UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC  20549

                          Form 10-QSB



(Mark one)
XX        QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended March 31, 2000

             TRANSITION REPORT UNDER SECTION 13 OR  15(d)
                    OF THE EXCHANGE ACT OF 1934

              For  the transition period from   to



                Commission File Number: 0-26347

                   Future Technologies, Inc.
(Exact name of small business issuer as specified in its charter)

  Minnesota                                        41-0985135
(State of incorporation)                      (IRS Employer ID Number)

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

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


Check  whether  the issuer (1) filed all reports required  to  be
filed by Section 13 or 15(d) of the Exchange Act during the  past
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

State  the  number of shares outstanding of each of the  issuer's
classes  of common equity as of the latest practicable date:
May 5, 2000: 1,500,000

Transitional Small Business Disclosure Format (check  one):   YES
NO X


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                   Future Technologies, Inc.

        Form 10-QSB for the Quarter ended March 31, 2000

                       Table of Contents


                                                                       Page
Part I - Financial Information

 Item 1 Financial  Statements                                            3

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


Part II - Other Information

 Item 1 Legal  Proceedings                                               9

 Item 2 Changes in  Securities                                           9

 Item 3 Defaults Upon Senior Securities                                  9

 Item 4 Submission of Matters to a Vote of Security Holders             10

 Item 5 Other Information                                               10

 Item 6 Exhibits and Reports on Form 8-K                                10


 Signatures                                                             10

                                2
<PAGE>

S. W. HATFIELD, CPA
certified public accountants

Member: American Institute of Certified Public Accountants
   SEC Practice Section
   Information Technology Section
Texas Society of Certified Public Accountants


Item 1 - Part 1 - Financial Statements

                   Accountant's Review Report

Board of Directors and Shareholder
Future Technologies, Inc.

We  have  reviewed  the  accompanying balance  sheets  of  Future
Technologies, Inc. (a Minnesota corporation) as of March 31, 2000
and  1999  and  the  accompanying statements  of  operations  and
comprehensive income for the six and three months ended March 31,
2000  and  1999 and statements of cash flows for the  six  months
ended  March  31, 2000 and 1999.  These financial statements  are
prepared in accordance with the instructions for Form 10-QSB,  as
issued  by the U. S. Securities and Exchange Commission, and  are
the sole responsibility of the Company's management.

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

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

The accompanying financial statements have been prepared assuming
that  the Company will continue as a going concern.  As discussed
in  Note A to the financial statements, the Company has no viable
operations   or   significant  assets  and  is   dependent   upon
significant shareholders to provide sufficient working capital to
maintain   the   integrity  of  the  corporate   entity.    These
circumstances  create  substantial  doubt  about  the   Company's
ability to continue as a going concern and are discussed in  Note
A.   The financial statements do not contain any adjustments that
might result from the outcome of these uncertainties.


                                        S. W. HATFIELD, CPA
Dallas, Texas
May 6, 2000

                                3

The  accompanying notes are an integral part of  these  financial
statements.
The  financial information presented herein has been prepared  by
management without audit by independent certified public accountants.


<PAGE>
                   Future Technologies, Inc.
                         Balance Sheets
                    March 31, 2000 and 1999

                          (Unaudited)

                                           March  31,       March 31,
                                             2000              1999
                             ASSETS
Current Assets
 Cash on hand and in bank                   $  4,128           $  4,078

Total  Assets                               $  4,128           $  4,078


              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
 Advances  from  shareholder                $      -           $     -

Commitments and Contingencies

Shareholders' Equity
 Preferred stock - $0.01 par value.
   5,000,000 shares authorized;
   none issued and outstanding                     -                 -
Common stock - $0.01 par value.
  45,000,000 shares authorized.
  1,500,000 and 1,352,512 shares
  issued and outstanding, respectively       15,000             13,525
Additional  paid-in capital                  56,711             49,361
Deficit  accumulated during the
 development stage                          (67,583)           (53,808)
                                              4,128              9,078
Stock subscription receivable                     -             (5,000)

   Total shareholders' equity                 4,128              4,078

Total Liabilities and Shareholders' Equity $  4,128          $   4,078


                                4

See Accountant's Review Report.
The  accompanying notes are an integral part of  these  financial
statements.

