UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB
(Mark One)
|X|   Quarterly report under Section 13 or 15(d) of The Securities Exchange Act
      Of 1934

                For the quarterly period ended September 30, 2003

|_|   Transition report under Section 13 or 15(d) of The Securities Exchange Act
      Of 1934

                For the transition period from _______ to _______

                         Commission file number 0-22315

                    DIGITAL CREATIVE DEVELOPMENT CORPORATION
        (Exact Name of Small Business Issuer as Specified in Its Charter)

                Utah                                     34-1413104
   -------------------------------                   ------------------
   (State or other jurisdiction of                   (I.R.S. Employer
    Incorporation or organization)                   Identification No)


                   720 Fifth Avenue, New York, New York, 10019
                  ---------------------------------------------
                    (Address of principal executive offices)

                                 (212) 247-0581
                 -----------------------------------------------
                (Issuer's telephone number, including area code)

Indicate by check mark whether the registrant (1) has 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 registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes |_|   No |X|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) Yes |_|   No |X|

As of March 6, 2006, 51,689,165 shares of Common Stock, $.01 par value, were
outstanding.

Transitional Small Business Disclosure Format (Check one): Yes |_|   No |X|


<PAGE>


             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
                         FOR THE QUARTERLY PERIOD ENDED
                               SEPTEMBER 30, 2003


                                      INDEX


                                                                            Page
Part I - FINANCIAL INFORMATION

Item 1. INTERIM FINANCIAL STATEMENTS                                           3

        Consolidated Balance Sheets as of September 30, 2003
        (Unaudited) and June 30, 2003                                          4

        Consolidated (Unaudited) Statements of Operations
        and Comprehensive Income for the three month periods
        ended September 30, 2003 and 2002                                      5

        Consolidated (Unaudited) Statement of Stockholders'
        Equity for the three month period ended September
        30, 2003                                                               6

        Consolidated Statements of Cash Flow for the three
        month periods ended September 30, 2003 and 2002                        7

        Notes to Interim Financial Statements                                  8

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND
        PLAN OF OPERATION                                                     12

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
        MARKET RISK                                                           14

Item 4. CONTROLS AND PROCEDURES                                               14

Part II - OTHER INFORMATION

Item 6. EXHIBITS AND REPORTS ON FORM 8-K                                      15

        Signatures.                                                           16


Certifications


                                        2
<PAGE>

               Part I - FINANCIAL INFORMATION
               ------------------------------

Item 1.

INTERIM FINANCIAL STATEMENTS

             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                     ASSETS

                                                                                  September 30,      June 30,
                                                                                       2003            2003
                                                                                          (in thousands)
                                                                                  -----------------------------
                                                                                   (Unaudited)      (Audited)
<S>                                                                               <C>              <C>
CURRENT ASSETS
    Cash and cash equivalents                                                     $         10.6   $       1.0
    Marketable securities                                                                1,830.4       1,072.6
                                                                                  ---------------  ------------
             TOTAL CURRENT ASSETS                                                        1,841.0       1,073.6
             .
OTHER ASSETS
    Marketable and non-marketable securities and advances  net of allowance
    of $ 3,560,000 in both years                                                         7,846.6       4,391.9

                                                                                  ---------------  ------------
TOTAL ASSETS                                                                      $      9,687.6   $   5,465.5
                                                                                  ===============  ============


                      LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES
    Accounts payable,accrued expenses and other liabilities                       $        252.2   $     227.7
    Due to former employees                                                                175.0         175.0
                                                                                  ---------------  ------------
             TOTAL CURRENT LIABILITIES                                                     427.2         402.7

LONG TERM DEBT--RELATED PARTIES, NET OF CURRENT MATURITIES                                 707.3         335.4
                                                                                  ---------------  ------------

             TOTAL  LIABILITIES                                                          1,134.5         738.1
                                                                                  ---------------  ------------

STOCKHOLDERS' EQUITY
    Preferred Stock 2,000,000 Shares Authorized
      Series A Convertible, Par Value $ 1 ;2,200 Shares Issued and
         Outstanding; Involuntary Liquidation Preference of $ 1 Per Share
         Plus Accrued and Unpaid Dividends                                                   2.2           2.2
      Series C, Par Value $ 100 ;9,900 Shares Issued and
         Outstanding; Involuntary Liquidation Preference of $ 100 Per Share
         Plus Accrued and Unpaid Dividends                                                 852.7         852.7
      Series D, Par Value $ 100 ;4,000 Shares Issued and
         Outstanding; Involuntary Liquidation Preference of $ 100 Per Share
         Plus Accrued and Unpaid Dividends                                                 400.0         400.0
    Common Stock, Par Value $ .01; Authorized 75,000,000 Shares; Issued
         and Outstanding:51,649,165 Shares at September 30,2003
         and 47,649,165 Shares at June 30,2003                                             516.5         476.5
    Additional paid in capital                                                          37,916.9      37,916.9
    Unrealized gains or  losses                                                          5,841.5       1,929.0
    Accumulated deficit                                                                (36,976.7)    (36,849.9)

