U.S. SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549

                             FORM 10-QSB

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

     For the quarterly period ended June 30, 2000

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

     For the transition period from     to

                     Commission File No. 0-23015

                 RED HORSE ENTERTAINMENT CORPORATION
  (Exact name of small business issuer as specified in its charter)

            Nevada                          87-0450232
(State or other jurisdiction of    (IRS Employer Identification No.)
incorporation or organization)

           11828 La Grange Avenue, Los Angeles, CA  90025
               (Address of principal executive offices)

                           (310) 473-0213
                     (Issuer's telephone number)

                           Not Applicable
(Former name, address and fiscal year, if changed since last report)

Check  whether the issuer (1) has filed all reports required  to  be
filed  by  Section  13  or  15(d) of the  Exchange  Act  during  the
preceding 12 months (or for such shorter period that the issuer  was
required  to  file such reports), and (2) has been subject  to  such
filing requirements for the past 90 days. Yes [ X] No [  ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING
THE PRECEDING FIVE YEARS:

Check  whether  the registrant has filed all documents  and  reports
required  to  be filed by Sections 12, 13, or 15(d) of the  Exchange
Act  subsequent  to  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 June 30, 2000:  455,073  shares  of
common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

<PAGE>

                             FORM 10-QSB
                 RED HORSE ENTERTAINMENT CORPORATION

                                INDEX
                                                       Page
PART I.   Financial Information                           3

          Financial Statements                            3

          Management's Discussion And Analysis of
          Financial Condition or Plan of Operation       11

PART II.  Other Information                              12

          Signatures                                     12

                                  2
<PAGE>

                               PART I.
                        Financial Information

                 RED HORSE ENTERTAINMENT CORPORATION
                    (A Development Stage Company)
                           Balance Sheets


                               ASSETS

                                              June 30,    December 31,
                                                2000         1999
                                             (Unaudited)

CURRENT ASSETS

 Cash                                        $  234,861    $  232,783

  Total Current Assets                          234,861       232,783

PROPERTY AND EQUIPMENT (Note 3)                       -             -

  TOTAL ASSETS                               $  234,861    $  232,783


                LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                            $      500    $      189

  Total Current Liabilities                         500           189

STOCKHOLDERS' EQUITY

Common stock 50,000,000 shares authorized,
  at $0.001 par value; 455,073 shares issued
  and outstanding                                   455           455
 Additional paid-in capital                     423,353       423,353
 Deficit accumulated during the development
  stage                                        (189,447)     (191,214)

  Total Stockholders' Equity                    234,361       232,594

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $  234,361    $  232,783

                                  3
<PAGE>

                  RED HORSE ENTERTAINMENT CORPORATION
                     (A Development Stage Company)
                       Statements of Operations
                              (Unaudited)


                                                                        From
                                                                    Inception on
                                 For the              For the       October 24,
                            Three Months Ended    Six Months Ended  1986 Through
                                 June 30,              June 30,       June 30,
                              2000      1999      2000      1999        2000

REVENUES                    $      -   $   -     $    -   $    -      $    -

EXPENSES

 Bad debt expense                  -       -          -        -      35,000
 Outside services                  -     165        505    1,361       9,923
 Professional fees               863   1,532      3,615    3,443      80,440
 Rent                              -       -          -        -       6,545
 Travel                            -       -          -        -      18,336
 Administrative expenses          49     156         95    2,241      28,122
 Depreciation                      -       -          -      152       1,546
 Amortization                      -       -          -        -         472
 Interest                          -       -          -        -         418

  Total Expenses                 912   1,853      4,215    7,197     180,802

OTHER INCOME

 Interest income               3,116   2,262      5,982    4,495     126,479

  Total Other Income           3,116   2,262      5,982    4,495     126,479

Income (Loss) Before
 Discontinued Operations       2,204     409      1,767   (2,702)    (54,323)

Loss From Discontinued
 Operations (Note 6)               -       -          -        -    (911,314)

