UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 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 December 31, 2000

[ ]     Transition Report pursuant to 13 or 15(d) of the Securities Exchange
        Act of 1934

        For the transition period                to
                                 ----------------   ---------------------
            Commission File Number     333-37198
                                       ---------


                         UNITED MANGEMENT, INC.
           ---------------------------------------------------
(Exact name of small Business Issuer as specified in its charter)


               Nevada                                  98-0204736
-----------------------------------          -----------------------------------
(State or other jurisdiction of            b  (IRS Employer Identification No.)
--------------------------------
incorporation or organization)
--------------------------------


#106, 1460 Pandosy Street
Kelowna, BC                                             V1Y 1P3
-------------------------------------                ----------------------
(Address of principal executive offices)            (Postal or Zip Code)


Issuer's telephone number, including area code:          250-868-8445
                                                         ------------

                                       None
           --------------------------------------------------------------------
          (Former name, former address and former fiscal year, if changed since
           last report)


Check whether the issuer (1) 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 issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days     [X] Yes    [ ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 788,420 Shares of $0.0001 par value
Common Stock outstanding as of December 31, 2000.

<PAGE>


                       PART 1 - FINANCIAL INFORMATION


Item 1.     Financial Statements


The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, cash flows, and
stockholders' equity in conformity with generally accepted accounting
principles. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.
Operating results for the six months ended December 31, 2000 are not necessarily
indicative of the results that can be expected for the year ending June 30,
2001.


<PAGE>



                           UNITED MANAGEMENT, INC.
                       (A Development Stage Company)


                            FINANCIAL STATEMENTS


                             DECEMBER 31, 2000
                          (Stated in U.S. Dollars)


<PAGE>


                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                                    BALANCE SHEET
                              (Stated in U.S. Dollars)


--------------------------------------------------------------------------------
                                                     DECEMBER 31      JUNE 30
                                                         2000           2000
--------------------------------------------------------------------------------

ASSETS

Restricted Cash(Note 4)                               $ 115,368     $     -
--------------------------------------------------------------------------------

LIABILITIES

Current
  Accounts payable and accrued liabilities            $  23,504     $   3,235
  Loans payable                                          13,106            -
                                                     ---------------------------
                                                         36,610         3,235
                                                     ---------------------------

SHAREHOLDERS' DEFICIENCY

Share Capital
  Authorized:
   100,000,000 common shares, par value
    $0.0001 per share

  Issued and outstanding:
       788,420 common shares at
          December 31, 2000 and
       500,000 common shares at June 30, 2000                79            50

  Additional paid in capital                            131,009        15,670

Deficit                                                 (52,330)      (18,955)
                                                     ---------------------------
                                                        (78,758)       (3,235)
                                                     ---------------------------
                                                      $ 115,368     $      -
--------------------------------------------------------------------------------

<PAGE>



                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                           STATEMENT OF OPERATIONS AND DEFICIT
                              (Stated in U.S. Dollars)



<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
                                                                                           INCEPTION
                                                                                           JANUARY 29
                                        THREE MONTHS ENDED         SIX MONTHS ENDED          1997 TO
                                           DECEMBER 31                DECEMBER 31         DECEMBER 31
                                         2000        1999          2000        1999           2000
---------------------------------------------------------------------------------------------------------
<S>                                   <C>         <C>            <C>        <C>           <C>
Expenses
  Office and sundry                   $  2,315    $    677       $  4,443   $  3,092      $  11,070
  Professional fees                     21,806       1,758         28,932      5,245         41,210
  Stock based compensation for
   organizational costs                    -           -              -          -               50
                                      ------------------------------------------------------------------

Net Loss For The Period                 24,121       2,435         33,375      8,337      $  52,330
                                                                                          ==============

Deficit, Beginning Of Period            28,209       5,952         18,955         50
                                      -----------------------------------------------

Deficit, End Of Period                $ 52,330    $  8,387       $ 52,330   $  8,387
=====================================================================================

Net Loss Per Share                    $  (0.04)   $  (0.01)      $  (0.06)  $  (0.01)
=====================================================================================

Weighted Average Number Of Shares
 Outstanding                           597,185     500,000        548,593    500,000
=====================================================================================
</TABLE>

<PAGE>


                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                               STATEMENT OF CASH FLOWS
                               (Stated in U.S. Dollars)

