SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 FORM 10-QSB

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

                      For Quarter Ended: March 31, 2000

                                      OR

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

                        Commission File No. 33-18143-D

                               CORVALLIS, INC.
            (Exact name of registrant as specified in its charter)

       Nevada                                                87-0449399
(State or other jurisdiction                            (I.R.S. Employer
of incorporation or organization)                      Identification No.)


                             1486 South 11th East
                          Salt Lake City, Utah 84105
                                (801) 487-3893

            (Address and telephone number of principal executive
                   offices and principal place of business)

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

   As of the date of filing of this report, the Registrant had a total of
1,505,000 shares of common stock issued and outstanding.

<PAGE>

                              TABLE OF CONTENTS

                        PART I: FINANCIAL INFORMATION

Item 1:  Financial Statements                                         3

Item 2:  Management's Discussion and Analysis or Plan of Operations   9

                          PART II: OTHER INFORMATION

Item 6:  Exhibits and Reports filed on Form 8-K                      10

Signatures                                                           11

<PAGE>
                        PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS

                               Corvallis, Inc.
                        (a Development Stage Company)
                             Financial Statements
                               March 31, 2000
<PAGE>

                         CROUCH, BIERWOLF & CHISHOLM
                         Certified Public Accountants
                         50 West Broadway, Suite 1130
                          Salt Lake City Utah 84101
                            Office (801) 363 1175

                         INDEPENDENT AUDITOR'S REPORT



To the Board of Directors and Stockholders of
Corvallis, Inc.
Salt Lake City, Utah

We have reviewed the accompanying condensed balance sheet of Corvallis, Inc.
as of March 31, 2000 and the related condensed statements of income and cash
flows for the period then ended.   These financial statements are the
responsibility of the company's management.

We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants.  A review of interim
financial information consists principally of applying analytical procedures
to financial data and making inquiries of persons responsible for financial
and accounting matters.  It is substantially less in scope than an audit
conducted in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole.  Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that
should be made to the condensed financial statements referred to above for
them to be in conformity with generally accepted  accounting principles.

We have previously audited, in accordance with generally accepted auditing
standards, the balance sheet as of June 30, 1999, and the related statements
of income, retained earnings, and cash flows for the year then ended (not
presented herein); and in our report dated July 25, 1999, we expressed an
unqualified opinion on those financial statements.  In our opinion, the
information set forth in the accompanying condensed balance sheet as of March
31, 2000, is fairly stated, in all material respects, in relation to the
balance sheet from which it has been derived.

The accompanying statements of operations and cash flows for the period ended
March 31, 1999 were not audited by us and, accordingly, we do not express an
opinion on them.

/s/ Crouch Bierwolf & Chisholm

Crouch, Bierwolf & Chisholm
May 10, 2000

<PAGE>

                               Corvallis, Inc.
                        (a Development Stage Company)
                                Balance Sheets

                                    Assets

                                           March 31,       June 30,
                                             2000           1999
                                          ----------      ----------
                                          (Unaudited)
Current assets
 Cash                                     $   -           $   -
                                          ----------      ----------

      Total Current Assets                $   -           $   -
                                          ----------      ----------

      Total Assets                        $   -           $   -
                                          ==========      ==========

                     Liabilities and Stockholders' Equity

CURRENT LIABILITIES

 Accounts payable                         $    5,966      $    5,966
                                          ----------      ----------

Total Current Liabilities                      5,966           5,966
                                          ----------      ----------
STOCKHOLDERS' EQUITY (DEFICIT)

   Common Stock, authorized
   200,000,000 shares of $.001 par
   value, issued and outstanding
   1,505,000 and 1,505,000 shares,
   respectively                                1,505           1,505
   Additional Paid-in Capital                201,799         201,799
   Deficit Accumulated During the
     Development Stage                      (209,270)       (209,270)
                                          ----------      ----------

Total Stockholders' Equity (Deficit)          (5,966)         (5,966)
                                          ----------      ----------
Total Liabilities and Stockholders'
 Equity                                   $     -         $     -
                                          ==========      ==========

  The accompanying notes are an integral part of these financial statements

<PAGE>

                               Corvallis, Inc.
                        (a Development Stage Company)
                           Statements of Operations

<TABLE>

                                                                       Cumulative
                       For the Three Months    For the Nine Months       Total
                          Ended March 31,        Ended March 31,         Since
                        2000        1999        2000        1999       Inception
                     ----------  ----------  ----------  ----------   ------------
<S>                  <C>         <C>         <C>         <C>          <C>
Revenues             $   -       $   -       $   -       $   -        $    -

Expenses:

  Consulting fees        -           -           -           -             12,540
  Legal                  -           -           -           -             11,127
  Accounting             -           -           -           -             11,463
  General &
  Administrative         -           -           -          1,037          17,386
                     ----------  ----------  ----------  ----------   ------------

      Total Expenses     -           -           -          1,037          52,516
                     ----------  ----------  ----------  ----------   ------------
Net loss before
  discontinued
  operations         $   -       $   -       $   -       $ (1,037)        (52,516)
                     ----------  ----------  ----------  ----------   ------------
Loss on
  discontinued
  operations             -           -           -           -           (156,754)
                     ----------  ----------  ----------  ----------   ------------

