SECURITIES AND EXCHANGE COMMISSION

                                     Washington, DC 20549

                                          FORM 10QSB


                         Quarterly Report under Section 13 or 15(d) of
                              the Securities Exchange Act of 1934


For Quarter Ended                           Commission File Number
-----------------                           ----------------------
March 31, 1998                              33-19196-A


                                   STRATEGIC VENTURES, INC.
                                   ------------------------
                    (Exact name of registrant as specified in its charter)


                      Florida                  59-2919648
                      -------                  ----------
        (State of incorporation)        (I.R.S. Employer
                                        Identification No.)

                   3816 West Linebaugh Avenue, Ste 408, Tampa, Florida 33624
                   ---------------------------------------------------------
                   (Address of principal executive offices)       (Zip Code)

               Registrant's telephone number, including area code: 813-960-0557
                                                                   ------------

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 the  filing
requirements for at least the past 90 days.

                                    Yes ____    No   X
                                                    ----
Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                         4,000,000 as of March 31, 1998


<PAGE>


                            STRATEGIC VENTURES, INC.
                          (A Development Stage Company)


                                         BALANCE SHEET
                                          (unaudited)

                                       Three Months Ending     Year Ending
                                          March 31,  1998      December 31,1997


Current Assets:

Cash and cash equivalents                             $0                      $0

Prepaid expenses                                      $0                      $0

Total current assets                                  $0                      $0
                                                 --------               --------


TOTAL ASSETS                                          $0                      $0
                                                 ========               ========
              LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable, related parties                $ 2,220                 $2,220

Total current liabilities                          2,220                  2,220
                                                 --------               --------


Stockholder's equity:

Common stock, $0.0001 stated value Authorized        400                     400
100,000,000 shares Issued and outstanding
4,000,000 shares issued at March 31, 1998 and
December 31, 1997

Preferred stock, no par value, 100,000,000 shares
authorized, no shares outstanding

Contributed capital                              310,920                 310,920

Retained Earnings (deficit)                    (313,540)               (313,540)
                                                --------                --------
Total Stockholders' equity                      $  2,220                $  2,220
                                                --------                --------


TOTAL LIABILITIES & STOCKHOLDERS' EQUITY        $      0                    $  0
                                                ========                ========

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

                                       F-1


<PAGE>
<TABLE>
<CAPTION>



                                   STRATEGIC VENTURES, INC.
                                 (A Development Stage Company)


                                    STATEMENT OF OPERATIONS
                                          (unaudited)



                                    Three Months Ending March        Three Months Ending March
                                                     31, 1998                         31, 1997
<S>                                                 <C>                              <C>

Revenue & interest                                         $0                               $0

Professional fees                                          $0                               $0

Expenses, general and                                      $0                               $0
administrative

Rent & Office                                              $0                               $0
                                                         -----                            -----
Travel                                                     $0                               $0
                                                         =====                            =====
Net income (loss) for period                               (0)                              $0
                                                         =====                            =====
Net income (loss) per share                               $(0)                              $0
                                                         =====                            =====
Weighted average number of                          4,000,000                        4,000,000
common shares

</TABLE>


    The accompanying notes are an integral part of the financial statements.
                                       F-2


<PAGE>
<TABLE>
<CAPTION>


                                   STRATEGIC VENTURES, INC.
                                 (A Development Stage Company)


                                    STATEMENT OF CASH FLOWS
                                          (unaudited)


                                                     Three Months Ending          Three Months Ending
                                                     March 31, 1998               March 31, 1997
                                                     --------------               --------------
<S>                                                        <C>                          <C>

Cash flows from operating
activities:

Net income (loss)                                          $0                           $0



Adjustments to reconcile net income
(loss) to net cash provided (used)
by operating activities:

Amortization                                               $0                           $0

Rent                                                       $0                           $0

Changes in:

Prepaid expenses                                           $0                          $0

Accounts payable                                           $0                           $0

Accounts payable - related parties                         $0                           $0
                                                         -----                        -----


Cash provided (used) by operating                          $0                           $0
activities                                               =====                        =====



Cash at beginning of period                                $0                           $0
                                                         =====                        =====
Cash at end of period                                      $0                           $0
                                                         =====                        =====


</TABLE>

    The accompanying notes are an integral part of the financial statements.
                                       F-3


<PAGE>



                            STRATEGIC VENTURES, INC.
                          (a development stage company)
                          NOTES TO FINANCIAL STATEMENTS

      These financials have been prepared by management and are unaudited.

 NOTE I ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

ORGANIZATION - Strategic Ventures,  Inc.  ("Company") was organized as a Florida
corporation  on March 19,  1987.  A  statement  of income  (loss) is  presented.
However, the Company has had no operating revenues and expenses, except expenses
for acquisition investigation administration.