                                                                                  -----------------------------
             TOTAL STOCKHOLDERS' EQUITY                                                  8,553.1       4,727.4
                                                                                  -----------------------------

TOTAL LIABILITIES AND  STOCKHOLDERS' EQUITY                                       $      9,687.6   $   5,465.5
                                                                                  =============================
</TABLE>

          See accompanying Notes to Consolidated Financial Statements


                                        3
<PAGE>

             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
         CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
                                   (unaudited)


                                                    For the Three Months Ended
                                                           September 30,
                                                         2003        2002
                                                    ---------------------------
                                                          (in thousands)
TOTAL REVENUE
          Dividend and interest income, and other   $          0.3  $      10.2
                                                    ---------------------------
                                                               0.3         10.2
                                                    ---------------------------
OPERATING EXPENSES
          General and administrative expenses                 68.2        125.3

                                                    ---------------------------
LOSS FROM OPERATIONS                                         (67.9)      (115.1)
                                                    ---------------------------

OTHER INCOME (EXPENSE)
          Interest expense, net and other                    (58.9)       (15.6)


                                                    ---------------------------
                  TOTAL OTHER INCOME (EXPENSES)              (58.9)       (15.6)
                                                    ---------------------------

NET LOSS                                            $       (126.8) $    (130.7)

UNDECLARED PREFERRED STOCK DIVIDENDS                         (36.4)       (36.4)

                                                    ---------------------------
NET LOSS AVAILABLE FOR COMMON SHAREHOLDERS          $       (163.2) $    (167.1)
                                                    ===========================

WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES FOR
          BASIC AND DILUTED EARNINGS PER SHARE            49,775.6     44,399.2
                                                    ===========================

BASIC AND DILUTED LOSS PER SHARE                    $       (0.002) $    (0.002)
                                                    ===========================

NET LOSS                                            $       (126.8) $    (130.7)

Other comprehensive operations
          Gain (Loss) on marketable securities             3,912.5       (454.7)

                                                    ---------------------------
Comprehensive net income (loss)                     $      3,785.7  $    (585.4)
                                                    ===========================


           See accompanying Notes to Consolidated Financial Statements

                                        4
<PAGE>


             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                  FOR THE THREE MONTHS ENDED SEPTEMBER 30,2003
                                   (Unaudited)
                                 (in thousands)
                                 --------------


<TABLE>
<CAPTION>
                                                                                        Accumulated
                                      Preferred Stock                     Additional       Other
                               ------------------------------   Common     Paid-in     Comprehensive     Accumulated
                               Series A  Series B   Series D    Stock      Capital       Operations        Deficit       Total
                               --------  --------  ----------   ------    ----------   -------------     -----------   ---------
<S>                            <C>       <C>       <C>          <C>       <C>          <C>               <C>           <C>


Balance at June 30,2003           $ 2.2    $852.7      $400.0   $476.5    $ 37,916.9   $     1,929.0     $ (36,849.9)  $ 4,727.4


    Issuance of common stock
      and warrants                                                40.0            --                                        40.0


    Unrealized gain on
      investments                                                                            3,912.5                     3,912.5


    Net loss                                                                                                  (126.8)     (126.8)


                               ---------------------------------------------------------------------------------------------------
Balance at September 30,2003      $ 2.2    $852.7      $400.0   $516.5    $ 37,916.9       $ 5,841.5     $ (36,976.7)  $ 8,553.1
                               ===================================================================================================
</TABLE>


                                        5
<PAGE>

             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                           For the Three Months Ended
                                                                                                 September 30,
                                                                                             2003             2002
                                                                                      ----------------------------------
                                                                                                (in thousands)
<S>                                                                                    <C>                    <C>

LOSS FROM CONTINUING OPERATIONS                                                        $          (126.8)     $  (130.7)

