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

                                   FORM 10QSB


[ ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                For the quarter ended March 31, 2002

                                       OR

{ }  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________


                             INVVISION CAPITAL, INC.
                ------------------------------------------------
               (Name of the Small Business Issuer in its charter)


       Nevada                     333-80429                 75-2823489
 ----------------------    ----------------------   ---------------------------
(State of incorporation)  (Commission File Number) (Employer Identification No.)


               2515 Tarpley Road, Suite 100, Carrollton, Texas 75006
               -------------------------------------------------
                    (Address of principal offices) (Zip Code)


Issuer's  telephone number:   (214) 390-0801

Securities registered pursuant to Section 12(b) of the Act:   None

Securities registered pursuant to Section 12(g) of the Act:   Common Stock


Check whether the issuer (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 __x__ No _____

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

As of March 31,  2002  there  were  outstanding  7,871,944  shares of  Invvision
Capital, Inc. common stock, par value $.0001 per share.



<PAGE>

                             INVVISION CAPITAL, INC.
                                TABLE OF CONTENTS

                                                                         Page
                                                                         ----

PART I - Financial Information                                             1

Item 2. Management's Discussion and Analysis                              10


PART II - OTHER INFORMATION                                               11


Item 1. Legal Proceedings

Item 2. Changes in Securities

Item 3. Defaults upon Senior Securities

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

Item 5. Other Information

Item 6. Exhibits and Reports on Form 8-K




SIGNATURE PAGE                                                             12






<PAGE>

            CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS


This document contains forward-looking  statements within the meaning of Section
27A of the Securities  Act and Section 21E of the Exchange Act. All  statements,
other than  statements  of  historical  facts,  included in or  incorporated  by
reference into this Form 10QSB which address activities,  events or developments
which the  Company  expects,  believes or  anticipates  will or may occur in the
future  are  forward-looking   statements.   The  words  "believes,"  "intends,"
"expects,"  "anticipates,"   "projects,"  "estimates,"  "predicts"  and  similar
expressions are also intended to identify forward-looking statements.

These forward-looking  statements include, among others,  statements concerning:
expectations,   anticipations,  beliefs,  estimations,  projections,  and  other
similar matters that are not historical facts, including such matters as: future
capital,  development and exploration expenditures (including the timing, amount
and  nature  thereof),  drilling  and  reworking  of  wells,  reserve  estimates
(including  estimates of future net revenues  associated  with such reserves and
the present  value of such future net  revenues),  future  production of oil and
gas,  repayment  of debt,  business  strategies,  oil and gas prices and demand,
exploitation and exploration prospects,  and other development trends of the oil
and gas industry, and expansion and growth of business operations.

These  statements  are based on certain  assumptions  and  analyses  made by the
management of Invvision Capital,  Inc.  ("Invvision") in light of its experience
and its perception of historical trends,  current conditions and expected future
developments  as well as  other  factors  it  believes  are  appropriate  in the
circumstances.

Invvision cautions the reader that these forward-looking  statements are subject
to risks and  uncertainties,  including  those  associated  with:  the financial
environment,  general economic,  market and business conditions,  the regulatory
environment,  business  opportunities  that may be  presented  to and pursued by
Invvision,  changes in laws or regulations,  availability  to obtain  additional
financing on favorable conditions, trend projections, and other factors, many of
which are beyond the Company's control that could cause actual events or results
to differ  materially from those  expressed or implied by the  statements.  Such
risks and uncertainties include those risks and uncertainties  identified in the
Description of the Business and Management's Discussion and Analysis sections of
this  document and risk  factors  discussed  from time to time in the  Company's
filings with the Securities and Exchange Commission.

Significant factors that could prevent Invvision from achieving its stated goals
include: the inability of Invvision to obtain financing for capital expenditures
and  acquisitions,  declines  in the market  prices  for real  estate or related
development,  and  adverse  changes  in  the  regulatory  environment  affecting
the Company.

