<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>doc1.txt
<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,  2003

     [   ]     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, 2003: 1,208,994 shares of common stock, par value $.001

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


<PAGE>

<TABLE>
<CAPTION>


                                   FORM 10-QSB
                                FRAMEWAVES, INC.
                                      INDEX


                                                                            Page
<S>       <C>                                                               <C>
PART I..  Financial Information

          Item 1.  Unaudited Financial Statements                              3

          Consolidated Balance Sheets - March 31, 2003 and December 31,
          2002                                                                 4

          Consolidated Statements of Operations for the Three Months Ended
          March 31, 2003 and 2002, and for the period December 31, 1993
          (Quasi-Reorganization) Through March 31, 2003                        5

          Consolidated Statements of Stockholders' Equity for the Period
          December 31, 1993 (Quasi-Reorganization) Through March 31, 2003      6

          Consolidated Statements of Cash Flows for the three months Ended
          March 31, 2003 and 2002, and for the period December 31, 1993
          (Quasi-Reorganization) Through September 30, 2001                    8

          Notes to Consolidated Financial Statements                           9

          Item 2.  Management's Discussion and Analysis of Financial
          Condition or Plan of Operation                                      11

          Item 3.     Controls and Procedures                                 12

PART II.  Other Information

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

          Signatures                                                          13
</TABLE>

(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>

<TABLE>
<CAPTION>


                        FRAMEWAVES, INC. AND SUBSIDIARY

                          (A Development Stage Company)

                          CONSOLIDATED BALANCE SHEETS

                      MARCH 31, 2003 AND DECEMBER 31, 2002


                                            March 31,    December 31,
                                              2003           2002
                                           -----------  --------------
<S>                                        <C>          <C>
 Assets
-----------------------------------------

Current Assets:
  Cash. . . . . . . . . . . . . . . . . .  $    2,078   $       2,090
                                           -----------  --------------

      Total current assets. . . . . . . .       2,078           2,090
                                           -----------  --------------

      Total Assets. . . . . . . . . . . .  $    2,078   $       2,090
                                           ===========  ==============


Liabilities and Stockholders' Equity
-----------------------------------------

Current Liabilities:
Accounts payable. . . . . . . . . . . . .  $    3,825   $       1,626
                                           -----------  --------------

      Total current liabilities . . . . .       3,825           1,626
                                           -----------  --------------


Stockholders' Equity:
  Common stock, $.001 par value
    100,000,000 shares
    authorized, 1,208,994
    issued and outstanding. . . . . . . .       1,209           1,209
  Additional paid-in capital. . . . . . .      26,983          26,983
  Deficit accumulated during the
    development stage . . . . . . . . . .     (29,939)        (27,728)
                                           -----------  --------------

      Total Stockholders' Equity. . . . .      (1,747)            464
                                           -----------  --------------

      Total Liabilities and Stockholders'
        Equity. . . . . . . . . . . . . .  $    2,078   $       2,090
                                           ===========  ==============
</TABLE>

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


                                        4
<PAGE>

<TABLE>
<CAPTION>


                        FRAMEWAVES, INC. AND SUBSIDIARY

                          (A Development Stage Company)

                      CONSOLIDATED STATEMENTS OF OPERATIONS

               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002


                                                       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,
                            2003            2002             2003
                       --------------  --------------  ----------------
<S>                    <C>             <C>             <C>


Revenues. . . . . . .  $          --   $          --   $         1,267

Expenses, general
  and administrative.          2,211               9            31,206
                       --------------  --------------  ----------------

  Operating loss. . .         (2,211)             (9)          (29,939)

Other income
  (expense) . . . . .             --              --                --
                       --------------  --------------  ----------------

  Net Loss. . . . . .  $      (2,211)  $          (9)  $       (29,939)
                       ==============  ==============  ================

Net loss per share. .  $          --   $          --   $          (.02)
                       ==============  ==============  ================
</TABLE>

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


                                        5
<PAGE>

<TABLE>
<CAPTION>


                        FRAMEWAVES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
  FOR THE PERIOD DECEMBER 31, 1993 (Quasi - Reorganization) THROUGH MARCH 31, 2003

                                                                              Deficit
                                                                            Accumulated
                                                             Additional     During  the
                                      Common  Stock          Paid-in        Development
                                  ----------------------
                                     Shares   Amount         Capital           Stage
                                  ---------  -----------  ---------------  -------------
<S>                               <C>        <C>          <C>              <C>

Balance, December 31, 1993 . . .     65,600  $     66      $       (66)     $     --

Net loss accumulated for
  the period December 31, 1993
  (quasi-reorganization)
  through December 31, 2000. . .         --        --               --        (16,379)

