**HEAVENLY HOT DOGS, INC.**

**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 quarterly period ended: September 30, 2002

(  ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934               For the transition period from           to

Commission File number: **33-1773NY**

**HEAVENLY HOT DOGS, INC.**

(Exact name of registrant as specified in charter)

|**Nevada**                                                   | **87-0674571**            
|------------------------------------------------------------ | --------------------------
|State or other jurisdiction of incorporation or organization | (I.R.S. Employer I.D. No.)

**2469 East 7000 South, Suite 214, Salt Lake City, UT 84121**

(Address of principal executive offices)              (Zip Code)

4685 S. Highland Dr., Suite 202, Salt Lake City, UT 84117

(Former address if changed since last report)

Issuer's telephone number, including area code:  **801 274-1011**

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.       (1) Yes [X]   No [ ]        (2)  Yes [X]    No [  ]

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

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under a plan confirmed by a court.       Yes [ ] No [ ]

(APPLICABLE ONLY TO CORPORATE REGISTRANTS)

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

Class                                   Outstanding as of September 30, 2002

Common Stock, $0.001                                      3,749,350

Transitional Small Business Format: Yes [ ] No [X]

Documents incorporated by reference: None

FORWARD-LOOKING INFORMATION

THIS FORM 10QSB AND OTHER STATEMENTS ISSUED OR MADE FROM  TIME TO TIME BY THE COMPANY
OR ITS REPRESENTATIVES CONTAIN  STATEMENTS WHICH MAY CONSTITUTE "FORWARD-LOOKING
STATEMENTS" WITHIN THE MEANING OF THE SECURITIES ACT OF 1933 AND THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED BY THE PRIVATE SECURITIES LITIGATION REFORM  ACT OF
1995, 15 U.S.C.A. SECTIONS 77Z-2 AND 78U-5. THOSE STATEMENTS INCLUDE STATEMENTS REGARDING
THE INTENT, BELIEF OR CURRENT  EXPECTATIONS  OF THE COMPANY AND MEMBERS OF ITS
MANAGEMENT TEAM AS WELL AS THE ASSUMPTIONS ON WHICH SUCH STATEMENTS ARE BASED.

PROSPECTIVE INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING STATEMENTS ARE
NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, AND THAT
ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH
FORWARD-LOOKING STATEMENTS. IMPORTANT FACTORS CURRENTLY KNOWN TO MANAGEMENT
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM  THOSE IN FORWARD- LOOKING
STATEMENTS ARE SET FORTH HEREIN.  THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR
REVISE FORWARD-LOOKING STATEMENTS TO REFLECT CHANGED ASSUMPTIONS, THE OCCURRENCE
OF UNANTICIPATED EVENTS OR CHANGES TO  FUTURE OPERATING RESULTS OVER TIME.

**PART I - FINANCIAL INFORMATION**

**ITEM 1.  FINANCIAL STATEMENTS**

The accompanying balance sheets of Heavenly Hot Dogs, Inc. at September 30, 2002 and December 31, 2001, and the
statements of operations for the three and nine month periods ended September 30, 2002 and 2001, and the cash flows for
the nine months ended September 30, 2002 and 2001, have been prepared by the Company's management and they include
all information and notes to the financial statements necessary for a complete presentation of the financial position, results
of operations, and cash flows in conformity with generally accepted accounting principles. In the opinion of management,
all adjustments considered necessary for a fair presentation of the results of operations and financial position have been
included and all such adjustments are of a normal recurring nature.

