UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

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

                      For Quarter Ended September 30, 2000
                                        ------------------

[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


        For the transition period from _______________ to ______________


                         Commission File Number 0-27337
                                                -------

                              MAX DEVELOPMENT, INC.
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


           COLORADO                                     84-1474940
--------------------------------           ----------------------------------
 (State or Other Jurisdiction of          (I.R.S. Employer Identification No.)
  Incorporation or Organization)


6025 S. Quebec Street, Suite 150, Englewood, Colorado                 80111
-----------------------------------------------------               ---------
     (Address of Principal Executive Office)                        (Zip Code)


                                 (720) 489-8873
               ---------------------------------------------------
              (Registrant's telephone number, including area code)


              (Former name, former address and former fiscal year,
                         if changed since last report.)



               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANBKRUPTCY


                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.
                                 Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

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


Common stock,  $.001 par value                     1,161,000
------------------------------  ------------------------------------------------
         Class                  Number of shares outstanding at November 3, 2000


Transitional Small Business Disclosure Format (Check one): Yes [   ]  No [ X ]

                     This document is comprised of 10 pages.


1


<PAGE>


FORM 10-QSB
3RD QUARTER
                                      INDEX

                                                                         Page

PART I - FINANCIAL INFORMATION

     Item 1.  Financial Statements *

     Condensed balance sheet, September 30, 2000 (Unaudited)...............3

     Condensed statements of operations, three and nine months
        ended September 30, 2000 and 1999 (Unaudited), and April 23,
        1998 (inception) through September 30, 2000 (Unaudited)............4

     Condensed statements of cash flows, nine months ended
        September 30, 2000 and 1999 (Unaudited), and April 23,
        1998 (inception) through September 30, 2000 (Unaudited)............5

     Notes to condensed financial statements (Unaudited)...................6

     Item 2.  Plan of Operation............................................7


PART II - OTHER INFORMATION................................................7

     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


     Signatures............................................................8


*    The  accompanying  financial  statements  are not covered by an Independent
     Certified Public Accountant's report.


2

<PAGE>


Part I.  Item 1.  Financial information
-------           ---------------------



                              MAX DEVELOPMENT, INC.
                          (A Development Stage Company)

                             Condensed Balance Sheet
                                   (Unaudited)

                               September 30, 2000

Assets


Cash................................................    $    6,545

Equipment, less accumulated depreciation of $262....           596
                                                        -------------

                                                        $    7,141
                                                        =============

Liabilities and Shareholders' Equity

Liabilities:
     Accounts payable, related party (Note B).......    $      146
     Accrued liabilities............................           500
                                                        -------------
                                   Total liabilities           646
                                                        -------------

Shareholders' equity:
     Preferred stock................................          -
     Common stock...................................         1,161
     Additional paid-in capital.....................        78,904
     Deficit accumulated during development stage...       (73,570)
                                                        -------------
                          Total shareholders' equity         6,495
                                                        -------------

                                                        $    7,141
                                                        =============




            See accompanying notes to condensed financial statements


3

<PAGE>

<TABLE>

                              MAX DEVELOPMENT, INC.
                          (A Development Stage Company)

                       Condensed Statements of Operations
                                   (Unaudited)

<CAPTION>

                                                                                                            April 23,
                                                                                                              1998
                                            Three Months Ended              Nine Months Ended              (Inception)
                                               September 30,                  September 30,                  through
                                         ---------------------------    -----------------------------       Sept. 30,
                                             2000           1999             2000            1999              2000
                                         -----------    ------------    -------------    ------------    ---------------

<S>                                      <C>            <C>             <C>              <C>             <C>
Operating expenses:
  Rent and administrative
    services, related party
    (Note B)..........................   $    3,000     $    3,000      $     9,000      $     6,000     $    18,000
  Professional fees...................        7,975           7,085          11,488           14,085          31,723
  Travel..............................        2,156            -              2,767                  -         2,767
  Stock transfer fees.................          250             175             613            1,045           2,151
  Other...............................          805             370           1,906            4,646           3,929
                                         -----------    ------------    -------------    ------------    ---------------
                        Operating loss      (14,186)        (10,630)        (25,774)         (25,776)        (58,570)

