U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-QSB

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

                 For the quarterly period ended June 30, 1999

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

     For the transition period from             to

                   Commission File No. 0-26347

                    FUTURE TECHNOLOGIES, INC.
(Exact name of small business issuer as specified in its charter)

           Minnesota                        41-0985135
(State or Other Jurisdiction of           (IRS Employer
 Incorporation or Organization)         Identification No.)

        11900 Wayzata Blvd., Suite 100, Hopkins, MN 55305
            (Address of principal executive offices)

                         (612) 541-1155
                   (Issuer's telephone number)

                         Not Applicable
  (Former name, address and fiscal year, if changed since last
                             report)

Check  whether the issuer (1) has filed all reports required  to
be  filed by Section 13 or 15(d) of the Exchange Act during  the
preceding 12 months (or for such shorter period that the  issuer
was required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days.  Yes [ ]  No [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State  the number of shares outstanding of each of the  issuer's
classes  of  common  equity, as of the latest practicable  date:
1,352,512 shares of common stock.

<PAGE>

                           FORM 10-QSB
                    FUTURE TECHNOLOGIES, INC.

                              INDEX
                                                       Page
PART I.   Financial Information

          Item 1. Financial Statements

          Balance Sheet - June 30, 1999 (unaudited)       3

          Statements  of Operations - Three  Months
          Ended June 31, 1999 and 1998 (unaudited)        4

          Statements of Operations - Nine  Months
          Ended June 31, 1999 and 1998, and Inception
          (January 2, 1990) through June 30, 1999
          (unaudited)                                     5

          Statements of Cash Flows - Nine Months
          Ended June 30, 1999 and 1998, (unaudited)       6

          Notes to Financial Statements                   7

          Item  2.  Management's Discussion and
          Analysis of Financial Condition or Plan of
          Operation                                      10


PART II.  Other Information


          Item 6. Exhibits and Reports on Form 8-K       11

Signatures                                               11

                             PART I.
                      Financial Information

Item 1.  Financial Statements

In   the   opinion  of  management,  the  accompanying  unaudited
financial  statements included in this Form  10-QSB  reflect  all
adjustments  (consisting  only  of  normal  recurring   accruals)
necessary  for  a fair presentation of the results of  operations
for  the  periods presented.  The results of operations  for  the
periods  presented are not necessarily indicative of the  results
to be expected for the full year.

                                2

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                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                          BALANCE SHEET
                          June 30, 1999


                             ASSETS
CURRENT ASSETS
  Cash in bank                                        $    1,502

  Total Current Assets                                     1,502

OTHER ASSETS
  Organization costs                                       6,800
                                                        ________
     Total Assets                                     $    8,302



              LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES                                           $        0
STOCKHOLDERS' EQUITY
  Preferred stock, unstated par value, 5,000,000
   shares authorized, none issued                              0
  Common stock, $.01 par value, 45,000,000 shares
   authorized, 1,352,512 shares issued and outstanding    13,525
  Additional paid in capital                              49,361
  Retained earnings (deficit)                            (54,584)

     Total Stockholders' Equity                            8,302

                                                        ________

     Total Liabilities and Stockholders Equity        $    8,302

                See notes to financial statements

                                3

<PAGE>


                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                   STATEMENTS OF INCOME (LOSS)
        For the Three Months Ended June 30, 1999 and 1998




                                              1999       1998

REVENUES                                    $      0     $      0


EXPENSES
  General and administrative expenses            776            0

     Total Expenses                              776            0
                                            _________    _________
NET INCOME (LOSS)                           $   (776)    $      0


                See notes to financial statements

                                4

<PAGE>


                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                   STATEMENTS OF INCOME (LOSS)
        For the Nine Months Ended June 30, 1999 and 1998



                                                                 From Inception
                                                                     as a
                                        Nine Months  Nine Months   Development
                                         Ended June   Ended June  Stage Company
                                          30, 1999     30, 1998   on January 2,
                                                                  1990 through
                                                                 June 30, 1999

REVENUES                                 $       0   $       0     $        0

EXPENSES
  General and administrative expenses        1,698           0          1,698

     Total Expenses                          1,698           0          1,698
                                         _________    ________      _________
NET INCOME (LOSS)                       $   (1,698)   $      0     $   (1,698)

                See notes to financial statements

                                5

<PAGE>


                    FUTURE TECHNOLOGIES, INC
                  (A Development Stage Company)
                    STATEMENTS OF CASH FLOWS
        For the Nine Months Ended June 30, 1999 and 1998