Operating results for the quarter ended September 30, 2002 are not necessarily indicative of the results that can be expected
for the year ending December 31, 2002.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER 30, 2002**

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**CONTENTS**

****PAGE**Unaudited Condensed Consolidated Balance Sheets,
September 30, 2002 and December 31, 2001
2Unaudited Condensed Consolidated Statements of
Operations, for the three and nine months ended September
30, 2002  and 2001
3Unaudited Condensed Consolidated Statements of Cash
Flows, for the nine months ended September 30, 2002 and
2001
4 - 5Notes to Unaudited Condensed Consolidated Financial
Statements
6 - 12**

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                | September 30, | December 31,
|------------------------------------------------------------------------------------------------------------------------------- | ------------- | ------------
|**ASSETS**                                                                                                                      | 2002          | 2001        
|**CURRENT ASSETS:**                                                                                                             |               |             
|Cash                                                                                                                            | $ -           | $ -         
|Inventory                                                                                                                       | 1,000         | -           
|                                                                                                                                | ___________   | ___________ 
|Total Current Assets                                                                                                            | 1,000         | -           
|**PROPERTY AND EQUIPMENT**,
Net                                                                                                 | 21,176        | -           
|**DEPOSITS**                                                                                                                    | 2,670         | -           
|                                                                                                                                | ___________   | ___________ 
|                                                                                                                                | $ 24,846      | $ -         
|                                                                                                                                | ==========    | ==========  
|**LIABILITIES AND
STOCKHOLDERS' EQUITY
(DEFICIT)**                                                                              |               |             
|**CURRENT LIABILITIES:**                                                                                                        |               |             
|Bank overdraft                                                                                                                  | $ 14,514      | $ -         
|Accounts payable                                                                                                                | 11,342        | 1,900       
|Advances from related parties                                                                                                   | 37,976        | 10,246      
|Current portion of long term debt                                                                                               | 11,963        | -           
|                                                                                                                                | ___________   | ___________ 
|Total Current Liabilities                                                                                                       | 75,795        | 12,146      
|**LONG TERM DEBT**, less current
portion****                                                                                    | 6,209         | -           
|**COMMITMENTS AND
CONTINGENCIES [NOTE 6]**                                                                                      | -             | -           
|                                                                                                                                | ___________   | ___________ 
|Total Liabilities                                                                                                               | 82,004        | 12,146      
|                                                                                                                                | ___________   | ___________ 
|**STOCKHOLDERS' EQUITY
(DEFICIT):**                                                                                             |               |             
|Common stock, 750,000,000 shares
authorized, $.001 par value, 3,749,350
and 749,350 shares issued and
outstanding, respectively | 3,749         | 749         
|Capital in excess of par value                                                                                                  | (41,190)      | 2,207,466   
|Retained earning (deficit)                                                                                                      | (19,717)      | (2,166,215) 
|Deficit accumulated during
development stage                                                                                    | -             | (54,146)    
|                                                                                                                                | ___________   | ___________ 
|Total Stockholders' Equity (Deficit)                                                                                            | (57,158)      | (12,146)    
|                                                                                                                                | ___________   | ___________ 
|****                                                                                                                            | $ 24,846      | $ -         
|                                                                                                                                | ==========    | ==========  

Note: The Balance Sheet as of December 31, 2001, was taken from the audited financial statements at that date and
condensed.

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

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**



|                                      | **For the Three Months Ended September 30,** | **For the Nine Months Ended September 30,**
|------------------------------------- | -------------------------------------------- | -------------------------------------------
|                                      | **2002**                                     | **2001**                                   
|**REVENUE**                           | $ 36,470                                     | $ -                                        
|**COST OF GOODS
SOLD**                | 14,198                                       | -                                          
|                                      | ___________                                  | ___________                                
|**GROSS PROFIT**                      | 22,272                                       | -                                          
|                                      | ___________                                  | ___________                                
|**EXPENSES:**                         |                                              |                                            
|General and
administrative            | 41,738                                       | 3,568                                      
|                                      | ___________                                  | ___________                                
|**LOSS FROM
OPERATIONS**              | (19,466)                                     | (3,568)                                    
|                                      | ___________                                  | ___________                                
|**OTHER EXPENSE:**                    |                                              |                                            
|****Interest expense   -   -          | (251)                                        | -                                          
|                                      | ___________                                  | ___________                                
|**INCOME (LOSS)
BEFORE INCOME
TAXES** | (19,717)                                     | (3,568)                                    
|**CURRENT INCOME
TAXES**              | -                                            | -                                          
|**DEFERRED
INCOME TAXES**             | -                                            | -                                          
|                                      | ___________                                  | ___________                                
|**NET LOSS**                          | (19,717)                                     | (3,568)                                    
|                                      | ___________                                  | ___________                                
|**LOSS PER SHARE**                    | $ (.01)                                      | $ (.00)                                    
|                                      | ==========                                   | ==========                                 