             Adjustments to reconcile net gain (loss) to net
                  cash provided by operating activities:
                        Amortization of debt discount                                               24.3
                        Noncash payment for services                                                  --           45.3
                        Decrease in accounts and notes receivable                                                 102.7
                        Increase (decrease) in accrued expenses                                     24.5           46.9

                                                                                      ----------------------------------
             Net cash (used in) provided by operating activities                                   (78.0)          64.2
                                                                                      ----------------------------------


INVESTING ACTIVITIES                                                                                                 --
             Purchase of investments                                                              (300.0)
                                                                                      ----------------------------------
             Net cash used in investing activities                                                (300.0)            --
                                                                                      ----------------------------------

FINANCING ACTIVITIES
             Proceeds from issuance of common stock                                                 40.0             --
             Issuance or increase of long term debt                                                350.0             --
             Payments of amounts due to former executive                                              --          (41.2)
             Payments of long term debt                                                             (2.4)         (18.0)

                                                                                      ----------------------------------
             Net cash (used in) provided by financing activities                                   387.6          (59.2)
                                                                                      ----------------------------------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS FROM
             CONTINUING OPERATIONS                                                     $             9.6      $     5.0

CASH AND EQUIVALENTS,beginning of period                                                             1.0             --

                                                                                      ----------------------------------
CASH AND EQUIVALENTS,end of period                                                     $            10.6      $     5.0
                                                                                      ==================================
</TABLE>

           See accompanying Notes to Consolidated Financial Statements


                                        6
<PAGE>





             DIGITAL CREATIVE DEVELOPMENT CORPORATION AND SUBSIDIARY
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2003
                                   (Unaudited)



NOTE 1- BASIS OF PRESENTATION

The consolidated financial statements include the accounts of Digital Creative
Development Corporation and its wholly owned subsidiary (collectively, the
"Company").

The accompanying condensed consolidated financial statements are unaudited and
have been prepared by the Company in accordance with the rules and regulations
of the Securities and Exchange Commission relating to interim financial
statements. These condensed financial statements do not include all disclosures
provided in the Company's annual financial statements. The condensed financial
statements should be read in conjunction with the financial statements and notes
thereto for the year ended June 30, 2003 contained in the Company's Form 10-KSB
filed with the Securities and Exchange Commission. All adjustments of a normal
recurring nature, which, in the opinion of management, are necessary to present
a fair statement of results for the periods have been made. Results of
operations are not necessarily indicative of the results to be expected for the
full year.

NOTE 2- PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of Digital Creative
Development Corporation and its wholly owned subsidiary, (collectively the
"Company"). The wholly owned subsidiary at June 30, 2003 and September 30, 2003
is Digital Creative Development Company (Delaware). The Company currently has no
active business. However, the Company is involved in acquiring and investing in
software and high technology companies, with a focus on acquiring controlling
interests and has entered into the software technology industry through its
investment in International Microcomputer Software, Inc. ("IMSI"). IMSI is a
leading provider of stock house plans over the Internet with the largest
selection of plans for consumers and builders. IMSI also sells a variety of
related content and services over the Internet. In addition, IMSI is a developer
and publisher of software solutions which is marketed and sold to individuals
and small business users through an array of distribution channels.


                                       7
<PAGE>


NOTE 3-INVESTMENTS IN MARKETABLE SECURITIES AND NONMARKETABLE SECURITIES

The Company had investments and advances in certain marketable and
non-marketable debt and equity securities at September 30, 2003 and June 30,
2003 as follows:

                                             September 30,
                                                 2003       June 30, 2003
                                             -------------  -------------

Marketable Securities-current:
   IMSI                                      $     679,200  $     679,200
   Thinking Tools, Inc.                            300,000        300,000
                                             -------------  -------------
                                                   979,200        979,200
Unrealized gain on marketable securities           851,200         93,400
                                             -------------  -------------
Total                                        $   1,830,400  $   1,072,600
                                             =============  =============

Marketable Securities - non-current:
   IMSI                                      $   2,800,900  $   2,800,900
   Access Propeller Holdings Inc.                  300,000        300,000
                                             -------------  -------------
                                                 3,100,900      3,100,900
Unrealized gain on marketable securities         4,745,700      1,591,000
                                             -------------  -------------
Total                                        $   7,846,600  $   4,691,900
                                             =============  =============