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
                                                                                           INCEPTION
                                                                                           JANUARY 29
                                        THREE MONTHS ENDED         SIX MONTHS ENDED          1997 TO
                                           DECEMBER 31                DECEMBER 31         DECEMBER 31
                                         2000        1999          2000        1999           2000
---------------------------------------------------------------------------------------------------------
<S>                                   <C>         <C>            <C>        <C>           <C>
Cash Flow From Operating Activities
  Net loss for the period             $(24,121)   $ (2,435)      $(33,375)  $ (8,337)     $(52,330)
  Non-cash transactions:
   Stock-based  compensation
    for organizational costs               -           -              -          -              50
   Third party expenses paid by
    affiliate on behalf of the
    Company, recorded as
    additional paid-in capital             -         7,812            -        7,812        15,670

Adjustments To Reconcile Net
 Loss To Net Cash Used By
 Operating Activities
  Accounts payable and accrued
   liabilities                          21,805      (3,689)        20,269        525        23,504
  Loans payable                          2,316      (1,688)        13,106        -          13,106
                                      -------------------------------------------------------------------
                                           -           -              -          -             -
                                      -------------------------------------------------------------------
Cash Flow From Financing Activities
 Common stock issued                   115,368         -          115,368        -         115,368
                                      -------------------------------------------------------------------

Change In Cash                         115,368         -          115,368        -         115,368

Cash, Beginning Of Period                  -           -                 -       -             -
                                      -------------------------------------------------------------------

Cash, End Of Period                   $115,368    $    -         $115,368   $    -        $115,368
=========================================================================================================
</TABLE>


<PAGE>



                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                            STATEMENT OF SHAREHOLDERS EQUITY
                               (Stated in U.S. Dollars)

<TABLE>
<CAPTION>
                                                              ADDITIONAL
                                                               PAID-IN
                                       SHARES       AMOUNT     CAPITAL     DEFICIT     TOTAL
                                       --------------------------------------------------------
<S>                                    <C>         <C>       <C>        <C>           <C>
Shares Issued For Cash At $0.0001      500,000     $   50    $   -      $     (50)    $     -
                                       --------------------------------------------------------

Balance, June 30, 1997 And 1998        500,000         50         -            (50)          -

Loss For The Year                           -          -          -         (1,973)      (1,973)
                                       --------------------------------------------------------

Balance, June 30, 1999                 500,000         50         -         (2,023)      (1,973)

Third Party Expenses Paid By
 Affiliate On Behalf Of The Company,
 Recorded As Additional Paid-In
 Capital                                    -          -       15,670           -        15,670

Loss For The Year                           -          -          -        (16,932)     (16,932)
                                       --------------------------------------------------------

Balance, June 30, 2000                 500,000         50      15,670      (18,955)      (3,235)

Shares Issued For Cash At $0.40
  (Note 4)                             288,420         29     115,339          -        115,368

Loss For The Period                        -           -          -        (33,375)     (33,375)
                                       --------------------------------------------------------

Balance, December 31, 2000             788,420     $   79    $131,009   $  (52,330)   $  78,758
                                       ========================================================
</TABLE>





<PAGE>


                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                              NOTES TO FINANCIAL STATEMENTS

                                   DECEMBER 31, 2000
                               (Stated in U.S. Dollars)


1.     BASIS OF PRESENTATION

The unaudited financial statements as of December 31, 2000 included herein have
been prepared without audit pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with United States generally accepted principles have been condensed or omitted
pursuant to such rules and regulations.  In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included.  It is suggested that these financial
statements be read in conjunction with the June 30, 2000 audited financial
statements and notes thereto.


2.     NATURE OF OPERATIONS

a)     Organization

The Company was incorporated in the State of Nevada, U.S.A. on January 29, 1997.

b)     Development Stage Activities

The Company has been in the development stage since inception and has no
operations to date.


3.     SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the Company have been prepared in accordance with
generally accepted accounting principles in the United States.  Because a
precise determination of many assets and liabilities is dependent upon future
events, the preparation of financial statements for a period necessarily
involves the use of estimates which have been made using careful judgement.

The financial statements have, in management's opinion, been properly prepared
within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:

a)     Development Stage Company

The Company is a development stage company as defined in the Statements of
Financial Accounting Standards No. 7.  The Company is devoting substantially all
of its present efforts to establish a new business and none of its planned
principal operations have commenced.  All losses accumulated since inception
have been considered as part of the Company's development stage activities.