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. .     42,969        43              (43)            --
                                  ---------  -----------  ---------------  -------------

Balance, December 31, 2000 . . .  1,208,569     1,209            19,518       (16,379)
</TABLE>

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


                                        6
<PAGE>

<TABLE>
<CAPTION>


                        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, 2003


                                                                 Deficit
                                                                 Accumulated
                                                    Additional   During  the
                                   Common  Stock    Paid-in      Development
                                 -----------------
                                 Shares    Amount   Capital      Stage
                               ---------  --------  ----------  ------------
<S>                            <C>        <C>       <C>         <C>
Common stock issued due to
  stock split adjustment. . .        425        --          --           --

Contribution by shareholder
  for Company expenses paid
  directly by shareholder . .         --        --       2,121           --

Net loss for the year ended
   December 31, 2001. . . . .         --        --          --        (5,983)
                               ---------  --------  ----------  -------------

Balance, December 31, 2001. .  1,208,994     1,209      21,639       (22,362)

Contribution by shareholder
  for Company expenses paid
  directly by shareholder . .         --        --       5,344           --

Net loss for the year
  ended December 31, 2002 . .         --        --          --       (5,366)
                               ---------  --------  ----------  -------------

Balance, December 31, 2002. .  1,208,994     1,209      26,983      (27,728)

Net loss for the three months
  ended March 31, 2003. . . .         --        --          --       (2,211)
                               ---------  --------  ----------  -------------

Balance, March 31, 2003 . . .  1,208,994  $  1,209     $26,983      $(29,939)
                               =========  ========  ==========  =============
</TABLE>

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


                                        7
<PAGE>

<TABLE>
<CAPTION>


                        FRAMEWAVES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002


                                                                      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,
                                           2003            2002            2003
                                      --------------  --------------  ----------------
<S>                                   <C>             <C>             <C>

Cash flows from
  operating activities:
  Net loss . . . . . . . . . . . . .  $      (2,211)  $          (9)  $       (29,939)

Adjustments to
  reconcile net income to cash
  provided by operating activities:
    Contribution from
      shareholder. . . . . . . . . .             --              --            17,282
    Common stock issued
      for services . . . . . . . . .             --              --             5,000
    Increase in
      accounts payable . . . . . . .          2,199              --             3,825
                                      --------------  --------------  ----------------

  Net cash used
    by operating
    activities:. . . . . . . . . . .            (12)             (9)           (3,832)
                                      --------------  --------------  ----------------

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 (decrease)  in cash               (12)             (9)              2,078

Cash, beginning of period. . . . . .          2,090           2,127                --
                                      --------------  --------------  ----------------

Cash, end of period. . . . . . . . .  $       2,078   $       2,118   $         2,078
                                      ==============  ==============  ================

Interest paid. . . . . . . . . . . .  $          --   $          --   $            --
                                      ==============  ==============  ================

Income taxes paid. . . . . . . . . .  $          --   $          --   $            --
                                      ==============  ==============  ================
</TABLE>

    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 CONTINUED


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
          "fresh  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.

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 "fresh 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.


                                        9
<PAGE>

                         FRAMEWAVES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


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 43,394 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, 2003, 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,
          2003,  there  are  no  options  or warrants outstanding to acquire the
          Company's  common  stock.

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.


                                       10
<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.

DESCRIPTION  OF  BUSINESS

HISTORY

FrameWaves,  Inc.  (the  "Company"  or "FrameWaves") was originally incorporated
under  the  name of Messidor Limited on December 23, 1985 as a development stage
company  for  the purpose of engaging in all lawful transactions permitted under
the State of Nevada, including the acquisition of various business opportunities
to  provide  profit  and  maximize  shareholder  value.

On  December  27,  2000,  the  shareholders,  at  a special meeting, changed the
Company's  name from Messidor Limited to FrameWaves, Inc.  The shareholders also
approved  the  acquisition  of  Corners, Inc. ("Corners"), a Nevada corporation,
whereby the Company exchanged 1,000,000 shares of the Company's common stock for
all  of  Corner's  issued  and  outstanding shares of common stock.  Corners had
incorporated  on  November  17,  1998  in  the State of Nevada to provide custom
framing for interior designers in conjunction with business contacts provided by
Corners'  officers  and directors.  Since its inception, Corners has had limited
operations  due  to its officers' and directors' other obligations, however, the
officers  and  directors  have  maintained  their business contacts with certain
interior  designers.  FrameWaves  intends  to  use  Corners  as  an  operating
subsidiary and actively pursue the custom framing business by utilizing Corners'
business contacts to procure contracts for future operations, and to engage in a
comprehensive  and  aggressive marketing campaign, including but not limited to,
soliciting  unknown  but  potential  business  contacts through direct mailings,
media,  and  other  mediums  that  will  generate  leads to contracts for future
operations