The cautionary  statements  contained or referred to in this document  should be
considered in connection  with any  subsequent  written or oral  forward-looking
statements  that may be issued by  Invvision  or persons  acting on its or their
behalf.

Invvision  undertakes  no  obligation  to release  publicly any revisions to any
forward-looking  statements to reflect  events or  circumstances  after the date
hereof or to reflect the occurrence of unanticipated events.




<PAGE>


                          PART I: FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS


                             Turner, Stone & Company
                          Certified Public Accountants
                   A Registered Limited Liability Partnership
                      12700 Park Central Drive, Suite 1610
                                Dallas, TX 75251



                         Independent Accountants' Report


Board of Directors and Stockholders
Invvision Capital, Inc


We have  reviewed  the  accompanying  consolidated  balance  sheets of Invvision
Capital,  Inc. as of March 31, 2002, and the related  consolidated  statement of
operations  and cash flows for the three  months  then  ended.  These  financial
statements are the 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 of 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  consolidated financial statements for them to be in
conformity with generally accepted accounting principles.



/s/ Turner, Stone & Company
---------------------------
Turner, Stone & Company
Certified Public Accountants
June 11, 2002




                                       1

<PAGE>
<TABLE>
<CAPTION>
                                              INVVISION CAPITAL, INC.
                                                 AND SUBSIDIARIES
                                           (A DEVELOPMENT STAGE COMPANY)
                                            CONSOLIDATED BALANCE SHEETS



                                                      Assets
                                                      ------


<S>                                                                    <C>                  <c>

                                                                        March 31, 2002       March 31, 2001
                                                                        --------------       --------------
Current assets:
     Cash                                                                $     4,043         $    20,238
     Receivables and advances                                                 47,091                   -
     Prepaid expenses                                                          8,483                   -
                                                                        --------------       --------------
         Total current assets                                                 59,617              20,238

Property and equipment, at cost, net of
     accumulated depreciation                                                  5,910                   -

Other assets:
     Investment in unimproved real estate                                  3,452,030             400,000
     Investment in available for sale equity
       securities, at fair value                                              39,039                   -
     Option to purchase land                                                       -             264,500
                                                                        --------------       --------------
                                                                        $  3,556,596         $   684,738
                                                                        ==============       ==============

























               The accompanying notes are an integral part of the consolidated financial statements.

                                                         2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                              INVVISION CAPITAL, INC.
                                                 AND SUBSIDIARIES
                                           (A DEVELOPMENT STAGE COMPANY)
                                            CONSOLIDATED BALANCE SHEETS





                                       Liabilities and Stockholders' Equity
                                       ------------------------------------

<S>                                                                    <C>                  <c>

                                                                        March 31, 2002        March 31, 2001
                                                                        --------------        --------------
Current liabilities:
     Accounts payable, trade                                         $       504,752       $       5,408
     Accrued expenses                                                        499,069                 759
     Note payable                                                             50,000                   -
     Current portion of mortgages payable                                     11,770                   -
                                                                        --------------        --------------
         Total current liabilities                                         1,065,591               6,167
                                                                        --------------        --------------
Mortgages payable, net of current portion                                  2,629,230                   -
                                                                        --------------        --------------
Commitments and contingencies                                                      -                   -

Stockholders' equity:
     Preferred stock, $.001 par value, 15,000,000
        shares authorized, no shares issued and outstanding,
        no rights or preferences determined                                        -                   -
     Common stock, $.001 par value, 50,000,000
        shares authorized, 7,871,944 and 3,450,000
        shares issued and outstanding, respectively                            7,872               3,450
     Paid in capital in excess of par                                      3,431,904             711,050
     Common stock warrants                                                   100,000                   -
     Notes receivable, common stock subscribed                     (          29,925)                  -
     Accumulated deficit during the development stage              (       1,735,164)    (        35,929)
     Accumulated other comprehensive loss                          (       1,912,912)                  -
                                                                        --------------        --------------
                                                                             138,225             678,571
                                                                        --------------        --------------
                                                                  $        3,556,596    $        684,738
                                                                        ==============        ==============















               The accompanying notes are an integral part of the consolidated financial statements.

