United States
Securities and Exchange Commission

Washington, D.C. 20549


Form 10-Q


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

For the Period ended September 30, 2000

Commission File No. 33-17966-LA

INTERNATIONAL WOOD CORPORATION

A Colorado Corporation            EIN: 94-3030021

8833 Sunset Blvd., Suite 200
West Hollywood, CA 90069

Telephone: 310-289-4947

Former name:  XANTHIC ENTERPRISES, INC.

Former address:
8833 Sunset Blvd., Suite 200
West Hollywood, CA 90069

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
<PAGE>

 required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

Yes   x    No

The number of issued and outstanding common shares
as of September 30, 2000 was 24,039,201.

PART 1   FINANCIAL INFORMATION

Item 1.


















































<PAGE>

Unaudited Financial Statements.
INTERNATIONAL WOOD CORPORATION
(a development stage company)
BALANCE SHEET
September 30, 2000



                                                       SEPTEMBER 30,
                                                           2000
                                                        (unaudited)


 ASSETS

Current assets:
  Cash                                               $        343
 Residential real estate held for sale                  1,450,000
 Investment in Norwest S.A.                                 2,000
                                                        ---------
TOTAL ASSETS                                         $  1,452,343
                                                        =========

LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)

Current Liabilities:
   Accounts payable                                        80,017
   Accrued expenses                                       126,114
   Shareholder loan                                       137,500
   Mortgage loan                                          856,000
                                                         --------
      Total current liabilities                         1,199,631
                                                       ----------
Stockholders' Equity (Deficit):
   Common stock, $.0001 par value,
   50,000,000 shares authorized,
   24,039,201 shares issued
   and outstanding                                          2,404

   Additional paid in capital                             655,895

   Deficit accumulated during
     the development stage                               (405,587)
                                                        ---------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                      252,712
                                                        ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $   1,452,343
                                                      ===========










<PAGE>

INTERNATIONAL WOOD CORPORATION
(a development stage company)
STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999




                                             SEPTEMBER 30,   SEPTEMBER 30,
                                                 2000            1999
                                              (unaudited)     (unaudited)


Revenues                                  $          -         $       -

Operating expenses
   General and administrative                  (84,881)         (39,223)
                                               --------         --------
Loss from operations                           (84,881)         (39,223)

Other Income (Expenses)
   Interest expense                            (80,342)               _
                                             --------         --------
      Total other income (expenses)            (80,342)               _
                                              --------        ---------
Net loss                                   $  (165,223)      $  (39,223)
                                             =========       ==========
Net loss per common share                  $    (0.007)      $   (0.002)
                                             =========       ==========
Weighted average number
   of shares outstanding                    24,039,201       22,739,201
                                            ==========       ==========


























<PAGE>

INTERNATIONAL WOOD CORPORATION
(a development stage company)
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999


<TABLE>
<CAPTION>                                                      Accumulated
                                                               Deficit During
                            Common Stock           Paid in     Development
                         Shares        Amount      Capital     Stage              Total
<S>                  <C>           <C>         <C>           <C>              <C>

BALANCE,
 December 31, 1998    22,589,201    $ 2,259      $ 27,040     $ (104,770)     $ (75,471)

Stock Issues             150,000         15        34,985                        35,000

Net loss for the
 nine months                   _          _             -        (39,223)       (39,223)
                       ----------     ------     --------     ----------       --------
BALANCE,
 Sept. 30, 1999       22,739,201     $ 2,274     $ 62,025     $ (143,993)      $ (79,694)
                      ==========     =======    =========       ========        ========

BALANCE,
 December 31, 1999    24,039,201     $ 2,404     $655,895     $ (240,364)       $417,935

Net loss for
the nine months                _            _            _      (165,223)       (165,223)
                      ----------      -------       ------      --------        ---------
BALANCE,
 Sept. 30, 2000       24,039,201     $ 2,404     $ 655,895     $(405,587)       $252,712
                      ==========     ========     ========     ==========       ==========
</TABLE>
































<PAGE>

INTERNATIONAL WOOD CORPORATION
(a development stage company)
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999


                                         SEPTEMBER 30,   SEPTEMBER 30,
                                             2000            1999
                                          (unaudited)     (unaudited)


CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                $ (165,223)   $   (39,223)
   Adjustments to reconcile net
   income to net cash provided
   by (used in) operating activities:
     Changes in operating assets
     and liabilities:
     Accounts payable and
       Accrued expenses                       130,660            (11)
     Stock issued for services                                10,000
                                            ---------       ---------

Net cash used in
 operating activities                         (34,563)       (29,212)
                                             ---------       --------

CASH FLOWS FROM FINANCING ACTIVITIES
   Shareholder loan                                             4,212
   Sale of stock                                               25,000
                                             ---------        -------

Net cash provided by
  financing activities                               -         29,212
                                             ---------        -------

Net increase (decrease) in cash

Cash, beginning of period                       34,906              -
                                              --------       --------

Cash, end of period                        $       343     $       -
                                              ========       ========

Non-cash transactions
 Stock issued for consulting services      $         -     $   10,000
                                              ========       ========








<PAGE>

Item 2.   Management's Discussion and Analysis of Financial Condition
and Results of Plan of Operation.

(1) Liquidity. We have little cash and no liquidity.

(2)  Capital Resources. Due to the acquisition
of Norwest S.A. we have substantial assets which we plan to
use to arrange financing for our business. We plan
to use the residential real estate to assist to to
arrange financing for our business.

(3)  Results of Operations. We have not operated during
the past fiscal quarter and there are no results of operations.


Part II   Other Information

Item 1. Legal Proceedings.

There are no pending legal proceedings except as set forth in
the 10-K for the year ended December 31, 1999.


Item 4. Submission of Matters to a Vote of
Security holders.

There were no submissions to shareholders
during the quarter ended September 30, 1999


Item 6.  Exhibits and Reports on Form 8-K.

(a) Exhibits

27     Financial Data Schedule


(b) Reports on Form 8-K.

There were no reports on Form 8-K
during the quarter.



































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