Presently,  the Company is in the development stage, and activities include the
arranging of an offering of common  stock and warrants to the public,  which was
accomplished  in 1989.  The  Company  intends  to acquire  interests  in various
business opportunities, which in the opinion of management will provide a profit
to the Company. Presently, the Company has had no operations,  planned products,
or services,  and additional  external  financing may be required to acquire the
business interests.

DEFERRED  SECURITIES  OFFERING  EXPENSES - The Company  incurred $5,709 of costs
directly related to its public offering.  Such amount was offset in 1989 against
the proceeds from the public offering.

CASH FLOWS - For the purposes of cash flows,  the Company  considers  all highly
liquid debt instruments  purchased with a maturity of three months or less to be
cash equivalents.

EARNINGS  (LOSS) PER SHARE - Earnings (loss) per share are based on the weighted
average number of common shares  outstanding during the period starting from the
date of  inception.  All insider  stock  issued is deemed to have been issued on
that date for all periods presented.

INCOME TAXES - The provision (benefit) for income taxes, if any, is based on the
pre-tax  earnings  (loss)  reported in the  financial  statements,  adjusted for
transactions  that may never enter into the computation of income taxes payable.
A deferred tax  liability or asset is recognized  for the  estimated  future tax
effect  attributable  to temporary  differences in the recognition of income and
expenses for financial statement and income tax purposes.

USE OF 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 reported  amounts of revenues and expenses  during the reporting
period. Actual results could differ from those estimates.

NOTE 2 PUBLIC OFFERING

The Company  offered 250 units to the public at an offering  price of $1,000 per
unit.  Each unit consisted of 10,000 shares of the Company's  common stock,  and
10,000 warrants,  each entitling the warrant holder to purchase one share of the
Company's  common stock at $0.50 each, and a U.S.  Treasury-  backed Zero Coupon
Obligation.  Each U.S.  Treasury-backed Zero Coupon Obligation will be purchased
from the

<PAGE>


offering  proceeds  at an  estimated  cost  of $200  by the  underwriter  of the
proposed public offering,  in the name of the unit holder. The offering was on a
best efforts basis and resulted in the issuance of 1,090,000 common shares.

 NOTE 3 INCOME TAXES

The Company has incurred  losses to date and as a result no provision for income
taxes has been made.

On  December  31,  1997 the  Company  had  $313,540  of  accumulated  loss carry
forwards.  In addition,  the Company had  deferred  tax assets of  approximately
$111,000  as a  result  of the loss  carryforwards,  against  which a  valuation
allowance of $111,000 has been recognized due to the uncertainty with respect to
recoverability  of the  deferred  tax asset.  Due to the absence of  operations,
certain  portions of the  accumulated  net operating loss may not be immediately
deductible.

 The net operating losses expire as shown below.

 2003   $  2,020             2008   $19,454
 2004   $ 13,582             2009   $ 1,910
 2005   $ 20,891             2010   $ 1,360
 2006   $222,516             2011   $ 1,871
 2007   $ 27,194             2012   $ 2,742
                             2013   $ 3,485

 NOTE 4 RELATED PARTY TRANSACTIONS:

The Company uses certain office space, telephones, and related facilities of its
president under an informal arrangement.

NOTE 5 PREFERRED AND COMMON STOCK

PREFERRED STOCK

The Company has  authorized  25,000,000  shares of preferred  stock at $0.01 par
value. The stock is non-designated and none of the shares has been issued.

COMMON STOCK

The Company has  authorized  100,000,000  shares of common  stock at $0.0001 par
value.  There are 4,000,000  shares of common stock issued and outstanding as of
March 31, 1998.

<PAGE>


ITEM 2. MANAGEMENTS  DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION AND RESULTS
OF OPERATIONS

RESULTS OF OPERATIONS

The Company has  experienced  no expenses for the three month period in 1998 and
1997.  The Company had no revenues  for the period in 1998 or 1997.  The Company
had no profit or loss for the period in 1998 or 1997.  The Company will continue
to have no income and losses until income can be achieved.  While the company is
seeking capital  sources for investment;  there is no assurance that sources can
be found.

LIQUIDITY AND CAPITAL RESOURCES

The  Company  had no cash  capital at the end of the  period and no assets.  The
Company will be forced to either  borrow or make private  placements of stock in
order to fund operations. No assurance exists as to the ability to achieve loans
or make private placements of stock.


                           PART II - OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

           None

ITEM 2.    CHANGES IN SECURITIES

           None

ITEM 3.    DEFAULT 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

          No reports on Form 8-K were made for the period for which this  report
is filed.


<PAGE>


                            STRATEGIC VENTURES, INC.
                          (A Development Stage Company)


                                   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.



                                    STRATEGIC VENTURES, INC.



Date: January 15, 2000                /s/Thomas McCrimmon
                                    --------------------
                                       Thomas McCrimmon, President