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 December 31, 2000

     [   ]     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)

                         (952) 541-1155
                   (Issuer's telephone number)

                         Not Applicable
  (Former name, address and 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 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:
January 31, 2001: 1,497,085

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

<PAGE>

                   Future Technologies, Inc.

      Form 10-QSB for the Quarter ended December 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>
                 PART I.  FINANCIAL INFORMATION
                  Item 1. Financial Statements

                       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

Accountant's Review Report

Board of Directors and Shareholders
Future Technologies, Inc.

We have reviewed the accompanying balance sheets of Future
Technologies, Inc. (a Minnesota corporation) as of June 30, 2000
and 1999 and the accompanying statements of operations and
comprehensive income and cash flows for the three months ended
December 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
January 31, 2001

              Use our past to assist your future sm
(secure mailing address)           (overnight delivery/shipping address)
P. O. Box 820395                    9002 Green Oaks Circle, 2nd Floor
Dallas, Texas  75382-0395           Dallas, Texas 75243-7212
214-342-9635 (voice)                (fax) 214-342-9601
800-244-0639                         SWHCPA@aol.com

                                3
<PAGE>


                    Future Technologies, Inc.
                         Balance Sheets
                   December 31, 2000 and 1999

                           (Unaudited)

                                                        2000      1999
ASSETS
Current Assets
 Cash on hand and in bank                            $   1,279  $    255

Total Assets                                         $   1,279  $    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.
   1,497,085 and 1,348,089 shares
   issued and outstanding, respectively                 14,971    13,481
 Additional paid-in capital                             56,740    49,405
Deficit accumulated during the development stage       (70,432)  (63,131)
   Total shareholders' equity                            1,279      (245)

Total Liabilities and Shareholders' Equity           $   1,279  $    255

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

                                4
<PAGE>

                    Future Technologies, Inc.
        Statements of Operations and Comprehensive Income
          Three months ended December 31, 2000 and 1999

                           (Unaudited)

                                              Three months  Three months
                                                 ended         ended
                                              December 31,   December 31,
                                                  2000         1999

Revenues                                       $         - $         -

Expenses
 General and administrative                           (680)        355

   Total expenses                                     (680)        355

Loss before Income Taxes                               680        (355)

Provision for Income Taxes                               -           -

Net Income (Loss)                                      680        (355)

Other comprehensive income                               -           -

Comprehensive Income (Loss)                    $       680 $      (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                     1,497,085   1,348,089

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

                                5
<PAGE>

                    Future Technologies, Inc.
                    Statements of Cash Flows
          Three months ended December 31, 2000 and 1999

                           (Unaudited)

                                                      Three months  Three months
                                                          ended        ended
                                                       December 31, December 31,
                                                            2000         1999
Cash Flows from Operating Activities
 Net Income (Loss)                                       $     680  $   (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            680    (1,255)


Cash Flows from Investing Activities                             -         -


Cash Flows from Financing Activities
 Advance from shareholder                                        -       500

Net cash provided by financing activities                        -       500

Increase (Decrease) in Cash and Cash Equivalents               680      (755)

Cash and cash equivalents at beginning of period               599     1,010

Cash and cash equivalents at end of period                $  1,279   $   255

Supplemental Disclosures of Interest and Income Taxes Paid

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

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

                                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, 2001.

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 December 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 December 31, 2000 and 1999, the Company has no
 outstanding warrants and options issued and outstanding.

       (Remainder of this page left blank intentionally)


                                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

   None

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

   On  or  about  January 29, 2001, the Company  announced  that  it
   entered  into a Letter of Intent with respect to the  acquisition
   of   SE   Global   Equities  Company,  Ltd.,  a   Cayman   Island
   corporation.   The Letter of Intent is non-binding,  and  closing
   of   the   proposed  transaction  is  subject  to  a  number   of
   conditions.   SE  Global is a financial services Internet  portal
   which   allows   investors  access  to  international   financial
   institutions and information on international financial markets.

Item 6 - Exhibits and Reports on Form 8-K

   Exhibits - None
   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.



January 31, 2001                     /s/ Craig Laughlin.
                                 President, Director and
                                Chief Accounting Officer


                               10
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