Non-operating expense:
  Loss on write-down of
     investment.......................         -               -               -             (15,000)        (15,000)
                                         -----------    ------------    -------------    ------------    ---------------
              Loss before income taxes      (14,186)        (10,630)        (25,774)         (40,776)        (73,570)

Income taxes (Note C).................         -               -               -                -               -
                                         -----------    ------------    -------------    ------------    ---------------
                              Net loss   $  (14,186)    $   (10,630)    $   (25,774)     $   (40,776)    $   (73,570)
                                         ===========    ============    =============    ============    ===============
Basic and diluted loss
     per common share.................   $    (0.01)    $     (0.01)    $      (0.02)    $    (0.04)
                                         ===========    ============    =============    ============
Basic and diluted weighted
     average common shares
     outstanding * ...................    1,161,000       1,161,000       1,161,000        1,098,389
                                         ===========    ============    =============    ============

</TABLE>

*    Restated for 1:2 reverse stock split (see Note D)


            See accompanying notes to condensed financial statements


4

<PAGE>

<TABLE>

                              MAX DEVELOPMENT, INC.
                          (A Development Stage Company)

                       Condensed Statements of Cash Flows
                                   (Unaudited)

<CAPTION>


                                                                                           April 23,
                                                                                             1998
                                                           Nine Months Ended              (Inception)
                                                               September 30,                through
                                                        -----------------------------      Sept. 30,
                                                            2000            1999             2000
                                                        ------------    -------------    ------------

<S>                                                     <C>             <C>              <C>
Net cash used in operating activities................   $   (22,713)    $   (25,335)     $   (53,384)
                                                        ------------    -------------    ------------
Cash flows from investing activities:

     Purchase of equipment...........................          -               -                (858)
     Purchase of investment..........................          -            (15,000)         (15,000)
                                                        ------------    -------------    ------------
Net cash used in investing activities................          -            (15,000)         (15,858)
                                                        ------------    -------------    ------------
Cash flows from financing activities:

     Proceeds from sale of common stock..............          -             80,500           83,000
     Payments for offering costs.....................          -             (5,000)          (7,213)
                                                        ------------    -------------    ------------
Net cash used in financing activities................          -            75,500            75,787
                                                        ------------    -------------    ------------

                                   Net change in cash       (22,713)         35,165            6,545
Cash, beginning of period............................        29,258            -                -
                                                        ------------    -------------    ------------

                                  Cash, end of period   $     6,545     $    35,165      $     6,545
                                                        ============    =============    ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
     Cash paid for interest..........................   $      -        $      -         $      -
                                                        ============    =============    ============
     Cash paid for income taxes......................   $      -        $      -         $      -
                                                        ============    =============    ============

</TABLE>

            See accompanying notes to condensed financial statements


5

<PAGE>

                              MAX DEVELOPMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

Note A:  Basis of presentation
         ---------------------

The financial  statements  presented herein have been prepared by the Company in
accordance  with the  accounting  policies in its Form 10-KSB dated December 31,
1999 and should be read in conjunction with the notes thereto.

In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring  adjustments)  which are necessary to provide a fair  presentation  of
operating  results for the interim period  presented have been made. The results
of operations for the periods  presented are not  necessarily  indicative of the
results to be expected for the year.

Interim financial data presented herein are unaudited.


