Less", on a national
basis.

Products  and  Geographic  Expansion

The  Company  intends  to  expand  its service businesses in the Florida area by
opening  approximately  1  additional  retail  storefronts under its BeautyWorks
U.S.A.  name  during  2001.  The  Company  is  also exploring the possibility of
opening up approximately 1 additional BeautyWorks U.S.A. store in the Las Vegas,
Nevada  during 2001. The Company began its retail sales operations in early 2000
and  will  attempt  to  expand  product  sales  on  a  continual  basis.

Additional  Risk  Factor

National  Beauty  Corp, a Nevada corporation, has a limited operating history in
its operations, which began in the first quarter of 2000.  Accordingly, you have
little  or  no  information upon which to evaluate National Beauty Corp's future
business, prospects, and revenues. In addition, as a new sales company, National
Beauty Corp faces intense competition. In addition, there are no assurances that
National  Beauty  Corp.  will be successful in overcoming the following changes:
-     Whether  it  will  be  able  to  retain  existing customers or attract new
customers;
-     Whether  it  will  be  able  to  respond  to  changing  customer  demands;
-     Whether  it  will  have  adequate systems in place to fulfill all customer
orders;
-     Whether  it  will be able to acquire additional sources for merchandise at
discounted  prices;
-     Whether  it  will  maintain  and  increase  sufficient  website  traffic;
-     Whether  we  will  be  able  to  increase  our  Internet  exposure  on
BeautyMerchant.com.;
-     Whether we will effectively monitor our competition and develop strategies
to  be  competitive;
-     Whether we will successfully locate and acquire existing beauty operations
for  BeautyWorks  U.S.A.

The  principal  suppliers  to  National  Beauty  Corp  are non-retail  wholesale
distributors.

The  Company  plans to add at least 2 employees during the next 12 months to its
retail  operations.  If  the  Company  acquires  any beauty salons with existing
operations  additional  staff will be added to operate these businesses relative
to  the  size  of  the operation; however, at this time the Company is unable to
determine  how many additional employees will be required. New employees will be
managed  by  the  three  employees  that  are  presently  on  staff.

Recent  Acquisition

During  the  second  quarter  of 2001, the Company acquired a full service salon
located  in  Boca  Raton,  Florida.  This  beauty  salon  currently  employs
approximately  nine  workers and offers hair, nails and skin treatments to local
customers.  This  is  the  Company's  first  acquisition  in  its  recent  salon
'roll-up'  strategy.  The  Company plans to acquire two additional salons during
the  year  2001;  however, there are no assurances that it will be successful in
these  plans.

Additional  Financing

The  Company  may  need  to  raise  additional  funds  to  meet future operating
requirements.  If the Company raises additional funds through issuance of equity
or  debt  securities,  such  securities  may have rights to the Company's common
stock,  such  as  warrants  or options. In addition, shareholders may experience
additional  dilution  from issuance and exercise of equity or debt securities or
warrants  or  options.  There are no assurances that the Company will be able to
obtain  additional  financing  or that additional financing will be available at
all.

Cleaning  Express  USA.Cleaning  Express  USA.  The Company's operations include
home  cleaning  services  that  emphasize budget pricing.  The Company currently
operates  one  Cleaning  Express  USA  office in Tamarac, Florida and dispatches
40-50  workers in teams of two workers on a daily basis.  The present geographic
area  in  which  the  Company  operates include the Broward and South Palm Beach
County  areas  of  South  Florida.

Marketing  for  the  Company's home cleaning services include print advertising,
television  and radio commercials, and a referral program that rewards customers
with  future  discounts  for  client  referrals.

The home cleaning industry is highly competitive with respect to price, service,
quality  and location.  There are numerous, well-established, larger competitors
in  the  home  cleaning  industry  possessing  substantially  greater financial,
marketing,  personnel  and  other  resources  than the Company.  There can be no
assurance  that  the  Company  will  be  able  to respond to various competitive
factors  affecting  the  business.  The Company will attempt to compete with its
home  cleaning  industry competitors by offering quality service at a low price.
The  Company  plans to further expand in South Florida by continuing its current
marketing  strategy.

The primary market for Cleaning Express USA is individual households.  No single
customer  now makes up or is expected in future to make up more than ten percent
of  the  total  revenues of Cleaning Express USA. Cleaning Express USA has three
full time employees and contracts with 40-50 workers that are each independently
contracted  with  this  Company to service and provide home cleaning services to
existing  and  new  customers.

BeautyMerchant.com,  Inc.Beautymax.com,  Inc.  The  Company,  through its wholly
owned  subsidiary  BeautyMerchant.com,  Inc., a Florida corporation, developed a
retail  cosmetic  and  beauty  product  e-commerce  Internet  site,
BeautyMerchant.com.  This  website  was  developed  under  the  guidance  of the
Company's  Chief  Executive  Officer,  Mr.  Ed  Roth, who serves as a management
consultant  for  beauty  salons and is familiar with retail cosmetics, hair, and
skin products through attending various trade shows and studying consumer trends
pertaining  to  these  products.  The site is designed to create a marketing and
distribution  area  for  cosmetic,  hair,  nail and skin care and general beauty
lines  on  a  discounted  basis.

BeautyMerchant.com,  Inc. sells and distributes popular cosmetic, fragrances and
beauty  products, primarily to females in the 18-40 age bracket. Additionally, a
department  will  be  developed that focuses on the cosmetic and beauty needs of
individuals  from  a  variety  of  ethnic  backgrounds and skin color. Products,
development  and  resources in this area will be focused on filling the needs of
the  African-American  community  with  further  expansion  to additional ethnic
groups  planned  for  the  future.

