FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


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


For the quarter ended:          March 31, 2001

Commission file number:         33-19961

             HomeGate Corporation (formerly Spartan Oil Corporation)
       ------------------------------------------------------------------
             (exact name of registrant as specified in its charter)

       Delaware                                                   75-2224650
------------------------                                        ---------------
(State of Incorporation)                                         (IRS ID No.)


                13663 Jupiter Road, Suite 401, Dallas Texas        75238
     ----------------------------------------------------------- ----------
                (Address of principal executive offices)         (Zip code)

Registrant's telephone number, including area code: 214-343-9700

Check whether the  registrant  files 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 [X] No [ ]

Shares of common stock outstanding at March 31, 2001:

                                                     8,220,888










<PAGE>




                                TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION                                       Page Number


         Item  1.          Financial Statements                          1 - 8

         Item  2.          Managements's Discussion and Analysis
                           of Financial Condition and Results of
                           Operations                                      9


PART II - OTHER INFORMATION                                                10




















<PAGE>

<TABLE>

<CAPTION>

                              HOMEGATE CORPORATION


                                 BALANCE SHEETS
                      March 31, 2001 and December 31, 2000

                               ASSETS

                                                                   March 31, 2001     Dec 31, 2000
                                                                   ----------------  ----------------
<S>                                                                <C>               <C>

   CURRENT ASSETS:
       Cash                                                                  ($710)             $937
       Accounts receivable - related party                                   2,387            60,000
                                                                   ----------------  ----------------
           Total Current Assets                                              1,677            60,937

   PROPERTY:
       Furniture and equipment (net)                                         3,165             3,343
                                                                   ----------------  ----------------
           Total Property                                                    3,165             3,343


   TOTAL ASSETS                                                             $4,842           $64,280
                                                                   ================  ================


                      LIABILITIES AND STOCKHOLDERS' EQUITY

   LIABILITIES
       Accounts payable                                                     $9,713           $99,837
                                                                   ----------------  ----------------
           Total Liabilities                                                $9,713           $99,837

   STOCKHOLDERS' EQUITY
       Common stock, $0.001 par value, 50,000,000 shares
           authorized, 8,220,888 shares issued and outstanding
           at March 31, 2001 and December 31, 2000                           8,221             8,221
       Additional paid in capital                                        1,920,500         1,920,500
       Accumulated Deficit                                              (1,933,592)       (1,964,278)
                                                                   ----------------  ----------------
           Total Stockholders' Equity                                       (4,871)          (35,557)
                                                                   ----------------  ----------------

   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $4,842           $64,280
                                                                   ================  ================

</TABLE>













                                       F-1

<PAGE>

<TABLE>

<CAPTION>

                              HOMEGATE CORPORATION


                             STATEMENT OF OPERATIONS
              Three Months Ended March 31, 2001 and March 31, 2000





                                                                  Three months      Three months
                                                                      ended             ended
                                                                 March 31, 2001    March 31, 2000
                                                                 ----------------  ----------------
<S>                                                              <C>               <C>

   REVENUE:                                                              $90,513                $0

   OPERATING EXPENSE:
       Depreciation                                                          178
       Interest expense
       General and administrative                                         59,649
                                                                 ----------------  ----------------
           Total Operating Expense                                        59,827                 0

   OTHER EXPENSE:
       Writeoff of investment                                                  0                 0
                                                                 ----------------  ----------------

   Loss before extraordinary items                                        30,686                 0

   Extraordinary loss - trademark
   Extraordinary loss - goodwill
                                                                 ----------------  ----------------

   NET LOSS                                                              $30,686                $0
                                                                 ================  ================


   Net loss per share (basic and diluted):
   Loss before extraordinary items                                          0.00              0.00
   Extraordinary loss                                                       0.00              0.00
                                                                 ----------------  ----------------
   Net loss per share                                                      $0.00             $0.00
                                                                 ================  ================


   Basic/diluted weighted average number of shares outstanding         8,220,888         6,025,527
                                                                 ================  ================