Gain on Disposal of
 Discontinued Operations           -       -          -        -     776,190

NET INCOME (LOSS)           $  2,204   $ 409   $  1,767 $ (2,702) $ (189,447)

NET INCOME (LOSS)
 PER SHARE                  $  (0.00)  $0.00   $  (0.00) $ (0.01)

WEIGHTED AVERAGE
 SHARES OUTSTANDING          455,073 455,073    455,073  455,073

                                   4
<PAGE>

                  RED HORSE ENTERTAINMENT CORPORATION
                     (A Development Stage Company)
                       Statements of Cash Flows
                              (Unaudited)


                                                                         From
                                                                    Inception on
                                   For the          For the         October 24,
                             Three Months Ended  Six Months Ended   1986 Through
                                  June 30,           June 30,         June 30,
                                2000     1999     2000      1999        2000

OPERATING ACTIVITIES

 Net Income (Loss)            $ 2,204   $ 409   $ 1,767   $ (2,702)  $ (189,447)
 Adjustments to reconcile net
  loss to net cash used by
  operating activities:
  Depreciation                      -       -         -        152        1,546
  Amortization                      -       -         -          -          472
  Loss on disposal of discontinued
   operations                       -       -         -          -     (776,190)
 Changes in operating assets
  and liabilities:
  Increase in accounts receivable   -     (64)        -        (64)           -
  Increase (decrease) in
   accounts payable            (2,094)      -       311          -          500
  Increase in accrued expenses      -       -         -          -      286,334

   Net Cash Provided (Used)
    by Operating Activities       110     345     2,078     (2,614)    (676,785)

INVESTING ACTIVITIES

 Organization expenses              -       -         -          -      (10,925)
 Sale of fixed assets               -       -         -          -        4,000
 Purchase of equipment and
  leasehold improvements            -       -         -          -   (1,255,237)

  Net Cash Provided (Used)
   by Investing Activities          -       -         -          -   (1,262,162)

FINANCING ACTIVITIES

 Proceeds from debentures           -       -         -          -    1,750,000
 Proceeds from stock issuance       -       -         -          -      212,984
 Sale warrants                      -       -         -          -          100
 Exercise of warrants               -       -         -          -      210,724

  Net Cash Provided (Used)
   by Financing Activities      $   -   $   -     $   -      $   -  $ 2,173,808

                                   5
<PAGE>

                  RED HORSE ENTERTAINMENT CORPORATION
                     (A Development Stage Company)
                 Statements of Cash Flows (Continued)
                              (Unaudited)


                                                                        From
                                                                    Inception on
                                    For the          For the        October 24,
                              Three Months Ended  Six Months Ended  1986 Through
                                   June 30,           June 30,        June 30,
                                 2000      1999    2000      1999       2000

INCREASE (DECREASE) IN
  CASH                       $    110   $   345  $  2,078  $ (2,614)  $ 234,861

CASH AT BEGINNING OF
 PERIOD                       234,751   229,400   232,783   232,359           -

CASH AT END OF PERIOD       $ 234,861 $ 229,745 $ 234,861 $ 229,745   $ 234,861

SUPPLEMENTAL CASH FLOW
 INFORMATION

 Cash paid for interest     $       - $       - $       - $       -   $   2,133
 Cash paid for taxes        $       - $       - $       - $       -   $       -

NON CASH INVESTING ACTIVITIES

 Sale of subsidiary         $       - $       - $       - $       -   $2,023,767

                                   6
<PAGE>

               RED HORSE ENTERTAINMENT CORPORATION
                 (A Development Stage Company)
               Notes to the Financial Statements
              June 30, 2000 and December 31, 1999


NOTE 1 -   ORGANIZATION AND CORPORATE HISTORY

       The  Company  was incorporated in the State of  Nevada  on
       December 4, 1987, under the name of Quantus Capital,  Inc.
       Since  its  inception it has not engaged in a  significant
       business  activity and is considered to be  a  development
       stage  company.   The  articles of  incorporation  of  the
       Company  state  that  its purpose  is  to  engage  in  the
       business of making investments and acquisition of  assets,
       properties  and businesses and to engage in  any  and  all
       other lawful business.

