UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC  20549

                           Form 10-QSB


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

               For the quarterly period ended December 31, 1999

      [ ]       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:
February 2, 2000: 1,348,089

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

<PAGE>
                    Future Technologies, Inc.

       Form 10-QSB for the Quarter ended December 31, 1999

                        Table of Contents


                                                                  Page
Part I - Financial Information

 Item 1  Financial  Statements                                       3

 Item 2  Management's Discussion and Analysis or Plan of Operation   8


Part II - Other Information

 Item 1  Legal  Proceedings                                          8

 Item 2  Changes  in  Securities                                     8

 Item 3  Defaults  Upon Senior  Securities                           8

 Item 4  Submission of Matters to a Vote of Security Holders         9

 Item 5  Other Information                                           9

 Item 6  Exhibits and Reports on Form  8-K                           9


 Signatures                                                          9

                                2

<PAGE>
Part 1 - Item 1 - Financial Statements

                    Future Technologies, Inc.
                         Balance Sheets
                   December 31, 1999 and 1998

                           (Unaudited)

                                                           1999        1998
                             ASSETS
Current Assets
 Cash  on hand  and  in  bank                        $      255     $     -

Total  Assets                                        $      255     $     -


              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
 Advances  from  shareholder                         $     500     $      -

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.
   1,348,089 and 348,089 shares
   issued and outstanding, respectively                 13,481        3,481
  Additional paid-in capital                            49,405       49,405
Deficit accumulated during the development stage       (63,131)     (52,886)
     Total shareholders' equity                           (245)           -

Total   Liabilities  and  Shareholders'  Equity       $    255    $       -


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.

                                3
<PAGE>
                    Future Technologies, Inc.
        Statements of Operations and Comprehensive Income
          Three months ended December 31, 1999 and 1998

                           (Unaudited)

                                          Three months       Three months
                                              ended              ended
                                          December  31,       December 31,
                                              1999                1998

    Revenues                              $         -         $        -

Expenses
 General and administrative                       355                  -

    Total expenses                                355                  -

Loss before Income Taxes                         (355)                 -

Provision for Income Taxes                          -                  -

    Net Loss                                     (355)                 -

Other comprehensive income                          -                  -

Comprehensive Income                       $     (355)        $        -

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

Weighted-average number of shares
    of common stock outstanding             1,348,089             348,089


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.

                                4

<PAGE>
                    Future Technologies, Inc.
                    Statements of Cash Flows
          Three months ended December 31, 1999 and 1998

                           (Unaudited)

                                            Three months     Three months
                                              ended             ended
                                            December  31,     December 31,
                                                1999              1998
Cash Flows from Operating Activities
 Net  Loss                                  $       (355)     $        -
 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                                      (1,255)              -

Cash Flows from Investing Activities                   -               -

Cash Flows from Financing Activities
  Advance from shareholder                           500               -

Net cash provided by financing activitie             500               -

Increase (Decrease) in Cash and Cash Equivalents    (755)              -

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

Cash and cash equivalents at end of period      $    255        $      -

Supplemental Disclosures of Interest and
  Income Taxes Paid

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


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.

                                5

<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.

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.


 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.

                                6

<PAGE>
                    Future Technologies, Inc.

            Notes to Financial Statements - Continued


 Note B - Summary of Significant Accounting Policies - Continued

2. Income taxes

   The  Company uses the asset and liability method of accounting
   for   income   taxes.   At  December  31,   1999   and   1998,
   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 December 31, 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".


      (Remainder of this page left blank intentionally)

                                7

<PAGE>

Part I - Item 2

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

I.   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.

(1)  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

   None

Item 3 - Defaults on Senior Securities

   None

                                8

<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.


February 3, 2000                        /s/ Craig Laughlin.
                                        Craig Laughlin
                                        President, Director and
                                        Chief Accounting Officer


                                9