                                       Nine months ended         From
                                            June 30         Inception as a
                                        _______________       Development
                                       1999         1998         Stage
                                                               Company on
                                                            January 2, 1990
                                                                through
                                                             June 30, 1999


CASH FLOW FROM OPERATING ACTIVITIES:
  Net loss from operations                 $  (1,698)  $      0  $ (1,698)

     Total Provided (Used in) Operating        1,698          0     1,698
       Activities

CASH FLOW FROM INVESTING ACTIVITIES:
  Increase in organization costs               6,800          0     6,800

     Total Provided (Used in) Investing
       Activities                              6,800          0     6,800

CASH FLOW FROM FINANCING ACTIVITIES:
  Cash from stock investment                  10,000          0    10,000

     Total Provided (Used in) Financing
       Activities                             10,000          0    10,000

NET INCREASE IN CASH AND CASH EQUIVALENTS      1,502          0     1,502

CASH AND CASH EQUIVALENTS AT BEGINNING OF
  YEAR                                             0          0         0
                                              ______     ______    ______
CASH AND CASH EQUIVALENTS AT END OF YEAR     $ 1,502    $     0   $ 1,502


DISCLOSURE OF ACCOUTING POLICY:
     For purposes of the statement of cash flows, the company
considers all highly liquid debt instruments purchased with
original maturities of three months or less to be cash
equivalents.


                See notes to financial statements

                                6

<PAGE>

                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 1999

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations
The Company is a publicly held corporation presently in a dormant
status (see Note B below).  It is anticipated by management  that
the Company can be used as a shell for the future acquisition  of
a technology oriented company.

Use of Estimates
Management uses estimates and assumptions in preparing  financial
statements.  Those estimates and assumptions affect the  reported
amounts  of  assets and liabilities, the disclosure of contingent
assets and liabilities, and the reported revenues and expenses.

NOTE B - THE CORPORATION HISTORY

Future  Technologies,  Inc., (the Company)  was  incorporated  as
"Land  Corporation of America, Inc." on June  20,  1972.   In  an
Offering Circular dated November 7, 1973, 160,000 shares  of  the
Company's  stock were offered to the public at $2.50  per  share.
Previous  to  the  offering, 184,950 shares had been  issued  for
cash, property and services rendered.  The Company started out in
the  business of purchasing land, developing it, and selling  the
developed parcels to mobile and/or prefabricated home owners.

On November 30, 1977, the Company changed its name to "Future
Homes, Inc.," and operated successfully for several years.  As of
the Company's fiscal year ended September 30, 1983, there were
528,360 shares outstanding at a par value of $.10 per share.  In
the late 1980's the Company's source of financing dissolved and
the Company was forced to liquidate its assets and discontinue
business.  As of December 31, 1989, operations were suspended and
a final income tax return was filed on January 23, 1990.  The
Company's balance sheet on December 31, 1989, the date of the
suspension in operations, had the following, unaudited
information:

               Assets                     $         0

               Liabilities                $         0

               Equity:
                 Common stock             $    52,836
                 Paid in capital              491,959
                 Retained earnings (deficit) (544,795)

               Total equity               $         0

                                7

<PAGE>

                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 1999



NOTE B - THE CORPORATIONS HISTORY (continued)

In  1994,  a  former  stockholder was  elected  Director  and  an
unsuccessful attempt was made to acquire a small airline  by  the
name  of  "Capital  Air,  Inc."  In 1995 the  same  Director  and
stockholder,  in  as Asset Purchase Agreement dated  October  18,
1995,  attempted  to  acquire a company by  the  name  of  Tandem
Systems,  Inc.  The success of the Agreement was contingent  upon
the  Company being able to obtain $200,000 in new equity  capital
from  existing  and new investors.  The Company was  unsuccessful
and  Tandem  Systems, Inc., rescinded the Agreement  on  March16,
1996.

During  the  negotiating process with Tandem Systems,  Inc.,  the
stockholders of the Company met on November 14, 1995  and  agreed
to a reverse stock split.  As a result of this split, the 528,860
shares  outstanding were reduced to 264,430.  In addition, 85,570
shares  were  issued to the Director noted above for  promotional
efforts,  and  at that time, there was a 2,512 share  bookkeeping
correction  agreed  to by the Board.  During  the  course  of  an
accounting during that period, the Company decided to absorb  the
Paid in Capital account in to the Retained Earnings deficit.

