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
-----------------                           ----------------------
June 30, 1997                               33-19196



                                   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 Limebaugh Avenue, Ste 408, Tampa, Florida 33624
                   (Address of principal executive offices)      (Zip Code)

                   Registrant's telephone number, including area code: None


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 June 30, 1997



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<TABLE>
<CAPTION>


Part I: FINANCIAL INFORMATION



                                   STRATEGIC VENTURES, INC.
                                 (A Development Stage Company)
                                        BALANCE SHEETS
                  UNAUDITED BALANCE SHEET FOR THE PERIOD ENDED JUNE 30, 1997

<S>                                                 <C>                       <C>

ASSETS
                                                    June 30, 1997             December 31, 1996
                                                    -------- ----             -----------------

TOTAL ASSETS                                        $                      0  $                     0
                                                    ------------------------- ------------------------

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable                                    $                  2,504  $                 2,504
                                                    ------------------------- ------------------------
Total Current Liabilities                           $                  2,504  $                 2,504

Total Liabilities                                   $                  2,504  $                 2,504

Stockholders' Equity
Common stock $.0001 par value; 100,000,000 shares
authorized;
4,000,000 issued at June 30,1997
and 4,000,000 issued at December 31, 1996           $                307,894  $               307,894
Paid in capital                                                            -                        -
Retained Earnings (Deficit)                         $               (310,798) $              (310,798)
                                                    ------------------------- ------------------------
Total Stockholders' Equity                                            (2,504)                  (2,504)
                                                    ------------------------- ------------------------

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

                   The accompanying notes are an integral part of the financial statements.
                                                      F-1
</TABLE>



<PAGE>




                                   STRATEGIC VENTURES, INC.
                                 (A Development Stage Company)
                               UNAUDITED STATEMENT OF OPERATIONS
                               FOR THE SIX MONTHS ENDED JUNE 30,




                                       1997                           1996
                                       ----                           ----
REVENUES
Operating Revenues                            0                              0
TOTAL REVENUES                                0                              0

COST OF GOODS SOLD                            0                              0
Cost of Sales                                 0                              0
TOTAL COST OF GOODS SOLD                      0                              0

OPERATING COSTS                               0                              0
TOTAL OPERATING COSTS                         0                              0

NET INCOME (LOSS)                             0                              0
Net Loss per Share                       (0.00)                              0
Weighted Average Common Shares         4,000,000                      4,000,000


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



<PAGE>
<TABLE>
<CAPTION>


                            STRATEGIC VENTURES, INC.
                          (A Development Stage Company)
                        UNAUDITED STATEMENT OF CASH FLOWS
                        FOR THE SIX MONTHS ENDED JUNE 30,


                                                               1997             1996
                                                               ----             ----
<S>                                                            <C>              <C>
CASH FOWS FROM OPERATING ACTIVITIES
Net Loss                                                       $0               $0

Adjustments to reconcile net loss to
Cash used in operating activities:                              0                0
Depreciation                                                    0                0
Loss on China Investment                                        0                0
(Increase) Decrease in current assets                           0                0
Increase (Decrease) in current liabilities                      0                0
(Increase) Decrease in other assets                             0                0
                                                                -               --

NET CASH PROVIDED (USED) BY OPERATING
ACTIVITIES                                                     $0               $0

CASH FLOWS FROM INVESTING ACTIVITIES                            0                0
(Purchase) Sale of property and equipment                       0                0
Increase (Decrease) in notes payable                            0                0
Capital received                                                0                0
NET CASH FLOWS FROM INVESTING ACTIVITIES                       $0               $0
                                                               --               --

NET INCREASE (DECREASE) IN CASH                                $0               $0

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 stagecompany)
                         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
Obligations.  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.


 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.

COMMONSTOCK

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
June 30, 1997.



<PAGE>


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

RESULTS OF OPERATIONS FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1997

The Company has no expenses of for the six-month period ended June 30, 1997. The
Company  had no  revenues  for the period in 1997 or 1996.  The  Company  had no
profit or loss of for the period in 1997. The Company losses will continue until
adequate  business income can be achieved.  While the company is seeking capital
sources for  investment  and  business;  there is no assurance  that such can be
found.

RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 1997

The  Company  had no  revenues  in the  second  quarter  period  in 1997 nor any
revenues  in the same period in 1996.  The  Company  incurred no expenses in the
quarter in 1997 or 1996.  The  Company  had no profit or loss in the  quarter in
1997 or 1996.  The Company  anticipates  that the losses will  continue  for the
foreseeable  future  until the  Company  develops  or  acquires  business  which
generates sufficient revenues to at least cover expenses. Of course, there is no
assurance that such an event will occur.

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.


<PAGE>




                                  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