                                                         3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                              INVVISION CAPITAL, INC.
                                                 AND SUBSIDIARIES
                                           (A DEVELOPMENT STAGE COMPANY)
                                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                              AND COMPREHENSIVE LOSS



<S>                                                                    <C>                  <c>

                                                                        March 31, 2002         March 31, 2001
                                                                        --------------         --------------

Revenues                                                                 $    80,980            $         -

Cost of revenues                                                               7,467                      -
                                                                        --------------         --------------
Gross profit                                                                  73,513                      -

Selling and marketing expenses                                                 2,530                      -
General and administrative                                                   189,065                 35,929
                                                                        --------------         --------------
Operating loss                                                          (    118,082)          (     35,929)

Interest expense                                                              22,998                      -
                                                                        --------------         --------------
Loss before income taxes                                                (    141,080)          (     35,929)

Provision for income taxes                                                         -                      -
                                                                        --------------         --------------
Net loss                                                                (    141,080)          (     35,929)

Unrealized loss on decline in value
     of available for sale equity securities                                       -                   -
                                                                        --------------         --------------
Comprehensive loss                                                     $(    141,080)         $(     35,929)
                                                                        ==============         ==============

Loss per share:

     Basic                                                             $(        .02)         $(        .03)
     Diluted                                                           $(        .02)         $(        .03)

















               The accompanying notes are an integral part of the consolidated financial statements.

                                                         4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                              INVVISION CAPITAL, INC.
                                                 AND SUBSIDIARIES
                                           (A DEVELOPMENT STAGE COMPANY)
                                       CONSOLIDATED STATEMENTS OF CASH FLOWS


<S>                                                                  <C>                  <c>

                                                                     March 31, 2002         March 31, 2001
                                                                     --------------         --------------
Cash flows from operating activities:

     Cash received from customers                                    $      393,619         $          -
     Cash paid to employees                                            (     70,065)                   -
     Cash paid to suppliers                                            (     72,891)         (    29,762)
     Interest paid                                                     (     22,998)                   -
                                                                     ---------------        -------------
        Cash provided by (used in) operating activities                     227,665          (    29,762)
                                                                     ---------------        -------------
Cash flows from investing activities:

     Advances made to others                                           (        689)                   -
                                                                     ---------------        -------------
        Cash used in investing activities                              (        689)                   -
                                                                     ---------------        -------------

Cash flows from financing activities:

     Proceeds from issuance of common stock                                      525              50,000
     Repayment of line of credit                                       (     312,639)                  -
     Proceeds from note payable                                               60,000                   -
                                                                     ----------------       -------------
        Cash used in (provided by) financing activities                (     252,114)             50,000
                                                                     ----------------       -------------
Net increase (decrease) in cash                                        (      25,138)             20,238

Cash at beginning of period                                                   29,181                   -
                                                                     ----------------       -------------
Cash at end of period                                                $         4,043        $     20,238
                                                                     ================       =============



















               The accompanying notes are an integral part of the consolidated financial statements.

                                                         5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                              INVVISION CAPITAL, INC.
                                                 AND SUBSIDIARIES
                                           (A DEVELOPMENT STAGE COMPANY)
                                       CONSOLIDATED STATEMENTS OF CASH FLOWS




                                           Reconciliation of Net Loss to
                                            Net Cash Used in Operations
                                            ---------------------------


 <S>                                                              <C>                  <c>
                                                                   March 31, 2002        March 31, 2001
                                                                    --------------        --------------

Net loss                                                            $(     141,080)      $(       35,929)
                                                                    ---------------      ----------------
Adjustment to reconcile net loss to
   net cash used in operations:

     Depreciation                                                   $          656       $             -
     (Increase) decrease in mortgages held for sale                        312,639                     -
     (Increase) decrease in prepaid expenses                         (       1,700)                    -
     Increase (decrease) in accounts payable                                13,851                 6,167
     Increase (decrease) in accrued expenses                                43,299                     -
                                                                    ---------------      ----------------
        Total adjustments                                                  368,745                 6,167
                                                                    ---------------      ----------------
Net cash provided by (used in) operations                           $      227,665       $(       29,762)
                                                                    ===============      ================



























               The accompanying notes are an integral part of the consolidated financial statements.