<PAGE>

                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                              NOTES TO FINANCIAL STATEMENTS

                                   DECEMBER 31, 2000
                               (Stated in U.S. Dollars)


3.     SIGNIFICANT ACCOUNTING POLICIES(Continued)

b)     Use of Estimates

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities, and disclosure of
contingent assets and liabilities at the date of the financial statements, and
the reported amounts of revenues and expenses for the reporting period.  Actual
results could differ from these estimates.

c)     Income Taxes

The Company has adopted Statement of Financial Accounting Standards No. 109 -
"Accounting for Income Taxes" (SFAS 109). This standard requires the use of an
asset and liability approach for financial accounting and reporting on income
taxes. If it is more likely than not that some portion or all if a deferred tax
asset will not be realized, a valuation allowance is recognized.

d)     Financial Instruments

The Company's financial instruments consist of accounts payable and accrued
liabilities, and loans payable.

Unless otherwise noted, it is management's opinion that this Company is not
exposed to significant interest or credit risks arising from these financial
instruments.  The fair value of these financial instruments approximate their
carrying values, unless otherwise noted.

e)     Net Loss Per Share

Net loss per share is based on the weighted average number of common shares
outstanding during the period plus common share equivalents, such as options,
warrants and certain convertible securities.  This method requires primary
earnings per share to be computed as if the common share equivalents were
exercised at the beginning of the period or at the date of issue and as if the
funds obtained thereby were used to purchase common shares of the Company at its
average market value during the period.



<PAGE>

                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                              NOTES TO FINANCIAL STATEMENTS

                                   DECEMBER 31, 2000
                               (Stated in U.S. Dollars)



4.     SHARE CAPITAL

In December 2000, the Company completed an initial public offering of 288,420
common shares at $0.40 per share for cash proceeds of $115,368.  The proceeds of
the offering and the common shares issued pursuant thereto are being held in an
escrow account, and shall remain in the escrow account until an acquisition
meeting specific criteria is completed.  Before the acquisition can be
completed, and before the deposited funds and deposited securities can be
released to the Company and the investors, respectively, the Company is required
to update its registration statement with a post-effective amendment, and within
five business days after the effective date thereof, the Company is required to
furnish the investors with the prospectus produced thereby containing the terms
of a reconfirmation offer and information regarding the proposed acquisition
candidate and its business.  Investors must have no fewer than 20 and no more
than 45 business days from the effective date of the post-effective amendment to
decide to reconfirm their investment and remain an investor or, alternately,
require the return of their investment.  Each investor shall have 20 business
days from the date of this prospectus to reconfirm their investment.  Any
investor not making any decision within the 20 business day period will
automatically have their investment returned.

If the Company does not complete an acquisition meeting the specified criteria
within 18 months of the effective date of its initial public offering, all of
the deposited funds in the escrow account must be returned to investors.


5.     ACQUISITION AGREEMENT

In December 2000, the Company executed an agreement with RRUN Ventures Inc., a
private Nevada corporation, and its shareholders to acquire all of the issued
and outstanding common shares of RRUN Ventures Inc. in exchange for 305,439 of
the Company's common shares.  Consummation of this transaction is conditional,
among other things, upon the acceptance of the reconfirmation offer by the
holders of at least 80% of the common shares subscribed for in the initial
public offering described in Note 4.


<PAGE>


Item 2.     Management's Discussion and Analysis or Plan of Operations

We were organized as a Nevada corporation on January 29, 1997 for the purpose of
creating a corporate vehicle to seek, investigate and, if such investigation
warrants, acquire an interest in business opportunities presented to us by
persons or firms who or which desire to employ our funding in their business or
to seek the perceived advantages of a publicly-held corporation.  In December
2000, we completed an initial public offering of 288,420 shares of our common
stock at a price of $.40 per share pursuant to a registration statement that
became effective with the Securities and Exchange Commission on November 28,
2000.  In December 2000, the Company executed an agreement with RRUN Ventures,
Inc., a Nevada corporation, and its shareholders to acquire all of the issued
and outstanding shares of capital stock of RRUN Ventures, Inc. in exchange for
305,439 shares of our common stock.  RRUN's core business venture is RAHX, a
platform that uses Peer to Peer (P2P) technologies to enable and enhance the
distribution of digital media files over the Internet.