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

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**



|                                                                            | **For the Nine Months Ended September 30,**
|--------------------------------------------------------------------------- | -------------------------------------------
|                                                                            | **2002**                                   
|**Cash Flows From Operating
Activities:**                                   |                                            
|****Net loss                                                                | $ (19,717)                                 
|Adjustments to reconcile net loss to net
cash used by operating activities: |                                            
|Depreciation                                                                | 1,134                                      
|Non-cash stock used for services
rendered                                   | -                                          
|Changes in assets and liabilities:                                          |                                            
|(Increase) in inventory                                                     | (1,000)                                    
|(Increase) in other assets                                                  | (1,420)                                    
|Increase (decrease) in accounts
payable                                     | 4,812                                      
|                                                                            | ___________                                
|Net Cash (Used) by Operating
Activities                                     | (16,191)                                   
|                                                                            | ___________                                
|**Cash Flows From Investing Activities**                                    | -                                          
|                                                                            | ___________                                
|Net Cash (Used) by Investing
Activities                                     | -                                          
|                                                                            | ___________                                
|**Cash Flows From Financing
Activities:**                                   |                                            
|Advances from related parties                                               | 7,535                                      
|Advances from bank overdraft                                                | 11,555                                     
|Payments on long-term debt                                                  | (2,899)                                    
|                                                                            | ___________                                
|Net Cash (Used) by Financing
Activities                                     | 16,191                                     
|                                                                            | ___________                                
|**Net Increase in Cash**                                                    | -                                          
|**Cash at Beginning of the Period**                                         | -                                          
|                                                                            | ___________                                
|**Cash at End of the Period**                                               | $ -                                        
|                                                                            | ==========                                 

[Continued]

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

[Continued]



|                                                       | **For the Nine Months Ended September 30,**
|------------------------------------------------------ | -------------------------------------------
|                                                       | **2002**                                   
|**Supplemental Disclosures of Cash
Flow Information:** |                                            
|****Cash paid during the period for:                   |                                            
|Interest                                               | $ 251                                      
|Income taxes                                           | $ -                                        

**Supplemental Schedule of Noncash Investing and Financing Activities:**

For the nine months ended September 30, 2002:

The Company effected a reverse acquisition on July 1, 2002 with Trapper's Pizza, Inc. The Company issued 3,000,000
shares of common stock in exchange for all the assets and liabilities of Trapper's Pizza, Inc.

For the nine months ended September 30, 2001:

In March 2001 the Company issued 500,000 shares of common stock for services rendered valued at $5,000 or $.01 per
share.

In August 2001 the Company cancelled 1,575 shares of treasury stock which had been previously purchased for $27,563
or $17.50 per share.

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

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**



**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Organization -** Heavenly Hot Dogs, Inc. ("PARENT") was organized under the laws of the State of Delaware on April
12, 1987.  The Company attempted to sell franchises for the retail sale of its Chicago style hot dogs. The Company
discontinued these operations during 1990 and had been inactive since that time until its acquisition of Trapper's Pizza, Inc.
("SUBSIDIARY") on July 1, 2002. Prior to July 1, 2002, the Company was considered to be a development stage company
as defined by Statement of Financial Accounting Standards No 7.

**Reverse Acquisition -**Trapper's Pizza, LLC was organized as a Limited Liability Company on February 24, 2002 in the
State of Utah. On July 1, 2002, Trapper's Pizza, LLC filed articles of conversion with the State of Utah, which dissolved
the LLC and organized the corporation.

On July 1, 2002, Parent entered into an acquisition agreement with Subsidiary. For consolidated financial statement
presentation purposes, this transaction has been accounted for as a reverse acquisition. The operations of Parent are
included only from the date of acquisition.  Accordingly, the previous operations and retained deficits of Parent prior to the
date of acquisition have been eliminated.