<PAGE>
                   Future Technologies, Inc.
       Statements of Operations and Comprehensive Income
       Six and Three months ended March 31, 2000 and 1999

                          (Unaudited)

                                Six months  Six months Three months Three months
                                   ended       ended       ended        ended
                                 March 31,   March 31,   March 31,    March 31,
                                   2000        1999        2000          1999

Revenues                            $      -    $      -    $      -   $      -

Expenses
 General and administrative            4,807         922        4,452       922

   Total expenses                      4,807         922        4,452       922

Loss before Income Taxes              (4,807)       (922)      (4,452)     (922)

Provision for Income Taxes                 -           -            -         -

Net Loss                              (4,807)       (922)      (4,452)     (922)

Other comprehensive income                 -           -            -         -

Comprehensive Income             $    (4,807)    $  (922)  $   (4,452)  $  (922)

Loss per weighted-average share of
 common stock outstanding,
 computed on Net Loss - basic
 and fully diluted                        nil         nil        nil        nil

Weighted-average number of shares
 of  common  stock outstanding      1,368,842    490,946    1,389,823   636,978

                                5

 <PAGE>

                   Future Technologies, Inc.
                    Statements of Cash Flows
            Six months ended March 31, 2000 and 1999

                          (Unaudited)

                                                      Six months   Six months
                                                         ended        ended
                                                       March 31,    March 31,
                                                         2000         1999
Cash Flows from Operating Activities
 Net Loss                                              $ (4,807)   $  (922)
 Adjustments to reconcile net income to net cash
   provided by operating activities
     Decrease   in   accounts   payable                   (900)          -

Net cash provided by (used in) operating activities     (5,707)       (922)

Cash Flows from Investing Activities                         -           -

Cash Flows from Financing Activities
 Cash received common stock subscription                 8,825       5,000
 Advance    from   shareholder                               -           -

Net cash provided by financing activities                8,825       5,000

Increase (Decrease) in Cash and Cash Equivalents         3,118       4,078

Cash and cash equivalents at beginning of period         1,010           -

Cash and cash equivalents at end of period           $   4,128    $  4,078

Supplemental Disclosures of Interest and Income Taxes Paid

 Interest  paid  during  the  period                  $      -   $       -
 Income   taxes  paid  (refunded)                     $      -   $       -

                                6

<PAGE>

                   Future Technologies, Inc.

                 Notes to Financial Statements


Note A - Organization and Description of Business

Future  Technologies, Inc. (Company) was initially  formed  under
the  laws  of  the  State  of Minnesota as  Land  Corporation  of
America,  Inc.  on  June 20, 1972 for the purpose  of  developing
parcels  of land into mobile home parks and to sell the developed
lots  to  owners  of  mobile homes.  On November  30,  1977,  the
Company  changed  its corporate name to Future Homes,  Inc.   The
Company  operated  successfully until  the  late-1970's  when  an
economic recession caused significant difficulty in the financing
of  mobile  homes  for purchasers.  The Company began  to  suffer
operating  losses through the early-1980's and, in  1983,  closed
five  (5) of its six (6) operating locations.  On June 10,  1989,
the  Company  assigned all remaining assets to its creditors  and
became inactive.

On  February  8,  1999,  the  Company restated  its  Articles  of
Incorporation in the State of Minnesota, increased the authorized
number  of  shares  which  may be issued  in  the  form  of  both
preferred and common stock, changed its stated par value to $0.01
per  share and adopted new corporate by-laws.  Additionally, this
restatement  changed  the corporate name to Future  Technologies,
Inc.

The  Company  successfully completed a  public  offering  of  its
common stock in 1973 whereby 160,000 shares were sold at a  gross
price of $2.50 per share.

