<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>fw10q301.txt
<DESCRIPTION>FRAMEWAVES 10-QSB 3-31-2001
<TEXT>

             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 March 31, 2001

      [   ]     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. 33-2783-S
                        FRAMEWAVES, INC.
(Exact name of small business issuer as specified in its charter)

            Nevada                          82-0404220
(State or other jurisdiction of    (IRS Employer Identification No.)
 incorporation or organization)

  1981 East 4800 South, Suite 100, Salt Lake City, Utah, 84117
             (Address of principal executive offices)

                         (801) 272-9294
                   (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 March 31, 2001: 1,208,794 shares
of common stock.

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

<PAGE>
                           FORM 10-QSB
                        FRAMEWAVES, INC.

                              INDEX
                                                       Page
PART I.   Financial Information

          Item I.  Financial Statements (unaudited)       3

          Consolidated Balance Sheets -  March  31,       4
          2001 (unaudited) and December 31, 2000

          Consolidated  Statements  of   Operations       5
          (unaudited)  for the Three  Months  Ended
          March  31,  2001 and 2000,  and  for  the
          period    December   31,   1993   (Quasi-
          Reorganization) Through March 31, 2001

          Consolidated  Statements of Stockholders'       6
          Equity   (unaudited)   for   the   Period
          December  31, 1993 (Quasi-Reorganization)
          Through March 31, 2001

          Consolidated  Statements  of  Cash  Flows       8
          (unaudited)  for the Three  Months  Ended
          March  31,  2001 and 2000,  and  for  the
          period    December   31,   1993   (Quasi-
          Reorganization) Through March 31, 2001

          Notes     to    Consolidated    Financial
          Statements                                       9

          Item  2.   Management's  Discussion   and
          Analysis of Financial Condition  or  Plan
          of Operation                                     12

PART II.  Other Information

          Item 6.  Exhibits and Reports on Form 8-K        13

          Signatures                                       13

(Inapplicable items have been omitted)

                                2
<PAGE>


PART I.

Financial Information

Item 1.  Financial Statements (unaudited)

In the opinion of management, the accompanying unaudited
financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals)
necessary for a fair presentation of the results of operations
for the periods presented.  The results of operations for the
periods presented are not necessarily indicative of the results
to be expected for the full year.

                                3
<PAGE>


                 FRAMEWAVES, INC. AND SUBSIDIARY

                 (A Development Stage Company)

                  CONSOLIDATED BALANCE SHEETS

              MARCH 31, 2001 AND DECEMBER 31, 2000



                                            March 31,       December 31,
          Assets                              2001              2000


Current Assets:
  Cash                                          $    890        $ 5,910

     Total current assets                            890          5,910

     Total Assets                               $    890        $ 5,910


Liabilities and Stockholders' Equity

Current Liabilities:
  Accounts payable                              $  1,562        $ 1,562

     Total current liabilities                     1,562          1,562


Stockholders' Equity:
  Common stock, $.001 par value
    100,000,000 shares
    authorized, 1,208,794
    issued and outstanding                        1,209          1,209
  Additional paid-in capital                     19,518         19,518
  Deficit accumulated during the
    development stage                           (21,399)       (16,379)

     Total Stockholders' Equity                    (672)         4,348

     Total Liabilities and Stockholders'
       Equity                                  $    890       $  5,910

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


                                4
<PAGE>

     FRAMEWAVES, INC. AND SUBSIDIARY

                 (A Development Stage Company)

             CONSOLIDATED STATEMENTS OF OPERATIONS

       FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000


                                                  For the period
                                                   December 31,
                                                       1993
                          For the      For the       (Quasi -
                       Three Months  Three Months  Reorganization)
                           Ended        Ended        Through
                          March 31,   March 31,      March 31,
                           2001          2000          2001

Revenues                $      --     $      --     $      --

Expenses, general
  and administrative        5,020            --        21,399

  Operating loss           (5,020)           --       (21,399)

Other income
  (expense)                    --            --            --

  Net Loss              $  (5,020)    $      --     $ (21,399)

Net loss per share      $      --     $      --     $    (.02)


The accompanying notes are an integral  part of the financial st
atements.