                                                         6
</TABLE>

<PAGE>

                             INVVISION CAPITAL, INC.
                                AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business and operations

Invvision Capital, Inc. (the Company), formerly Omni Park Pass, Inc. (OMNI), was
incorporated in the state of Nevada on May 27, 1998. OMNI's business  operations
consisted of designing and developing  software for use in the entertainment and
amusement park industries  although no significant  revenues were generated from
this  activity and as a result of recurring  significant  operating  losses,  in
March 2001,  the board of directors  voted to shut down business  operations and
attempt to sell the Company or its assets.

On April 20, 2001,  the Company  merged with Invvision  Capital,  Inc.  (ICI), a
Texas corporation,  by issuing 4,257,393 common stock shares valued at $4,257 in
exchange for all of the  outstanding  common stock of  Invvision  Capital,  Inc.
(ICI).  Immediately  prior to the merger,  OMNI effected  several  capital stock
transactions,  including an 8 to 1 reverse  common  stock  split,  to change its
capital  structure  (Note  2).  On April  23,  2001,  OMNI  changed  its name to
Invvision Capital, Inc.

ICI was  incorporated in the state of Texas on February 15, 2001.  Prior to this
merger  transaction,  ICI  had  no  active  business  operations.   However,  in
connection with its formation,  ICI acquired an unimproved parcel of real estate
and an  assignment  of contract to purchase  another  unimproved  parcel of real
estate (Notes 3 and 7), which it plans to develop.  Additionally, in April 2001,
the  Company  began  conducting   mortgage  banking  activities   involving  the
origination and underwriting of residential mortgage loans.

The merger  transaction was accounted for as a reverse merger using the purchase
method of accounting with ICI acquiring OMNI for financial  reporting  purposes.
As a  result,  the  accompanying  consolidated  financial  statements  have been
restated to present the financial  position and operating  results of ICI as the
acquiring entity. Because OMNI did not have any assets or liabilities and had no
business operations, no portion of the purchase price was allocated to goodwill.
Instead,  the  excess of the  purchase  price  over the fair value of net assets
acquired has been charged against  operations and reflected in the  accompanying
consolidated financial statements as an acquisition cost.

Principles of consolidation

The accompanying  consolidated financial statements include the general accounts
of the Company  and its  subsidiaries  Invvision  Development,  Inc.,  Invvision
Mortgage,  Inc.,  Invvision  Funding,  Inc., INVA#1,  Inc. and INVA#2,  Inc. All
intercompany  transactions,  accounts and balances  have been  eliminated in the
consolidation and there were no material intervening transactions.

Basis of presentation and going concern uncertainty

The accompanying unaudited consolidated condensed financial statements have been
prepared  in  accordance   with  the  accounting   policies   described  in  the
consolidated  financial  statements  and related notes included in the Company's
2001 Form 10-K. It is suggested  that those  consolidated  statements be read in
conjunction with this report. The year-end financial  statements  presented were
derived  from the  Company's  audited  financial  statements.  In the opinion of
management,  the  accompanying  consolidated  financial  statements  reflect all
adjustments  necessary for a fair presentation of the financial  position of the
Company and of its operations.








                                        7
<PAGE>

                             INVVISION CAPITAL, INC.
                                AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


The consolidated financial statements of the Company have been prepared assuming
that the Company will continue as a going concern. However, the Company incurred
an operating loss during the quarter and it has a net working capital deficit of
over $1.0 million.  These  conditions,  among others,  give rise to  substantial
doubt about the Company's ability to continue as a going concern.  Management is
continuing  to seek  additional  equity  capital  to  fund  its  operations  and
management  anticipates revenues to be generated by the end of 2002.  Management
believes  that these  steps will  provide  the Company  with  adequate  funds to
sustain its growth and continued existence. There is, however, no assurance that
the steps taken by management  will meet all of the  Company's  needs or that it
will continue as a going concern.  The consolidated  financial statements do not
include any adjustments that might result from the outcome of this uncertainty.