The Company issued 3,000,000 shares of common stock for all of the outstanding shares of Subsidiary. The issuance of
the common stock resulted in a change of control of the Company. The sole director/officer of the Company prior to the
reverse acquisition continues to provide services after the reverse acquisition in the same capacity.

**Consolidation -** The financial statements include the accounts of Parent and Subsidiary. All significant intercompany
transactions between the Parent and Subsidiary have been eliminated in consolidation.

**Restatement -** In April 2001, the Company effected a 10,000 for 1 reverse stock split. The financial statements for all
periods presented have been adjusted to reflect the effect of this transaction.

**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, 2002 and 2001 and for the
periods then ended have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with
generally accepted accounting principles in the United State of America 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, 2001 audited financial statements.  The results of operations for the periods ended September
30, 2002 and 2001 are not necessarily indicative of the operating results for the full year.****

**Cash and Cash Equivalents**- For purposes of the statement of cash flows, the Company considers all highly liquid debt
investments purchased with a maturity of three months or less to be cash equivalents.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]**

**Inventory -**Inventory is carried at the lower of cost or market method valuation. [See Note 2]

**Property and Equipment** - Property and equipment are stated at cost. Expenditures for major renewals and betterments
that extend the useful lives of property and equipment are capitalized, upon being placed in service. Expenditures for
maintenance and repairs are charged to expense as incurred. Depreciation is computed for financial statement purposes on a
straight-line basis over the estimated useful lives of the assets, which range from three to five years. [See Note 3]

**Revenue Recognition** - The Company records revenue at the point of sale.

**Advertising -**The Company recognizes advertising expense in accordance with SOP 93-7 "Reporting on Advertising
Costs."  As such, the Company expenses the costs of producing advertisements at the time production occurs, and expenses
the cost of communicating advertising in the period in which the advertising space is used. For the nine months ended
September 30, 2002 and 2001 advertising costs amounted to $5,198 and $0, respectively.

**Loss Per Share -** The computation of loss per share of common stock is based on the weighted average number of shares
outstanding during the periods presented, in accordance with Statement of Financial Accounting Standards No. 128,
"Earnings Per Share" [See Note 10].

**Accounting Estimates** - The preparation of financial statements in conformity with generally accepted accounting
principles in the United States of America require management to make estimates and assumptions that effect the reported
amounts of assets and liabilities, the disclosures 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 could differ from those
estimated by management.****

**Income Taxes** - The Company accounts for income taxes in accordance with Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes."  This statement requires an asset and liability approach for accounting
for income taxes.  [See Note 8]****

**Recently Enacted Accounting Standards -**Statement of Financial Accounting Standards ("SFAS") No. 141, "Business
Combinations", SFAS No. 142, "Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset Retirement
Obligations", SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets", SFAS No. 145,
"Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections",
SFAS No. 146, "Accounting for Costs Associated with Exit or Disposal Activities", and SFAS No. 147, "Acquisitions of
Certain Financial Institutions - an Amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9", were
recently issued. SFAS No. 141, 142, 143, 144, 145, 146 and 147 have no current applicability to the Company or their
effect on the financial statements would not have been significant.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**



**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]**

**Changes in Control -**On July 1, 2002, the Company issued 3,000,000 shares of common stock for the acquisition of
Trappers Pizza, Inc.  The issuance resulted in a change of control of the Company.

During the nine months ended September 30, 2001, the Company issued 500,000 shares of common stock to its sole
officer and director for services rendered valued at $5,000. This issuance resulted in a change in control of the Company.

**Stock Based Compensation** - The Company accounts for its stock based compensation in accordance with Statement of
Financial Accounting Standard No. 123,  "Accounting for Stock-Based Compensation". This statement establishes an
accounting method based on the fair value of equity instruments awarded to employees as compensation. However,
companies are permitted to continue applying previous accounting standards in the determination of net income with
disclosure in the notes to the financial statements of the differences between previous accounting measurements and those
formulated by the new accounting standard. The Company has adopted the disclosure only provisions of SFAS No. 123,
accordingly, the Company has elected to determine net income using previous accounting standards. Stock issued to
non-employees is valued based on the fair value of the services received or the fair value of the stock given up. For the nine
months ended September 30, 2002 and 2001, the Company issued common stock valued at $0 and $5,000, respectively as
compensation. The stock was later returned and cancelled.****

