UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                                   FORM 10-QSB

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF

                       THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended:  July 31, 2000           Commission File Number:  33-18437-LA

                           INTERACTIVE MOTORSPORTS, INC.

             (Exact name of registrant as specified in its charter)

            Nevada                                       88-0230400
--------------------------------------------------------------------------------
(State or other jurisdiction of               I.R.S. Employer Identification No.
 incorporation or organization)

3675 Pecos-McCloud Road, Las Vegas                                    89121
--------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)

61-2-9417 7226
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

--------------------------------------------------------------------------------
              (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  proceeding 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.

[x] Yes           [  ] No

Indicate the number of shares  outstanding  of each of the  issuer/s  classes of
common stock as of the last practicable date:

         Date:                                                 July 31, 2000

         Common Stock - Number of shares
         outstanding at July 31, 2000                             4,165,705



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                          INTERACTIVE MOTORSPORTS, INC

                                      INDEX

PART I               FINANCIAL INFORMATION


         Item 1            Financial Statements

                                Balance Sheets
                                Statement of Operations
                                Statement of Cash Flows

             Notes of Consolidated Financial Statements (Unaudited)

         Item 2            Management Discussion and Analysis of Financial



PART II               OTHER INFORMATION

         Item 6            Exhibits and Reports on Form 8-K

                                Signature Page


<PAGE>

<TABLE>

<CAPTION>


                          INTERACTIVE MOTORSPORTS, INC

                                 BALANCE SHEETS

                                                                                 July 31,   October 31,
                                                                                   2000          2000
                                                                                ----------   ----------
<S>                                                                             <C>         <C>
CURRENT ASSETS

                   Notes Receivable .......................................       20,750       20,750

MINING PROPERTIES .........................................................            0            0

                                                                                ----------   ----------
TOTAL ASSETS ..............................................................       20,750       20,750
                                                                                ----------   ----------



                                                                                 July 31,   October 31,
                                                                                   2000        2000
                                                                                ----------   --------

CURRENT LIABILITIES

                   Accounts Payable .......................................       68,685       64,835

                   Unsecured Loans ........................................       15,000       15,000

                                                                                ----------   ----------
TOTAL CURRENT LIABILITIES .................................................       83,685       79,835
                                                                                ----------   ----------

STOCKHOLDERS' EQUITY

Common Stock, Par Value $0.01 per share
Authorized .............. 50,000,000 shares

                          -----------------------
For property .............750,000 shares issued
For services .............273,000 shares issued
for cash .................3,142,705 shares issued
                          -----------------------
Total Issued ..............4,165,705 shares                                      41,657       41,657
                                                                                ----------

Capital Surplus ...........................................................      128,833      128,833
                                                                                ----------   ----------
Total Paid in Capital .....................................................      170,490      170,490
                                                                                ----------   ----------

DEFICIT ACCUMULATED DURING DEVELOPMENT STAGE ..............................      233,426      229,576

TOTAL STOCKHOLDERS EQUITY .................................................      -62,936      -59,086

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ................................       20,750       20,750


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                          INTERACTIVE MOTORSPORTS, INC

                             STATEMENT OF OPERATIONS

                         Six Months Ended April 30, 2000

                          Year Ended October 31, 1999
INCOME

                   Sales ..................................................            0            0
                   Received for Lease .....................................            0            0
                                                                                ----------   ----------
TOTAL INCOME ..............................................................   $        0   $        0
                                                                                ----------   ----------

EXPENSES

                   Administration .........................................        3,850       20,850
                   Financial ..............................................            0            0
                   Property ...............................................            0            0
                   Organization ...........................................            0            0

                                                                                ----------   ----------
Total Expenses ............................................................   $    3,850   $   20,850
                                                                                ----------   ----------

Loss from Operations ......................................................   $    3,850   $   20,850

Average Shares Outstanding ................................................    4,165,705    4,165,705

Loss per Share ............................................................   $  0.00092   $  0.00501

Deficit at Beginning of Period ............................................   $  229,576   $  208,726

Deficit at End of Period ..................................................   $  233,426   $  229,576

<PAGE>

                          INTERACTIVE MOTORSPORTS, INC

                             STATEMENT OF CASH FLOWS

                         Six Months Ended April 30, 2000

                          Year Ended October 31, 1999


Cash Received from Subscription to Companies Shares .......................         0            0

Cash Received from Officers ...............................................     3,850       20,850

Cash Received from Operations .............................................         0            0

Total Cash Received During Period .........................................     3,850       20,850

Cash Used in Operations ...................................................     3,850       20,850

Increase in Cash ..........................................................         0            0

Cash at Beginning of Period ...............................................         0            0

</TABLE>

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                          INTERACTIVE MOTORSPORTS, INC.

                          Notes to Financial Statements

1.       Basis of Preparation

         The unaudited  information included herein includes,  in the opinion of
         management,  all adjustments  necessary for a fair  presentation of the
         results of operations for the period covered hereby.

         The  preparation  of  the  Company's   financial   statements  requires
         management to make  estimates and  assumptions  that affect the amounts
         reported in the financial  statements and  accompanying  notes.  Actual
         results could differ from these estimates.

                     Management's Discussion and Analysis of
                 Financial Conditions and Results of Operations.

         Results of Operations

                  The Company had no  business  operations  during the period to
which this report relates.

         Liquidity and Capital Resources

                  The  Company had no income  from  operations  in the period to
                  which this report  relates.  As of July 31, 2000  shareholders
                  and other parties had provided  cash and/or other  services to
                  the value of $3,850.00.

Part 11 - Other Information

         Item 6 - Exhibits and reports in Form 8-K

                  Form 8-K advising Change of Name of corporation filed on June
                  29, 2000



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                                   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.

Interactive Motorsports, Inc.
(Registrant)



By   /s/ Francis F. Joslin
     -----------------------------------------------
     President, Chief Financial Officer and Director