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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K

                        FOR ANNUAL AND TRANSITION REPORTS
                     PURSUANT TO SECTIONS 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      |X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004

                                       OR

    |_| 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: 000-29541

                            BRONCO ENERGY FUND, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                       NEVADA                           86-0972709
           (STATE OR OTHER JURISDICTION OF            (IRS EMPLOYER
           INCORPORATION OR ORGANIZATION)          IDENTIFICATION NO.)

                         2920 NORTH SWAN ROAD, SUITE 206
                                TUCSON, AZ 85712
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (520) 977-9654

        SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: NONE

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
                             COMMON STOCK, PAR VALUE
                                (TITLE OF CLASS)

<PAGE>

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 |_| Indicate by check mark
if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not
contained  herein,  and  will  not be  contained,  to the  best of  registrant's
knowledge,  in  definitive  proxy  or  information  statements  incorporated  by
reference in Part III of this Form 10-K or any amendment to this Form 10-K.  |_|
Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Act). Yes |_| No |X| The registrant's  common stock
is not listed on any  exchange nor does it trade on any  established  securities
market or other market.  At March 30, 2004,  the  aggregate  market value of all
shares of voting stock held by  non-affiliates  was $0.00.  In determining  this
figure, the Registrant has assumed that all directors and executive officers are
affiliates.  Such  assumption  shall  not be  deemed  conclusive  for any  other
purpose.  The number of shares  outstanding  of each  class of the  Registrant's
common  stock,  as of March 30,  2005,  was as follows:  Common  Stock $.001 par
value, 11,376,000 shares.


                       DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference,  briefly describe them
and identify the part of the Form 10-K (e.g.,  Part I, Part II, etc.) into which
the document is incorporated: (1) any annual report to security holders; (2) any
proxy or information  statement;  and (3) any prospectus  filed pursuant to Rule
424(b) or (c) of the Securities Act of 1933 ("Securities Act"): NONE




<PAGE>




                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                                FORM 10-K
ITEM NO.                                                                                       REPORT PAGE
--------                                                                                       -----------
                                                 PART I
<S>                                                                                            <C>
   1. Business                                                                                       1

   2. Properties                                                                                    14

   3. Legal Proceedings                                                                             14

   4.     Submission of Matters to a Vote of Security Holders                                       14

                                                 PART II

   5.     Market for Registrant's Common Equity and Related Stockholder Matters                     14

   6. Selected Financial Data                                                                       16

   7. Management's Discussion and Analysis of Financial Condition and Results of
Operations 16

   7A.    Quantitative and Qualitative Disclosures About Market Risk                                17

   8. Financial Statements and Supplementary Data                                                   18

   9. Changes in and Disagreements  with Accountants on Accounting and Financial
Disclosure                                                                                          29

   9A     Controls and Procedures                                                                   29

                                                PART III

   10.    Managers and Executive Officers of the Registrant                                         29

   11. Executive Compensation                                                                       32

   12.    Security Ownership of Certain Beneficial Owners and Management                            33

   13. Certain Relationships and Related Transactions                                               35

   14. Principal Accountant Fees and Services                                                       35

                                                 PART IV

   15. Exhibits and Financial Statement Schedules                                                   36
</TABLE>



<PAGE>

--------------------------------------------------------------------------------
                     FACTORS THAT MAY AFFECT FUTURE RESULTS

The Company's  prospects are subject to certain  uncertainties  and risks.  This
Annual Report on Form 10-K contains certain  forward-looking  statements  within
the  meaning  of the  federal  securities  laws  that also  involve  substantial
uncertainties and risks. The Company's future results may differ materially from
its  historical  results and actual results could differ  materially  from those
projected in the forward-looking statements as a result of certain risk factors.
READERS SHOULD PAY PARTICULAR  ATTENTION TO THE CONSIDERATIONS  DESCRIBED IN THE
SECTION  OF THIS  REPORT  ENTITLED  "MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF
FINANCIAL  CONDITION AND RESULTS OF  OPERATIONS."  Readers should also carefully
review the risk factors  described in the other  documents the Company files, or
has filed, from time to time with the Securities and Exchange Commission.
--------------------------------------------------------------------------------

                                     PART I

ITEM 1. BUSINESS.

                                     GENERAL

Bronco Energy Fund, Inc. (the "Company"), is a Nevada corporation formed in June
1997, with its principal offices and operations center in Tucson, Arizona.

Bronco Energy Fund, Inc., formerly known as Green Clover Luck Corporation, filed
on December 21, 2004, a  notification  under Form N54a with the U.S.  Securities
and Exchange Commission,  (the "SEC") indicating its election to be regulated as
a business  development  company under the  Investment  Company Act of 1940 (the
"1940 Act"). In connection with this election, the Company has adopted corporate
resolutions and intends to operate as a closed-end management investment company
as  a  business  development  company  (a  "BDC").  We  have  conducted  limited
operations to date and do not have not made any  investments.  Under this recent
election,  we have been organized to provide  investors with the  opportunity to
participate,  with a modest amount in venture  capital,  in investments that are
generally not available to the public and that typically  require  substantially
larger  financial  commitments.   In  addition,  we  will  provide  professional
management and  administration  that might otherwise be unavailable to investors
if they were to engage directly in venture capital investing. We have decided to
be  regulated  as a business  development  company  under the 1940 Act, and will
operate as a non-diversified  company as that term is defined in Section 5(b)(2)
of the 1940 Act. We will at all times  conduct our  business so as to retain our
status as a BDC. We may not change the nature of our  business so as to cease to
be, or withdraw  our election as, a BDC without the approval of the holders of a
majority of our outstanding voting stock as defined under the 1940 Act.

As a business development company, we are required to invest at least 70% of our
total assets in qualifying assets, which,  generally,  are securities of private
companies or securities of public  companies  whose  securities are not eligible
for  purchase on margin  (which  includes  many  companies  with  thinly  traded
securities that are quoted in the pink sheets or the NASD  Electronic  Quotation
Service).  We must also offer to provide  significant  managerial  assistance to
these portfolio companies. Qualifying assets may also include:

o        cash,
o        cash equivalents,
o        U.S. Government securities, or
o        high-quality  debt  investments  maturing  in one year or less from the
         date of investment.

We may invest a portion of the  remaining 30% of our total assets in debt and/or
equity securities of companies that may be larger or more stabilized than target
portfolio companies.


                                       1
<PAGE>

NATURE OF A BDC

The 1940 Act defines a BDC as a closed-end  management  investment  company that
provides small  businesses  that qualify as an eligible  portfolio  company with
investment capital and also significant managerial assistance. A BDC is required
under the 1940 Act to invest  at least  70% of its  total  assets in  qualifying
assets consisting of eligible portfolio companies as defined in the 1940 Act and
certain other assets including cash and cash equivalents.

An eligible  portfolio  company generally is a United States company that is not
an investment company and that:

o        does  not have a class  of  securities  registered  on an  exchange  or
         included in the Federal Reserve Board's over-the-counter margin list;
o        is actively  controlled  by a BDC and has an  affiliate of a BDC on its
         board of directors; or
o        meets such other criteria as may be established by the SEC.

Control  under the 1940 Act is  presumed to exist where a BDC owns more than 25%
of the outstanding voting securities of the eligible  portfolio company.  We may
or may not control our portfolio companies.

An  example  of an  eligible  portfolio  company  is a new start up company or a
privately  owned  company  that has not yet gone public by selling its shares in
the open market and has not applied for having its shares listed on a nationally
recognized  exchange  such as the NYSE the  American  Stock  Exchange,  National
Association of Securities  Dealers' Automated  Quotation System, or the National
Market System. An eligible portfolio company can also be one which is subject to
filing, has filed, or has recently emerged from reorganization  protection under
Chapter 11 of the Bankruptcy Act.

A BDC may invest the remaining 30% of its total assets in non-qualifying assets,
including  companies that are not eligible  portfolio  companies.  The foregoing
percentages will be determined, in the case of financings in which a BDC commits
to provide financing prior to funding the commitment, by the amount of the BDC's
total assets  represented by the value of the maximum amount of securities to be
issued by the borrower or lessee to the BDC pursuant to such commitment.

As a BDC, we must invest at least 70% of our total assets in qualifying assets.

PRIMARY STRATEGY

We will have significant  relative  flexibility in selecting and structuring our
investments.  We will not be subject to many of the regulatory  limitations that
govern traditional lending institutions such as banks. We will seek to structure
our  investments  so as to take  into  account  the  uncertain  and  potentially
variable financial  performance of our portfolio  companies.  This should enable
our  portfolio  companies  to retain  access to  committed  capital at different
stages in their  development and eliminate some of the  uncertainty  surrounding
their  capital  allocation  decisions.  We will  calculate  rates of  return  on
invested capital based on a combination of up-front commitment fees, current and
deferred  interest rates and residual values,  which may take the form of common
stock,  warrants,  equity  appreciation  rights or future contract payments.  We
believe that this flexible  approach to structuring  investments will facilitate
positive,  long-term relationships with our portfolio companies and enable us to
become a  preferred  source of capital to them.  We also  believe  our  approach
should enable debt financing to develop into a viable alternative capital source
for  funding  the  growth of target  companies  that wish to avoid the  dilutive
effects of equity financings for existing equity holders.

Longer  Investment  Horizon - We will not be subject to periodic  capital return
requirements. These requirements, which are standard for most private equity and
venture  capital funds,  typically  require that these funds return to investors
the initial  capital  investment  after a  pre-agreed  time,  together  with any
capital  gains on such capital  investment.  These  provisions  often force such
funds to seek the return of their  investments  in portfolio  companies  through
mergers,  public equity  offerings or other  liquidity  events more quickly than
they  otherwise  might,  which can result in a lower overall return to investors
and adversely affect the ultimate viability of the affected portfolio companies.
Because we may invest in the same  portfolio  companies as these  funds,  we are


                                       2
<PAGE>

subject to these risks if these funds  demand a return on their  investments  in
the portfolio  companies.  We believe that our flexibility to take a longer-term
view should  help us to maximize  returns on our  invested  capital  while still
meeting the needs of our portfolio companies.

Established Deal Sourcing Network - We believe that,  through our management and
directors,  we have solid contacts and sources from which to generate investment
opportunities. These contacts and sources include:

o        public and private companies,
o        investment bankers,
o        attorneys,
o        accountants,
o        consultants, and
o        commercial bankers.

However,  we  cannot  assure  you  that  such  relationships  will  lead  to the
origination of debt or other investments.

INVESTMENT CRITERIA

We have adopted a policy to invest, under normal circumstances,  at least 80% of
the value of our assets in companies in the energy industry. We will provide our
shareholders  with at least 60 days prior notice of any change in this policy to
invest primarily in the energy industry.

As a matter of policy,  we will not purchase or sell real estate or interests in
real estate or real estate investment trusts except that we may:

o        purchase and sell real estate or interests in real estate in connection
         with the orderly  liquidation  of  investments,  or in connection  with
         foreclosure on collateral;
o        own the  securities  of  companies  that are in the business of buying,
         selling or  developing  real estate;  or
o        finance the purchase of real estate by our portfolio companies.

We will limit our  investments in more  traditional  securities  (stock and debt
instruments) and will not, as a matter of policy:

o        sell  securities  short  except  with  regard  to  managing  the  risks
         associated  with  publicly-traded  securities  issued by our  portfolio
         companies;
o        Purchase  securities  on  margin  (except  to the  extent  that  we may
         purchase  securities with borrowed money);  or
o        engage in the purchase or sale of commodities  or commodity  contracts,
         including  futures  contracts  except  where  necessary  in working out
         distressed loan; or
o        investment  situations or in hedging the risks associated with interest
         rate  fluctuations,  and,  in such  cases,  only  after  all  necessary
         registrations  or  exemptions  from  registration  with  the  Commodity
         Futures Trading Commission have been obtained.