**NOTE 2 - INVENTORY**

Inventory consists of the following at:

|                                     | **September 30,** | **December 31,**
|------------------------------------ | ----------------- | ----------------
|                                     | **2002**          | **2001**        
|Raw materials, papers supplies, etc. | $ 1,000           | $-              
|                                     | ___________       | ___________     
|Total Inventory                      | $ 1,000           | $ -             
|                                     | ================  | ================

**NOTE 3 - PROPERTY AND EQUIPMENT**

The following is a summary of equipment, at cost, less accumulated depreciation:



|                              | **September 30,** | **December 31,**
|----------------------------- | ----------------- | ----------------
|                              | **2002**          | **2001**        
|Mixers, ovens, etc.           | $ 17,620          | $ -             
|Office equipment              | 385               | -               
|Furniture and fixtures        | 4,305             | -               
|                              | ___________       | ___________     
|Total property and equipment  | 22,310            | -               
|Less accumulated depreciation | (1,134)           | -               
|                              | ___________       | ___________     
|                              | $ 21,176          | $ -             
|                              | ================  | ================

Depreciation expense for the nine months ended September 30, 2002 and 2001 was $1,134 and $0, respectively.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**



**NOTE 4 - RELATED PARTY TRANSACTIONS**

**Management Compensation -**The Company paid no cash compensation to its officers and directors during the nine
months ended September 30, 2002 and 2001.  For the period ended September 30, 2001 the Company issued 500,000
shares to its sole officer and director for services rendered valued at $5,000. This issuance resulted in a change in control of
the company.

**Office Space** - Through June 30, 2002, the Company did not have a need to rent office space. An officer/shareholder of
the Company allowed the Company to use his home as a mailing address, as needed. The cost is nominal and had not been
recorded as an expense to the Company.

**Advances from - Related Parties -**A shareholder and a company related through common control, advanced $7,535 to
the Company during the period ended September 30, 2002. At September 30, 2002, the Company owed $37,976 to the
related parties.

**Personal Guarantee**- The Company assumed a rental lease obligation for their current office space. The lease was
personally guaranteed by a shareholder of the Company. [See Note 6]

**NOTE 5- LONG-TERM DEBT**

The following is a summary of notes payable to related parties, as of:



|                                               | **September 30** | **December 31,**
|---------------------------------------------- | ---------------- | ----------------
|                                               | **2002**         | **2001**        
|0% non-secured note payable, due
March 4, 2004 | $ 18,172         | $-              

Total future minimum payments and current portion of long-term debt obligations are as follows:



|**September 30,**      | **Principal Payments**
|---------------------- | ----------------------
|2003                   | $ 11,963              
|2004                   | 6,209                 
|2005                   | -                     
|2006                   | -                     
|2007                   | -                     
|                       | ___________           
|                       | 18,172                
|Less:  current portion | 11,963                
|                       | ___________           
|Long-term obligations  | $ 6,209               
|                       | =================     

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**



**NOTE 5- LONG-TERM DEBT (Continued)**

On March 1, 2002, Trapper's Pizza L.L.C. purchased $25,000 in equipment, and furniture and fixtures and agreed to pay
the $25,000 over a 25 month period at $1,000 per month. Trapper's Pizza, L.L.C imputed an interest rate of 5% and
recorded $23,934 in equipment, furniture and fixtures with a corresponding liability of the same amount on their books. On
July 1, 2002, Trapper's Pizza, Inc. assumed all assets of Trapper's Pizza, L.L.C. The balance on this note at July 1, 2002
was $21,170.