Note B:  Related party transactions
         --------------------------

The  Company  leased  office  space  on a  month-to-month  basis  and  purchased
administrative services from an affiliate during the nine months ended September
30,  2000.  The  affiliate  charged  the Company  $1,000 per month from  January
through  May 2000  for the  rent  and  services.  Effective  June 1,  2000,  the
affiliate began  providing the office space and services at no charge.  The rent
and  services  were  valued at $1,000 per month for the period from June 1, 2000
through  September 30, 2000,  based on the costs incurred in prior periods.  The
rent and administrative services contributed from June 1, 2000 through September
30, 2000 are included in the accompanying statements as "rent and administrative
services,  related  party" with a  corresponding  credit to  additional  paid-in
capital.

The Company owed the affiliate $146 for administrative expenses at September 30,
2000, which is included in the accompanying  balance sheet as accounts  payable,
related party.


Note C:  Income taxes
         ------------

The Company  records its income taxes in accordance  with Statement of Financial
Accounting Standard No. 109, "Accounting for Income Taxes". The Company incurred
net operating  losses during the nine months ended  September 30, 2000 resulting
in a deferred tax asset, which was fully allowed for; therefore, the net benefit
and expense resulted in $-0- income taxes.


6

<PAGE>


                              MAX DEVELOPMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)


Note D:  Shareholders' equity
         --------------------

On September 15, 2000, the Company's  directors and shareholders  approved a one
for two reverse stock split of the Company's  outstanding  common  shares.  As a
result of the reverse  split,  which was  effective on September  26, 2000,  the
Company's  outstanding  shares of common stock were  reduced  from  2,322,000 to
1,161,000.  The accompanying  financial statements have been restated to reflect
the reverse split.


7

<PAGE>



Part I.  Item 2.  Plan of operation
-------           -----------------


                              MAX DEVELOPMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)

PLAN OF OPERATION
-----------------

The  Company  is open to the  evaluation  of mining  investments  located in the
United States and is pursuing possible oil and gas exploration investments.  The
Company has also opened its  spectrum of possible  investments  and/or  business
combinations  to  companies  that  may be  operating  outside  of the  Company's
original  business plan. The Company is currently  negotiating with a healthcare
company  for a  possible  business  combination.  As of  November  3,  2000,  no
agreement had been reached between the companies and shareholders or perspective
shareholders  should not assume that an agreement with this or any other outside
company would ever result in a business combination of any type.

At  September  30,  2000 the  Company  had one  employee  (its sole  officer and
director) and, except for any potential  mergers and/or  acquisitions,  does not
anticipate  materially  increasing  the number of  employees  in the next twelve
months.


RESULTS OF OPERATIONS
---------------------

No income  producing  operations were conducted  during the most recent quarter.
The Company's net loss totaled  $25,774 for the nine months ended  September 30,
2000 as compared to $40,776 for the nine months ended  September  30, 1999.  The
decrease  in the net loss was due to the  write-down  of the  Company's  $15,000
investment.


FINANCIAL CONDITION
-------------------

There have been no material changes to the Company's  financial condition during
the nine  months  ended  September  30,  2000.  Proceeds  from the common  stock
offering conducted during 1999 have funded all development stage activity.

The Company's  working  capital  decreased from $34,415 at September 30, 1999 to
$5,899 at September  30, 2000.  The decrease was due to cash  disbursements  for
professional  and  administrative  expenses  and a lack  of cash  proceeds  from
financings and operations.


8

<PAGE>


PART II - OTHER INFORMATION

Item 1 - No response required.

Item 2 - No response required.

Item 3 - No response required.

Item 4 - On September 15, 2000, the Company's directors and shareholders
         approved a one for two reverse stock split of the Company's
         outstanding common shares.

Item 5 - No response required.

Item 6 - Exhibits and reports on Form 8-K.

         (a)  Exhibits       27 - Financial Data Schedule.

         There were no reports on Form 8-K.

9


<PAGE>


SIGNATURES

The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of operations  for the three and nine months ended  September 30,
2000 have been included.

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

                                                        MAX DEVELOPMENT, INC.
                                                        (Registrant)


DATE:    November 3, 2000                            BY: /s/ David C. Olson
         ----------------                               ------------------------
                                                        David C. Olson
                                                        President