Prospective  Portfolio  Company  Characteristics  - We have  identified  several
criteria  that we  believe  will  prove  important  in  seeking  our  investment
objective with respect to target companies.  These criteria will provide general
guidelines for our investment  decisions;  however,  we caution readers that not
all of these criteria will be met by each prospective portfolio company in which
we choose to invest.

Experienced  Management - We will generally require that our portfolio companies
have an  experienced  president  or  management  team.  We will also require the
portfolio  companies to have in place proper  incentives to induce management to
succeed and to act in concert with our interests as investors,  including having


                                       3
<PAGE>

significant  equity  interests.  We intend to  provide  assistance  in this area
either  supervising   management  or  providing  management  for  our  portfolio
companies.

Products or Services - We will seek  companies  that are involved in products or
services  that  do  not  require  significant  additional  capital  or  research
expenditures. In general, we will seek target companies that make innovative use
of proven technologies or methods.

Proprietary  Advantage - We expect to favor companies that can demonstrate  some
kind of proprietary  sustainable  advantage  with respect to their  competition.
Proprietary advantages include, but are not limited to:

o        patents or trade  secrets with respect to owning or  manufacturing  its
         products, and
o        a demonstrable and sustainable marketing advantage over its competition

Marketing  strategies  impose unusual  burdens on management to be  continuously
ahead of its competition, either through some kind of technological advantage or
by being continuously more creative than its competition.

Profitable or Nearly Profitable  Operations Based on Cash Flow from Operations -
We will focus on target companies that are profitable or nearly profitable on an
operating cash flow basis.

Potential  for Future  Growth - We will  generally  require  that a  prospective
target  company,  in addition to  generating  sufficient  cash flow to cover its
operating  costs and service its debt,  demonstrate  an ability to increase  its
revenues and operating  cash flow over time.  The  anticipated  growth rate of a
prospective target company will be a key factor in determining the value that we
ascribe  to any  warrants  or other  equity  securities  that we may  acquire in
connection with an investment in debt securities.

Exit Strategy - Prior to making an investment  in a portfolio  company,  we will
analyze the  potential  for that company to increase the liquidity of its common
equity through a future event that would enable us to realize  appreciation,  if
any, in the value of our equity interest. Liquidity events may include:

o        an initial public offering,
o        a private sale of our equity interest to a third party,
o        a merger or an acquisition of the portfolio company, or
o        a purchase of our equity  position by the  portfolio  company or one of
         its stockholders.

We may  acquire  warrants  to  purchase  equity  securities  and/or  convertible
preferred stock of the eligible portfolio companies in connection with providing
financing.  The terms of the warrants,  including the expiration date,  exercise
price and terms of the equity  security for which the warrant may be  exercised,
will be negotiated  individually with each eligible portfolio company,  and will
likely be affected by the price and terms of  securities  issued by the eligible
portfolio company to other venture  capitalists and other holders. We anticipate
that most  warrants  will be for a term of five to ten  years,  and will have an
exercise price based upon the price at which the eligible portfolio company most
recently  issued  equity  securities  or, if a new equity  offering is imminent,
equity securities. The equity securities for which the warrant will be exercised
generally  will be common  stock of which  there may be one or more  classes  or
convertible  preferred  stock.  Substantially  all the warrants  and  underlying
equity  securities will be restricted  securities under the 1933 Act at the time
of the issuance.  We will generally  negotiate for registration  rights with the
issuer that may provide:

o        "piggyback"  registration  rights,  which will permit us under  certain
         circumstances,  to include some or all of the securities owned by us in
         a registration statement filed by the eligible portfolio company, or
o        in  circumstances,  "demand"  registration  rights  permitting us under
         certain  circumstances,  to require the eligible  portfolio  company to
         register  the  securities  under  the 1933  Act,  in some  cases at our
         expense.  We will  generally  negotiate net issuance  provisions in the


                                       4
<PAGE>

         warrants,  which will allow us to receive upon  exercise of the warrant
         without  payment of any cash a net amount of shares  determined  by the
         increase in the value of the issuer's  stock above the  exercise  price
         stated in the warrant.

Liquidation  Value of  Assets -  Although  we do not  intend  to  operate  as an
asset-based  lender,  the prospective  liquidation  value of the assets, if any,
collateralizing  any debt securities that we hold will be an important factor in
our credit analysis. We will emphasize both tangible assets, such as:

o        accounts receivable,
o        inventory, and
o        equipment,

and intangible assets, such as:

o        intellectual property,
o        customer lists,
o        networks, and
o        databases.

INVESTMENT PROCESS

Due  Diligence  -  If a  target  company  generally  meets  the  characteristics
described above, we will perform initial due diligence, including:

o        company and  technology  assessments,
o        existing management team,
o        market analysis,
o        competitive  analysis,
o        evaluation  of  management,  risk  analysis  and  transaction  size,
o        pricing, and
o        structure analysis.

Much of this work  will be done by  management  and  professionals  retained  by
management.  The criteria  delineated  above provide general  parameters for our
investment  decisions.  We intend to pursue an  investment  strategy  by further
imposing  such  criteria  and  reviews  that  best  insures  the  value  of  our
investments.  As unique circumstances may arise or be uncovered, not all of such
criteria will be followed in each instance but the process  provides a guideline
by  which  investments  can be  prudently  made  and  managed.  Upon  successful
completion of the  preliminary  evaluation,  we will decide whether to deliver a
non-binding  letter of intent  and move  forward  towards  the  completion  of a
transaction.

In our review of the management team, we look at the following:

o        Interviews with management and significant shareholders,  including any
         financial or strategic sponsor;
o        Review of financing history;
o        Review of management's track record with respect to:
         o        product development and marketing,
         o        mergers and acquisitions,
         o        alliances,
         o        collaborations,
         o        research  and  development  outsourcing  and  other  strategic
                  activities;
o        Assessment of competition; and
o        Review of exit strategies.



                                       5
<PAGE>

In our review of the financial conditions, we look at the following:

o        Evaluation of future financing needs and plans;
o        Detailed analysis of financial performance;
o        Development of pro forma financial projections; and
o        Review of assets and liabilities,  including contingent liabilities, if
         any, and legal and regulatory risks.

In our review of the products and services of the portfolio company,  we look at
the following:

o        Evaluation of intellectual property position;
o        Review of existing customer or similar  agreements and arrangements;
o        Analysis of core technology;
o        Assessment of collaborations;
o        Review of sales and  marketing  procedures;  and
o        Assessment of market and growth potential.

Upon  completion  of these  analyses,  we will conduct  on-site  visits with the
target company's management team. Also, in cases in which a target company is at
a mature  stage  of  development  and if  other  matters  that  warrant  such an
evaluation, we will obtain an independent appraisal of the target company.

ONGOING RELATIONSHIPS WITH PORTFOLIO COMPANIES

Monitoring - We will  continuously  monitor our portfolio  companies in order to
determine  whether they are meeting our financing  criteria and their respective
business  plans.  We may decline to make  additional  investments  in  portfolio
companies that do not continue to meet our financing  criteria.  However, we may
choose to make additional  investments in portfolio companies that do not do so,
but we believe that we will nevertheless perform well in the future.

We will monitor the  financial  trends of each  portfolio  company to assess the
appropriate  course of action for each company and to evaluate overall portfolio
quality. Our management team and consulting professionals, who are well known by
our management  team,  will closely  monitor the status and  performance of each
individual company on at least a quarterly and, in some cases, a monthly basis.

We will use several  methods of evaluating and monitoring  the  performance  and
fair value of our debt and equity  positions,  including  but not limited to the
following:

o        Assessment  of  business   development   success,   including   product
         development,  financings,  profitability  and the  portfolio  company's
         overall adherence to its business plan;
o        Periodic  and regular  contact with  portfolio  company  management  to
         discuss financial position, requirements and accomplishments;
o        Periodic and regular formal update  interviews  with portfolio  company
         management and, if appropriate, the financial or strategic sponsor;
o        Attendance at and participation in board meetings;
o        Review of monthly and  quarterly  financial  statements  and  financial
         projections for portfolio companies.

Managerial Assistance - As a business development company, we will offer, and in
many cases may  provide,  significant  managerial  assistance  to our  portfolio
companies. This assistance will typically involve:

o        monitoring the operations of our portfolio  companies,
o        participating in their board and management meetings,
o        consulting  with and advising  their  officers,  and
o        providing other organizational and financial guidance.



                                       6
<PAGE>

DIVERSIFICATION

As a BDC, we must invest at least 70% of our total assets in  qualifying  assets
consisting  of  investments  in eligible  portfolio  companies and certain other
assets  including  cash and cash  equivalents.  In  order to  receive  favorable
pass-through tax treatment on its distributions to our  shareholders,  we intend
to  diversify  our pool of  investments  in such a manner so as to  qualify as a
diversified closed end management  investment company.  However,  because of the
limited  size of the  funding  which is  likely to be  available  to us, we will
likely be classified as a  non-diversified  closed end investment  company under
the 1940 Act. Until we qualify as a regulated investment company, we will not be
subject  to the  diversification  requirements  applicable  to  RICs  under  the
Internal Revenue Code. Therefore, we will not receive favorable pass through tax
treatment on distributions to our  shareholders.  In the future, we will seek to
increase the  diversification of our portfolio so as to make it possible to meet
the RIC diversification  requirements, as described below. We cannot assure you,
however, that we will ever be able to meet those requirements.

To qualify as a RIC, we must meet the issuer diversification standards under the
Internal  Revenue  Code that require  that,  at the close of each quarter of our
taxable year,

o        not more than 25% of the market  value of our total  assets is invested
         in the securities of a single issuer, and
o        at least 50% of the market value of our total assets is  represented by
         cash, cash items, government securities,  securities of other RICs, and
         other securities.  Each investment in these other securities is limited
         so that not more than 5% of the  market  value of our  total  assets is
         invested in the  securities  of a single  issuer and we do not own more
         than 10% of the outstanding voting securities of a single issuer.

For purposes of the  diversification  requirements  under the  Internal  Revenue
Code, the  percentage of our total assets  invested in securities of a portfolio
company will be deemed to refer, in the case of financings in which we commit to
provide  financing prior to funding the  commitment,  to the amount of our total
assets  represented  by the  value  of the  securities  issued  by the  eligible
portfolio company to us at the time each portion of the commitment is funded.

INVESTMENT AMOUNTS

The  amount  of  funds  committed  to a  portfolio  company  and  the  ownership
percentage  received  will  vary  depending  on the  maturity  of the  portfolio
company,  the quality and  completeness  of the portfolio  company's  management
team,  the perceived  business  opportunity,  the capital  required  compared to
existing capital,  and the potential return.  Although  investment  amounts will
vary considerably,  we expect that the average  investment,  including follow-on
investments, will be between $25,000 and $500,000.

COMPETITION

Our primary  competitors to provide  financing to target  companies will include
private  equity and venture  capital funds,  other equity and  non-equity  based
investment funds and investment banks and other sources of financing,  including
traditional  financial services companies such as commercial banks and specialty
finance companies.  Many of these entities have substantially  greater financial
and  managerial  resources  than we will have.  We believe that our  competitive
advantage  with  regard to quality  target  companies  relates to our ability to
negotiate  flexible  terms and to complete our review process on a timely basis.
We cannot assure you that we will be successful in implementing our strategies.

                          THE COMPANY AND ITS STRUCTURE

THE BOARD OF DIRECTORS AND ITS COMMITTEES

The Board of Directors is  empowered to manage and oversee the  operations  of a
BDC. As such,  these decisions will be made according to guidelines  adopted for
that purpose. Directors will be paid up to $1,000 per board meeting, and will be


                                       7
<PAGE>

reimbursed  by the Company for any  expenses  incurred in  attending  directors'
meetings,  provided  that the Company has the cash  resources to pay these fees.
The  Company  will  consider  applying  for  officers  and  directors  liability
insurance at such time when it has the resources to do so.