**NOTE 6- COMMITMENTS AND CONTINGENCIES**

Operating Lease - The Company agreed to assume a rental lease agreement for its current business location. The lease on
the facility expires on March 31, 2006. Lease expense for the nine months ended September 30, 2002 and 2001 amounted
to $3,150 and $0, respectively. The following is a schedule of minimum annual rental payments for the next five years. The
lease was personally guaranteed by a shareholder.



|**September 30,** | **Minimum Annual Rental Payments**
|----------------- | ----------------------------------
|2003              | $ 13,800                          
|2004              | 13,800                            
|2005              | 13,800                            
|2006              | 6,900                             
|2007  -           | -                                 
|                  | ___________                       
|                  | $ 48,300                          
|                  | ================                  

**NOTE 7- STOCK TRANSACTIONS**

**Common stock -**The Company has authorized 750,000,000 shares of common stock, $.001 par value. At June 30, 2002,
the Company had 3,749,350 shares issued and outstanding.

On July 1, 2002, the Company issued 3,000,000 shares of common stock related to the reverse acquisition of Trapper's
Pizza, Inc.

In March 2001, the Company effected a 10,000 for 1 reverse stock split. Any shareholder with less than 100 shares of
pre-split common stock was not affected. A total of 749,259,472 shares of common stock were cancelled. For shareholders
with less than 100 post-split shares, the Company issued 175,992 fractional shares of common stock bringing them to a
minimum of 100 shares. The financial statements for all periods presented have been restated to reflect the stock split.

During March 2001 the Company issued 500,000 post-split shares of its previously authorized but unissued common stock
for services rendered, valued at $5,000, or $.01 per share.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 8- INCOME TAXES**

The Company accounts for income taxes in accordance with Statement of Financial Accounting Standards No. 109
"Accounting for Income Taxes" which requires the liability approach for the effect of income taxes.

The Company has available at September 30, 2002, unused operating loss carryforwards of approximately $20,200, which
may be applied against future taxable income and which expire in various years through 2022.  However, if certain
substantial changes in the Company's ownership should occur, there could be an annual limitation on the amount of net
operating loss carryforward which can be utilized.  The amount of and ultimate realization of the benefits from the
operating loss carryforwards for income tax purposes is dependent, in part, upon the tax laws in effect, the future earnings
of the Company and other future events, the effects of which cannot be determined.  Because of the uncertainty
surrounding the realization of the loss carryforwards the Company has established a valuation allowance equal to the tax
effect of the loss carryforwards (approximately $3,800) at September 30, 2002 and, therefore, no deferred tax asset has
been recognized for the loss carryforwards.  The change in the valuation allowance is equal to the tax effect of the current
period's net loss (approximately $3,800 and $1,898 for 2002 and 2001, respectively).

**NOTE 9 - GOING CONCERN**

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in
the United States of America, which contemplate continuation of the Company as a going concern.  However, the
Company has not yet been successful in establishing profitable operations. Further, the Company has current liabilities in
excess of current assets.  These factors raise substantial doubt about the ability of the Company to continue as a going
concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations
through loans or through sales of its common stock. There is no assurance that the Company will be successful in raising
this additional capital or achieving profitable operations. The financial statements do not include any adjustments that
might result from the outcome of these uncertainties.

**HEAVENLY HOT DOGS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 10 - EARNINGS (LOSS) PER SHARE**

The following data show the amounts used in computing income (loss) per share for the periods ended September 30, 2002
and 2001:



|                                                                                                                       | **For the Three Months Ended September 30,** | **For the Nine Months Ended September 30,**
|---------------------------------------------------------------------------------------------------------------------- | -------------------------------------------- | -------------------------------------------
|                                                                                                                       | **2002**                                     | **2001**                                   
|(Loss) from
continuing operations
available to common
stockholders
(numerator)                                         | $ (19,717)                                   | $ (3,568)                                  
|                                                                                                                       | ___________                                  | ___________                                
|Weighted average
number of common
shares outstanding used
in earnings (loss) per
share during the period
(denominator) | 2,738,480                                    | 749,350                                    
|                                                                                                                       | ___________                                  | ___________                                

Dilutive earnings (loss) per share were not presented, as the Company had no common equivalent shares for all periods
presented that would effect the computation of diluted earnings (loss) per share.