</TABLE>












                                       F-2

<PAGE>

<TABLE>

<CAPTION>


                              HOMEGATE CORPORATION


            STATEMENT OF STOCKHOLDERS' EQUITY AND ACCUMULATED DEFICIT

       Period from February 25, 2000 (date of inception) to March 31, 2001


                                          Common         Common        Paid In       Accumulated
                                          Shares         Amount        Capital         Deficit            Total
                                      -------------------------------------------------------------  ----------------
<S>                                   <C>                <C>           <C>           <C>             <C>

   Issuance of common shares
           (date of inception)               100,000            100      1,931,000               0         1,931,100

   Effects from reverse merger             6,025,527          6,026        (15,605)                           (9,579)

   Reverse split of Spartan Oil
       common shares 1 for 6              (5,104,639)        (5,105)         5,105

   Stock issued pursuant to merger
       72 shares for 1                     7,200,000          7,200                                            7,200

   Net loss                                                                             (1,964,278)       (1,964,278)

                                      -------------------------------------------------------------  ----------------
   Balance
           December 31, 2000               8,220,888          8,221      1,920,500      (1,964,278)          (35,557)


   Net loss - three months ended
       March 31, 2001                                                                       30,686            30,686

                                      -------------------------------------------------------------  ----------------
   Balance
           March 31, 2001                  8,220,888          8,221      1,920,500      (1,933,592)           (4,871)
                                      =============================================================  ================

</TABLE>














                                       F-3
<PAGE>

<TABLE>

<CAPTION>

                              HOMEGATE CORPORATION


                             STATEMENT OF CASH FLOWS
              Three Months Ended March 31, 2001 and March 31, 2000



                                                                    Three months      Three months
                                                                        ended             ended
                                                                   March 31, 2001    March 31, 2000
                                                                   ----------------  ----------------
<S>                                                                <C>               <C>

   CASH FLOWS FROM OPERATING ACTIVITIES:
       Net loss                                                            $30,686                $0
       Items not requiring cash:
           Amortization                                                       $178
           Depreciation
           Write-off of investment
           Write-off trademark
           Cancel note payable
           Extraordinary loss - trademark
           Extraordinary loss - goodwill
           Effects from reverse merger
       Changes in operating assets and liabilities:
           Increase in accounts receivable - related party                  57,613
           Increase in accounts payable                                    (90,124)
                                                                   ----------------  ----------------
   NET CASH (USED) BY OPERATING ACTIVITIES:                                 (1,647)                0

   CASH FLOWS FROM INVESTING ACTIVITIES:
       Purchase of equipment
                                                                   ----------------  ----------------
   NET CASH (USED) BY INVESTING ACTIVITIES:                                      0                 0

   CASH FLOWS FROM FINANCING ACTIVITIES:
       Sale of stock
       Payment on debt
                                                                   ----------------  ----------------
   NET CASH PROVIDED BY FINANCING ACTIVITIES                                     0                 0

   NET INCREASE IN CASH                                                    ($1,647)               $0

   CASH, BEGINNING OF PERIOD                                                   937                 0
                                                                   ----------------  ----------------

   CASH, END OF PERIOD                                                       ($710)               $0
                                                                   ================  ================

</TABLE>





                                      F-4
<PAGE>



                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001




NOTE A - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
---------------------------------------------------------------------------

History:
--------
The Company was organized  January 5, 1988, as a Delaware  corporation under the
name Oliver Owen  Corporation.  The  Company  was  organized  for the purpose of
seeking,  investigating,  and, if such investigation warrants, acquiring assets,
properties,   and  businesses  and  to  engage  in  any   substantial   business
opportunities.  In October  1988 the  company  changed  its name to Spartan  Oil
Corporation.

In 2000, the Company authorized a 1 for 6 reverse split of its common shares.

In 2000, the Company merged with HMGT  Management  Corporation  (HMGT),  a newly
formed private corporation,  domiciled in the state of Delaware.  HMGT is in the
business of hotel management

In 2000, the Company changed its name to Homegate Corporation.

Basis of Presentation:
----------------------
It is the Company's  policy to prepare its  financial  statements on the accrual
basis of accounting in accordance with accounting  principles generally accepted
in the United States. The accompanying  financial  statements have been prepared
in accordance  with  generally  accepted  accounting  principles and include all
adjustments  which in the opinion of  management  are necessary in order to make
the financial statements not misleading.