AUDIT COMMITTEE

An  Audit  Committee  charter  has  been  accepted  and  under  the  independent
directorship control of a majority of independent directors. The audit committee
will review the results  and scope of the audit and other  services  provided by
the  independent  auditors  and  review  and  evaluate  the  system of  internal
controls.  The audit committee will assist in determining the carrying values of
portfolio investments.

INVESTMENT COMMITTEE

An  Investment  Committee  charter and policy has been approved by, and is under
the directorship control of, a majority of independent  directors.  The function
of the charter and the committee  will be to review and approve all  investments
in excess of $25,000 and assist in determining  the carrying values of portfolio
investments.

COMPENSATION COMMITTEE

A Compensation  Committee  charter and policy has been approved by, and is under
the  directorship  of, a majority of independent  directors.  The purpose of the
compensation  committee  will be to manage any stock  option plan and review and
recommend compensation arrangements for the directors and officers.

NOMINATING COMMITTEE

A  Nominating  Committee  charter has been  accepted  and under the  independent
directorship control of a majority of independent directors. The primary role of
the  Nominating  Committee is to actively seek  individuals  qualified to become
members of the board of directors,  while ensuring that proper  evaluations  and
performances are upheld within the boards.

VERIFICATION OF INDEPENDENT DIRECTORS

A  resolution  has been  adopted  and a policy for  determination  of  Directors
independence has been established. Our independent directors have proclaimed and
established   themselves  as  independent  via  the  following  proclamation  as
established by the Independence Charter, including:

o        within the last five (5) years,  has not received more than $50,000 per
         year  in  direct  compensation  from  the  Corporation  or  any  of its
         affiliates  other than director and committee fees and pension or other
         forms  of  deferred  compensation  for  prior  service  (provided  such
         compensation is not contingent in any way on continued service);
o        within  the  last  five (5)  years,  has not  been  affiliated  with or
         employed by any independent  audit firm presently  acting as auditor of
         the  Corporation or an affiliate of the  Corporation or having acted as
         such an auditor during the previous 5 years;
o        within  the  past  five  (5)  years,   has  had  no  personal   service
         relationships and has not been affiliated with an organization that has
         had a personal service  relationship  with the  Corporation,  or with a
         member of the Corporation's senior management;
o        within the past (5) years,  has not  accepted  any fee or  compensation
         from the Corporation other than director's fees and compensation;
o        within  the last  five (5)  years,  has not had any  material  business
         relationship  (such as commercial,  industrial,  consulting,  legal, or
         accounting)  with the  Corporation  for which the  Corporation has been
         required to make disclosure  under Regulation S-K of the Securities and
         Exchange Commission; and;
o        within  the past five (5) years,  has not been part of an  interlocking
         directorate in which an executive officer of the Corporation  serves on
         the  compensation  committee  or a  committee  of a  similar  nature of
         another company that concurrently employs the director.



                                       8
<PAGE>

STOCK OPTION PLAN

There presently is no stock option plan.

EXECUTIVE COMPENSATION

No officer, director or employee has received any cash compensation to date, and
no director,  officer or employee has a contract or commitment to receive annual
compensation  in excess of $100,000.  We have an  employment  contract  with Dan
Baker, our President, for a salary in the amount of $60,000 per year. We have an
employment  contract with James  Marshall,  our  Treasurer,  for a salary in the
amount of $36,000 per year. We have an employment  contract with Kevin Sherlock,
our Secretary,  for a salary in the amount of $36,000 per year. We have no other
employment  contracts or commitments.  These officer  salaries are contingent on
the  Company  having the cash flow and/or  cash  reserves to meet its  operating
expenses.

CONFLICTS OF INTEREST

None of our key  personnel  is required to commit full time to our affairs  and,
accordingly,  these  individuals  may have  conflicts of interest in  allocating
management time among their various business activities.  In the course of their
other business activities,  certain key personnel may become aware of investment
and business  opportunities  which may be appropriate for presentation to us, as
well as the other  entities with which they are  affiliated.  As such,  they may
have conflicts of interest in determining to which entity a particular  business
opportunity should be presented.

Each officer and  director  is, so long as he is officer or director  subject to
the  restriction  that all  opportunities  contemplated by our plan of operation
that come to his  attention,  either in the  performance of his duties or in any
other manner,  will be considered  opportunities of, and be made available to us
and the companies that he is affiliated with on an equal basis. A breach of this
requirement will be a breach of the fiduciary duties of the officer or director.
If we, or the companies to which the officer or director is  affiliated,  desire
to take advantage of an  opportunity,  then the  applicable  officer or director
would abstain from negotiating and voting upon the opportunity.  However, to the
extent  permitted under the 1940 Act, the officer or director may take advantage
of  opportunities  if we  should  decline  to do so.  We have  adopted  a formal
conflict of interest policy in connection with these types of transactions.

CODE OF ETHICS

We have adopted a code of ethics  pursuant to Rule 17j-1 under the 1940 Act that
establishes  procedures for personal  investments and restricts certain personal
securities transactions. Personnel subject to each code may invest in securities
for  their  personal  investment  accounts,  including  securities  that  may be
purchased or held by us, so long as such investments are made in accordance with
the code's requirements.

EMPLOYEES

As of March 30, 2005,  we had 3 employees.  Various  aspects of due diligence of
prospective  portfolio  companies  and  monitoring  the  activities of portfolio
companies  may  be  subcontracted  to  consultants.   The  Company  may  require
additional employees in the areas of administration,  sales and marketing,  etc.
in the future and as additional  portfolio companies are added. There is intense
competition  for capable,  experienced  personnel  and there is no assurance the
Company  will be able to obtain  new  qualified  employees  when  required.  The
Company believes its relations with its employees are good.




                                       9
<PAGE>

                         FINANCIAL AND OTHER INFORMATION

FINANCIAL INFORMATION

We have  conducted  limited  operations  to date  and do not  have  not made any
investments, and has no revenues or assets.

PORTFOLIO INVESTMENTS.

The Company  presently  has no portfolio  investments.  In February,  2005,  the
Company formed four wholly owned subsidiaries:

Bronco Coal Co., an Arizona corporation
Bronco Emerging Technologies, Co., an Arizona corporation
Bronco Green Power Co., an Arizona corporation
Bronco Coal Company, an Utah corporation

TAX INFORMATION

The  following  is a general  summary of certain  of the United  States  Federal
income tax laws relating to us and our future  investors if any. This discussion
is based on the  Internal  Revenue  Code,  regulations,  published  rulings  and
procedures  and court  decisions as of the date hereof  pertaining  to Regulated
Investment  Companies  (an "RIC") and  Ordinary  Corporations  (typically  taxed
pursuant to Subchapter C of the Internal  Revenue Code). The tax law, as well as
the  implementation  thereof,  is subject to change,  and any such change  might
interfere  with our ability  ever to qualify as a RIC or, if we so  qualify,  to
maintain such  qualification.  This discussion does not purport to deal with all
of the United States Federal income tax consequences  applicable to us or to all
categories  of  investors,  some of whom may be  subject to  special  rules.  In
addition,  it does not address state, local,  foreign or other taxes to which we
or our investors may be subject, or any proposed changes in applicable tax laws.
Investors should consult their tax advisers with respect to an investment in our
securities.

Taxation of the Company as an Ordinary  Corporation - We anticipate that, in the
future,  we will  seek  to  meet  the  requirements,  including  diversification
requirements,  to qualify for the special  pass-through status available to RICs
under the Internal  Revenue Code,  and thus to be relieved of Federal income tax
on that part of our net  investment  income and realized  capital  gains that we
distribute to shareholders. Unless and until we meet these requirements, we will
be taxed as an ordinary corporation on our taxable income even if that income is
distributed  to  shareholders,  and all  distributions  out of our  earnings and
profits will be taxable to shareholders as dividends.  Thus, such income will be
subject to a double layer of tax although corporate shareholders may be entitled
to a dividends-received  deduction.  We cannot assure you that we will ever meet
the  requirements to qualify as a RIC. If we are unable to qualify for treatment
as a RIC,  we would not be able to deduct  distributions  to  stockholders,  nor
would they be required to be made.

Taxation of the Company as a RIC.  Consequences  of Converting  from an Ordinary
Corporation  to a RIC - In order to qualify as a RIC, we must, at the end of the
first year in which we so qualify, have no accumulated earnings and profits from
years in which we were not taxed as a RIC.  To meet this  requirement,  we must,
before the end of the first year in which we  qualify  as a RIC,  distribute  as
dividends all of our accumulated earnings and profits.

RIC Qualification  Requirements - To qualify as a RIC, we must distribute to our
shareholders  for each  taxable  year at  least  90% of our  investment  company
taxable income consisting  generally of net investment income and net short-term
capital  gains  and  must  meet  several  additional  requirements.   Among  the
requirements are the following:

o        We must derive at least 90% of our gross  income each taxable year from
         dividends,  interest,  payments with respect to loans of securities and
         gains from the sale or other  disposition of securities or other income
         derived with respect to our business of investing in securities;
o        We must derive less than 30% of its gross income each taxable year from
         gains from the sale or other  disposition  of securities  held for less
         than three months;


                                       10
<PAGE>

o        We must  diversify  our assets so that, at the close of each quarter of
         our taxable  year,  not more than 25% of the market  value of our total
         assets  is  invested  in the  securities  of a single  issuer or in the
         securities  of two or more issuers that we control and that are engaged
         in the same or  similar  trades  or  businesses  or  related  trades or
         businesses; and
o        at least 50% of the market value of our total assets is  represented by
         cash, cash items,  government securities,  securities of other RICs and
         other securities, with each investment in such other securities limited
         so that not more than 5% of the  market  value of our  total  assets is
         invested in the  securities  of a single  issuer and we do not own more
         than 10% of the outstanding voting securities of a single issuer; and
o        We must file an election to be treated as a RIC.  If,  after  initially
         qualifying  as a RIC, we fail to qualify for  treatment  as a RIC for a
         taxable  year,  we would be taxed  as an  ordinary  corporation  on our
         taxable income for that year and all  distributions out of our earnings
         and profits  would be taxable to  shareholders  as dividends  (that is,
         ordinary  income).  In such a case,  there may be  substantial  tax and
         other costs associated with re-qualifying as a RIC.

Taxation of the Company's Shareholders - Dividends paid to shareholders that are
attributable  to our net investment  income will be taxable to  shareholders  as
ordinary income.  Capital gain  distributions  are taxable as long-term  capital
gains  regardless  of how long the  shareholder  has held our shares.  It is not
anticipated  that a significant  portion of our  dividends  will qualify for the
dividends  received  deduction  for  corporations.  Distributions  are generally
taxable to shareholders at the time the distribution is received.  However,  any
distribution  declared  by the Company in October,  November or  December,  made
payable  to  shareholders  of  record  in such a month  and paid  the  following
January, is deemed to have been paid by the Company and received by shareholders
on December 31 of the year  declared.  This will prevent the  application of the
excise  tax to the  Company  as a  result  of the  delay in the  payment  of the
dividends.

If, for any calendar  year,  the Company's  total  distributions  exceed its net
investment income and net capital gains, the excess will generally be considered
a tax-free return of capital to a shareholder to the extent of the shareholder's
adjusted  basis in its shares and then as capital  gain.  The amount  treated as
tax-free  return of capital  will reduce the adjusted  basis of a  shareholder's
shares,  thereby increasing the potential gain or reducing the potential loss on
the sale of the shares.

In  general,  upon  the  sale  or  other  disposition  of  shares,  the  selling
shareholder  will recognize a gain or loss equal to the  difference  between the
amount realized on the sale and the seller's  adjusted basis in the shares.  Any
loss  realized  will be  disallowed  to the extent the seller has  acquired  (or
entered  into a contract to acquire)  substantially  identical  shares  within a
period  beginning  30 days before the  disposition  of shares and ending 30 days
after the  disposition.  In such case, the basis of the shares  acquired will be
adjusted to reflect the  disallowed  loss.  Gain or loss realized upon a sale of
shares  generally  will be treated as a capital  gain or loss.  The gain or loss
will be a long-term  capital  gain or loss if the shares were held for more than
one  year.  In  addition,  if the  shares  sold  were not held for more than six
months,  any loss on the sale will be treated as  long-term  capital loss to the
extent of any capital gain dividend  received by the shareholder with respect to
these shares.