                                5
<PAGE>

                 FRAMEWAVES, INC. AND SUBSIDIARY

                  (A Development Stage Company)

         CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

FOR THE PERIOD DECEMBER 31, 1993 (Quasi - Reorganization) THROUGH
                         MARCH 31, 2001
                                                                   Deficit
                                                                Accumulated
                                                    Additional   During the
                                   Common Stock      Paid-in    Development
                                 Shares     Amount    Capital      Stage


Balance, December 31, 1993       65,600     $  66      $  66       $    --

Net loss accumulated for
  the period December 31, 1993
  (quasi-reorganization)
  through December 31, 1997          --        --         --            --

Balance, December 31, 1997       65,600        66        (66)           --

Net loss for the year ended
  December 31, 1998                  --        --          --           --

Balance, December 31, 1998       65,600        66         (66)          --

Net loss for the year
 ended December 31, 1999             --        --           --          --

Balance, December 31, 1999       65,600     $  66       $  (66)    $    --

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

                                6
<PAGE>

                    FRAMEWAVES, INC. AND SUBSIDIARY

                     (A Development Stage Company)

      CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - CONTINUED

   FOR THE PERIOD DECEMBER 31, 1993 (Quasi - Reorganization) THROUGH
                            MARCH 31, 2001


                                                                   Deficit
                                                                 Accumulated
                                                     Additional   During the
                                    Common Stock      Paid-in    Development
                                 Shares     Amount    Capital       Stage

Balance, December 31, 1999         65,600   $    66   $   (66)  $     --

Common stock issued for cash
  and services at $.10/ share
  on November 3, 2000             100,000       100     9,900         --
Contribution by shareholder
  for Company expenses paid
  directly by shareholder              --        --     9,817         --

Common stock issued in
  acquisition of subsidiary,
  Corners, Inc. on December 27,
  2000                          1,000,000     1,000       (90)        --

Common stock issued due to
  rounding up shareholders with
  less than 100 shares after
  100 for 1 reverse stock split
  effective December 27, 2000      43,194        43       (43)        --

Net loss for the year
  ended December 31, 2000             --         --        --    (16,379)

Balance, December 31, 2000      1,208,794     1,209    19,518    (16,379)

Net loss for the three months
  ended March 31, 2001                 --        --        --    (5,020)
                                1,208,794   $ 1,209  $ 19,518  $(21,399)

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

                                   7
<PAGE>
                    FRAMEWAVES, INC. AND SUBSIDIARY
                     (A Development Stage Company)
             CONSOLIDATED STATEMENTS OF CASH FLOWS
       FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000

                                                                For the period
                                                               December 31, 1993
                                     For the       For the         (Quasi -
                                    Three Months  Three Months  Reorganization)
                                       Ended         Ended        Through
                                      March 31,     March 31,     March 31,
                                        2001          2000         2001
 Cash flows from
  operating activities:
    Net loss                           $(5,020)    $    --     $ (21,399)

 Adjustments to
  reconcile net income
  to cash provided by
  operating activities:
    Contribution from
      shareholder                            --         --         9,817
    Common stock issued
      for services                           --         --         5,000
    Increase in
      accounts payable                       --         --         1,562

  Net cash used by operating activities  (5,020)        --        (5,020)

Cash flows from investing activities:
    Cash received in acquisition of
        subsidiary                           --         --           910

Cash flows from financing activities:
    Issuance of common stock                 --         --         5,000

Net increase in cash                     (5,020)        --           890

Cash, beginning of period                 5,910         --            --

Cash, end of period                    $    890     $   --     $     890

Interest paid                          $     --     $   --     $      --

Income taxes paid                      $     --     $   --     $      --

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

                                   8
<PAGE>

               FRAMEWAVES, INC. AND SUBSIDIARY
                (A Development Stage Company)

     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.   Summary of Business and Significant Accounting Policies

     a.  Summary of Business

          The Company was incorporated under the laws of the State  of
          Nevada  on  December 23, 1985.  The Company  was  formed  to
          pursue business opportunities.  The Company was unsuccessful
          in  its  operations.  During 1993, Management determined  it
          was  in the best interest of the Company to discontinue  its
          previous operations.  The Company is considered to have  re-
          entered  into a new development stage on December 31,  1993.
          Because the Company discontinued its previous operations and
          is selling new potential business opportunities, the Company
          adopted   quasi-reorganization  accounting   procedures   to
          provide the Company a Afresh start@ for accounting purposes.

     b.   Principles of Consolidation

          The  consolidated financial statements contain the  accounts
          of  the  Company  and its wholly-owned subsidiary,  Corners,
          Inc.  All significant intercompany balances and transactions
          have been eliminated.

     c.  Cash Flows

          For  purposes  of the statement of cash flows,  the  Company
          considers  all  highly liquid investments purchased  with  a
          maturity  of  three  months or  less  to  be  cash  or  cash
          equivalents.

     d.  Net Loss Per Share

          The  net loss per share calculation is based on the weighted
          average number of shares outstanding during the period.

     e.  Use of Estimates

          The  preparation of financial statements in conformity  with
          generally accepted accounting principles requires management
          to  make  estimates  and  assumptions  that  affect  certain
          reported  amounts  and  disclosures.   Accordingly,   actual
          results could differ from those estimates.