       Pursuant  to  a  special meeting of shareholders  held  on
       March  9,  1992,  the Company made the following  changes:
       (1) To issue 1,556,000 shares of stock to acquire 100%  of
       the  outstanding  shares of 127 Main  Street  Corporation,
       (the  former  Subsidiary)  a  Delaware  Corporation.   (2)
       Adopted a plan of recapitalization whereby the issued  and
       outstanding shares of the Company were reverse split on  a
       one  for  five basis.  The shares outstanding were reduced
       from   7,780,000  to  1,556,000.   (3)  The  articles   of
       incorporation were amended changing the name to Red  Horse
       Entertainment Corporation.  All references  to  number  of
       shares  have  been retroactively restated to  reflect  the
       reverse stock split.

       During   September   1992  the  former  Subsidiary   began
       operating  a  casino  in Central City, Colorado,  however,
       two weeks later operations were terminated. (Note 6)

NOTE 2 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       a.  Recognition of Income

       The  Company recognizes income and expenses on the accrual
       basis of accounting.  The fiscal year of the Company  ends
       on December 31.

       b.  Basic Loss Per Share

       The  computation of basic loss per share of  common  stock
       is   based  on  the  weighted  average  number  of  shares
       outstanding   during   the   period   of   the   financial
       statements.

                                    For the              For the
                              Three Months Ended     Six Months Ended
                                   June 30,              June 30,
                                2000      1999       2000      1999
       Numerator - income
         (loss)              $  2,204  $    409   $  1,767   $  (2,702)

       Denominator - weighted
        average number of
        shares  outstanding   455,073   455,073    455,073     455,073

       Basic income (loss)
        per share            $   0.00  $   0.00   $   0.00   $   (0.01)

                                7
<PAGE>

               RED HORSE ENTERTAINMENT CORPORATION
                  (A Development Stage Company)
                Notes to the Financial Statements
               June 30, 2000 and December 31, 1999


NOTE 2 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

       c.  Provision for Taxes

       At  June  30,  2000,  the Company had net  operating  loss
       carryforwards  of  approximately  $190,000  that  may   be
       offset  against  future taxable income through  2020.   No
       tax  benefit has been reported in the financial statements
       because  the  Company believes there is a 50%  or  greater
       chance    the    carryforwards   will    expire    unused.
       Accordingly,   the   potential   tax   benefits   of   the
       carryforwards are offset by a valuation allowance  of  the
       same amount.

       d.  Cash and Cash Equivalents

       The  Company considers all highly liquid investments  with
       a  maturity of three months or less when purchased  to  be
       cash equivalents.

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

       f.  Unaudited Financial Statements

       The  accompanying  unaudited financial statements  include
       all   of   the  adjustments  which,  in  the  opinion   of
       management,  are necessary for a fair presentation.   Such
       adjustments are of a normal, recurring nature.

NOTE 3 -   PROPERTY AND EQUIPMENT

       Property and equipment consists of the following:

                                             June 30,        December 31,
                                               2000             1999

       Office  equipment                   $   1,071          $  1,071

       Less accumulated depreciation          (1,071)           (1,071)

            Total Property and Equipment   $       -          $      -

       Equipment is being depreciated over eight years using  the
       straight  line  method.   Depreciation  expense  for   the
       period  ending  and  the year  ending June  30,  2000  and
       December 31, 1999 was $ -0- and $152, respectively.

                                8
<PAGE>

               RED HORSE ENTERTAINMENT CORPORATION
                 (A Development Stage Company)
               Notes to the Financial Statements
              June 30, 2000 and December 31, 1999


NOTE 4 -   PUBLIC OFFERING

       In  1988,  the  Company sold 38,537 units to  the  general
       public.  Each unit consisted of one share of common  stock
       and  one  "A"  warrant that could be used to purchase  one
       share  of  common  stock for $22.50 per share  within  two
       years  of the effective date of the offering, and one  "B"
       warrant  that could have been used to purchase  one  share
       of  common  stock  for  $37.50 per  share,  which  expired
       November  8, 1993.  The Company received cash of  $289,040
       as a result of this public offering.