The Company is required to withhold  amounts on distributions to individuals and
certain other  non-corporate  shareholders who do not provide the Company with a
correct  taxpayer  identification  number or who otherwise are subject to backup
withholding.

Federal  withholding  taxes at a rate of 30%, or a lesser treaty rate, may apply
to  distributions  to  shareholders  who  are  nonresident   aliens  or  foreign
partnerships,  trust or corporations.  The rules governing United States federal
income taxation of foreign  shareholders are complex,  and prospective  non-U.S.
shareholders  should consult with their own tax advisors to determine the impact
of  federal,  state and local  income tax laws with regard to an  investment  in
shares, including any reporting requirements.

Individuals and certain other  shareholders will be required to include in their
gross income an amount of certain Company expenses relating to the production of
gross  income  that  are  allocable  to  the  shareholder.  These  shareholders,
therefore,  will be deemed to receive gross income from the Company in excess of
the distributions  that they actually receive.  These allocated  expenses may be


                                       11
<PAGE>

deductible by an individual  shareholder as a miscellaneous  itemized deduction,
subject to the limitation on miscellaneous  itemized deductions not exceeding 2%
of adjusted gross income. The Company will notify shareholders following the end
of each calendar year of the amounts of dividends and capital gain distributions
paid or deemed paid during the year.

Tax-Exempt  Investors.  Qualified  plans,  individual  retirement  accounts  and
investors exempt from taxation under the internal Revenue Code Section 501(c)(3)
are generally exempt from taxation except to the extent that they have unrelated
business  taxable income,  determined in accordance  with Internal  Revenue Code
Sections  511-514.  If  the  Company  qualifies  as a  RIC,  it is  likely  that
distributions to a tax-exempt  entity  shareholder that are treated as dividends
will not be considered UBTI and will therefore be exempt from federal income tax
even if the Company  borrows to acquire its  investment  assets.  Under  Section
512(b) of the Internal Revenue Code, UBTI does not include dividends received by
a tax-exempt  entity.  As a general rule, the income tax provisions  relating to
corporation  apply to RICs,  unless  Subchapter M of the  Internal  Revenue Code
provides  otherwise,  and thus Section  512(b) should apply to exclude from UBTI
dividends  paid  by a RIC  to a  tax-exempt  entity.  This  conclusion  is  also
supported by Revenue Ruling 66-106, which applies Section 512(b) to exclude from
UBTI dividends paid to the tax-exempt  shareholders of a real estate  investment
trust, a conduit entity that invests in real estate and is substantially similar
to a RIC for tax purposes,  on the same theory.  However, if a tax-exempt entity
borrows  money to purchase its shares,  a portion of its income from the Company
will constitute UBTI pursuant to the "debt-financed property rules."

Social clubs, voluntary employee benefit associations, supplemental unemployment
benefit trusts, and qualified group legal service  organizations that are exempt
from taxation  under  Internal  Revenue Code Sections  501(c)(7),  (9), (17) and
(20),  respectively,  are subject to different UBTI rules,  which generally will
require them to characterize  distributions from the Company as UBTI.  Dividends
distributions  by the  Company to a  charitable  organization  that is a private
foundation should constitute investment income for purposes of the excise tax on
net  investment  income of private  foundations  imposed by Section  4940 of the
Internal Revenue Code.

INFORMATION REPORTING AND BACKUP WITHHOLDING

We  must  report   annually  to  the  IRS  the  amount  of  dividends  or  other
distributions we pay to you on your shares of our common stock and the amount of
tax we withhold on these  distributions  regardless  of whether  withholding  is
required.  The IRS may make copies of the  information  returns  reporting those
dividends and amounts  withheld  available to the tax authorities in the country
in which you reside  pursuant  to the  provisions  of an  applicable  income tax
treaty or exchange of information treaty.

The United States  imposes a backup  withholding  tax  (currently at the rate of
30%, but subject to future  adjustment)  on dividends and certain other types of
payments to certain U.S. persons, non U.S. Persons and non-resident U.S. aliens

With respect to certain U.S. persons,  any amounts withheld with respect to your
shares of our common stock under the backup  withholding  rules will be refunded
to you or credited  against your U.S.  federal income tax liability,  if any, by
the IRS if the required information is furnished in a timely manner.

OTHER REGULATORY MATTERS

We are a business  development company under the 1940 Act. The 1940 Act contains
prohibitions  and  restrictions   relating  to  transactions   between  business
development companies and their affiliates, including any investment advisers or
sub-advisers,  principal  underwriters  and  affiliates  of those  affiliates or
underwriters and requires that a majority of the directors be persons other than
interested  persons,  as that term is defined in the 1940 Act. In addition,  the
1940 Act  provides  that we may not change the nature of our  business  so as to
cease to be, or to withdraw  our  election  as, a business  development  company
unless approved by a majority of our outstanding voting securities.



                                       12
<PAGE>

We are permitted,  under  specified  conditions,  to issue  multiple  classes of
indebtedness  and one  class of stock  senior to our  common  stock if our asset
coverage,  as defined  in the 1940 Act,  is at least  equal to 200%  immediately
after  each such  issuance.  In  addition,  while any senior  securities  remain
outstanding,  we must  make  provisions  to  prohibit  any  distribution  to our
stockholders  or the repurchase of such  securities or shares unless we meet the
applicable  asset coverage ratios at the time of the distribution or repurchase.
We may also  borrow  amounts  up to 5% of the  value  of our  total  assets  for
temporary or emergency  purposes.  Regulations  governing our operation as a BDC
will affect our ability  to, and the way in which we raise  additional  capital,
which may  expose us to risks,  including  the  typical  risks  associated  with
leverage.

No new  pronouncement  issued by the Financial  Accounting  Standards Board, the
American  Institute  of  Certified  Public  Accountants  or the  Securities  and
Exchange  Commission  is  expected  to have a material  impact on the  Company's
financial position or reported results of operations.

DETERMINATION OF NET ASSET VALUE

The net asset value per share of our outstanding  shares of common stock will be
determined  quarterly,  as soon as practicable  after, and as of the end of each
calendar quarter,  by dividing the value of total assets minus total liabilities
by the number of shares  outstanding at the date as of which such  determination
is made.

In calculating the value of our total assets,  we will value securities that are
publicly  traded at the closing price on the valuation date for exchange  traded
and NASDAQ  listed  securities  or the  average of the bid and asked  prices for
other  securities.  Debt and equity securities that are not publicly traded will
be valued at fair value as determined in good faith by a valuation  committee of
our board of directors based on the recommendation by our investment adviser and
under valuation guidelines adopted by our board of directors,  and then approved
by our entire board of directors.  Initially, the fair value of these securities
will be their original cost.  Debt  securities  valued at cost would be revalued
for significant events affecting the issuer's  performance and equity securities
valued at cost would be revalued if  significant  developments  or other factors
affecting  the  investment  provide a basis for valuing the  security at a price
other than cost, such as

o        results of subsequent financing,
o        the availability of market quotations,
o        the portfolio company's operations and
o        changes in market conditions.

For warrants, our cost usually will be a nominal amount, such as $.01 per share.
Debt  securities  with  remaining  maturities  of 60 days or less at the time of
purchase will be valued at amortized cost.  Debt  securities  which are publicly
traded will be valued by using market quotations  obtained from pricing services
or dealers.  Our valuation  guidelines will be subject to periodic review by our
board of  directors  and may be revised in light of our  experience,  regulatory
developments or otherwise.

Determination  of fair values  involves  subjective  judgment and  estimates not
susceptible to substantiation by auditing procedures. Accordingly, under current
auditing  standards,  the notes to our  financial  statements  will refer to the
uncertainty  with respect to the  possible  effect of such  valuations,  and any
change in such valuations, on our financial statements.

INTERNATIONAL

The Company has no international operations, investments or holdings.



                                       13
<PAGE>

TECHNOLOGY PROTECTION POLICY AND DISCLAIMERS

The Company does not presently maintain any patents,  trademarks or trade names.
Due to the nature of business,  it is presently  anticipated that one or more of
its eligible  portfolio  companies as presently  contemplated  will benefit from
such  protection  and the  Company  will likely  seek  protection  or advise its
eligible  portfolio  companies  to do so.  The  Company  does  not  rely  on the
protections afforded under patents, trademarks or trade names laws generally but
advises that its eligible portfolio companies may and the failure to obtain such
protection or enforce rights granted there under may adversely  affect the value
of such portfolio companies.

GOVERNMENT REGULATION

Aside from  regulation  associated  with the  Company's  status as an investment
company under the Investment  Company Act of 1940, and as a 1933 Act filer,  the
Company is not subject to any additional government regulation.

INSURANCE

The Company does not carry director and officer liability insurance,  but Nevada
law provides for  indemnification  of a company's  officers and directors  under
certain  circumstances  (see  Indemnification).  The Company  does not carry any
additional  insurance.  The Company  will  consider  applying  for  officers and
directors liability insurance at such time when it has the resources to do so.

LEGAL PROCEEDINGS

The Company is not  presently  named as a defendant in any case and is not aware
of any pending or threatened litigation.

INDEMNIFICATION

As  permitted  by the  provisions  of the Nevada  General  Corporation  Law, the
Company  has the  power  to  indemnify  any  person  who was or is a party or is
threatened to be made a party to any  threatened,  pending or completed  action,
suit or proceeding, whether civil, criminal, administrative or investigative, by
reason of the fact that the person is or was a  director,  officer,  employee or
agent of the  corporation if such officer or director acted in good faith and in
a manner reasonably believed to be in or not opposed to the best interest of the
Company.  Any  such  person  may  be  indemnified  against  expenses,  including
attorneys' fees, judgments, fines and settlements in defense of any action, suit
or proceeding.  This  provision of state law may not be in conformity  with laws
relating  to  investment  companies.  Further,  governing  state  laws  permit a
corporation  to  purchase  and  maintain  liability  insurance  on behalf of its
officers,  directors,  employees  and  agents.  The Company  does not  presently
maintain such liability  insurance but intends to. The Company intends to obtain
such additional insurance as is required by investment companies relating to the
holding of securities and other assets.

ITEM 2. PROPERTIES.

The Company does not own or lease any physical properties.

ITEM 3. LEGAL PROCEEDINGS.

None.

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

None.

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

MARKET INFORMATION



                                       14
<PAGE>

The  Company  has  100,000,000  shares of common  stock,  with  $0.001 par value
authorized.  As of March 30, 2005, 11,376,000 shares of common stock were issued
and outstanding. There is no established public trading market for the Company's
securities.

HOLDERS

There were 51 holders of record of our common stock as of March 30, 2005.

DIVIDENDS AND DISTRIBUTIONS

There were no dividends or  distributions  paid during fiscal year ends December
31, 2004 or 2003. The Company does not currently anticipate paying any dividends
on its common stock. In the event of a liquidation, dissolution or winding up of
its  affairs,  the  holders  of  shares of common  stock are  entitled  to share
pro-rata all assets remaining after payment in full of all liabilities,  subject
however,  to any rights of the  shareholders of any preferred  shares issued and
outstanding  at the time of such  liquidation,  dissolution or winding up of the
Company.  Holders of common  stock have no  preemptive  rights to  purchase  our
common  stock.  There are no  conversion  rights or  redemption  or sinking fund
provisions with respect to the common stock.

COMMON STOCK

The Company's  Articles of  Incorporation  authorize the issuance of 100,000,000
shares  of  common  stock,  with a par  value  of  $0.001  per  share,  of which
11,376,000 shares are issued and outstanding as of March 30, 2005.