In December 2000, we commenced negotiations to acquire RRUN.  The President of
RRUN is Ray Hawkins, who also serves as CEO.  RRUN indicated that it was
interested in seeking the perceived advantages of a publicly-held corporation
and requested information from us.  In turn, we requested and received
background information on RRUN including certain financial information.  Once
such information was exchanged, the parties began to negotiate the structure of
the transaction.  The Company indicated that it was interested in acquiring all
of the outstanding capital stock of RRUN so that RRUN would be a wholly-owned
subsidiary.  RRUN indicated that such structure would be acceptable provided
that the current shareholders of RRUN received such number of shares of common
stock which would in the aggregate represent at least 51% of our outstanding
shares of common stock.  An agreement was thereupon drafted and in December
2000, we executed the agreement with RRUN and its shareholders to acquire 100%
of the stock of RRUN in exchange for 305,439 shares of our common stock.

288,420 shares of common stock were offered at a purchase price of $.40 per
share on a "best efforts, all or none" basis.  The offering was conducted
directly by the Company without the use of a professional underwriter and was
completed in December 2000.  A prospectus will be furnished to investors in the
offering for such investors to consider reconfirming their investment as a
result of our proposed acquisition.

There are presently 500,000 shares of common stock outstanding of an authorized
issuance of 100,000,000 shares of common stock.  If the acquisition is
completed, 593,859 shares of common stock will be outstanding.

We deposited the proceeds of this offering into an escrow account with City
National Bank, N.A., Los Angeles, California ("escrow agent").  A certificate
bearing the investor's name was issued and delivered to the escrow agent for
safekeeping.

After the post-effective amendment is declared effective, we will commence the
reconfirmation offering.  Upon reconfirmation, we will notify the escrow agent
to release the proceeds and the securities to us.  We will distribute the
certificates to the shareholders.  Investors will receive a supplement to the
prospectus indicating the amount of proceeds and securities released and the
date of release.

<PAGE>


Item 2.     Management's Discussion and Analysis or Plan of Operations
           (Continued)

We are a blank check company and, consequently, this reconfirmation offering is
being conducted in compliance with Rule 419.  The investors have certain rights
and will receive the substantive protection provided by the rule.  To that end,
the securities purchased by investors and the funds received in our initial
public offering are deposited and held in an escrow account established pursuant
to Rule 419, and shall remain in the escrow account until an acquisition meeting
specific criteria is completed.  Before the acquisition can be completed and
before the deposited funds and deposited securities can be released to us and
the investors, respectively, we are required to update the registration
statement with a post-effective amendment, and within five business days after
the effective date thereof, we are required to furnish the investors with the
prospectus produced thereby containing the terms of a reconfirmation offer and
information regarding the proposed acquisition candidate and its business,
including audited financial statements.  According to Rule 419, investors must
have no fewer than 20 and no more than 45 business days from the effective date
of the post-effective amendment to decide to reconfirm their investment and
remain an investor or, alternately, require the return of their investment.
Each investor shall have 20 business days from the date of this prospectus to
reconfirm his/her investment.  Any investor not making any decision within the
20 business day period will automatically have his/her investment returned.

The rule further provides that if we do not complete an acquisition meeting the
specified criteria within 18 months of the effective date of the initial public
offering, all of the deposited funds in the escrow account must be returned to
investors.

The terms of the merger are set forth in the Reorganization Agreement dated
December 18, 2000 and consummation of the merger is conditioned upon, among
other things, the acceptance of the reconfirmation offer by holders of at least
80% of the shares owned by the investors.  As a result of the consummation of
the merger, RRUN will be merged into United Management, with United Management
as the surviving entity. We will then change our name to RRUN Ventures, Inc.
Upon consummation of the merger, (i) each shareholder who holds shares of our
common stock registered pursuant to a registration statement declared effective
by the SEC on November 28, 2000 prior to the merger and who accepts the
reconfirmation offer shall continue to hold his or her share certificate(s)
representing our registered common stock; and (ii) each stockholder of
registered common stock who rejects the reconfirmation offer will be paid his or
her pro rata share of the amount in the escrow account of $.40 per share.  At
the effective date of the merger, 100% of the issued and outstanding shares of
RRUN shall be canceled.  We shall issue 305,439 shares of our common stock to
RRUN shareholders after the effective date, and our current shareholders shall
own 288,420 shares, representing 48.6% of the surviving entity.