PRINCIPAL  PRODUCTS  AND  SERVICES

FrameWaves principal product and service consists of providing customized frames
to  interior  designers  and  retail  consumers.  This  will  be accomplished by
interfacing  directly  with designers and consumers where they will be presented
with  a  selection of FrameWaves' materials and styles in order to determine the
type and quality of frame desired.  FrameWaves will then customize frames to the
clients'  specifications.  Such  customization  might  entail  the  ordering,
designing,  manufacturing,  or  the  subcontracting of work in order to meet the
clients' needs.  This product and service will allow FrameWaves to be a complete
and  professional  supplier  of  customized frames to the interior designers and
retail  customers.  However,  the  Company  is  a development stage company with
sporadic  operations  and  has  yet  to establish any significant contracts with
frame  suppliers,  interior  designers  or  retail  consumers.


                                       11
<PAGE>

MARKETING

FrameWaves  intends  to market its product and service to interior designers and
retail  consumers  through  established  business  contacts  of the officers and
directors,  direct  mailing  program  targeting  interior designers, and word of
mouth.  FrameWaves might also market its products and services by advertising in
widely  distributed  magazines  that  Management  considers  influential  among
designers  and consumers. These advertisements will focus on FrameWaves' ability
to  be  a complete and professional supplier of customized frames.  However, the
Company  is  in  its development stage and has not yet launched any of the above
marketing  strategies,  and there is no assurance that such marketing strategies
will  be  launched  in  the  future.  Additionally,  the  Company cannot predict
whether  it will, in the future, be dependent upon one or a few major customers.

RESULT  OF  OPERATIONS,  THREE  MONTH  PERIODS  ENDED  MARCH  31,  2003 AND 2002

The  Company had no revenue for the three-month periods ended March 31, 2003 and
2002.

General  and  administrative expenses for the three month period ended March 31,
2003  were  $2,211  compared to general and administrative expenses of $9 during
the  three months ended March 31, 2002.  Expenses consisted of general corporate
administration,  legal and professional fees, and accounting and auditing costs.
As  a result of these factors, the Company realized a net loss of $2,211 for the
three months ended March 31, 2003 and a net loss $9 for the comparable period in
2002.  Cumulative  net  loss  from  quasi  reorganization  on  December 31, 1993
through  March  31,  2003  was  $29,939.

LIQUIDITY  AND  CAPITAL  RESOURCES

At  March  31,  2003,  the  Company's  total assets consisted of $2,078 in cash.
Total  current  liabilities  at  March  31, 2003 consisted of $3,825 in accounts
payable.  At  December  31,  2002,  the Company had assets of $2,090 in cash and
liabilities  of  $1,626  in  accounts  payable.

The  Company has no material commitments for the next twelve months and 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.

ITEM  3.  CONTROLS  AND  PROCEDURES

Within  the  90-day  period  prior  to the date of this report, we evaluated the
effectiveness  and  operation of our disclosure controls and procedures pursuant
to  Rule  13a-14  of  the  Securities  Exchange  Act  of  1934.  Based  on  that
evaluation,  our  Chief  Executive  Officer  and  Chief  Financial  Officer have
concluded that our disclosure controls and procedures are effective.  There have
been  no  significant  changes  in internal controls or other factors that could
significantly affect internal controls subsequent to the date we carried out our
evaluation.


                                       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  September  30,  2002.


<TABLE>
<CAPTION>

Exhibits:

EXHIBIT NUMBER  TITLE                                                   LOCATION
<C>             <S>                                                     <C>

          99.1    Certification of Chief Executive Officer pursuant to  Attached
                section 302 of the Sarbanes-Oxley Act of 2002

          99.2    Certification of Chief Financial Officer pursuant to  Attached
                section 302 of the Sarbanes-Oxley Act of 2002

          99.3    Certification of Chief Executive Officer pursuant to  Attached
                section 906 of the Sarbanes-Oxley Act of 2002

          99.4    Certification of Chief Financial Officer pursuant to  Attached
                section 906 of the Sarbanes-Oxley Act of 2002
</TABLE>

                                   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  5,  2003               By: /s/ Thomas  A.  Thomsen
                                   ---------------------------
                                   Thomas  A.  Thomsen
                                   President  and  CEO




Date:  May  5,  2003               By: /s/ Susan Santage
                                   -------------------------
                                   Susan  Santage
                                   Chief  Financial  Officer


                                       13
<PAGE>







</TEXT>
</DOCUMENT>