Holders of shares of common stock are entitled to one vote for each share on all
matters  to be voted on by the  shareholders.  Holders  of common  stock have no
cumulative voting rights.

PREFERRED STOCK

The Company does not presently have any preferred stock  authorized,  issued, or
outstanding.

OPTIONS

The Company  has a total of  4,300,000  stock  options  (all held by  directors)
outstanding as of March 30, 2005.

WARRANTS

The Company does not presently have any warrants outstanding.

OTHER SECURITIES

There are no other  securities or debt  instruments  outstanding  as of the date
hereof.

RECENT SALES OF UNREGISTERED SECURITIES

On December 16, 2004, the Company  purchased  800,000 of its outstanding  common
shares for a note  payable of $150,000.  These shares were  returned to treasury
and cancelled.

On January 4, 2005, the Company  authorized the issuance of 4,300,000  shares of
common  stock to nine  directors  for  services  rendered.  As a result  of this
issuance,  $4,300 in compensation expense was recorded. Also on January 4, 2005,
the Company  authorized the issuance of options for a total of 4,300,000  shares
of common stock, exercisable at $0.01 per share to nine directors.

On February 9, 2004,  the Company  authorized  the issuance of 900,000 shares of
common  stock to three  directors  for  services  rendered.  As a result of this
issuance, $900 in compensation expense was recorded.



                                       15
<PAGE>

Also on February 9, 2005,  the Company  authorized the issuance of options for a
total of 900,000 shares of common stock, exercisable at $0.01 per share to three
directors.

During February and March of 2005,  directors  options for 900,000 common shares
were exercised at the price of $0.01 per share.

On January 24,  2005,  the Company  filed a Form 1-E with the SEC,  proposing to
sell up to $5,000,000 of its common stock at prices between $0.05 and $5.00.

On  February 8, 2005,  pursuant to the  Regulation  1-E  exemption,  the Company
converted  its  outstanding  promissory  notes in the  amount  of  $250,000  for
5,000,000 shares of common stock at the price of $0.05.

During February and March of 2005, pursuant to the Regulation 1-E exemption, the
Company  sold a total of 76,000  shares of common stock at the price of $0.50 to
14 purchasers.

ITEM 6. SELECTED FINANCIAL DATA.



FISCAL YEAR ENDED                     12/31/04        12/31/03        12/31/02
-----------------                     --------        --------        --------
      FINANCIAL POSITION
Investments in securities           $          0    $          0     $        0

Other Assets                                   0               0              0

Total Assets                                   0               0              0

Liabilities                              260,318             818            518

Net Assets                              (260,318)           (818)          (518)

      CHANGES IN NET ASSETS

Net investment income (loss)                   0               0              0

Net gain (loss) on investments                 0               0              0

Dividends                                    --               --            --

      PER SHARE DATA

Net Assets                                 (1.30)             --            --

Dividends Paid                               --               --            --


ITEM 7. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

LIQUIDITY AND CAPITAL RESOURCES

We have conducted limited  operations to date. We have been organized to provide
investors with the opportunity to  participate,  with a modest amount in venture
capital,  in investments that are generally not available to the public and that
typically require  substantially larger financial  commitments.  In addition, we
will provide professional  management and administration that might otherwise be
unavailable  to  investors  if they were to engage  directly in venture  capital
investing.

At December 31, 2004,  the Company held $0 in assets as compared to $0 in assets
at December 31, 2003.

Cash and cash  equivalents  from  inception  to date have been  insufficient  to
provide the operating  capital  necessary to operate the Company.  The necessary
capital to operate the  Company was  initially  provided by the  principals  and
founders of the Company in the form of both debt and capital stock  issuances as
set forth in the financial  statements  incorporated  herein.  In order to raise
capital,  the  Company,  On  January  24,  2005,  filed a Form 1-E with the SEC,
proposing to sell up to $5,000,000  of its common stock at prices  between $0.05
and $5.00. Pursuant to the 1-E exemption,  the Company,  through March 30, 2005,


                                       16
<PAGE>

converted  outstanding  promissory notes in the amount of $250,000 for 5,000,000
shares of common stock at the price of $0.05,  and sold a total of 76,000 shares
of common stock at the price of $0.50 to 14 purchasers.

In summary,  there has been an absence of  liquidity  and capital  resources  to
operate the Company  self-sufficiently.  Such inadequacy will continue until the
Company is able to raise  additional  funds pursuant to the filed 1-E exemption,
or by securing funding partners.

The Company  believes that its  liquidity and capital  resources are adequate to
satisfy its current operational needs as well as its investment objectives.

RESULTS OF OPERATIONS

INVESTMENT INCOME AND EXPENSES

For the fiscal year ended  December  31,  2004,  the  Company had no  investment
income,  and  operating  expenses  of  $109,500,  resulting  in a  net  loss  of
($109,500).  For the fiscal year ended  December  31,  2003,  the Company had no
investment income,  and operating  expenses of $300,  resulting in a net loss of
($300). The increase in expenses is due primarily to consulting  expenses in the
amount of  $100,000  associated  with  obtaining  guidance  for the  Company  on
becoming a business development company.

NET ASSETS

The  Company's  net assets  were  $(260,318),  or a net asset value per share of
$(1.30),  at December 31, 2004.  This  represents  a decline of  $(259,500),  or
($1.2975)  per share,  from net assets of $(818),  at December  31,  2003.  This
decline in net asset value per unit is  comprised  primarily of short term notes
payable  totaling  $250,000 at December  31,  2004,  consisting  of $100,000 for
consulting  expenses and $150,000 for the purchase and  cancellation  of 800,000
shares of treasury stock.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Under  the  supervision  of  the  Company's   Valuation  and  Audit  Committees,
consisting of the independent  directors of the Company, the Investment Advisers
will make certain critical accounting estimates with respect to the valuation of
private  portfolio  investments.  As the  Company  had  not  yet  commenced  its
investing activities, the Company has no portfolio investments.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

EQUITY PRICE RISK

The Company anticipates that a majority of its investment portfolio will consist
of securities in private companies and private  investment funds,  which are not
publicly traded. These investments would be recorded at fair value as determined
by the Investment  Advisers in accordance with valuation  guidelines  adopted by
the Board of Directors. This method of valuation does not result in increases or
decreases in the fair value of these securities in response to changes in market
prices.  Thus,  these  securities  would not be  subject  to equity  price  risk
normally  associated with public equity markets,  except that to the extent that
the private investment funds hold underlying public  securities,  the Company is
indirectly  exposed to equity  price risk  associated  with the public  markets.
Thus, there is no exposure to equity price risk, estimated as the potential loss
in fair value due to a  hypothetical  10% decrease in quoted market  prices.  At
December 31, 2004, the Company held no publicly traded equity securities.



                                       17
<PAGE>


ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

Report of Independent Auditor

Balance Sheets at December 31, 2004, and December 31, 2003

Statements of  Operations  for the years ended  December 31, 2004,  December 31,
2003 and December 31, 2002

Statements of  Stockholders'  Equity Since June 19, 1997 (inception) to December
31,  2004

Statements  of Cash Flows for the years ended  December 31,  2004,  December 31,
2003 and December 31, 2002

Notes to Financial Statements

*  *   *

<PAGE>


                                    CONTENTS


                                                                       Page

Independent Auditor's Report............................................F - 1

Balance Sheets
  December 31, 2004 and 2003............................................F - 2

Statements of Operations for the
  Years Ended December 31, 2004, 2003 and 2002..........................F - 3

Statement of Stockholders' Equity
 Since June 19, 1997 (inception) to December 31, 2004...................F - 4

Statements of Cash Flows for the
  Years Ended December 31, 2004, 2003 and 2002..........................F - 5

Notes to Financial Statements...........................................F - 6


                                       18
<PAGE>



                          INDEPENDENT AUDITOR'S REPORT

Bronco Energy Fund, Inc.
(A Development Stage Company)


         We have audited the accompanying  balance sheets of Bronco Energy Fund,
Inc.  (formerly  known as Green Clover Luck  Corporation)  (a development  stage
company)  as of  December  31,  2004 and 2003,  and the  related  statements  of
operations,  and cash flows for the three years ended December 31, 2004, and the
statement of stockholders' equity from June 19, 1997 (inception) to December 31,
2004.  These  financial  statements  are  the  responsibility  of the  Company's
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audits.

         We conducted our audits in accordance  with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain  reasonable  assurance about whether the
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

         In our opinion,  the  financial  statements  referred to above  present
fairly, in all material respects,  the financial position of Bronco Energy Fund,
Inc.  (formerly  known as Green Clover Luck  Corporation)  (a development  stage
company) as of December 31, 2004 and 2003, and the results of its operations and
its cash flows for the three years ended  December 31, 2004 in  conformity  with
accounting principles generally accepted in the United States of America..

         The accompanying  financial statements have been prepared assuming that
the Company  will  continue as a going  concern.  As  discussed in Note 1 to the
financial statements,  the Company has suffered recurring losses from operations
and has a net capital  deficiency that raise substantial doubt about its ability
to continue as a going  concern.  Management's  plans in regard to these matters
are also  described  in Note 1. The  financial  statements  do not  include  any
adjustments that might result from the outcome of this uncertainty.


                                                    Respectfully submitted


                                                    /s/ Robison, Hill & Co.
                                                    Certified Public Accountants

Salt Lake City, Utah
February 28, 2005

                                      F - 1
                                       19
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                      December 31,
                                                          -------------------------------------
                                                                2004                2003
                                                          -----------------  ------------------
<S>                                                       <C>                <C>
Assets:                                                   $               -  $                -
                                                          =================  ==================

Liabilities
   Accounts Payable                                       $          10,318  $              818
   Short-term Notes Payable                                         250,000                   -
                                                          -----------------  ------------------

     Total Liabilities                                              260,318                 818

Stockholders' Equity:
  Common Stock, Par value $.001
    Authorized 100,000,000 shares,
    Issued 200,000 Shares at December 31, 2004
    1,000,000 Shares at December 31,
    2003 and 2002                                                       200               1,000
  Paid-In Capital                                                         -               3,588
  Retained Deficit                                                   (1,200)             (1,200)
  Deficit Accumulated During the
    Development Stage                                              (259,318)             (4,206)
                                                          -----------------  ------------------

     Total Stockholders' Equity                                    (260,318)               (818)
                                                          -----------------  ------------------

     Total Liabilities and
       Stockholders' Equity                               $               -  $                -
                                                          =================  ==================
</TABLE>









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

                                      F - 2
                                       20

<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                   Cumulative
                                                                                                     since
                                                                                                  October 20,
                                                                                                      1999
                                                        For the year ended                        inception of
                                                           December 31,                           development
                                      -------------------------------------------------------
                                            2004               2003               2002               stage
                                      ----------------- ------------------ ------------------  ------------------
<S>                                   <C>               <C>                <C>                 <C>
Revenues:                             $               - $                - $                -  $                -

Expenses:
   Consulting Expense                           100,000                  -                  -             100,000
   General and Administrative                     9,500                300                300              13,706
                                      ----------------- ------------------ ------------------  ------------------

     Net Loss                                  (109,500)$             (300)$             (300) $         (113,706)
                                      ================= ================== ==================  ==================

Basic & Diluted loss per share        $          (0.11) $                - $                -
                                      ================= ================== ==================
</TABLE>
















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


                                      F - 3
                                       21
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
              SINCE JUNE 19, 1997 (INCEPTION) TO DECEMBER 31, 2004

<TABLE>
<CAPTION>
                                                                                                              Deficit
                                                                                                            Accumulated
                                                                                                               Since
                                                                                                            October 20,
                                                                                                                1999
                                                                                                            inception of
                                                     Common Stock             Paid-In        Retained       Development
                                                Shares         Par Value      Capital         Deficit          Stage
                                            ---------------  -------------  ------------   -------------  ----------------
<S>                                         <C>              <C>            <C>            <C>            <C>
Balance at June 19, 1997
(inception)                                               -  $            - $           -  $            - $               -
November 4, 1997 Issuance of
Stock for Services and payment
 of Accounts Payable                              1,000,000          1,000             -               -                 -
Net Loss                                                  -              -             -          (1,100)                -
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1997                      1,000,000          1,000             -          (1,100)
Net Loss                                                  -              -             -            (100)                -
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1998                      1,000,000          1,000             -          (1,200)                -