The table above excludes $ 3,560,000 of investments formally written off in June
2005; these investments had previously been fully reserved as the result of the
recording of an impairment loss because the Company had concluded that
recoverability of its investments in such entities was unlikely and improbable
based upon its review of the current financial status of each entity. The shares
of IMSI owned by the Company are "restricted securities" as defined in Rule 144
under the Securities Act of 1933. Under Rule 144, the Company can publicly sell,
within any three month period, a number of shares not to exceed one percent of
IMSI's then outstanding shares of common stock. The maximum amount of IMSI stock
that can be sold by the Company is the greater of 1% of the outstanding shares
of IMSI or the average weekly trading volume of IMSI's stock for the four weeks
preceding the Company's filing of a notice of sale with the SEC. Since these
shares are restricted, the shares, which can be sold within one year, are shown
as a current asset and the balance of the shares are shown in other assets on
the balance sheet. A total of 400,000 shares of IMSI stock secures the Company's
15% $350,000 Promissory Note which IMSI sold to Multi Mag Corporation in January
2005 and subsequently reduced to $325,000 and 747,869 shares of IMSI stock
secure the $345,000 note to various investors.

On September 18, 2003 the company extended a $300,000 bridge loan to Access
Propeller, LLC. This loan is secured by all of the assets of Access. On October
31, 2003 the Company converted its loan to 304,250 shares of Preferred Series A
stock.


                                       8
<PAGE>

NOTE 4- ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accrued expenses consist basically of accrued legal and other professional fees
and general administrative expenses of the Company.

NOTE 5- NOTES PAYABLE - RELATED PARTIES

At September 30, 2003 and June 30, 2003, the Company's long term debt consisted
of the following:

<TABLE>
<CAPTION>
                                                                         September 30,     June 30,
                                                                              2003           2003
                                                                         -------------  -------------
<S>                                                                      <C>            <C>

Secured Promissory Note with Interest at 15%                             $     350,000  $          --
$345,000 Secured Promissory Notes with Interest at 10%, net of discount        256,200        231,900
Notes payable to certain former executives                                     101,100        103,500
Debt due to former employees in conjunction with settlement agreement          175,000        175,000
                                                                         -------------  -------------

                                                                               882,300        510,400
Less: Current portion                                                          175,000        175,000
                                                                         -------------  -------------
Long-term portion                                                        $     707,300  $     335,400
                                                                         =============  =============
</TABLE>


The Company is currently in default on the $175,000 Notes related to the
CineBlast settlement. That settlement included a formula whereby the total
obligation due the principals of CineBlast was reduced by $21,400 to $153,600.
Subsequent cash payments reduced this obligation to its current amount of
$103,350. On February 21, 2006 the principals of CineBlast filed a legal action
seeking payment of the outstanding balances ($103,350) owed to them, plus the
amount of the debt reduced by formula ($21,400), and legal fees. The Company is
defending the action and is seeking to settle this action on terms satisfactory
to the Company but there can be no assurance that the Company will negotiate a
satisfactory resolution.

On September 18, 2003, the Company entered into a 15% one-year note with IMSI
whereby the company borrowed $350,000. On January 5, 2005, IMSI sold and
assigned the $350,000 note to Multi-Mag Corporation ("Multi-Mag"). On December
14, 2005, the Secured Promissory Note payable to Multi-Mag was extended to May
31, 2006 upon the payment of accrued interest from June 18, 2005 through
December 23, 2005 in the amount of $22,600.

With regard to the $345,000 Secured Promissory Notes with Interest at 10%, all
but three of the noteholders have extended their notes from December 31, 2005 to
May 31, 2006.


                                       9
<PAGE>

NOTE 6- COMMITMENTS AND CONTINGENCIES

The Company is involved in various claims and legal actions arising in the
ordinary course of business. In the opinion of management, the ultimate
disposition of these matters will not have a material adverse effect on the
Company's consolidated results of operations or financial position.

NOTE 7- SUBSEQUENT EVENTS

On September 30, 2004, the Company sold 200,000 shares of IMSI for gross
proceeds of $200,000. The Company used $77,500 of this amount to pay certain
indebtedness owed IMSI in the form of accrued interest and a reduction of
principal On May 25, 2005, the Company sold 250,000 shares of IMSI for gross
proceeds of approximately $277,000. The Company used approximately $39,000_of
this amount to pay accrued interest and the remainder for general working
capital purposes. The Company has sold 100,000 shares of IMSI since June 30,
2005 and has used the proceeds of approximately $ 108,265 for general working
capital purposes.

