SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  ____________________  FORM
10-Q ____________________  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended September
30, 2008  [  ] TRANSITION
REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT  For the transition period from
____________ to____________  Commission File No. 000-52036   GULF & ORIENT STEAMSHIP COMPANY, LTD. (Exact name of Registrant as specified in
its charter)  Colorado
84-1344320(State or Other Jurisdiction of
(I.R.S. Employer Identification No.)incorporation or organization)  601 South State Street Salt Lake City, Utah  84101 (Address of Principal Executive Offices)  (801) 550-5800 (Registrants telephone number, including
area code)  N/A (Former name, former address and former
fiscal year, if changed since last report)  Indicate by check mark whether the
Registrant has (1) filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 (the Exchange Act) during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No [  ]  Indicate by check mark whether the
Registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.  See definition of large
accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act.  (Check one):  Large accelerated filer [  ]
     Accelerated filer [  ]
      Non-accelerated filer [  ]
     Smaller reporting company [X]  Indicate by check mark whether the
Registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes [ X] No [  ]    APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS  Indicate by check mark whether the
registrant has filed all documents and reports required to be filed by Sections
12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.  Not applicable.  APPLICABLE ONLY TO CORPORATE ISSUERS  Indicate the number of shares outstanding of each of the
Registrants classes of common stock, as of the latest practicable date:
 November 4, 2008 - 1,719,093 shares of common stock.    PART I   Item 1.  Financial Statements  The Financial Statements of the Registrant
required to be filed with this 10-Q Quarterly Report were prepared by management
and commence below, together with related notes. In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.   GULF & ORIENT STEAMSHIP COMPANY, LTD.  FINANCIAL STATEMENTS  September 30, 2008 and 2007    CONTENTS  PAGE   BALANCE
SHEETS F-2  STATEMENTS OF
OPERATIONS F-3  STATEMENTS OF
CASH FLOWS F-4  NOTES TO
FINANCIAL STATEMENTS F-5          GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)    BALANCE SHEETS    September 30,

December 31,2008

2007ASSETS

(Unaudited)CURRENT ASSETSCash
$
98
$
84TOTAL CURRENT
ASSETS

98

84$
98
$
84LIABILITIES AND SHAREHOLDERS DEFICITCURRENT LIABILITIESAccounts payable
$
63,674
$
54,905Payable - related parties (Note
4)

54,719

47,328TOTAL CURRENT
LIABILITIES

118,393

102,233TOTAL
LIABILITIES

118,393

102,233SHAREHOLDERS DEFICITPreferred stock no par value, non-voting,5,000,000 shares authorized; 0 shares
issuedand outstanding

-

-Common stock no par value, 50,000,000shares authorized; 1,719,093 shares
issuedand outstanding

11,781

11,781Deficit accumulated during development stage

(130,076)

(113,930)TOTAL SHAREHOLDERS
DEFICIT

(118,295)

(102,149)$
98
$
84  See Notes to Unaudited Financial
Statements.  F-2   GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)    STATEMENTS OF
OPERATIONS (Unaudited)   Periodfrom5/9/1996(Date ofFor the Three

For the Nine

Inception)Months Ended

Months Ended

toSeptember 30,

September 30,

September 30,2008

2007

2008

2007

2008Income
$
-
$
-
$
-
$
-
$
-Expenses:General and administrative
expenses

3,072

2,896

14,855

18,118

116,321Interest expense

500

322

1,290

912

8,7843,572

3,218

16,145

19,030

125,105LOSS BEFORE TAXES

(3,572)

(3,218)

(16,145)

(19,030)

(125,105)PROVISION FOR INCOME
TAXES

-

-

-

-

-NET LOSS
$
(3,572)
$
(3,218)
$
(16,145)
$
(19,030)
$
(125,105)LOSS PER COMMON SHAREBasic and diluted net (loss) per weightedaverage common share outstanding
$
(0.00)
$
(0.00)
$
(0.01)
$
(0.01)Weighted average number of commonshares outstanding