Capital contributed by shareholder                        -              -           350               -                 -
Net Loss                                                  -              -             -               -              (150)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1999                      1,000,000          1,000           350          (1,200)             (150)

Capital contributed by shareholder                        -              -         2,181               -                 -
Net Loss                                                  -              -             -               -            (2,181)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 2000                      1,000,000          1,000         2,531          (1,200)           (2,331)
Capital contributed by shareholder                        -              -  1,057                      -                 -
Net Loss                                                  -              -             -               -            (1,275)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 2001                      1,000,000          1,000         3,588          (1,200)           (3,606)

Net Loss                                                  -              -             -               -              (300)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 2002                      1,000,000          1,000         3,588          (1,200) (3,906)
                                            ---------------  -------------  ------------   -------------  ----------------

Net Loss                                                  -              -             -               -              (300)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 2003                      1,000,000          1,000         3,588          (1,200)           (4,206)

Purchase and retire Treasury Stock                 (800,000)          (800)       (3,588)              -          (145,612)
Net Loss                                                  -              -             -               -          (109,500)
                                            ---------------  -------------  ------------   -------------  ----------------
Balance at December 31, 2004                        200,000  $         200  $           -  $      (1,200) $       (259,318)
                                            ===============  =============  ============   =============  ================
</TABLE>

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

                                      F - 4
                                       22
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                            Cumulative
                                                                                                          since October
                                                                                                             20, 1999
                                                                       For the years ended                 Inception of
                                                                          December 31,                     Development
                                                            -----------------------------------------
                                                                2004          2003          2002              Stage
                                                            ------------- ------------- -------------   ------------------
<S>                                                         <C>           <C>           <C>             <C>
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net Loss                                                         (109,500)$        (300)$        (300)  $         (113,706)
Increase (Decrease) in Accounts Payable                             9,500           300           300               10,118
                                                            ------------- ------------- -------------   ------------------
  Net Cash Used in operating activities                          (100,000)            -             -             (103,588)
                                                            ------------- ------------- -------------   ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Net cash provided by investing activities                                             -             -                    -
                                                            ------------- ------------- -------------   ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from notes payable                                       250,000                                          250,000
Purchase and cancel treasury stock                               (150,000)            -             -             (150,000)
Capital contributed by shareholder                                      -             -             -                3,588
                                                            ------------- ------------- -------------   ------------------
Net Cash Provided by
  Financing Activities                                            100,000             -             -              103,588
                                                            ------------- ------------- -------------   ------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                             -             -             -                    -
Cash and Cash Equivalents
  at Beginning of Period                                                -             -             -                    -
                                                            ------------- ------------- -------------   ------------------
Cash and Cash Equivalents
  at End of Period                                          $           - $           - $           -   $                -
                                                            ============= ============= =============   ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                  $           - $           - $           -   $                -
  Franchise and income taxes                                $           - $           - $           -   $              500
</TABLE>

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
None

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

                                      F - 5
                                       23
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

         The accompanying  financial  statements have been prepared on the basis
of accounting principles applicable to a "going concern",  which assume that the
Company  will  continue in  operation  for at least one year and will be able to
realize  its assets  and  discharge  its  liabilities  in the  normal  course of
operations.

         Several conditions and events cast doubt about the Company's ability to
continue  as  a  "going  concern."  The  Company  has  incurred  net  losses  of
approximately $109,500, $300 and $300 for the year ended December 31, 2004, 2003
and  2002  respectively,  has  a  liquidity  problem,  and  requires  additional
financing in order to finance its business  activities on an ongoing basis.  The
Company is actively pursuing alternative  financing and has had discussions with
various third parties,  although no firm  commitments  have been  obtained.  The
Company's future capital requirements will depend on numerous factors including,
but not limited to,  continued  progress in finding a merger  candidate  and the
pursuit of business opportunities.

         These  financial  statements do not reflect  adjustments  that would be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be  successful.  If the Company were unable
to  continue  as a  "going  concern,"  then  substantial  adjustments  would  be
necessary  to the  carrying  values  of  assets,  the  reported  amounts  of its
liabilities,   the  reported  revenues  and  expenses,  and  the  balance  sheet
classifications used.

Nature of Business

         The Company has no products or services as of December  31,  2004.  The
Company was organized as a vehicle to seek merger or acquisition candidates. The
Company intended to acquire interests in various business  opportunities,  which
in the opinion of management would provide a profit to the Company.  On December
16, 2004 the Company filed a notification under Form N54a with the United States
Securities  and  Exchange  Commission  ("SEC")  indicating  its  election  to be
regulated  as a business  development  company  ("a BDC")  under the  Investment
Company Act of 1940. In connection  with this election,  the Company has adopted
corporate  resolutions  and  intends  to  operate  as  a  closed-end  management
investment company.




                                      F - 6
                                       24
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
                                   (Continued)

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN (continued)

Organization and Basis of Presentation

         The Company was  incorporated  under the laws of the State of Nevada on
June 19, 1997.  The Company  ceased all operating  activities  during the period
from June 19, 1997 to October 20, 1999 and was considered dormant. Since October
20, 1999, the Company is in the development stage, and has not commenced planned
principal operations.

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES

         This summary of  accounting  policies for Bronco  Energy Fund,  Inc. (a
development stage company) is presented to assist in understanding the Company's
financial  statements.  The accounting  policies  conform to generally  accepted
accounting  principles and have been consistently  applied in the preparation of
the financial statements.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure 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.

Concentration of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.




                                      F - 7
                                       25
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
                                   (Continued)

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES (Continued)

Loss per Share

         The  reconciliations  of the numerators and  denominators  of the basic
loss per share computations are as follows:

<TABLE>
<CAPTION>
                                                              Income              Shares             Per-Share
                                                              ------              ------
                                                           (Numerator)        (Denominator)            Amount
                                                                   For the year ended December 31, 2004
BASIC LOSS PER SHARE
<S>                                                     <C>                 <C>                  <C>
Loss to common shareholders                             $         (109,500)             967,123  $           (0.11)
                                                        ==================  ===================  ==================

                                                                   For the year ended December 31, 2003
BASIC LOSS PER SHARE
Loss to common shareholders                             $             (300)           1,000,000  $                -
                                                        ==================  ===================  ==================
</TABLE>

         The  effect  of   outstanding   common  stock   equivalents   would  be
anti-dilutive  for December 31, 2004, 2003 and 2002 and are thus not considered.
At December 31, 2004 there are 5,000,000  outstanding  common stock equivalents.
At December 31, 2003 there are no common stock equivalents outstanding.

NOTE 3 - INCOME TAXES

         As  of  December  31,  2004,  the  Company  had a  net  operating  loss
carryforward for income tax reporting  purposes of  approximately  $110,500 that
may be offset against future taxable income through 2024. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carryforwards  will expire  unused.  Accordingly,  the potential tax
benefits of the loss  carryforwards  are offset by a valuation  allowance of the
same amount.







                                      F - 8
                                       26
<PAGE>



                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
                                   (Continued)

NOTE 4 - DEVELOPMENT STAGE COMPANY

         The Company has not begun principal  operations and as is common with a
development  stage  company,  the Company has had  recurring  losses  during its
development  stage.  The  Company's  financial  statements  are  prepared  using
generally  accepted  accounting  principles  applicable to a going concern which
contemplates  the  realization  of assets and  liquidation of liabilities in the
normal course of business.  However,  the Company does not have significant cash
or other material  assets,  nor does it have an  established  source of revenues
sufficient to cover its  operating  costs and to allow it to continue as a going
concern.  In the interim,  shareholders of the Company have committed to meeting
its minimal operating expenses.

NOTE 5 - COMMITMENTS

         As of  December  31,  2004 all  activities  of the  Company  have  been
conducted by  corporate  officers  from either their homes or business  offices.
Currently,  there are no  outstanding  debts owed by the  company for the use of
these facilities and there are no commitments for future use of the facilities.

NOTE 6 - SUBSEQUENT EVENTS

         Commencing  on January 1, 2005,  the Company  entered  into  employment
agreements  with Dan Baker,  Jim Marshall  and Kevin  Sherlock,  the  President,
Treasurer  and  Secretary,   in  the  amounts  of  $60,000  $36,000  and  36,000
respectively. The officer salaries are contingent on the Company having the cash
flow and/or cash reserves to meet the Company's operating expenses.

         During January and February,  2005 the Company issued  5,200,000 shares
of common stock to officers and directors at the rate of $.001.

         During January and February the Company granted 5,200,000 stock options
to Board of Directors exercisable at $.01.

         On January 24, 2005 the Company  filed an offering to sell common stock
equal to $5,000,000 under  Regulation E promulgated  under the Securities Act of
1933 at prices between $.05 and $5.00 per share.  The offering became  effective
on February 8, 2005.  As of February 28, 2005 the Company sold 68,000  shares at
$.50 per share.



                                      F - 9
                                       27
<PAGE>


                            BRONCO ENERGY FUND, INC.
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
                                   (Continued)

NOTE 6 - SUBSEQUENT EVENTS (continued)

         On  February  8, 2005  notes  payable in the  amount of  $250,000  were
converted into 5,000,000 shares of common stock under the 1-E exemption.

         During  February,  2005,  director's  options for 600,000 common shares
were exercised at $.01

                                     F - 10
                                       28
<PAGE>

ITEM  9.  CHANGES  IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
FINANCIAL  DISCLOSURE.  There have been no changes in,  disagreements  with,  or
reportable events regarding the Company's independent public accountants.

ITEM 9A. CONTROLS AND PROCEDURES.

(a) Evaluation of Disclosure  Controls and  Procedures.  As of December 31, 2004
(the  end of the  period  covered  by  this  report),  the  Company's  principal
executive officer and principal financial officer evaluated the effectiveness of
the Company's  disclosure  controls and  procedures  (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e))and have concluded that, based on such evaluation,
the Company's  disclosure controls and procedures were adequate and effective to
ensure that material  information relating to the Company was made known to them
by others within those entities.

(b)  Changes in  Internal  Controls.  There were no  significant  changes in the
Company's  internal  controls over financial  reporting or in other factors that
could  significantly  affect  these  controls  subsequent  to the  date of their
evaluation,  nor were there any significant  deficiencies or material weaknesses
in the Company's  internal controls over financial  reporting.  Accordingly,  no
corrective actions were required or undertaken.

                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

DIRECTORS AND OFFICERS

Set forth  below are  names,  ages,  positions  and  certain  other  information
concerning  the current  Directors and  executive  officers of the Company as of
March 30, 2005.

Dan R. Baker, President and Director, age 55.
Mr. Baker received a B.S. in Mining  Engineering from the University of Utah and
has been involved in the mining  industry in both  management and production for
more than 33 years. Most recently, he served as President of C&P Coal Company in
Salt  Lake  City,  was  Executive  Vice  President  of  COSOL  Energy,  Inc.  in
Pittsburgh,  and also held various senior management  positions with PacifiCorp,
Interwest  Mining  Company.  He also  serves as a director  of  Hazelwood  Power
Company in Australia, Interwest Mining Company, and several other companies, and
is a member of the National Mining Association and the Utah Mining Association.