                                   9
<PAGE>

               Notes to Financial Statements - Continued

2.   Quasi-Reorganization

     December  7,  2000, the shareholders of the Company  approved  to
     adopt   quasi-reorganization   accounting   procedures.    Quasi-
     reorganization  accounting allowed the Company to  eliminate  its
     previous  accumulated deficit of approximately  $235,000  against
     additional  paid-in capital.  Therefore, the adoption  of  quasi-
     reorganization  accounting procedures gave the Company  a  Afresh
     start@  for  accounting purposes.  The Company is also considered
     as  re-entering a new development stage on December 31, 1993,  as
     it  discontinued all of its previous operations.  These financial
     statements have been restated to reflect the change.

3.      Stock Split

     On  December 27, 2000, the Company approved a 100 for  1  reverse
     split  of  the  issued  and  outstanding  common  stock  but   no
     shareholder=s  ownership  shall be  less  than  100  shares.   An
     additional  43,194 shares were issued as a result of rounding  up
     to the 100 share minimum.

     The 100 for 1 reverse split has been retroactively applied in the
     accompanying financial statements.

4.     Amended Articles of Incorporation

     On  December  27,  2000,  the Company  amended  its  articles  of
     incorporation  to  change  its  name  from  Messidor  Limited  to
     FrameWaves,   Inc.   In  addition,  the  Company  decreased   its
     authorized shares from 500,000,000 to 110,000,000 shares of stock
     of  which  100,000,000  shall  be  designated  common  stock  and
     10,000,000  shall be designated preferred stock.   At  March  31,
     2001,  no  preferred stock has been issued by the  Company.   The
     Company has the authorization to issue the preferred stock in one
     or more series and to determine the voting rights, preferences as
     to dividends and liquidation, conversion rights, and other rights
     of each series.

5.   Issuance of Common Stock

     On  November  3, 2000, the Company issued 100,000 shares  of  its
     $.001   par  value  common  stock  for  an  aggregate   price  of
     $10,000.  $5,000  was  received in cash and $5,000  for  services
     rendered.

6.   Stock Options and Warrants

     The Company has designated 2,000,000 shares of its authorized and
     unissued  common stock to a future stock option plan.   At  March
     31, 2001, there are no options or warrants outstanding to acquire
     the Company=s common stock.

                                  10
<PAGE>


               Notes to Financial Statements - Continued



7.     Acquisition of Subsidiary

     On   December  27,  2000,  the  Company  acquired  100%  of   the
     outstanding  common shares of Corners, Inc. in exchange  for  the
     issuance  of  1,000,000 shares of its previously  authorized  but
     unissued common stock.  Corners, Inc. was purchased at book value
     of  $910  or $.001 per share.  The acquisition has been accounted
     for  on  the purchase method and 100% of the purchase  price  was
     allocated  to  cash.  Corners, Inc. did not have any  significant
     revenues  or  expenses during the year ended December  31,  2000;
     therefore,  pro  forma condensed statement of operations  is  not
     presented.

8.   Income Taxes

     The  Company has had no taxable income under Federal or State tax
     laws.

                                  11
<PAGE>


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION OR PLAN OF OPERATION

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.  Such factors are
discussed under the "Item 2.  Management's Discussion and Analysis of
Financial Condition or Plan of Operations," and also include general
economic factors and conditions that may directly or indirectly impact
the Company's financial condition or results of operations.

Three Month periods Ended March 31, 2001 and 2001

The Company had no revenue for the three-month periods ended March 31,
2001 and 2000.

General and administrative expenses for the three month periods ended
March 31, 2001 and 2000, consisted of general corporate
administration, legal and professional expenses, and accounting and
auditing costs.  These expenses were $5,020 and $-0- for the three-
month periods ended March 31, 2001 and 2000 respectively.  The
increase in expense is due to the Company now having operations.

As a result of the foregoing factors, the Company realized a net loss
of $5,020 for the three months ended March 31, 2001 as compared to a
net loss of $-0- for the same period in 2000.

Liquidity and Capital Resources

At March 31, 2001 the Company had $890 cash in hand and total current
liabilities of $1,562 compared to $5,910 cash in hand and $1,562 in
current liabilities for the period ending March 31, 2000.

The Company has not been able to sell any of its services due to an
illness of one of the officers who holds the majority of contacts with
interior designers.  The Company anticipates it will begin to generate
revenue in the near future.

The Company believes that its current cash needs can be met with the
cash on hand and continued operations.  However, should the Company
find it necessary to raise additional capital, the Company may sell
common stock of the Company, take loans from officers, directors or
shareholders or enter into debt financing agreements.

                                  12
<PAGE>


PART II.  OTHER INFORMATION

Item 6.  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 March 31, 2001.

Exhibits: None


                         SIGNATURES

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

                              FRAMEWAVES, INC.


Date: May 14, 2001            By: /s/ Thomas A. Thomsen
                              President



Date: May 14, 2001            By: /s/ Susan Santage
                              Treasurer

                                  13
<PAGE>


</TEXT>
</DOCUMENT>