Our board of directors believes that the merger represents a good investment
opportunity for our shareholders and recommends that the investors elect to
accept the reconfirmation offering.  The merger agreement was approved by the
directors and shareholders of RRUN by written consent dated December 18, 2000.
The merger agreement was confirmed by the unanimous consent of the directors on
December 18, 2000.


<PAGE>


Item 2.     Management's Discussion and Analysis or Plan of Operations
            (Continued)

Although we are the legal surviving corporation, for accounting purposes, the
merger is treated as a purchase business acquisition of United Management by
RRUN in a reverse acquisition, and a recapitalization of RRUN.  RRUN is the
acquirer for accounting purposes because the former RRUN stockholders received
the larger portion of the common stockholder interests and voting rights
retained by the our former stockholders.  Because RRUN is the acquirer for
accounting purposes under APB Opinion No. 16, the surviving entity shall adopt
RRUN's fiscal year end, December 31.

In our initial public offering, we generated $115,368 in proceeds.  No portion
of the deposited funds has been or will be expended to merge RRUN into us.  The
deposited funds will be transferred to us pursuant to the merger agreement if
and when a business combination is effected.

RRUN Ventures, Inc.'s core business venture is RAHX, a software platform that
uses Peer to Peer (P2P) technologies to enable and enhance the distribution of
digital media files over the Internet.   P2P technologies allow users to
exchange digital media files directly from their computers.  RAHX focuses on
providing both owners and consumers of media-related content a suite of software
products that address their respective needs.  RRUN expects to launch the RAHX
venture before the end of 2001, in order to take advantage of the sudden growth
in the file exchange industry.

RAHX is used in congruence with the product, RAHXWARE, the software which users
use to connect to RAHX.

Upon closing of the merger with United Management Inc., RRUN will require
additional funds to finance its operations.  RRUN plans to seek financing within
six (6) months of the merger to capitalize its funding requirements.  This
financing is intended to satisfy its cash needs for the first twelve (12) to
eighteen (18) months of operations. To further fund RRUN's business efforts it
plans to meet the requirements to complete a listing on the NASDAQ Small Cap
Market and subsequently execute a secondary offering of its common stock. This
proposed listing on the NASDAQ Small Cap Market is planned for eighteen (18) to
twenty-four (24) months after the closing of the merger between RRUN and United
Management Inc.

To ensure the necessary funds will be raised for RRUN, it has begun to develop a
relationship with an international investment banking firm.

Over the first twelve (12) months of operations, RRUN plans to conduct
significant product research and development (R & D) for it's Peer to Peer (P2P)
product, RAHX. From system architecture design to working prototype and Alpha
and Beta releases, RRUN seeks to develop RAHX within an accelerated product
cycle of six (6) to nine (9) months.

Within the first year of operation RRUN intends to invest significantly in
equipment to be used in developing products, the RAHX back end technology and
corporate file servers. RRUN will continue its main operations out of its
Vancouver, BC facility and intends to open business development offices in New
York and Los Angeles.

RRUN anticipates that its staffing levels of RRUN will increase significantly to
approximately 50 employees over the first year of operations to properly execute
its business plan and to support its aggressive growth strategy.

<PAGE>


Item 2.     Management's Discussion and Analysis or Plan of Operations
            (Continued)

In addition to increasing the number of employees, additional senior management
will be required to add experience to the present management team and further
RRUN's development.  Over the first twelve (12) months, RRUN intends to appoint
additional members to the Board of Directors and form an advisory board of
industry professionals to guide, counsel and assist it through its business
strategy execution.

Assuming successful completion of the reconfirmation offering and the
acquisition, the business of RRUN shall be our sole business.


<PAGE>


                          PART 2 - OTHER INFORMATION


Item 1.     Legal Proceedings

            None

Item 2.     Changes in Securities

            None

Item 3.     Defaults upon Senior Securities

            None

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

            None

Item 5.     Other Information

            None

Item 6.     Exhibits and Reports on Form 8-K

            (a) None
            (b) Reports on Form 8-K  - None


<PAGE>


                                 SIGNATURES


In accordance with the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

UNITED MANAGEMENT, INC.



Date:  February 9, 2001
     ------------------



By: /s/Christine Cerisse
     -----------------------------------------
     CHRISTINE CERISSE, Director and President


<PAGE>