<PAGE>

                                   FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


(Mark One)

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

For the quarterly period ended September 30, 2001
                               ------------------

OR

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


For the transition period from ......................to........................


Commission file number 000-26653
                       ---------


                        BAYNON INTERNATIONAL CORPORATION
                        --------------------------------
             (Exact name of registrant as specified in its charter)


                 Nevada                                 88-0285718
                 ------                                 ----------
     (State or other jurisdiction of       (I.R.S. Employer Identification No.)
     incorporation or organization)


           266 Cedar Street,                               07009
         Cedar Grove, New Jersey
     (Address of principal executive                    (Zip Code)
                offices)


             (973) 239-2952
  (Registrant's telephone number, including area
                      code)


                                 Not applicable
                                 --------------
              (Former name, former address and former fiscal year,
                          if changed since last report)


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 X   No __
    --


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

                   Class                      Outstanding at September 30, 2001
                   -----                      ---------------------------------
        Common Stock, $.001 par value                     10,532,692

<PAGE>

                        BAYNON INTERNATIONAL CORPORATION

<TABLE>
<CAPTION>
             Index                                                                                     Page No.
             -----                                                                                     --------
<S>          <C>                                                                                       <C>
Part I       Financial Information

Item 1       Financial Statements:

             Balance Sheets - September 30, 2001 and December 31, 2000                                    3

             Statements of Operations - For the Three Months and Nine Months
             Ended September 30, 2001 and 2000                                                            4

             Statements of Cash Flows - For the Nine Months Ended September 30, 2001 and 2000             5

             Notes to Financial Statements                                                                6

Item 2       Management's Discussion and Analysis of  Financial Condition and Results of                  7
             Operations

Part II      Other Information

Item 1       Legal Proceedings                                                                            8

Item 2       Changes in Securities and Use of Proceeds                                                    8

Item 3       Defaults Upon Senior Securities                                                              8

Item 4       Submission of Matters to a Vote of Security Holders                                          8

Item 5       Other Information                                                                            8

Item 6       Exhibits and Reports on Form 8-K                                                             8

</TABLE>


                                       2

<PAGE>

                        BAYNON INTERNATIONAL CORPORATION

                                 BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                  September 30,                     December 31,
ASSETS                                                                2001                               2000
------                                                           ----------------                 -----------------
                                                                 (Unaudited)                         (Audited)
<S>                                                              <C>                               <C>
Current Assets:
  Cash and cash equivalents                                             $ 21,493                          $ 42,208
                                                                 ----------------                 -----------------

          Total Current Assets                                            21,493                            42,208
                                                                 ----------------                 -----------------

Total Assets                                                            $ 21,493                          $ 42,208
                                                                 ================                 =================



LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Current Liabilities:
  Accounts payable and accrued expenses                                  $ 2,485                          $ 13,800
                                                                 ----------------                 -----------------

          Total Current Liabilities                                        2,485                            13,800
                                                                 ----------------                 -----------------

Total Liabilities                                                          2,485                            13,800
                                                                 ----------------                 -----------------

Stockholders' Equity:
  Common stock, $.001 par value, 50,000,000 shares
    authorized, 10,532,692 shares issued and
    outstanding at September 30, 2001 and December 31, 2000               10,533                            10,533
  Additional paid-in capital                                              53,000                            53,000
  Retained earnings (deficit)                                            (44,525)                          (35,125)
                                                                 ----------------                 -----------------
          Total Stockholders' Equity                                      19,008                            28,408
                                                                 ----------------                 -----------------

Total Liabilities and Stockholders' Equity                              $ 21,493                          $ 42,208
                                                                 ================                 =================

</TABLE>


--------------------

See accompanying notes to these financial statements.


                                       3
<PAGE>


                        BAYNON INTERNATIONAL CORPORATION

                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                For the Three Months Ended       For the Nine Months Ended
                                        September 30,                 September 30,
                                   2001            2000            2001            2000
                               ------------    ------------    ------------    ------------
<S>                            <C>             <C>             <C>             <C>
Revenues                       $       --      $       --      $       --      $       --

Cost of Revenues                       --              --              --              --
                               ------------    ------------    ------------    ------------

Gross Profit                           --              --              --              --

Other Costs:
  General and administrative
    expenses                          3,265           5,907          10,471          13,701
                               ------------    ------------    ------------    ------------
          Total Other Costs           3,265           5,907          10,471          13,701

Other Income and Expense:
  Interest income                       266             590           1,071           1,966
                               ------------    ------------    ------------    ------------

Net Income (Loss) before
  Income Taxes                       (2,999)         (5,317)         (9,400)        (11,735)

Income Taxes                           --              --              --              --
                               ------------    ------------    ------------    ------------

Net Loss                       $     (2,999)   $     (5,317)   $     (9,400)   $    (11,735)
                               ============    ============    ============    ============


Earnings (Loss) per Share:
  Basic and diluted earnings
   (loss) per common share     $       0.00    $       0.00    $       0.00    $       0.00
                               ============    ============    ============    ============

  Basic and diluted common
    shares outstanding           10,532,692      10,532,692      10,532,692      10,532,692
                               ============    ============    ============    ============
</TABLE>

                                       4


<PAGE>


                        BAYNON INTERNATIONAL CORPORATION

                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                 For the Nine Months Ended
                                                       September 30,
                                                    2001        2000
                                                  --------    --------

Cash Flows from Operating Activities:
  Net loss                                        $ (9,400)   $(11,735)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
      Decrease in accounts payable and
        accrued expenses                           (11,315)       (105)
                                                  --------    --------
          Net Cash Used in Operating Activities    (20,715)    (11,840)
                                                  --------    --------

Net Decrease in Cash and Cash Equivalents          (20,715)    (11,840)

Cash and Cash Equivalents, beginning of period      42,208      53,475
                                                  --------    --------

Cash and Cash Equivalents, end of period          $ 21,493    $ 41,635
                                                  ========    ========


Supplemental Disclosures of Cash Flow
  Information:
    Cash paid during the period for:
      Interest                                    $   --      $   --
                                                  ========    ========
      Taxes                                       $   --      $   --
                                                  ========    ========


--------------------

See accompanying notes to these financial statements.