Revenue Recognition:
--------------------
Revenues are recorded as income in the period the management fees are earned and
expenses  are  recognized  in the  period  in which  the  related  liability  is
incurred.

Customer Concentration:
-----------------------
The  majority of managed  hotels have the same  owner.  Although  the Company is
widening  its customer  base,  this  concentration  could  adversely  affect the
Company.

Use of Estimates
----------------
In  order  to  prepare  financial   statements  in  conformity  with  accounting
principals  generally  accepted  in the  United  States,  management  must  make
estimates,  judgments and  assumptions  that affect the amounts  reported in the
financial statements and determine whether contingent assets and liabilities, if
any, are  disclosed in the  financial  statements.  The ultimate  resolution  of
issues requiring these estimates and assumptions could differ significantly from
resolution  currently  anticipated  by  management  and on which  the  financial
statements are based.

Cash and Cash Equivalents:
--------------------------
For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  debt  instruments  with  maturity  of  three  months  or less to be cash
equivalents.



                                       5
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001


NOTE A - NATURE OF  BUSINESS  AND  SUMMARY OF  SIGNIFICANT  ACCOUNTING  POLICIES
(CONTINUED):
--------------------------------------------------------------------------------

Property and Equipment:
-----------------------
Property  and  equipment  is carried at cost.  Depreciation  is  provided by the
straight-line method over each asset's estimated useful life. Upon retirement or
disposal,  the asset cost and related accumulated  depreciation are removed from
the accounts and any resulting gain or loss is included in the  determination of
net income.

Long-Lived Assets
-----------------
In accordance with Statement of Financial Accounting Standards ("SFAS") No. 121,
Accounting for the impairment of Long-Lived Assets and for Long -Lived Assets to
be  Disposed  of,  the  Company  records   impairment  losses  when  events  and
circumstances  indicate  that the assets might be impaired and the  undiscounted
projected  cash flows  associated  with those  assets are less than the carrying
amounts of those assets. Impairment loss on a long-lived asset is measured based
on the excess of the  carrying  amount of the asset over the asset's fair value,
generally determined based upon discounted estimates of future cash flows.

Net Loss per Common Share:
--------------------------
Basic net loss per share excludes  dilution and is computed by dividing net loss
by the  weighted  average  number of common  shares  outstanding  for the period
presented.  Diluted net loss per common share was the same as basic net loss per
common  share for the period  presented  since the  Company  has no  potentially
dilutive securities and because of the Company's net loss.

Income Tax:
-----------
The Company is subject to the greater of federal income taxes computed under the
regular system or the alternative  minimum tax system. The Company uses an asset
and liability approach for the accounting and financial  reporting of income tax
as required by SFAS No. 109,  Accounting  for Income  Taxes.  Under this method,
deferred  tax  assets  and  liabilities   are  determined   based  on  temporary
differences  between the financial  carrying amounts and the tax bases of assets
and  liabilities  using  enacted  tax  rates in effect in the years in which the
temporary  differences  are  expected  to  reverse.   Valuation  allowances  are
established  when necessary to reduce  deferred tax asset to the amount expected
to be "more likely than not" realized in future returns.


NOTE B - ACCOUNTS RECEIVABLE - RELATED PARTY:
---------------------------------------------
The Company's primary customer is a related party.



                                       6
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001



NOTE C - FURNITURE AND EQUIPMENT:
---------------------------------

Furniture and equipment is stated at cost and consists of the following:

         Office furniture                               $3,554
         Allowance for depreciation                       (389)
                                                       --------
                  Total                                 $3,165
                                                        =======

Depreciation  has been  provided by the  straight-line  method over each asset's
estimated useful life of five years.


NOTE D - COMMON STOCK:
----------------------

Common Stock:
-------------
The Company is  authorized to issue  50,000,000  common shares of stock at a par
value of $0.001 per share.  These shares have full voting  rights.  At March 31,
2001,  there were  8,220,088  shares  outstanding.  The  Company  has not paid a
dividend to its shareholders.


NOTE E - INCOME TAXES:
----------------------

The  Company  has a net  loss  carryover  of  approximately  $1,933,592  that is
available to offset its future income tax liability.