The  current business purpose of the Company is to seek  out  and
obtain a merger, acquisition or outright sale transaction whereby
the  Company's  stockholders will benefit.  The  Company  is  not
engaged  in any negotiations and has not undertaken any steps  to
initiate the search for a merger or acquisition candidate.

With  the  disposition  of all operations in  1989,  the  Company
became  fully  dependent  upon the  support  of  its  controlling
shareholders for the maintenance of its corporate status  and  to
provide  all  working capital support for the  Company's  behalf.
The  controlling shareholders intend to continue the  funding  of
necessary expenses to sustain the corporate entity.

During  interim  periods,  the  Company  follows  the  accounting
policies set forth in its Annual Report Pursuant to Section 13 or
15(d) of The Securities Exchange Act of 1934 on Form 10-KSB filed
with   the  U.  S.  Securities  and  Exchange  Commission.    The
information  presented  herein may not  include  all  disclosures
required  by  generally accepted accounting  principles  and  the
users  of  financial  information provided  for  interim  periods
should  refer  to the annual financial information and  footnotes
contained in its Annual Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934 on Form 10-KSB when reviewing
the interim financial results presented herein.

In  the opinion of management, the accompanying interim financial
statements, prepared in accordance with the instructions for Form
10-QSB,  are  unaudited  and  contain all  material  adjustments,
consisting  only  of  normal recurring adjustments  necessary  to
present fairly the financial condition, results of operations and
cash  flows  of  the Company for the respective  interim  periods
presented.   The  current period results of  operations  are  not
necessarily  indicative  of  results  which  ultimately  will  be
reported for the full fiscal year ending September 30, 2000.

The  preparation  of  financial  statements  in  conformity  with
generally  accepted accounting principles requires management  to
make  estimates  and  assumptions that  affect  certain  reported
amounts  and  disclosures.   Accordingly,  actual  results  could
differ from those estimates.

                                7

 <PAGE>
                   Future Technologies, Inc.

           Notes to Financial Statements - Continued


 Note B - Summary of Significant Accounting Policies

1. Cash and cash equivalents

 The  Company considers all cash on hand and in banks,  including
 accounts  in book overdraft positions, certificates  of  deposit
 and  other  highly-liquid investments with maturities  of  three
 months   or   less,  when  purchased,  to  be  cash   and   cash
 equivalents.

 Cash overdraft positions may occur from time to time due to  the
 timing  of  making  bank  deposits  and  releasing  checks,   in
 accordance with the Company's cash management policies.

2. Income taxes

 The  Company  uses the asset and liability method of  accounting
 for  income  taxes.   At March 31, 2000 and 1999,  respectively,
 the  deferred tax asset and deferred tax liability accounts,  as
 recorded   when  material  to  the  financial  statements,   are
 entirely   the  result  of  temporary  differences.    Temporary
 differences represent differences in the recognition  of  assets
 and  liabilities  for  tax  and  financial  reporting  purposes,
 primarily  accumulated depreciation and amortization,  allowance
 for doubtful accounts and vacation accruals.

 Due  to the provisions of Internal Revenue Code Section 338, the
 Company  will have no net operating loss carryforwards available
 to  offset  financial statement or tax return taxable income  in
 future  periods as a result of a change in control involving  50
 percentage   points  or  more  of  the  issued  and  outstanding
 securities of the Company.

3. Earnings (loss) per share

 Basic earnings (loss) per share is computed by dividing the  net
 income  (loss)  by  the weighted-average  number  of  shares  of
 common   stock   and   common   stock   equivalents   (primarily
 outstanding  options  and warrants).  Common  stock  equivalents
 represent  the  dilutive effect of the assumed exercise  of  the
 outstanding  stock  options  and warrants,  using  the  treasury
 stock  method.  The calculation of fully diluted earnings (loss)
 per  share  assumes  the  dilutive effect  of  the  exercise  of
 outstanding options and warrants at either the beginning of  the
 respective  period presented or the date of issuance,  whichever
 is  later.  As of March 31, 2000 and 1999 and 1998, the  Company
 has no outstanding warrants and options issued and outstanding.