Management 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  during the  reporting  period.
Actual results could differ from those estimates.

Cash flows

For purposes of the consolidated  statement of cash flows, the Company considers
all highly liquid  investments with original  maturities of three months or less
to be cash equivalents. None of the Company's cash is restricted.

Revenue recognition

Pursuant to Statement of Financial Accounting Standards No. 65, Mortgage Banking
Activities, revenues from the origination and processing of residential mortgage
loans are recognized as income at the time the related loans are sold (Note 10).
Other fees, representing  reimbursements for the costs of specific services, are
recognized as income at the time the services have been performed.

All mortgage loans  originated by the Company are held for sale and are reported
at the  lower  of cost or  market  value.  Direct  loan  origination  costs  are
capitalized as part of the carrying value of the related loan.

Property and equipment

Property  and  equipment  is  stated  at  cost  less  accumulated  depreciation.
Depreciation  of property and equipment is being  provided by the  straight-line
method  over  estimated  useful  lives of three to seven  years.  For the period
January 1, 2002 through March 31, 2002, depreciation expense totaled $656.

Loss per share

Basic loss per share amounts are computed using the  weighted-average  number of
common  stock  shares  outstanding  during the  periods.  Diluted loss per share
amounts  are  computed  using the  weighted-average  number of common and common
equivalent shares outstanding  during the periods.  For the periods ending March
31, 2002 and 2001, basic loss per share amounts are computed using 7,871,424 and
1,316,000   weighted   average   number  of  common  stock  shares   outstanding
respectively.  No effect has been given to the assumed  exercise of  outstanding
stock options because the effect would be antidilutive.






                                        8

<PAGE>

                             INVVISION CAPITAL, INC.
                                AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



2.       COMMITMENTS AND CONTINGENCIES

Legal matters

The Company is subject to legal proceedings that arise in the ordinary course of
business. As of this date, the Company is not a party to any lawsuits, either as
plaintiff  or as  defendant.  Management  is not aware of any matters that could
result in a lawsuit or other legal contingencies.

Environmental matters

During the period ended  December 31,  2001,  the Company  acquired a 19.64 acre
tract of land (Note 3) that was formerly a landfill for the city of  Carrollton,
Texas.  There is  currently  an  environmental  study in  progress  by the Texas
Natural  Resource  Conservation  Commission  (TNRCC) to determine  the extent of
contamination  and the costs  associated with the clean up. As of this date, the
extent  of  contamination  has  not  been  defined.  Management  believes  it is
reasonably  possible  that some  contamination  will  exist and that the cost of
clean up to the  Company  could  approach  $500,000  on an  undiscounted  basis.
However,  it is reasonably  possible that this estimated loss contingency  could
change as the  environmental  study is completed,  currently  estimated to occur
sometime by the end of July 2002. A loss accrual for clean up costs has not been
provided for in the accompanying consolidated financial statements.



3.       SEGMENT INFORMATION

The Company's operating segments consist of its mortgage banking activities, its
real estate  development  activities and its general  corporate  capital funding
activities,   each  of  which  are   conducted   through   separate   subsidiary
corporations.  The general corporate capital funding activities consist of those
activities  related to raising  additional  equity capital and/or debt financing
needed to provide for the  continued  development  and operation of its mortgage
banking  activities and its real estate  development  activities.  There were no
transactions between operating segments.



4.       SUBSEQUENT EVENT

On April 24, 2002,  the maturity  dates for the mortgages  payable (Note 5) were
extended to April 30, 2003. In exchange for the extension, the Company will make
monthly  principal and interest payments of $3,000 beginning June 1, 2002 on the
$200,000 mortgage. In addition, the Company agreed to a $12,000 extension fee on
the  $1,580,000  mortgage,  payable  in twelve  monthly  installments  of $1,000
beginning  May 1, 2002.  The RGL mortgage was  extended  without any  additional
consideration or changes in terms.