Net Loss             $   -       $   -       $   -       $ (1,037)    $  (209,270)
                     ==========  ==========  ========== ===========   ============
Weighted Average
 Loss Per Share      $ (.000)    $ (.000)    $ (.000)    $   (0.00)   $    (0.213)
                     ==========  ==========  ==========  ===========  ============
Weighted Average
   Shares
   Outstanding        1,505,000   1,505,000   1,505,000   1,505,000       982,300
                     ==========  ==========  ==========  ===========  ============

</TABLE>

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

<PAGE>

                               Corvallis, Inc.
                        (a Development Stage Company)
                           Statement of Cash Flows

                                                                      From
                                                                  Inception on
                                                                 September 28,
                                    For the Nine Months           1987 through
                                      ended March 31,               March 31,
                                  2000               1999             2000
                               ----------         ----------       ----------
Cash Flows from Operating
  Activities:

     Net loss                  $   -              $  (1,037)       $ (209,270)
     Discontinued operations       -                   -               19,308
     Non-cash services
       rendered and expenses
       paid by stockholders'       -                   -               39,357
     Increase (decrease) in
       current liabilities         -                  1,037             5,966
                               ----------         ----------       ----------
     Net Cash Provided (Used)
       by Operating Activities     -                   -             (144,639)
                               ----------         ----------       ----------
Cash Flows from Investment
  Activities:                      -                   -                 -

Cash Flows from Financing
  Activities:

     Issuance of common stock      -                   -              142,910
     Capital Contribution          -                   -                1,729
                               ----------         ----------       ----------
     Net Cash Provided by
     Financing Activities          -                   -              144,639
                               ----------         ----------       ----------
Net increase (decrease) in cash    -                   -                 -

Cash, beginning of period          -                   -                 -
                               ----------         ----------       ----------

Cash, end of period            $   -              $   -                 -
                               ==========         ==========       ==========

Cash, paid during
  the period for:

     Interest                  $  -               $    -           $     -
     Income taxes              $  -               $    -           $     -

Noncash financing activities

     Issuance of common
     stock for fixed asset     $  -               $    -           $   19,308

     Issuance of common stock
     for stockholders'
     payable                   $  -               $    -           $   20,612

     Issuance of stock for
     services rendered         $  -               $    -           $     -


  The accompanying notes are an integral part of these financial statements

<PAGE>

                               Corvallis, Inc.
                        (a Development Stage Company)
                                March 31, 2000

NOTES TO THE FINANCIAL STATEMENTS (UNAUDITED)

GENERAL

Corvallis, Inc. (the Company) has elected to omit substantially all footnotes
to the financial statements for the nine months ended March 31, 2000 since
there have been no material changes (other than indicated in other footnotes)
to the information previously reported by the Company in their Annual Report
filed of Form 10-KSB for the Fiscal year ended June 30, 1999.

UNAUDITED INFORMATION

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.


<PAGE>

   In this report statement references to "Corvallis," "we," "us," and "our"
refer to Corvallis, Inc.

                          FORWARD LOOKING STATEMENTS

   This Form 10-QSB contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  For this
purpose any statements contained in this Form 10-QSB that are not statements
of historical fact may be deemed to be forward-looking statements.  Without
limiting the foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "estimate" or "continue" or comparable terminology are intended
to identify forward-looking statements.  These statements by their nature
involve substantial risks and uncertainties, and actual results may differ
materially depending on a variety of factors, many of which are not within
Corvallis' control.  These factors include but are not limited to economic
conditions generally and in the industries in which Corvallis may participate;
competition within Corvallis'  chosen industry, including competition from
much larger competitors; technological advances and failure by Corvallis to
successfully develop business relationships.

ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

     For the nine month period ended March 31, 2000, we had no cash and no
other liquid assets or resources.  We did not post any revenues for the fiscal
year ended June 30, 1999 nor during the quarter ended March 31, 2000.  We have
had no operations.  We had an account payable of $5,966 and no other material
commitments for capital expenditures for the next twelve months.

     At present, we do not have adequate capital to conduct any significant
operations.  Management intends to actively seek business opportunities during
the next twelve months.  Management believes that any business venture in
which we may become involved will be made by issuing shares of our authorized
but unissued common stock.  Such issuance will be effected in accordance with
available exemption under federal and state securities laws.  It is
anticipated that our liquidity, capital resources and financial statements
will be significantly different subsequent to the consummation of any such
transaction.

     We anticipate that until a business opportunity is found and sufficient
revenues are generated we will rely on the commitment of our management and
principal shareholders to cover all operating expenses and other costs. There
is no assurance that the management and shareholders' commitment will
ultimately prove to be adequate to allow us to enter into a business
opportunity.  Currently, we have no plans to raise additional capital,
however, we may elect to do so at some future date.


                          PART II: OTHER INFORMATION

ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K


   (a)  Exhibits.

        Part I

   Exhibit      Description
   -------      -----------
   24           Consent of Crouch, Bierwolf & Chisholm dated May 10, 2000

   27           Financial Data Schedule

        Part II

   (b)  Reports on Form 8-K.

      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 who are duly authorized.


CORVALLIS, INC.
(Registrant)


Date: 5/12/2000

By:/s/ Whitney O. Cluff
   --------------------
   Whitney O. Cluff
   President and Chief Executive Officer


By:/s/ John Papanikolas
   --------------------
   John Papanikolas
   Secretary/Treasurer