In June 2005, the Company awarded to each of its current directors, Gary Herman
and Skuli Thorvaldsson, as well as to a former director and significant
shareholder, Bruce Galloway, options to purchase 1,250,000 shares of common
stock at an exercise price of $.01 per share and expiring in June 2015. These
options, awarded for services rendered in connection with the restructuring of
the Company in fiscal year 2002, were valued at approximately $290,000 and
charged to earnings in the fiscal year ended June 30, 2005. The Company's Board
of Directors has approved additional compensation for services rendered to the
Company by Messrs. Herman and Thorvaldsson subject to receipt of a fairness
opinion from an independent advisory firm.

On December 16, 2005, International Microcomputer Software, Inc. ("IMSI") filed
a Form S-4 with the Securities & Exchange Commission for the proposed merger
with AccessMedia Networks, Inc. On December 14, 2005 the board of the Company
approved the execution of a Voting Agreement and Irrevocable Proxy in support of
the transaction. Based on the proposed transaction, the Company's ownership
stake in IMSI will be reduced from approximately 25% to 13% as a result of the
issuance of shares of common stock of IMSI to the shareholders of AccessMedia
Networks. If IMSI achieves certain performance milestones, the Company's
ownership stake will be further reduced


                                       10
<PAGE>

ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Statements contained in this Quarterly Report on Form 10-QSB, other than the
historical financial information, constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. All such
forward-looking statements involve known and unknown risks, uncertainties or
other factors which may cause actual results, performance or achievement of the
Company to be materially different from any future results, performance or
achievement expressed or implied by such forward-looking statements. Factors
that might cause such a difference include, but are not limited to, risks and
uncertainties related to the substantial capital requirements, development of
effective internal processes and systems, the ability to attract and retain high
quality employees, changing overall economy and other risks described herein and
in the Company's June 30, 2003 Annual Report on Form 10-KSB.

PLAN OF OPERATION

Digital Creative Development Corporation (the "Company") is principally involved
in acquiring and investing in software and high technology companies, with a
focus on acquiring controlling interests. At present, the Company does not have
an operating business except for its interest in International Microcomputer
Software Inc. ("IMSI") (OTCBB- IMSI). The Company has since begun to search for
candidates with which to enter into business combinations or strategic
transactions.

The Company intends to locate and enter into a transaction with an existing,
public or privately-held company that in management's view, has growth potential
(a "Target Business"). A transaction with a Target Business may be structured as
a merger, consolidation, exchange of the Company's common stock for stock or
assets of the Target Business or any other form which will result in the
combined enterprise remaining a publicly-held corporation.

Acquisitions or business combinations may not be available at the times or on
terms acceptable to the Company, or at all. In addition, acquiring, or combining
with, a business involves many risks, including:

        o       unforeseen obligations or liabilities;
        o       difficulty assimilating the acquired operations and personnel;
        o       risks of entering markets in which we have little or no direct
                prior experience;
        o       potential impairment of relationships with employees or
                customers as a result of changes in management; and
        o       Potential dilutive issuances of equity, large and immediate
                write-offs, the incurrence of debt, and amortization of goodwill
                or other intangible assets.


                                       11
<PAGE>


The Company cannot make assurances that we will make any acquisitions or
business combinations or that we will be able to obtain additional financing for
such acquisitions or combinations, if necessary. If any acquisitions or
combinations are made, we cannot make assurances that we will be able to
successfully integrate the acquired or combined business into our operations or
that the acquired or combined business will perform as expected.

Furthermore, Federal and state tax laws and regulations have a significant
impact upon the structuring of transactions. Management will evaluate the
possible tax consequences of any prospective transaction and will endeavor to
structure a transaction so as to achieve the most favorable tax treatment. There
can be no assurance that the Internal Revenue Service or relevant state tax
authorities will ultimately assent to our tax treatment of a particular
consummated transaction. To the extent the Internal Revenue Service or any
relevant state tax authorities ultimately prevail in recharacterizing the tax
treatment of a transaction, there may be adverse tax consequences to us, a
target business and their respective stockholders. Tax considerations as well as
other relevant factors will be evaluated in determining the precise structure of
a particular transaction, which could be effected through various forms of a
merger, consolidation or stock or asset acquisition.

Pending negotiation and consummation of a transaction, the Company anticipates
that it will have, aside from carrying on its search for a transaction partner,
no business activities, and, thus, no source of revenue. Should the Company
incur any significant liabilities prior to a combination with a Target Business,
it may not be able to satisfy, without additional financing, such liabilities as
are incurred.


RESULTS OF OPERATIONS

Three Month Period Ended September 30, 2003 Compared To The Three Month Period
Ended September 30, 2002.