NOTE 5 -   WARRANTS OUTSTANDING

       As   a  result  of  the  Company's  public  offering   the
       underwriter  purchased  a warrant  that  entitles  him  to
       purchase 3,853 units at a price of $9.375 per unit.

       In  conjunction with the Company's acquisition of 127 Main
       Street  Corporation, the shareholders of 127  Main  Street
       Corporation  were granted warrants or options to  purchase
       an  aggregate  of 453,093 shares of common  stock  of  the
       parent  Company for a period of five years at a  price  of
       $9.00  per  share.   As  of  December  31,  1996,  351,212
       warrants  have  been  exercised wherein  the  Company  has
       received cash of $210,724.

NOTE 6 -   DISCONTINUED OPERATIONS

       On  September  17, 1993 the Company decided  to  terminate
       the  operations of its former subsidiary, 127 Main  Street
       Corporation,  and  the casino operations  located  at  127
       Main  Street,  Central  City, Colorado.   Cost  over  runs
       resulting   from  site  conditions  made  it  economically
       unfeasible  to  continue  operations.   Consequently,  the
       facility   was  abandoned  and  all  lease   options   and
       improvements  were lost.  The following is  a  summary  of
       income   (loss)  from  operations  of  127   Main   Street
       Corporation:

            Revenue - 1992                         $    40,029
            Revenue - 1993                               4,982

             Total Revenue                              45,011

            Operating expenses - 1992                  670,363
            Operating expenses - 1993                  285,962

             Total Operating Expenses                  956,325

               Loss from Discontinued Operations    $ (911,314)

            Write off of assets - 1992             $(1,246,097)
            Gain on assumption of debt - 1993        2,022,287

            Gain on Disposal of Discontinued
              Operations                              $776,190

                             9
<PAGE>

               RED HORSE ENTERTAINMENT CORPORATION
                 (A Development Stage Company)
               Notes to the Financial Statements
              June 30, 2000 and December 31, 1999


NOTE 7 -    DISPOSAL OF SUBSIDIARY - RELATED PARTY TRANSACTION

       On  March  19,  1994,  the Company entered  into  a  stock
       purchase  agreement whereby two officers  of  the  Company
       purchased  all of the outstanding shares of the  Company's
       former  subsidiary,  127  Main  Street  Corporation.   The
       shares were sold for the nominal amount of $500.

NOTE 8 -    REVERSE STOCK SPLIT

       On  August  2,  1993,  the  shareholders  of  the  Company
       approved  a  30-for-1 reverse stock split.  The  financial
       statements  have  been  restated to  reflect  this  change
       retroactively to the beginning of the periods presented.

NOTE 9 - GOING CONCERN

       The  Company's  financial statements  are  prepared  using
       generally accepted accounting principles applicable  to  a
       going  concern  which  contemplates  the  realization   of
       assets  and  liquidation  of  liabilities  in  the  normal
       course  of business.  However, the Company does  not  have
       significant  cash or other material assets,  nor  does  it
       have  an  established  source of  revenues  sufficient  to
       cover  its operating costs and to allow it to continue  as
       a  going concern.  It is the intent of the Company to seek
       a  merger  with  an existing, operating company.   In  the
       interim,  shareholders of the Company  have  committed  to
       meeting its minimal operating expenses.

NOTE 10 - STOCK OPTIONS

       On  February 1, 1994, the Company issued options to two of
       its  officers, for each one to purchase 25,000  shares  of
       common  stock at a price of $0.50 per share.  The  options
       expired on February 1, 1999.

NOTE 11 - CONCENTRATIONS OF RISK

       The  Company  maintains a money market investment  account
       which  accounts for $234,000 of the balance of cash.   The
       account  is  not insured by the FDIC, nor is it guaranteed
       by  the  bank.   The investment is subject  to  investment
       risk, including potential principle loss.