No deferred tax asset has been  recognized  for the loss carryover as it is more
likely than not that all or a portion of the net loss will not be  realized  and
any valuation  allowance  would reduce the benefit to zero.  The loss expires in
2020.

The  components  of the  provision  (benefit)  for income taxes  included in the
financial statements as of December 31, 2000 are as follows:
         Deferred tax assets:
         Net loss carryover                              $(1,933,592)
         Valuation allowance                                1,933,592
                                                         ------------
         Total deferred income tax assets                         -0-
         Total deferred income tax liabilities                    -0-
                                                         ------------
         Net deferred income tax assets                  $        -0-
                                                         ============




                                       7
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001


NOTE F - OTHER EXPENSE:
-----------------------

In the fiscal year of 2000,  the Company  acquired  2,000,000  common  shares of
stock of a related  party in the merger on July 1, 2000.  The common shares were
considered as trading securities.

By December 31, 2000,  the value of the common shares was zero and  accordingly,
the Company recorded a $1,800,000 write off in its statement of operations.


NOTE G - EXTRAORDINARY LOSSES:
------------------------------

In the fiscal year of 2000, the Company  acquired a trademark valued at $315,972
and a related note payable for the  trademark for $325,000 in the merger on July
1, 2000. As a result of the merger,  the excess of purchase  price over the fair
value for all net assets created goodwill in the amount of $7,200.

During the year of 2000,  the Company agreed that the trademark had no value and
negotiated  the  forgiveness  of the related note payable.  The company had made
payments  on the note in the amount of  $75,000  and had  recorded  amortization
expense in the amount of $19,861. The Company removed the asset and it's related
accumulated  amortization  and related note payable and recorded a $55,139 write
off in its statement of operations.

As the result of the write off of the  trading  securities  and the write off of
the trademark,  the Company agreed that the goodwill had no value and recorded a
$7,200 write off in it's statement of operations.


NOTE H - GOING CONCERN:
-----------------------

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern.  The Company has funded its operations
to date from  management  fees,  the issuance of shares and debt.  These matters
raise substantial doubt about its ability to continue as a going concern.

The  company has  minimal  capital  resources  available  to offset  losses from
operating and other obligations expected to be incurred. The continued existence
is dependent upon several factors, including its ability to generate revenue and
to generate operating capital.

The  Company  plans  to  generate  revenue  by  securing  additional  management
contracts that will provide adequate income to produce a profit.





                                       8
<PAGE>

Item 2:           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS.


Results of Operations
---------------------
The Company was incorporated in the State of Delaware on February 25, 2000 under
the name of HMGT Management Corporation.  On July 6, 2000, the Company performed
a reverse  merger with  Spartan Oil  Corporation  which was  accounted  for as a
reverse  merger.  On August 1, 2000,  the  Company  changed its name to HomeGate
Corporation.

The company  manages  hotels and  currently  has three hotels  under  management
contract.  The Company had as many as ten under  management  contracts until the
owners of many of those hotels had financial  problems and lost ownership of the
hotels.  HomeGate  continues to pursue hotel  management  contracts and believes
that it will secure some in the third quarter.

The cash  position of the Company was little  changed in the quarter  going from
$937  at the  beginning  of the  quarter  to a  negative  $710 at the end of the
quarter.  However,  the the  Company  significantly  reduced its  payables  from
$99,837 to $9,713,  increasing its liquid position from a negative  $38,900 to a
negative $8,036.  This leaves the Company in a much better position to deal with
potential suppliers and customers.









                                        9

<PAGE>



PART II.     OTHER INFORMATION


Item  1.     Legal Proceedings.

                  The Company is not involved in any legal proceedings.

Item  2.     Changes in Securities.

                  Registrant has made no changes in its securities.

Item  3.     Defaults Upon Senior Securities.

                  Registrant  has  no  senior   securities  and  accordingly  no
defaults.

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.

                  None.





                                       10

<PAGE>


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 there unto duly authorized.



                                                     HomeGate Corporation
                                                     ---------------------------
                                                      (Registrant)


                                                     BY: /s/  Gary W. Bell
                                                     ---------------------------
                                                              Gary W. Bell
                                                     Its: President

DATE:       August 10, 2001
            Dallas, Texas





                                       11