                                       5

<PAGE>

                        BAYNON INTERNATIONAL CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                               September 30, 2001




1.  Baynon International Corporation (formerly known as Technology Associates
    Corporation and hereinafter referred to as the "Company"), was originally
    incorporated on February 29, 1968 under the laws of the Commonwealth of
    Massachusetts to engage in any lawful corporate undertaking. On December 28,
    1989, the Company reincorporated under the laws of the State of Nevada. The
    Company was formerly engaged in the technology marketing business and its
    securities traded on the National Association of Securities Dealers OTC
    Bulletin Board. The Company has not engaged in any business operations for
    at least the last two years and has no current operations.


2.  The December 31, 2000 balance sheet data was derived from audited financial
    statements but does not include all disclosures required by generally
    accepted accounting principles. In the opinion of management, the
    accompanying unaudited financial statements contain all adjustments
    necessary to present fairly the financial position as of September 30,
    2001, the results of operations for the three months and nine months ended
    September 30, 2001 and 2000 and cash flows for the nine months ended
    September 30, 2001 and 2000.

    The statements of operations for the three months and nine months ended
    September 30, 2001 and 2000 are not necessarily indicative of results for
    the full year.

    While the Company believes that the disclosures presented are adequate to
    make the information not misleading, these financial statements should be
    read in conjunction with the financial statements and accompanying notes
    included in the Company's Annual Report on Form 10-KSB for the year ended
    December 31, 2000.


3.  Earnings (loss) per share are based on the weighted average number of common
    shares outstanding including common stock equivalents.




                                    6

<PAGE>


                        BAYNON INTERNATIONAL CORPORATION

Item 2.  Management's Discussion and Analysis of Financial Condition and
Results of Operations


Liquidity and Capital Resources

         Liquidity and Capital Resources

         At September 30, 2001, the Company had a cash balance of $21,493, which
represents a $20,715 decrease from the $42,208 balance at December 31, 2000.
This $20,715 decrease results entirely from cash used in operations. The
Company's working capital position at September 30, 2001 was $19,008 as compared
to a December 31, 2000 balance of $28,408.

         The focus of the Company's efforts is to acquire or develop an
operating business. Despite no active operations at this time, management
intends to continue in business and has no intention to liquidate the Company.
The Company has considered various business alternatives including the possible
acquisition of an existing business, but to date has found possible
opportunities unsuitable or excessively priced. The Company does not contemplate
limiting the scope of its search to any particular industry. Management has
considered the risk of possible opportunities as well as their potential
rewards. Management has invested time evaluating several proposals for possible
acquisition or combination, however, none of these opportunities were pursued.
The Company presently owns no real property and at this time has no intention of
acquiring any such property.


Results of Operations


Three Months Ended September 30, 2001 compared to Three Months Ended
September 30, 2000


Net income (loss)

         The Company incurred a loss of $2,999 in the current quarterly period,
which represents a $2,318 decrease in Net Loss compared to the prior year
period. Interest income decreased by $324 to $266 primarily due to lower
interest rates and a reduced amount of invested cash. General and administrative
expenses of $3,265 were incurred in the current quarterly period compared to
$5,907 in the prior year period. The decrease of $2,642 was due primarily to a
decrease in professional fees incurred in the current quarterly period.


Nine Months Ended September 30, 2001 compared to Nine Months Ended
September 30, 2000


Net income (loss)

         The Company incurred a loss of $9,400 in the current nine-month period,
which represents a $2,335 decrease in Net Loss compared to the prior year
period. Interest income decreased by $895 to $1,071 primarily due to lower
interest rates and a reduced amount of invested cash. General and administrative
expenses of $10,471 were incurred in the current nine-month period compared to
$13,701 in the prior year period. The decrease of $3,230 was due primarily to a
decrease in professional fees incurred in connection with filing requirements.


                                       7

<PAGE>


                        BAYNON INTERNATIONAL CORPORATION


PART II. Other Information


Item 1.           Legal Proceedings

                  Not Applicable.


Item 2.           Change in Securities and Use of Proceeds

                  Not Applicable.


Item 3.           Defaults Upon Senior Securities

                  Not Applicable.


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

                  Not Applicable.


Item 5.           Other Information

                  Not Applicable.


Item 6.           Exhibits and Reports on Form 8-K

                  Reports on Form 8-K - None


                                       8

<PAGE>


                                   SIGNATURES


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



                                        BAYNON INTERNATIONAL CORPORATION

                                        Registrant


Date: October 30, 2001                   By: /s/ Pasquale Catizone
                                            ------------------------------------
                                            Pasquale Catizone, Chairman
                                            (on behalf of the registrant)




                                       9