**ITEM 2.  PLAN OF OPERATIONS**

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION**

Plan of Operation

Prior to the acquisition of Trapper's Pizza, Inc. as set forth in Item 4 below, the Company was seeking to acquire assets or
shares of an entity actively engaged in business which generated revenues. As a result of the acquisition, the Company
plans to further develop and implement Trapper's Pizza, Inc.'s plans to expand its operations in Utah, and outside of Utah,
through the offering of licenses or franchises.

Currently, the Company does not have adequate resources to offer the support and funding necessary to establish
franchises, and is concentrating its efforts in licensing its food products and/or its food operations, in the Wasatch Valley
area, which comprises the area from Provo, Utah, north through Salt Lake City and Salt Lake County, through Ogden,
Utah.  The Company is planning on using outside marketing and sales personnel to promote the Company's licenses.

Liquidity and Capital Resources

The Company's balance sheet as of September 30, 2002, reflects a total asset value of $24,846 and liabilities totaling
$82,004. The Company has no cash or line of credit, other than that which present management may agree to extend to or
invest in the Company.  The Company will carry out its plan of business as discussed above.

Results of Operations

During the period from January 1, 2002 through June 30, 2002, the Company engaged in no significant operations other
than maintaining its reporting status with the SEC and seeking a business combination.  During the period of July 1, 2002
through September 30, 2002 the had cash flow and operations through its subsidiary Trapper's Pizza. Revenues during this
period were $36,470.

For the current fiscal year, the Company anticipates incurring a loss as a result of legal and accounting expenses, and
operating expenses for Trapper's Pizza, Inc.

Need for Additional Financing

Based upon current management's willingness to extend credit to the Company and/or invest in the Company, and the cash
flow from Trapper's Pizza, Inc., the Company believes that its existing capital will be sufficient to meet the Company's
cash needs for the next twelve months, absent further market expansion. However, at such time as management decides to
execute upon its expansion and license/franchise plans, the Company anticipates needing in excess of one million dollars,
which the Company anticipates rasing through a combination of equity and debt financing. No assurance can be made,
however, that the Company can locate or finalize such financing.

**ITEM 3. CONTROLS AND PROCEDURES**

Within the 90-day period prior to the date of this report, we evaluated the effectiveness and operation of our disclosure
controls and procedures pursuant to Rule 13a-14 of the Securities Exchange Act of 1934. Based on that evaluation, our
Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are
effective.

There have been no significant changes in internal controls or other factors that could significantly affect internal controls
subsequent to the date we carried out our evaluation.

**PART II - OTHER INFORMATION**

**ITEM 1.   LEGAL PROCEEDINGS**

None; not applicable.

**ITEM 2.  CHANGES IN SECURITIES.**

See Item 4.

**ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.**

None; not applicable.

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

On July 1, 2002, the Company effected a reverse acquisition with Trappers Pizza, Inc., a Utah corporation. Trapper's Pizza,
LLC was organized as a Limited Liability Company on February 24, 2002 in the State of Utah. On July 1, 2002 Trapper's
Pizza, LLC filed articles of conversion with the State of Utah, which dissolved the LLC and organized the corporation.

The Company issued 3, 000,000 shares of common stock for all of the outstanding shares of Trapper's Pizza, Inc. The
issuance of the common stock resulted in a change of control of the Company. The sole officer/director of the Company
prior to the reverse acquisition will continue to provide services after the reverse acquisition in the same capacity.

**ITEM 5.   OTHER INFORMATION.**

None; not applicable

**ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K.**

A Form 8-K was filed on June 30, 2002 reflecting the acquisition of Trapper's Pizza, Inc. including the shares issued and
change in control as noted in Item 5 above.

No other exhibits were filed on Form 8-K.

**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.

****HEAVENLY HOT DOGS, INC.

Date: November 19,2002               By: /s/ Elwood Shepard

Elwood Shepard, President

**CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002**

I , Elwood Shepard, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Heavenly Hot Dogs, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made,
not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly
present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for,
the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which
this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the
filing date of this quarterly report (the "Evaluation Date"); and

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

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's
auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):

a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's
ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material
weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant
changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our
most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: November 19, 2002                    By: /s/ Elwood Shepard

Elwood Shepard

Chief Executive Office and Chief Financial Officer