1,719,093

1,719,093

1,719,093

1,692,506    See Notes to Unaudited Financial
Statements.  F-3   GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)   STATEMENTS OF CASH FLOWS (Unaudited)  Periodfrom5/9/1996For the Nine

(Date ofMonths Ended

inception) toSeptember 30,

September 30,2008

2007

2008OPERATING ACTIVITIESNet loss
$
(16,145)
$
(19,030)
$
(125,105)Adjustments to reconcile net loss
to netcash provided
(required) by operatingactivitiesStock issued for expenses

-

-

500Interest expense

1,290

912

8,784Changes in assets and liabilities:Accounts payable

8,769

15,200

63,674Payable - related parties

6,100

3,501

53,434NET CASH PROVIDED
(REQUIRED)BY OPERATING ACTIVITIES

14

583

1,287FINANCING ACTIVITIESStock sold

-

-

3,811Purchase treasury stock

-

-

(5,000)NET CASH PROVIDED
(REQUIRED)BY FINANCING ACTIVITIES

-

-

(1,189)NET INCREASE (DECREASE)IN CASH

14

583

98CASH AT BEGINNINGOF PERIOD

84

171

-CASH AT END OF PERIOD
$
98
$
754
$
98Cash paid forInterest
$
-
$
-
$
-Income taxes
$
-
$
-
$
-  During the year
ended December 31, 2007, the Company issued 107,143 shares of common stock to
retire $7,500 of debt.  See Notes to Unaudited Financial
Statements.  F-4   GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)


NOTES TO UNAUDITED
FINANCIAL STATEMENTS September 30, 2008
and 2007   NOTE 1: SUMMARY OF
HISTORY AND SIGNIFICANT ACCOUNTING POLICIES  Nature of Operations The Company was incorporated in the
State of Colorado on May 9, 1996.  The Company originally intended to
engage in the business of marine transportation.  These plans did not
materialize.  Development Stage
Company The financial statements present
the Company as a development stage company because of its short operating
history. The Company is looking for business opportunities.  Income Taxes The Company utilizes the liability
method of accounting for income taxes as set forth in Statement of Financial
Accounting Standards No. 109, Accounting for Income Taxes (SFAS 109).
 Under the liability method, deferred taxes are determined based on the
difference between the financial statement and tax bases of assets and
liabilities using enacted tax rates in effect in the years in which the
differences are expected to reverse.  An allowance against deferred tax
assets is recorded when it is more likely than not that such tax benefits will
not be realized.  Estimates The preparation of financial
statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and 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 estimates.  Cash and Cash
Equivalents For purposes of reporting cash
flows, the Company considers all highly-liquid debt instruments purchased with a
maturity of three months or less to be cash equivalents.  Revenue Recognition Revenue is recognized on the
accrual method of accounting.  Income (Loss) Per Common
Share Income (Loss) per common share is
computed by dividing net loss available to common shareholders by the weighted
average number of common shares outstanding during the periods presented.  Recently Issued Accounting Pronouncements In September 2006, the Financial Accounting
Standards Board (FASB) issued Statement of Financial Accounting Standard
(SFAS) No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair
value, establishes a framework for measuring fair value under GAAP and expands
disclosures about fair value measurements.  The Company adopted SFAS
157 on January 1, 2008 with no impact on the Companys financial
statements.  In February 2007, the FASB issued SFAS No.
159, The Fair Value Option for Financial Assets and Liabilities  Including an
amendment of FASB Statement No. 115 (SFAS 159).  SFAS 159 allows
entities the option to measure eligible financial instruments at fair value as
of specified dates. Such election, which may be applied on an instrument by
instrument basis, is typically irrevocable once elected.  The
Company elected not to measure any additional financial assets or
liabilities at fair value at the time SFAS 159 was adopted on January 1,
2008.  As a result, implementation of SFAS 159 had no impact on the
Companys financial statements.   F-5


GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)


NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) September 30, 2008
and 2007  NOTE 1: SUMMARY OF HISTORY AND SIGNIFICANT
ACCOUNTING POLICIES - Continued  Recently Issued Accounting Pronouncements -
Continued In December 2007, the FASB issued SFAS No. 141 (revised
2007), Business Combinations (SFAS 141R) and SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements, an amendment of Accounting
Research Bulletin No. 51(SFAS 160). SFAS No. 141R requires an acquirer to
measure the identifiable assets acquired, the liabilities assumed and any
noncontrolling interest in the acquiree at their fair values on the acquisition
date, with goodwill being the excess value over the net identifiable assets
acquired.  SFAS No. 160 clarifies that a noncontrolling interest in a
subsidiary should be reported as equity in the consolidated financial
statements. The calculation of earnings per share will continue to be based on
income amounts attributable to the parent. SFAS No. 141R and SFAS No. 160 are
effective for financial statements issued for fiscal years beginning after
December 15, 2008.  Early adoption is prohibited.  The Company has not
yet determined the effect on its financial statements, if any, upon adoption of
SFAS No. 141R or SFAS No. 160.  In March 2008, the FASB issued SFAS No. 161, Disclosures
about Derivative Instruments and Hedging Activities, an amendment of FASB
Statement No. 133 (SFAS 161). SFAS 161 requires enhanced disclosures about an
entitys derivative instruments and hedging activities including: (1) how and
why an entity uses derivative instruments; (2) how derivative instruments and
related hedged items are accounted for under SFAS 133 and its related
interpretations; and (3) how derivative instruments and related hedged items
affect an entitys financial position, financial performance and cash flows.
SFAS 161 is effective for financial statements issued for fiscal years and
interim periods beginning after November 15, 2008, with earlier application
encouraged. The Company has no derivative instruments so the adoption of SFAS
161 is not expected to have any impact on the Companys financial statements and
it does not intend to adopt this standard early.  In May 2008, the FASB issued SFAS No. 162, The
Hierarchy of Generally Accepted Accounting Principles(SFAS 162). SFAS 162
is intended to improve financial reporting by identifying a consistent
framework, or hierarchy, for selecting accounting principles to be used in
preparing financial statements in conformity with U.S. generally accepted
accounting principles (GAAP) for nongovernmental entities.  The statement
establishes that the GAAP hierarchy should be directed to entities because it is
the entity (not its auditor) that is responsible for selecting accounting
principles for financial statements that are presented in conformity with GAAP.
This statement is effective 60 days following the SECs approval of the Public
Company Accounting Oversight Board Auditing amendments to AU Section 411, The
Meaning of Present Fairly in Conformity with Generally Accepted Accounting
Principles.  The Company does not believe implementation of SFAS 162
will have a material impact on its financial statements.  In May 2008, the FASB issued SFAS No. 163, Accounting
for Financial Guarantee Insurance Contracts - an interpretation of FASB
Statement No. 60 (SFAS 163).  SFAS 163 clarifies how Statement 60
applies to financial guarantee insurance contracts, including the recognition
and measurement of premium revenue and claim liabilities. This Statement also
requires expanded disclosures about financial guarantee insurance contracts.
 SFAS 163 is effective for fiscal years beginning on or after December 15,
2008, and interim periods within those fiscal years. The Company does not expect
that the adoption of SFAS 163 will have a material impact on its financial
statements.  In June 2008, the FASB issued FASB Staff
Position Emerging Issues Task Force (EITF) No. 03-6-1, Determining
Whether Instruments Granted in Share-Based Payment Transactions Are
Participating Securities (FSP EITF No. 03-6-1).  Under FSP EITF No.
03-6-1, unvested share-based payment awards that contain rights to receive
nonforfeitable dividends (whether paid or unpaid) are participating securities,
and should be included in the two-class method of computing EPS. FSP EITF No.
03-6-1 is effective for fiscal years beginning after December 15, 2008, and
interim periods within those years, and is not expected to have a significant
impact on the Companys financial statements.  F-6


GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)


NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) September 30, 2008
and 2007  NOTE 1: SUMMARY OF HISTORY AND SIGNIFICANT
ACCOUNTING POLICIES - Continued  Recently Issued Accounting Pronouncements -
Continued In April 2008, the FASB issued FASB Staff Position
No. 142-3, Determination of the Useful Life of Intangible Assets
(FSP No. 142-3) to improve the consistency between the useful life of a
recognized intangible asset (under SFAS No. 142) and the period of expected
cash flows used to measure the fair value of the intangible asset (under SFAS
No. 141(R)). FSP No. 142-3 amends the factors to be considered when
developing renewal or extension assumptions that are used to estimate an
intangible assets useful life under SFAS No. 142. The guidance in the new
staff position is to be applied prospectively to intangible assets acquired
after December 31, 2008. In addition, FSP No. 142-3 increases the
disclosure requirements related to renewal or extension assumptions. The Company
does not believe implementation of FSP No. 142-3 will have a material impact on
its financial statements.  The Company has reviewed all other recently issued, but
not yet adopted, accounting standards in order to determine their effects, if
any, on its results of operation, financial position or cash flows.  Based
on that review, the Company believes that none of these pronouncements will have
a significant effect on its financial statements.  NOTE 2: INCOME
TAXES  At December 31, 2007, the Company
had a net operating loss carryover of $108,960 which expires as follows:  Year ended

Amount

Federal Expiration DateDecember 31, 1996
$
5,636

December 31, 2011December 31, 1997

6,232

December 31, 2012December 31, 1998

3,462

December 31, 2018December 31, 1999

4,055

December 31, 2019December 31, 2000

147

December 31, 2020December 31, 2001

2,896

December 31, 2021December 31, 2002

2,861

December 31, 2022December 31, 2003

8,449

December 31, 2023December 31, 2004

9,385

December 31, 2024December 31, 2005

12,417

December 31, 2025December 31, 2006

31,026

December 31, 2026December 31, 2007

22,394

December 31, 2027$
108,960  However, due to the fact that the
Company will most likely enter a new line of business and has had a change in
control, the loss will most likely never be utilized.  At September 30, 2008, the Company
had a deferred tax asset in the amount of $44,225.  The amount has been
reserved 100% due to the Companys history of losses.  The increase in the valuation
allowance was $5,489 and $6,661 for the nine months ended September 30, 2008 and
2007 respectively.


GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)


NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) September 30, 2008
and 2007   NOTE 2: INCOME TAXES
- Continued  Components of income tax are as
follows:  2008

2007CurrentFederal
$
-
$
-State

-

--

-Deferred

-

-$
-
$
-  A reconciliation of the provision
for income tax expense with the expected income tax computed by applying the
federal statutory income tax to income before provision for income taxes is as
follows:  2008

2007Income tax computed atFederal statutory tax
rate
$
(5,489)
$
(6,661)Deferred taxes and
other

5,489

6,661State taxes (net of federal
benefit)

-

-$
-
$
-  NOTE 3: COMMITMENTS,
CONTINGENCIES AND LEGAL MATTERS  Management of the Company has
conducted a diligent search and concluded that there were no commitments,
contingencies or legal matters pending at the balance sheet dates that have not
been disclosed.  NOTE
4: ACCOUNTS
PAYABLE - RELATED PARTIES  At September 30, 2008, the Company
owed $54,719 to related parties for money advanced to the Company or expenses
paid on behalf of the Company; $2,600 bears annual interest at 24%, $3,500 bears
annual interest at 18%, $7,100 bears annual interest at 9%, and $3,500 bears
annual interest at 7%.  Total accrued interest at September 30, 2008 was
$8,784.  During the year ended December 31,
2007, the Company converted two notes into its common stock. One note for $5,000
was due on October 13, 2005 and accrued a total interest of $2,500 on that date.
 This note was converted to common stock at $.07 per share for 71,429
shares.  The $2,500 interest on the note is also convertible to common
stock at $.07 per share which is not less than the fair market value of the
stock on the date the loan was made. The interest was not converted into common
stock during the period.  A second note for $2,500 was
converted to common stock during the year ended December 31, 2007 at $.07 per
share for 35,714 shares. Accrued interest on the note was not converted during
the period.   F-8


GULF &
ORIENT STEAMSHIP COMPANY, LTD. (A Development Stage Company)


NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) September 30, 2008
and 2007  NOTE 5: STOCK
TRANSACTIONS  The Company raised $811 from various
individuals from the sale of its common stock.  Form D was filed with the
Securities and Exchange Commission to report the sales.  $3,000 was also
raised from the sale of preferred stock.  The preferred stock was later
cancelled during an ownership change of the Company.  50,000 shares were
issued in 2003 for services of $500.  The preferred stock had the
following preferences: [a] the stock is non-voting; [b] holders of the stock
have the right to receive a mandatory dividend of 10% of the Companys adjusted
gross profit as reflected on the annual tax return, and the dividend is to be
paid within ten days of the filing of the tax return (to date no dividends have
been required to be paid); [c] upon dissolution or winding up of the Company,
10% of the Companys assets shall be distributed to the holders of the preferred
stock prior to division and distribution of assets to the holders of the
Companys common stock.  In April, 2005, the Company
purchased and retired 59,050 shares of its common stock.  The Company paid
$5,000 for the shares.  In March 2007, the Company converted
two notes into its common stock. One note for $5,000 was due on October 13, 2005
and accrued a total interest of $2,500 on that date.  This note was
converted to common stock at $.07 per share for 71,429 shares.  The $2,500
interest on the note is also convertible to common stock at $.07 per share which
is not less than the fair market value of the stock on the date the loan was
made. The interest was not converted into common stock during the period.  In March 2007, a second note for
$2,500 was converted to common stock during the period at $.07 per share for
35,714 shares. Accrued interest on the note was not converted during the
period.  NOTE
6: GOING
CONCERN  The Companys financial statements
have been presented on the basis that it is a going concern, which contemplates
the realization of assets and satisfaction of liabilities in the normal course
of business.  At September 30, 2008, the Company had an accumulated deficit
of $130,076 and a working capital deficit of $118,295.  The Companys continued existence is
dependent on its ability to generate sufficient cash flow to cover operating
expenses and to invest in future operations.  Management has prepared the
following plan to address the Companys ability to continue as a going
concern:  The Company is looking for business
opportunities.  If none are found, the Company will look to related parties
to fund continuing operations.   F-9