James Marshall, CFO and Director, age 60.
Mr. Marshall is a certified public  accountant in the state of Arizona,  and has
previously held  certificates from Michigan,  California,  Illinois and Florida.
James was the  founder  and chief  executive  officer of  Residential  Resources
Mortgage Investments Corporation, RRR AMEX, a mortgage based REIT with assets in
excess of $400 million and a staff of 42. Prior to March 1985, Mr.  Marshall was
the National  Finance  Partner for Kenneth  Leventhal & Company and was Managing
Partner of that firms Phoenix Office for five years.  Career experiences include
responsibilities   for  major  land  acquisitions  and  dispositions  and  their
structuring.  His audit and tax experience included publicly-held  companies for
which Mr.  Marshall was responsible  for banks,  savings and loan  associations,
real estate  developers,  mortgage bankers,  insurance  companies,  builders and
contractors.  Mr. Marshall is a member of the AICPA, performs audits, consulting
and tax services for his clients.  Mr. Marshall has more than 30 years audit and
tax experience on a wide range of public and private companies.  Mr. Marshall is
current on all SEC,  auditing,  accounting  and tax  matters.  In  addition to a
strong  background in auditing and taxation,  Mr. Marshall is a proven innovator
and  solution   developer   relying  on  both  traditional  and   nontraditional
alternatives.  Extensive experience has been developed on SEC filings from IPOs,
shelf registrations, to annual and quarterly reporting.


                                       29
<PAGE>


Kevin M. Sherlock, Secretary and Director, age 43.
Mr. Sherlock  graduated from Florida State University in 1984 with a B.S. degree
in Multinational  Business Operations.  In 1988, he received his Juris Doctorate
from the Georgetown  University Law Center. Mr. Sherlock is licensed to practice
law in  Washington  D.C.,  Florida and Arizona.  He began his legal career as an
associate  in the  Washington  D.C.  office  of the New York  law firm  Condon &
Forsyth,  with a practice area of aviation  law,  insurance  defense  litigation
(including complex  multi-district  air-crash  disaster  litigation) and general
corporate matters.  After 5 years with Condon & Forsyth, Mr. Sherlock opened his
solo practice in 1993, with a focus on small business mergers and  acquisitions,
and public company issues.

Daniel L. Hodges, age 38.
Chairman of the Board of Directors
Daniel Hodges has been President and Chairman of Fidelis  Energy,  Inc.  (OTCBB:
FDEI), an oil and gas exploration company,  since 2004, as well as an instructor
in the F-16 Fighter jet in Tucson,  Arizona since 1997.  From 1995 to 2002,  Mr.
Hodges took part in the formation and/or public  registration of multiple public
companies as an investor. Privately, Mr. Hodges has been involved in real estate
developments  and residential  subdivisions in Southern  Arizona since 1993. Mr.
Hodges also serves on the board of directors of iWorld Projects & Systems, Inc.

James C. Balserak, Director, age 40.
James Balserak is a general surgeon who has practiced with the Southwest Surgery
Associates,  Ltd., in Tucson Arizona since 1996. Dr. Balserak graduated from the
U.S. Air Force School of Aerospace  Medicine in 1989 and earned his doctorate of
medicine  from the Medical  College of  Virginia  in 1990.  He also serves as an
Assistant Clinical  Professor of Surgery at the College of Medicine,  University
of Arizona  from 1995 to present.  Dr.  Balserak  is  presently a colonel in the
Arizona Air National Guard.

David P. Hinkins, Director, age 51.
David Hinkins is currently the President of Industrial Electrical Motor Service,
Inc.,  a  position  he has held  from  1976 to the  Present;  he also  serves as
President of  Industrial  Mine Supply,  Inc. a position he has held from 1988 to
the present. Previously, Mr. Hinkins established Rainbow Glass Ranch, in Ferron,
Utah in 1978; founded Coal Equipment Co., Inc. of Denver,  Colo. in 1980: and he
founded Generator Starter Service, Inc. in Aurora, Utah in 1982. Presently,  Mr.
Hinkins is also serving on Board of Trustees of the College of Eastern Utah, the
Utah  State  Racing  Commission,  and  Board of  Trustees  of the  Emery  County
Community Foundation. He is also the President of ITT National Mining Council.

Robert J. Hipple, Director,
Robert  Hipple is an attorney  licensed to practice law in the States of Georgia
and Virginia and has experience  serving a number of public  companies in senior
management  positions;  serving on the boards of directors as well as serving as
an administrative,  legal and finance professional, including as chief financial
officer and/or general counsel.  He has taught federal tax and securities law at
Georgetown University Law School, Emory University Law School, the University of
San Diego School of Law and, most  recently,  as a Visiting  Professor of Law at
Florida A&M  University  College of Law. Mr.  Hipple also serves as President of
iTrustFinancial,  Inc.,  an  international  business,  tax,  legal and financial
consulting company, and as Chief Executive Officer of iWorld Projects & Systems,
Inc., a publicly  traded  project  management  holding  company,  operating as a
Business  Development  Company  under The  Investment  Company  Act of 1940.  He
received a BA in Economics  and Finance from Wesleyan  University,  a JD and LLM
degrees from Georgetown  University Law School, and completed the MBA program in
Finance at Emory University School of Business.

George H. Gregor, Director, age 59
George Gregor is a senior banking executive with  multi-disciplinary  experience
in wholesale  banking services for domestic and  international  capital markets.
Mr.  Gregor has led or actively  participated  in several  important  securities
industry initiatives and innovations, with a heavy emphasis on international and
cross-border activity, including emerging markets. Since August 2003, Mr. Gregor
has held the  position of Business  Concierge  at North Fork Bank,  and from May
2003, has been the Managing  Director of Global Capital  Service Group,  Ltd., a
Wall  Street-based   investment  banking  and  advisory  firm  concentrating  on
international finance,  capital markets and real estate transactions.  From 1995
through  August  2002,  Mr.  Gregor was Senior  Product  Manager-Global  Custody
Services at Deutsche Bank, New York.



                                       30
<PAGE>

Stanley A. Hirschman, Director,
Stanley  Hirschman  is  President of CPointe  Associates,  Inc., a Plano,  Texas
executive  management  and  consulting  firm  which  he  founded  in  1996  that
specializes in solutions for companies with emerging technology-based  products.
He is Chairman of Bravo Foods International  Corporation (BRVO),  Director of 5G
Wireless,  Inc. (FGWC),  former Chairman of Mustang Software and former director
of Imaging  Diagnostic  Systems,  Inc.  He is also an  advisor to Redwood  Grove
Capital Management LLC. Prior to establishing  CPointe  Associates,  he was Vice
President  Operations,  Software Etc.,  Inc., a 406 retail store software chain,
from 1989 until 1996. He has held senior  executive  management  positions  with
T.J. Maxx, Gap Stores and Banana Republic. He is active in community affairs and
serves on the Advisory Board of the Salvation Army Adult Rehabilitation Centers.

Phil E. Pearce, Director, age 76
Phil E. Pearce has been an independent business consultant with Phil E. Pearce &
Associates since 1990,  Chairman and Director of Financial  Express  Corporation
since 1990.  Prior to 1990,  Mr. Pearce was Senior Vice President and a director
of E.F. Hutton,  Chairman of the Board of Governors of the National  Association
of  Securities  Dealers and was closely  involved in the formation of the Nasdaq
Stock  Market,  a Governor  of the New York Stock  Exchange  and a member of the
Advisory Council to the United States Securities and Exchange  Commission on the
Institutional  Study of the Stock  Markets.  Mr. Pearce also is a director of XR
Medical, a diagnostic laboratory company, 5G Wireless,  Inc.,  GoldSpring,  Inc,
Bravo! Foods International Corporation and Xybernaut Corporation.  He is also an
advisor to Redwood Grove Capital Management LLC. Mr. Pearce is a graduate of the
University of South  Carolina  (B.A.  1953) and the Wharton School of Investment
Banking at the University of Pennsylvania.

Robert M. Smith, Director,
Robert  Smith is a retired  electric  utility  executive  and has been an energy
industry  consultant  since 1990. From 1988 to 1990, Nr. Smith was the Executive
Vice  President  of Power  Supply at  Pacificorp.  Prior to that,  Mr. Smith was
employed by Pacific Power and Light Company as Vice President of Human Resources
from 1977 to 1979, as Vice President of Construction  from 1979 to 1982, as Vice
President of Power Generation from 1982 to 1985, and as Senior Vice President of
Power Supply from 1985 to 1988.

Brian J. Delfs, Director of subsidiary, Bronco Green Power Co., age 40.
Mr. Delfs has a strong  background in public service and political  involvement.
Throughout his career as a  firefighter,  he has also held offices in the Local,
State and  International  unions.  He is  currently  the Local  President of the
Tucson  Firefighters  Association,  and is the Southern  Arizona  Trustee of the
Professional  Firefighters of Arizona.  In addition to emergency  response,  Mr.
Delfs has extensive  experience in media relations,  fire investigation and code
compliance  issues.  As a Commissioner of the Industrial  Commission of Arizona,
Mr.  Delfs is  appointed  by the  Governor  of Arizona to  oversee  the  Arizona
Division  of  Occupational  Safety and  Health,  the  Industrial  Injury  Claims
Division, the Administrative Law Division, the Self Insurance Authority Division
and the State Special Fund of the ICA. Mr. Delfs also serves as a  gubernatorial
appointee as a Fund Manager of three State  retirement  plans. The Fund Managers
are  charged to manage  over five  billion  dollars in assets and to oversee the
administration of the Public Safety,  Corrections Officer and Elected Official's
retirement plans. As a commissioner,  Mr. Delfs is a registered  lobbyist in the
State of Arizona.  He has also honed his advocacy  skills in  Washington,  D.C.,
where he lobbies for emergency  responder  issues on Capitol Hill. Mr. Delfs has
served on numerous  boards and  committees,  including:  the State Public Safety
Retirement  System Tucson Board, the Pima  Association of Government's  Regional
Transportation Authority, the City of Tucson Fire Code Committee, the Governor's
Committee  on EMT  Licensure,  and the State of Arizona  Arson Task Force.  As a
consultant,  Mr. Delfs teaches courses in hazardous  materials  management,  the
HazCom standard, media relations and negotiation technique. Mr. Delfs has a long
history of community  involvement,  volunteering with the United Way of Arizona,
the American Cancer Society, the Muscular Dystrophy Association,  and as a youth
football coach.

John A. Sylvester, Director of subsidiary, Bronco Coal Co., age 45.
John  Sylvester is currently a captain for Southwest  Airlines and also works as
an F-16 A/B Military  Instructor  Pilot for the Arizona Air National  Guard.  He
presently  serves as the 162nd Fighter Wing Airspace  Manager and was previously
an A-6E  Squadron  Attack  Pilot.  Mr.  Sylvester  is  certified  as an  Airline


                                       31
<PAGE>

Transport  Pilot  for  multiengine,   land  airplanes  and  a  Certified  Flight
Instructor for single engine,  land airplanes.  He is also a Certified  Aircraft
Mechanic  for  Airframes  and Power  plants  and has a FAA First  Class  Medical
certificate  with no  restrictions.  Mr.  Sylvester  earned a B.S. in  political
science from the U.S. Naval Academy in 1984.

AUDIT COMMITTEE FINANCIAL EXPERT

Mr. Hipple is the audit committee  financial  expert as defined by SEC rules and
is  "independent," as the term is used in Item 7(d)(3)(iv) of Schedule 14A under
the Securities Exchange Act of 1934.

CODE OF ETHICS

As of the end of the period,  December 31, 2004,  the Company has adopted a code
of ethics,  which complies with the criteria  provided in SEC rules, and applies
to its principal  executive  officer,  the principal  financial  officer and any
other  officers  who serve a similar  function.  A copy of the code of ethics is
incorporated herein by reference in Item 15 of this Form 10-K.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Under the  federal  securities  laws,  the  Company's  Directors  and  executive
officers  and any persons  holding  more than 10% of the  Company's  outstanding
units are  required to report  their  ownership  of units and any changes in the
ownership of the Company's  units to the Company and the Securities and Exchange
Commission.  To the  best of the  Company's  knowledge,  none  of the  Company's
Directors and executive  officers have satisfied these filings by filing reports
of their initial holdings.