The Company is in the process of disposing of the mortgage operating segment and
anticipates completion before the end of June 2002.












                                        9

<PAGE>
ITEM 2. MANANGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
     OF OPERATIONS


Results of Operations
---------------------

During  the  first  quarter  of 2002 the  Company  began  implementation  of the
decision by the  management  and board of directors to shift the company's  core
focus to that of economic  development with federally recognized American Indian
Tribes.  Pursuant  to this  plan and based  upon  management's  conclusion  that
financially and operationally,  the mortgage  origination and brokerage business
were inconsistent  with this plan, the Company ceased these operation.  On April
10th of this  year some of the  assets  of the  wholly  owned  mortgage  banking
subsidiary  including the mortgage pipeline were sold to the CFO of the mortgage
company,  Malcolm  McAlpine.  The Company is currently  negotiating with a third
party buyer to acquire the now dormant mortgage company  including  licenses and
other remaining assets  including  equipment and tax losses.  Invvision  Capital
expects this sale to be completed by the end of the second quarter.

In addition to the activities  which took place during the last half of the last
fiscal year toward this new core focus, the company continued during the quarter
to negotiate with several  American  Indian Tribes  pursuing the  development of
numerous projects including energy development, fuel distribution, fuel stations
and convenience stores,  environmental  remediation projects, tribal housing and
financial investments.

The  companies  disciplines  applied to  American  Indian  Development  projects
include  project   feasibility   analysis,   project   development,   operations
management,  capital sourcing,  marketing and planning strategies, and financial
modeling and control.  It is anticipated  that the company will begin to realize
revenues in these areas by the 3rd quarter of 2002.

The Three Month Period  Ended March 31, 2002  Compared to the Three Month Period
Ended March 31, 2001.

During  the Three  Month  Period  Ended  March  31,  2002 the  Company  reported
revenues,  of $80,980,  up from no income for the same period the previous year.
Operational  Losses for the quarter were $141,080 versus $35,929 for the Quarter
ended March 31, 2001 based  significantly  on an increase in operating  expenses
from $35,929 to $189,065 for these  periods  respectively.  Total Losses for the
Three  Month  Period  Ended  March  31,  2002  were  $141,080.   There  were  no
extraordinary charges for the Quarter Ended March 31, 2002.  Significant changes
in operating results were due to the closing of the mortgage banking subsidiary.


Liquidity and Commitment for Capital Expenditures
-------------------------------------------------

In March of this year Invvision  Capital  borrowed $60,000 from a private lender
secured by a 2.25 acre of  property  located in  Grapevine,  Texas  owned by the
company.  The net proceeds of this loan were used in the  operation and overhead
of the Company.

The company is currently pursuing additional capital of up to $2,000,000 through
the sale of the companies stock and the issuance of company  warrants.  Although
there  is  no  assurance  that  additional   financing  to  meet  the  Companies
obligations will be forthcoming, the Company expects that this financing will be
completed by the 3rd quarter of 2002 and that  additional  funds my be available
from  the sale of  remaining  mortgage  banking  assets  sufficient  to meet the
Company's needs until it receives revenues from operations.




                                       10

<PAGE>
                           PART II - OTHER INFORMATION


ITEM 1.       LEGAL PROCEEDINGS

         None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

         None.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.


ITEM 4. SUMMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     The Company has not  submitted any matters to the  shareholders  for a vote
during this reporting period.


ITEM 5. OTHER INFORMATION

         None.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8K

         None








                                       11

<PAGE>
                                  SIGNATURE

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.




   Dated:  June 12, 2002                        INVVISION CAPITAL, INC.


                                                By:  /s/  John Edward Rea
                                                ----------------------------
                                                Mr. John Edward Rea, President














                                       12
<PAGE>