Item 2. Managements Discussions and
Analysis of Financial Condition and Results of Operations.  Forward-looking Statements  Statements made in this Quarterly Report which are not
purely historical are forward-looking statements with respect to the goals, plan
objectives, intentions, expectations, financial condition, results of
operations, future performance and our business, including, without limitation,
(i) our ability to raise capital, and (ii) statements preceded by, followed by
or that include the words may, would, could, should, expects,
projects, anticipates, believes, estimates, plans, intends,
targets or similar expressions.  Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our control) that
could cause actual results to differ materially from those set forth in the
forward-looking statements, including the following, general economic or
industry conditions, nationally and/or in the communities in which we may
conduct business, changes in the interest rate environment, legislation or
regulatory requirements, conditions of the securities markets, our ability to
raise capital, changes in accounting principles, policies or guidelines,
financial or political instability, acts of war or terrorism, other economic,
competitive, governmental, regulatory and technical factors affecting our
current or potential business and related matters.  Accordingly, results actually achieved may differ
materially from expected results in these statements.  Forward-looking
statements speak only as of the date they are made.  We do not undertake,
and specifically disclaim, any obligation to update any forward-looking
statements to reflect events or circumstances occurring after the date of such
statements.  Plan of Operations  Our plan of operation for the next 12 months is to: (i)
consider guidelines of industries in which we may have an interest; (ii) adopt a
business plan regarding engaging in the business of any selected industry; and
(iii) to commence such operations through funding and/or the acquisition of a
going concern engaged in any industry selected.  During the next 12 months, our only foreseeable cash
requirements will relate to maintaining our good standing; the payment of our
Securities and Exchange Commission and Exchange Act reporting filing expenses,
including associated legal and accounting fees; costs incident to reviewing or
investigating any potential business venture; and maintaining our good standing
as a corporation in our state of organization.  We anticipate that these
funds will be provided to us in the form of loans from Michael Vardakis, our
current President.  There are no written agreements requiring Mr. Vardakis
to provide these cash resources; and to the extent funds are provided, such
funds will bear interest and will be due on demand.  As of the date of this
Quarterly Report, we have not actively begun to seek any business or acquisition
candidate.  Results of Operations  We have generated no profit since
inception.  We had a net loss of ($3,572) and ($3,218) for the quarters
ended September 30, 2008, and 2007.  We had a net loss of ($16,145) and
($19,030) for the nine months ended September 30, 2008, and 2007. Since our
inception on May 9, 1996, cumulative losses as of September 30, 2008, total
($125,105).  Primarily all of these losses are the result of legal and
accounting expenses.  Liquidity  We have cash of $98 as of September 30, 2008.  During the next 12 months, our only
foreseeable cash requirements will relate to the payment of our Securities and
Exchange Commission and Exchange Act reporting filing expenses, including
associated legal and accounting fees; costs incident to reviewing or
investigating any potential business venture; and maintaining our good standing
as a corporation in our state of organization.  We do not have any cash
reserves to pay for our administrative expenses for the next 12 months.  In
the event that additional funding is required in order to keep us in good
standing, we may attempt to raise such funding through loans or through
additional sales of our common stock.           Item 3.  Quantitative and
Qualitative Disclosures About Market Risk.  Not required.  Item 4T.  Controls and Procedures.  Evaluation of disclosure controls and procedures  Our management, with the participation of our chief
executive officer and chief financial officer, evaluated the effectiveness of
our disclosure controls and procedures as defined in Rule 13a-15(e) under the
Exchange Act as of the end of the period covered by this Quarterly Report on
Form 10-Q.  In designing and evaluating the disclosure controls and
procedures, our management recognized that any controls and procedures, no
matter how well designed and operated, can provide only reasonable assurance of
achieving the desired control objectives.  In addition, the design of
disclosure controls and procedures must reflect the fact that there are resource
constraints and that management is required to apply its judgment in evaluating
the benefits of possible controls and procedures relative to their costs.
 The design of any disclosure controls and procedures also is based in part
upon certain assumptions about the likelihood of future events and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions.  Based on that evaluation, our chief executive officer and
chief financial officer concluded that, as of September 30, 2008, our disclosure
controls and procedures were, subject to the limitations noted above, effective
to provide reasonable assurance that information we are required to disclose in
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in Securities and
Exchange Commission rules, regulations and forms, and that such information is
accumulated and communicated to our management, including our chief executive
officer and chief financial officer, as appropriate, to allow timely decisions
regarding required disclosure.  Changes in internal control over financial reporting  Our management, with the participation of
the chief executive officer and chief financial officer, has concluded there
were no significant changes in our internal controls over financial reporting
that occurred during our last fiscal quarter that has materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.  PART II - OTHER INFORMATION   Item 1. Legal Proceedings.  None; not applicable.  Item 1A.  Risk
Factors.  Not required.   Item 2. Unregistered Sales of Equity Securities and
Use of Proceeds.  None; not applicable.   Item 3. Defaults Upon Senior Securities.  None; not applicable.   Item 4. Submission of Matters to a Vote of Security
Holders.  None; not applicable.          Item 5. Other Information.   None; not applicable.  Item 6. Exhibits.   Exhibit No.                       Identification
of Exhibit  31.1

31.2

32
Certification Pursuant to Section 302 of the
Sarbanes-Oxley Act provided by Michael Vardakis,  President and
Director.
Certification Pursuant to Section 302 of the
Sarbanes-Oxley Act provided by Melissa Ladakis, Secretary, Treasurer and
Director
Certification Pursuant to 18 U.S.C. Section 1350,
as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
provided by Michael Vardakis, President and Melissa Ladakis,
 Secretary/Treasurer, and Director.      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  Gulf & Orient Steamship
Company, Ltd.  Date:
November 10, 2008

By:
/s/Michael VardakisMichael Vardakis, President and Director   Date:
*November 10, 2008*

By:
/s/Melissa LadakisMelissa Ladakis ,Secretary,  Treasurer and
Director