COMPENSATION OF DIRECTORS

We have no standard arrangement, pursuant to which our Directors are compensated
for services  provided as a Director.  Our outside  directors are reimbursed for
travel and expenses,  and may be paid up to $1,000 per meeting as  consideration
for their services to the Board.

ITEM 11. EXECUTIVE COMPENSATION.

The Company has three employees.

The Company does not have a stock option plan,  other long-term  incentive plan,
retirement plan or other retirement benefits.

SUMMARY  COMPENSATION  TABLE.  The following table sets forth  information  with
respect to compensation we paid for the years ended December 31, 2004, 2003, and
2002,  for  services  of Dan  Baker,  our  Chief  Executive  Officer,  and James
Marshall, our Treasurer, and Kevin Sherlock, our Secretary. We have not paid any
other current  executive officer in excess of $100,000  (including  salaries and
benefits)  during the years ended  December 31, 2004,  2003 or 2002. Dan Hodges,
the former CEO, did not receive compensation in prior years.

<TABLE>
<CAPTION>
                     Annual Compensation              Long-Term Compensation  Awards
                     Year     Salary     Bonus ($)    Other Annual        Restricted        Securities
                              ($)                     Compensation ($)    Stock             Underlying Options
                                                                          Award(s)($)       SARs (#)

<S>                  <C>      <C>         <C>          <C>                <C>               <C>
Dan Baker            2005     60,000*    -0-          -0-                 1,500,000         1,500,000
                     2004     -0-        -0-          -0-                 -0-               -0-
                     2003     -0-        -0-          -0-                 -0-               -0-
                     2002     -0-        -0-          -0-                 -0-               -0-
James Marshall       2005     36,000*    -0-          -0-                 500,000           500,000
                     2004     -0-        -0-          -0-                 -0-               -0-
                     2003     -0-        -0-          -0-                 -0-               -0-
                     2002     -0-        -0-          -0-                 -0-               -0-
</TABLE>


                                       32
<PAGE>
<TABLE>
<CAPTION>

<S>                  <C>      <C>         <C>          <C>                <C>               <C>
Kevin Sherlock       2005     36,000*    -0-          -0-                 500,000           500,000
                     2004     -0-        -0-          -0-                 -0-               -0-
                     2003     -0-        -0-          -0-                 -0-               -0-
                     2002     -0-        -0-          -0-                 -0-               -0-
</TABLE>

* Year 2005 salary figure based on employment contract.  Restricted stock awards
and options were issued on January 4, 2005.

EMPLOYMENT AGREEMENTS

We have an employment  contract with Dan Baker,  our President,  for a salary in
the  amount of  $60,000  per year.  We have an  employment  contract  with James
Marshall, our Treasurer, for a salary in the amount of $36,000 per year. We have
an employment contract with Kevin Sherlock,  our Secretary,  for a salary in the
amount  of  $36,000  per  year.  We  have  no  other  employment   contracts  or
commitments.  These officer  salaries are  contingent on the Company  having the
cash flow and/or cash reserves to meet its operating expenses.  The Company does
not have any other employment agreements in place.

ITEM  12.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

As of March 30,  2005,  certain  beneficial  owners,  the  directors,  the chief
executive  officer and the directors  and executive  officers as a group held of
record the following shares and  percentages,  based on 15,676,000 fully diluted
shares  of  common  stock  outstanding  (consisting  of  11,376,000  issued  and
outstanding shares and 4,300,000 outstanding options).

<TABLE>
<CAPTION>

                                                                           AMOUNT AND NATURE
                                                                            OF BENEFICIAL
TITLE OF CLASS            NAME AND ADDRESS OF BENEFICIAL OWNER                OWNERSHIP      PERCENT OF CLASS
--------------  -------------------------------------------------------    ----------------  ----------------
<S>             <C>                                                         <C>              <C>
Common Stock    Dan R. Baker                                                3,000,000 (1)        19.1%
                President and Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    James Marshall                                              1,000,000 (2)        6.37%
                Treasurer and Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Kevin M. Sherlock                                           1,000,000 (3)        6.37%
                Secretary and Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Daniel L. Hodges                                            3,000,000 (4)        19.1%
                Director Chairman of the Board
                2920 N. Swan, #206
                Tucson, AZ 8571

Common Stock    Brian J. Delfs                                               608,000 (5)         3.87%
                Director of Subsidiary
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    John A. Sylvester                                            608,000 (6)         3.87%
                Director of Subsidiary
                2920 N. Swan, #206
                Tucson, AZ 85712
</TABLE>



                                       33
<PAGE>
<TABLE>
<CAPTION>
<S>             <C>                                                         <C>              <C>
Common Stock    James C. Balserak                                            600,000 (7)         3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    George H. Gregor                                             600,000 (8)         3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    David P. Hinkins                                             600,000 (9)         3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Robert J. Hipple                                             600,000 (10)        3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Stanley A. Hirschman                                           600,000           3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Phil E. Pearce                                                 600,000           3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    Robert M. Smith                                                600,000           3.82%
                Director
                2920 N. Swan, #206
                Tucson, AZ 85712

Common Stock    All directors and executive officers                        3,416,000 (11)       85.6%
                as a group (13 persons)                                    1



                Persons holding 5% or more:

Common Stock     D Intel, Inc.                                                2,000,000         12.75%
                3lan Lomax
                A002 A Guadalupe Street
                2uite 187
                Sustin Texas 78705
</TABLE>

------
(1) Includes options held by Mr. Baker to purchase  1,500,000 shares at the rate
of $0.01.
(2) Includes options held by Mr. Marshall to purchase 500,000 shares at the rate
of $0.01.
(3) Includes options held by Mr. Sherlock to purchase 500,000 shares at the rate
of $0.01.
(4) Includes all 3,000,000 shares held by Joshua & Grace  Investments,  LLC.
(5) Includes options held by Mr. Delfs to purchase 300,000 shares at the rate of
$0.01.
(6) Includes  options held by Mr.  Sylvester to purchase  300,000  shares at the
rate of $0.01.
(7) Includes options held by Mr. Balserak to purchase 300,000 shares at the rate
of $0.01.
(8) Includes  options held by Mr. Gregor to purchase  300,000 shares at the rate
of $0.01.
(9) Includes  options held by Mr. Hinkins to purchase 300,000 shares at the rate
of $0.01.
(10) Includes  options held by Mr. Hipple to purchase 300,000 shares at the rate
of $0.01.
(11) Includes all outstanding  officer and director options of 4,300,000 shares.
------



                                       34
<PAGE>

The issuer is not aware of any  person  who owns of  record,  or is known to own
beneficially, five percent or more of the outstanding securities of any class of
the issuer, other than as set forth above. The issuer is not aware of any person
who  controls  the  issuer as  specified  in section  2(a)(9) of the  Investment
Company Act of 1940. The Company does not have an investment advisor.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

On December 16,  2004,  the Company  issued a  promissory  note in the amount of
$150,000  to its  then  president,  Daniel  Hodges,  in  return  for Mr.  Hodges
tendering  his  resignation  effective  December 16, 2004 and for  returning for
cancellation   his  800,000  shares  of  common  stock  of  the  Company,   then
representing  80% control of the  company.  The terms of the note  provided  Mr.
Hodges the option to convert  the note into  common  stock in the event that the
Company filed with the SEC a Form 1-E. On January 24, 2005, the Company did file
a Form 1-E. Mr. Hodges assigned the note to his children's trust investment arm,
Joshua & Grace Investments,  LLC, which  subsequently  converted the note in the
Form 1-E offering on February 8, 2005, at the rate of $0.05 per share, resulting
in 3,000,000 shares being issued,  representing approximately 19% control of the
Company.  On  February,  9,  2005,  Mr.  Hodges  was  appointed  to the Board of
Directors  as  Chairman.  The Company has  engaged in no  transactions  with the
directors or executive officers other than as described above or in the notes to
the financial statements.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees

         (a)      The  aggregate  fees  billed  for each of the last two  fiscal
                  years for  professional  services  rendered  by the  principal
                  accountant for the audit of the registrant's  annual financial
                  statements  or  services  that are  normally  provided  by the
                  accountant in connection with statutory and regulatory filings
                  or  engagements  for those fiscal years are $9000 for 2004 and
                  $0 for 2003.

Audit-Related Fees

         (b)      The aggregate fees billed in each of the last two fiscal years
                  for assurance and related services by the principal accountant
                  that are reasonably related to the performance of the audit of
                  the  registrant's  financial  statements  and are not reported
                  under  paragraph  (a) of this  Item are $0 for 2004 and $0 for
                  2003.

Tax Fees

         (c)      The aggregate fees billed in each of the last two fiscal years
                  for professional services rendered by the principal accountant
                  for tax  compliance,  tax advice,  and tax planning are $0 for
                  2004 and $0 for 2003.

All Other Fees

         (d)      The aggregate fees billed in each of the last two fiscal years
                  for   products  and   services   provided  by  the   principal
                  accountant, other than the services reported in paragraphs (a)
                  through (c) of this Item are $0 for 2004 and $0 for 2003.




                                       35
<PAGE>

                                    PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.


(A)   1. FINANCIAL STATEMENTS

         The financial  statements  listed in Item 8, "Financial  Statements and
         Supplementary  Data,"  beginning  on page 12 are  filed as part of this
         report.

       2 FINANCIAL STATEMENT SCHEDULES

         The  financial   statement  schedules  listed  in  Item  8,  "Financial
         Statements and  Supplementary  Data," beginning on page 18 are filed as
         part of this report.

      3. EXHIBITS

         (3)(i) Articles of Incorporation, as amended

         (3)(ii)Bylaws

         (14)   Code of Ethics

         (21)   List of Subsidiaries

         (31.1) Certification of Chief Executive Officer pursuant to Section 302
                of the Sarbanes-Oxley Act of 2002.

         (31.2) Certification  of  Treasurer  pursuant  to  Section  302 of the
                Sarbanes-Oxley Act of 2002.

         (32.1) Certification  Pursuant to 18 U.S.C.  Section  1350, as Adopted
                Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

         (99)(a)Audit Committee Charter

-------




                                       36
<PAGE>

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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.


                               BRONCO ENERGY FUND, INC.

Date: March 31, 2005           By:  /s/ DANIEL BAKER
                               -----------------------------
                               Daniel Baker
                               Chief Executive Officer
                               (principal executive officer)


Date: March 31, 2005           By:   /s/ JAMES MARSHALL
                               -----------------------------
                               James Marshall
                               Chief Financial Officer and Treasurer
                               (principal financial and accounting officer)




Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
in the capacities and on the dates indicated:


    SIGNATURE             TITLE                                     DATE
    ---------             -----                                     ----

/s/ DANIEL BAKER       Chief Executive Officer                  March 31, 2005
-------------------   (principal executive officer) and
Daniel Baker           Director

/s/ JAMES MARSHALL     Chief Financial Officer and Treasurer    March 31, 2005
-------------------   (principal financial and accounting
James Marshall         officer) and Director

/s/ DANIEL HODGES      Chairman of the Board                    March 31, 2005
-------------------
Daniel Hodges

/s/ ROBERT HIPPLE      Director and Chairman of audit           March 31, 2005
-------------------    committee
Robert Hipple

/s/ STANLEY HIRSCHMAN  Director and member of audit committee   March 31, 2005
-------------------
Stanley Hirschman

/s/ PHIL PEARCE        Director and member of audit committee   March 31, 2005
-------------------
Phil Pearce

/s/ KEVIN SHERLOCK     Director                                 March 31, 2005
-------------------
Kevin Sherlock

/s/ JAMES BALSERAK     Director                                 March 31, 2005
-------------------
James Balserak

/s/ GEORGE GREGOR      Director                                 March 31, 2005
-------------------
George Gregor

/s/ DAVID HINKINS      Director                                 March 31, 2005
-------------------
David Hinkins

/s/ ROBERT SMITH       Director                                 March 31, 2005
-------------------
Robert Smith


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