BeautyWorks  U.S.A.,  Inc.  The  Company announced that it expanded its business
into  a  prototype  store  offering  beauty  retailing  and beauty services hair
styling,  and nail services at affordable pricing. The Company plans to open two
retail  'brick  and  mortar' stores in the South Florida area. During the second
quarter  of  2001, the first retail store was officially opened and is presently
servicing  South  Florida  customers.

BeautyWorks  U.S.A  plans  to  rollup  existing  beauty stores and 'mom and pop'
salons  and  add  state of the art design and retail display areas featuring our
own  private  label  products  as  well  as  designer fragrances and perfumes at
discount  prices.

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

Net  Income

The Company had a net loss of $(51,490), or $.76 per common share, for the three
months  ended  June  30, 2001, versus a net loss of $(202,083), or $3.07 for the
same  period  ended  June  30, 2000. The Company had a net loss of $(96,912), or
$1.53  per  common  share,  for the six months ended June 30, 2001, versus a net
loss  of $(398,927), or $6.07 for the same period ended June 30, 2000.The change
in  net loss for both periods were primarily due to a decrease in administrative
expenses  relating  to  the  operation  and  marketing of the BeautyMerchant.com
online  superstore.

Sales

Revenues  increased  $11,513  or 13% to $103,028 for the three months ended June
30,  2001  as  compared  with  $91,515 for the three months ended June 30, 2000.
Revenues decreased $8,840 or 4% to $190,315 during the six months ended June 30,
2001  as  compared  with $199,155 in the comparable period in 2000. The decrease
was primarily due to reducing advertising efforts to focus on managing expenses.
Average  selling  prices  and  gross  margins  remained  fairly  constant.

Expenses

Selling,  General,  and  Administrative expenses for the three months ended June
30,  2001  decreased  $167,649  to  $62,132.  In comparison with the three-month
period ended June 30, 2000, web development, advertising, professional expenses,
and  payroll  decreased $19,891, $41,501, $28,205, and 142,010, respectively due
to  the  Company's  plan to manage expenses and grow efficiently.  This included
primarily  reducing  personnel  and  advertising.

Liquidity  and  Capital  Resources

On  June  30,  2001,  the  Company  had  cash  of $23,354 and working capital of
$31,869.  This compares with cash of $133,299 and working capital of $218,040 at
June 30, 2000. The decrease in working capital was due to a decrease in cash and
prepaid  expenses,  and  an  increase  in  notes  payable.

Net  cash used in operating activities was $26,605 for the six months ended June
30,  2001 as compared with net cash used in operating activities of $120,543 for
the  period  ended  June  30,  2000.  The  decrease  in  cash used was primarily
attributable  to  a  decrease  in  net  loss  for  the  period.


Net  cash  used in investing activities was $4,395 for the six months ended June
30,  2001  as  compared with cash used in investing activities of $1,566 for the
period  ended  June  30, 2000. Net cash used in investing activities during both
periods  were  from  fixed  asset  purchases  during  the  period.

Net  cash  used  in financing activities totaled $1,837 for the six months ended
June  30,  2001  as  compared  with net cash provided by financing activities of
$149,980  for  the  six  months  ended  June  30, 2000. The decrease in net cash
provided  by  financing  activities  was  primarily  due  to  the  collection of
subscribed  common  stock  during  2000.

PART  II.  OTHER  INFORMATION

Item  1.  Legal  Proceedings.

None
Item  2.  Changes  in  Securities.
On  July  30,  2001,  we reverse split our common stock at a ratio of 200 for 1.
This  reverse  stock split was approved by our Board of Directors and a majority
of  our  shareholders.  Prior  to the reverse split, we had 14,472,200 shares of
common  stock  outstanding.  After  the  reverse  split, we had 72,361 shares of
common  stock  outstanding.
This  reverse  stock split did not affect our authorized shares or the par value
of our shares. We are authorized to issue 100,000,000 shares of common stock and
50,000,000  shares  of  preferred  stock.
On  August  15,  2001,  Ed  Roth, our president and a director, converted 25,000
shares of preferred stock into 250,000 shares of common stock.  Alisha Roth, our
vice  president  and a director, converted 25,000 shares of preferred stock into
250,000  shares  of  common.  After the conversion of these preferred shares, we
had  572,361  shares  of  our common stock outstanding. Ed Roth is the holder of
475,000  shares  of  preferred  stock  which  has not been converted into common
stock;  Alisha Roth is the holder of 475,000 shares of preferred stock which has
not  been  converted into common stock.  Each share of these preferred shares is
convertible  into ten shares of common stock or an aggregate of 9,500,000 shares
of  common  stock  upon  conversion.
Item  3.  Defaults  upon  Senior  Securities
None
Item  4.  Submission  of  Matters  to  a  vote  of  Security  Holders.

On  July  15,  2001, our shareholders voted to approved a reverse stock split of
our  common stock. at a ratio of 200 to 1. This approval of our shareholders was
given  by  the  written  consent of the holders of 57% of our outstanding common
stock.

Item  5.  Other  Information

None

Item  6.

None


                                   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,  thereunto  duly  authorized.

                                   NATIONAL  BEAUTY  CORP,  INC.
                                        (Registrant)



Date:  August  15,  2001                /S/Michael  J.  Bongiovanni
                                        ---------------------------
                                        /S/Michael  J.  Bongiovanni
                                        Chief  Financial  Officer