On  February 8, 1999, the Company conducted a Special Meeting  of
Shareholders whereby a new Director was named.  In addition,  the
Company stockholder's agreed to amend and restate the Articles of
Incorporation  and  Bylaws to effect a  change  in  the  name  to
"Future  Technologies, Inc." and to change the authorized  number
of  shares to fortyfive million common add five million shares of
preferred  stock.   Also, the par value of the common  stock  was
changed to $0.01 per share.

NOTE C - COMMITMENTS AND CONTINGENCIES

The  Company  has made no provisions for losses relating  to  the
potential  year 2000 problem.  Although the Company has  none  of
this  type  of equipment at this time, computers and  other  data
processing equipment which may be used in operations and that  of
vendors,  vendee's and related parties may not be date  sensitive
and  thus not be able to decipher the year 2000 from other  years
ending  in "00".  This may create unforeseen problems, costs  and
losses.  Management is of the opinion that these costs and losses
are  not determinable, may not exist in their case, and are  thus
not identifiable and recordable.

                                8

<PAGE>

                    FUTURE TECHNOLOGIES, INC.
                  (A Development Stage Company)
                  NOTES TO FINANCIAL STATEMENTS
                          June 30, 1999



NOTE C - COMMITMENT AND CONTIGENCIES (continued)

As  mentioned in Note A, the Company plans to use the corporation
as  a  shell  for  future acquisitions.  There are  no  potential
acquisitions or operations at the present time and there is thus,
no  guarantee  that  any  of  the goals  of  management  will  be
accomplished  or  that  the Company, its officer,  directors  and
shareholders will succeed at these endeavors.

                                9

<PAGE>

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

Results of Operations - Nine Month periods Ended June 30, 1999 and 1998

      The Company had no revenue for the nine-month periods ended
June 30, 1999 and 1998.

      General  and  administrative expenses for  the  nine  month
period ended June 30, 1999, in the amount of $1,698, consisted of
general   corporate   administration,  legal   and   professional
expenses, and accounting and auditing costs.  The Company has  no
expenses during the same period in 1998.

     As a result of the foregoing factors, the Company realized a
net  loss  of $1,698 for the nine months ended June 30, 1999,  as
compared to a net loss of $0 for the same period in 1998.

Liquidity and Capital Resources

      At  June  30,  1999,  the Company had  working  capital  of
approximately  $1,502, as compared to $0 at September  30,  1998.
Working capital as of June 30, 1999, consisted solely of cash.

      Management believes that the Company has sufficient cash to
meet the anticipated needs of the Company's operations through at
least the next 12 months.  However, there can be no assurances to
that  effect, as the Company has no significant revenues and  the
Company's need for capital may change dramatically if it acquires
an  interest  in a business opportunity during that period.   The
Company's   current  operating  plan  is  to   (i)   handle   the
administrative  and reporting requirements of a  public  company,
and  (ii) search for potential businesses, products, technologies
and  companies for acquisition.  At present, the Company  has  no
understandings,  commitments or agreements with  respect  to  the
acquisition  of  any  business  venture,  and  there  can  be  no
assurance  that  the  Company will identify  a  business  venture
suitable for acquisition in the future.  Further, there can be no
assurance  that  the Company would be successful in  consummating
any  acquisition on favorable terms or that it will  be  able  to
profitably manage any business venture it acquires.

Forward-Looking Statements

     This Form 10-QSB includes, without limitation, certain
statements containing the words "believes", "anticipates",
"estimates", and words of a similar nature, constitute "forward-
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  This Act provides a "safe harbor"
for forward-looking statements to encourage companies to provide
prospective information about themselves so long as they identify
these statements as forward looking and provide meaningful,
cautionary statements identifying important factors that could
cause actual results to differ from the projected results.  All
statements other than statements of historical fact made in this
Form 10-QSB are forward-looking.  In particular, the statements
herein regarding industry prospects and future results of
operations or financial position are forward-looking statements.
Forward-looking statements reflect management's current
expectations and are inherently uncertain.  The Company's actual
results may differ significantly from management's expectations.

                                10

<PAGE>

                            PART II.
                        Other Information

Item 6.  Exhibits and Reports on Form 8-K

Exhibits:   Included  only  with the electronic  filing  of  this
report  is the Financial Data Schedule for the period ended  June
30, 1999 (Exhibit Ref. No. 27).

Reports on Form 8-K:  None

                           SIGNATURES

     In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf  by  the
undersigned thereunto duly authorized.

                                   FUTURE TECHNOLOGIES, INC.

Date:   September  9, 1999         By: /s/ Craig  Laughlin, President

                                 11

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