                               10
<PAGE>

                             ITEM 2.

             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION OR PLAN OF OPERATION


Six-Month Periods Ended June 30, 2000 and 1999

The Company had no revenue from continuing operations for the six-
month periods ended June 30, 2000 and 1999.

General  and  administrative expenses for the  six-month  periods
ended  June  30,  2000 and 1999, consisted of  general  corporate
administration, legal and professional expenses,  and  accounting
and  auditing costs.  These expenses were $4,215 and  $7,197  for
the six-month periods ended June 30, 2000 and 1999, respectively.

Interest income in the six-month periods ended June 30, 2000  and
1999,  was $5,982 and $4,495, respectively.  As a result  of  the
foregoing factors, the Company realized a net gain of $1,767  for
the six months ended June 30, 2000, as compared to a net loss  of
$2,702 for the same period in 1999.

Liquidity and Capital Resources

At   June   30,  2000,  the  Company  had  working   capital   of
approximately $234,361, as compared to $232,594 at  December  31,
1999.   Working  capital as of both dates consisted substantially
of   short-term  investments,  and  cash  and  cash  equivalents.
Although the Company's most significant assets consist largely of
cash  and cash equivalents, the Company has no intent to  become,
or  hold  itself out to be, engaged primarily in the business  of
investing,  reinvesting, or trading in securities.   Accordingly,
the  Company  does  not  anticipate being  required  to  register
pursuant to the Investment Company Act of 1940 and expects to  be
limited  in its ability to invest in securities, other than  cash
equivalents and government securities.

Management  believes  that the Company has  sufficient  cash  and
short-term  investments  to meet the  anticipated  needs  of  the
Company's  operations  through  at  least  the  next  12  months.
However,  there  can  be no assurances to  that  effect,  as  the
Company  has no significant revenues and the Company's  need  for
capital may change dramatically if it acquires an interest  in  a
business  opportunity during that period.  The Company's  current
operating  plan is to (i) handle the administrative and reporting
requirements  of a public company, and (ii) search for  potential
businesses, products, technologies and companies for acquisition.
At  present,  the Company has no understandings,  commitments  or
agreements  with  respect  to  the acquisition  of  any  business
venture,  and  there can be no assurance that  the  Company  will
identify  a  business  venture suitable for  acquisition  in  the
future.   Further,  there can be no assurance  that  the  Company
would  be successful in consummating any acquisition on favorable
terms  or  that it will be able to profitably manage any business
venture it acquires.

Forward-Looking Statement Notice

     When used in this report, the words "may," "will," "expect,"
"anticipate,"  "continue," "estimate," "project,"  "intend,"  and
similar  expressions  are  intended to  identify  forward-looking
statements  within the meaning of Section 27a of  the  Securities
Act  of  1933 and Section 21e of the Securities Exchange  Act  of
1934 regarding events, conditions, and financial trends that  may
affect   the  Company's  future  plans  of  operations,  business
strategy,  operating  results, and financial  position.   Persons
reviewing  this  report  are cautioned that  any  forward-looking
statements  are  not  guarantees of future  performance  and  are
subject  to  risks and uncertainties and that actual results  may
differ  materially from those included within the forward-looking
statements as a result of various factors.

                               11
<PAGE>

                   PART II.  OTHER INFORMATION

Exhibits and Reports on Form 8-K.

     Reports on Form 8-K:  No reports on Form 8-K were filed by
the Company during the quarter ended Marhc 31, 2000.

     Exhibits: Included only with the electronic filing of this
report is the Financial Data Schedule for the six-month period
ended June 30, 2000 (Exhibit ref. No. 27).

                         SIGNATURES

     In accordance with the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned
thereunto duly authorized.

                         RED HORSE ENTERTAINMENT CORPORATION


Date: August 8, 2000     By: /s/ Jack Gertino, Secretary

                               12
<PAGE>