Note C - Common Stock Transactions

On  March  5,  1999,  the Company issued approximately  1,000,000
shares  of  restricted, unregistered common stock pursuant  to  a
private placement letter to its President for proceeds of $10,000
cash.   The  proceeds were designated by the Company's  Board  of
Directors  "to  pay  for  legal, accounting  and  other  expenses
associated with the Company's plan to position itself to make  an
acquisition of an existing business opportunity".

On  March  7,  2000  ,  the Company issued approximately  151,911
shares  of  restricted, unregistered common stock pursuant  to  a
private placement letter to its President for proceeds of  $8,825
cash.   The  proceeds were designated by the Company's  Board  of
Directors  "to  pay  for  legal, accounting  and  other  expenses
associated with the Company's plan to position itself to make  an
acquisition of an existing business opportunity".

                                8

 <PAGE>

Part I - Item 2

Management's  Discussion and Analysis of Financial Condition  and
Results of Operations

(1)  Caution Regarding Forward-Looking Information

This quarterly report contains certain forward-looking statements
and  information relating to the Company that are  based  on  the
beliefs of the Company or management as well as assumptions  made
by   and  information  currently  available  to  the  Company  or
management.   When used in this document, the words "anticipate,"
"believe,"   "estimate,"  "expect"  and  "intend"   and   similar
expressions, as they relate to the Company or its management, are
intended to identify forward-looking statements.  Such statements
reflect  the current view of the Company regarding future  events
and  are subject to certain risks, uncertainties and assumptions,
including the risks and uncertainties noted.  Should one or  more
of these risks or uncertainties materialize, or should underlying
assumptions  prove incorrect, actual results may vary  materially
from  those described herein as anticipated, believed, estimated,
expected   or   intended.   In  each  instance,   forward-looking
information  should  be considered in light of  the  accompanying
meaningful cautionary statements herein.

(2)  General comments

With  the  disposition  of all operations in  1989,  the  Company
became  fully  dependent  upon the  support  of  its  controlling
shareholders for the maintenance of its corporate status  and  to
provide  all  working capital support for the  Company's  behalf.
The  controlling shareholders intend to continue the  funding  of
necessary expenses to sustain the corporate entity.

The  current business purpose of the Company is to seek  out  and
obtain a merger, acquisition or outright sale transaction whereby
the  Company's stockholders will benefit.  As of this filing, the
Company  has not entered into any definitive agreement to acquire
or merge with another entity.

(3)Results of Operations, Liquidity and Capital Resources

As  of  the  date of this filing, the Company has no  operations,
assets  or  liabilities.  Accordingly, the Company  is  dependent
upon   management  and/or  significant  shareholders  to  provide
sufficient  working  capital to preserve  the  integrity  of  the
corporate  entity at this time.  It is the intent  of  management
and   significant  shareholders  to  provide  sufficient  working
capital  necessary to support and preserve the integrity  of  the
corporate entity.

The Company is currently seeking a suitable merger or acquisition
candidate.


Part II - Other Information

Item 1 - Legal Proceedings

   None

Item 2 - Changes in Securities

   On  March  7, 2000 , the Company issued approximately  151,911
   shares of restricted, unregistered common stock pursuant to  a
   private  placement  letter to its President  for  proceeds  of
   $8,825  cash.   The proceeds were designated by the  Company's
   Board  of  Directors "to pay for legal, accounting  and  other
   expenses  associated  with  the  Company's  plan  to  position
   itself   to  make  an  acquisition  of  an  existing  business
   opportunity".

Item 3 - Defaults on Senior Securities

   None

                                9

 <PAGE>


Item 4 - Submission of Matters to a Vote of Security Holders

   The  Company  has  held  no  regularly  scheduled,  called  or
   special meetings of shareholders during the reporting period.

Item 5 - Other Information

   None

Item 6 - Exhibits and Reports on Form 8-K

   Exhibit 27 - Financial Data Schedule
   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.


May 6, 2000                             /s/ Craig Laughlin.
                                            Craig Laughlin
                                            President, Director and
                                            Chief Accounting Officer


                               10

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