Net loss for the 2003 three month period ($126,800) approximated the net loss
for the comparable 2002 period ($130,700) as lower general and administrative
expenses were offset by higher interest costs due principally to new borrowings
and higher debt amortization costs. General and administrative expenses
decreased to $68,200 in the current period from $125,300 due to lower outside
legal and consulting services. Interest and other expenses totaled $58,900 in
the 2003 period compared with $15,600 for the comparable 2002 period.

LIQUIDITY AND CAPITAL RESOURCES

The Company's current assets exceeded its current liabilities by $1.4 million at
September 30, 2003, compared to current assets exceeding its current liabilities
by $600,000 at June 30, 2003, principally due to the increased market value of
the Company's marketable securities. Marketable securities had a market value of
$1.8 million and $1.1 million at September 30, 2003 and June 30, 2003,
respectively.


                                       12
<PAGE>

Since the Company is inactive, except for its interest in IMSI, and it is not
contemplated that IMSI will declare and pay dividends on its common stock, the
Company depends upon sales of its shares of IMSI common stock (which are quoted
on the OTCBB) in order to meet its expenses, unless the Company could obtain
fund from third parties, of which there can be no assurance. The Company has
sold 100,000 shares of IMSI since June 30, 2005 and has used the proceeds of
approximately $108,265 for general working capital purposes.

The amount of proceeds available to the Company from the sale of shares of IMSI
depends upon the market for IMSI shares, which is subject to volatility in price
and market volume.

The proceeds of any such sales are anticipated to be principally used by the
Company for general working capital purposes.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company's equity investments are concentrated in relatively few investees,
principally International Microcomputer Software, Inc. ("IMSI"). At September
30, 2003, almost 100% of the total fair value of equity investments was
concentrated in IMSI.

The Company's present preferred strategy is to hold equity investments for
trading purposes and for long-term strategic purposes. Thus, the Company's
management is not necessarily troubled by short term equity price volatility
with respect to its investments provided that the underlying business, economic
and management characteristics of the investees remain favorable.

The carrying values of investments subject to equity price risks are based on
quoted market prices or management's estimates of fair value as of the balance
sheet dates. Market prices are subject to fluctuation and, consequently, the
amount realized in the subsequent sale of an investment may significantly differ
from the reported market value. Fluctuation in the market price of a security
may result from perceived changes in the underlying economic characteristics of
the investee, the relative price of alternative investments and general market
conditions. Furthermore, amounts realized in the sale of a particular security
may be affected by the relative quantity of the security being sold.

Insofar as the Company's liabilities are concerned, all loans to the Company
have been made with fixed interest rates, and, accordingly, the market risk to
the Company prior to the maturity of those instruments is minimal.

ITEM 4.  CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company's chief executive officer in conjunction with the chief financial
officer, after evaluating the effectiveness of the Company's "disclosure
controls and procedures" (as defined in Rule 13a-15(e) under the Securities
Exchange Act of 1934, as amended) as of a date (the "Evaluation Date") within 90
days before the filing date of this quarterly report, has concluded that the
Company's disclosure controls and procedures are effective in ensuring that
material information required to be disclosed is included in the reports that it
files with the Securities and Exchange Commission.


                                       13
<PAGE>


Changes in Internal Controls

There were no significant changes in the Company's internal controls or, to the
knowledge of the management of the Company, in other factors that could
significantly affect those controls subsequent to the Evaluation Date.

    PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.

         The Company is, from time to time, the subject of litigation, claims
and assessments arising out of matters occurring during the normal operation of
the Company's business. In the opinion of management, the liability, if any,
under such current litigation, claims and assessments, that are material, have
been properly accrued.

Item 2.  Unregistered Sales of Equity Securities and Uses of Proceeds.

         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)     Exhibits: None.

                31      Certification pursuant to Rule 13a-14(a) of the Exchange
                        Act

                32      Certification pursuant to Rule 13a-14(b) of the Exchange
                        Act and 18 U.S.C. Section 1350, as Adopted Pursuant to
                        Section 906 of the Sarbanes-Oxley Act of 2002

        (b)     Reports on Form 8-K

                None


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<PAGE>

                                   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.

                                  DIGITAL CREATIVE DIGITAL CORPORATION

Dated:  March ,7  , 2006
                                  By: Gary Herman
                                  Name:  Gary Herman
                                  Title:  Chief Executive Officer and President

                                  By: Skuli Thorvaldsson
                                  Name:  Skuli Thorvaldsson
                                  Title:  Chief Financial Officer


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