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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000899243-01-500174.txt : 20010426
<SEC-HEADER>0000899243-01-500174.hdr.sgml : 20010426
ACCESSION NUMBER:		0000899243-01-500174
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010331
FILED AS OF DATE:		20010425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALCASIEU REAL ESTATE & OIL CO INC
		CENTRAL INDEX KEY:			0000352955
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				720144530
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		
		SEC FILE NUMBER:	000-09669
		FILM NUMBER:		1610795

	BUSINESS ADDRESS:	
		STREET 1:		3401 RYAN ST P O BOX 899
		CITY:			LAKE CHARLES
		STATE:			LA
		ZIP:			70602
		BUSINESS PHONE:		3184944256

	MAIL ADDRESS:	
		STREET 1:		P O BOX 899
		CITY:			LAKE CHARLES
		STATE:			LA
		ZIP:			70602
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>d10q.txt
<DESCRIPTION>FOR PERIOD ENDED 3/31/01
<TEXT>

<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington. D.C.  20549

                                   FORM 10-Q

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

       FOR QUARTER ENDED MARCH 31, 2001    COMMISSION FILE NUMBER 0-9669

                     CALCASIEU REAL ESTATE & OIL CO., INC.
             (Exact name of registrant as specified in its charter)

               Louisiana                            72-0144530
    (State or other jurisdiction of              (I.R.S. Employer
    incorporation or organization)              Identification No.)

                  One Lakeside Plaza
                    Lake Charles, LA                  70601
        (Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code:  (337) 494-4256

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                             Yes [x]       No [_]

          Securities registered pursuant to Section 12(b) for the Act:

     TITLE OF EACH CLASS                   NAME OF EACH EXCHANGE
                                           ON WHICH REGISTERED
                                           -------------------

         None                                Not Applicable

          Securities registered pursuant to Section 12(g) of the Act:

                           COMMON STOCK, NO PAR VALUE
                                (Title of Class)

                        _______________________________

As of March 31, 2001, 1,951,446 shares of the registrant's Common Stock, without
par value, were issued and outstanding.

                                       1
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                 FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2001


                               TABLE OF CONTENTS


Part I    FINANCIAL INFORMATION                                     PAGE NO.
- ------    ---------------------                                     --------

          Management's Discussion and Analysis of Financial
          Condition and Results of Operations                            3

          Balance Sheets
          March 31, 2001 and March 31, 2000                            4-5

          Statements of Income and Retained Earnings
          Three Months Ended March 31, 2001 and March 31, 2000           6

          Statements of Cash Flows
          Three Months Ended March 31, 2001 and March 31, 2000           7

PART II   OTHER INFORMATION
- -------   -----------------

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

          SIGNATURES                                                     8


          REFERENCE IS MADE TO THE NOTES TO FINANCIAL STATEMENTS CONTAINED IN
          THE COMPANY'S ANNUAL REPORT ON FORM 10
          ____________________________________________________________

          THE INFORMATION FURNISHED IS NOT IN CONNECTION WITH ANY SALE OR OFFER
          FOR SALE OF, OR SOLICITATION OF AN OFFER TO BUY, ANY SECURITIES.

                                       2
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                                     PART I

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

Total revenues for the Company for the quarter ended March 31, 2001, were down
19.3% or $112,963 from the first quarter of 2000.  This was due to a decease in
oil and gas production from the North English Bayou Field offset partially by
higher prices and no timber income for the period.  The lack of timber income
was due to the weather and adequate inventories at area timber mills.  Expenses
were down 10.1% primarily caused by lower forestry expenses and oil and gas
production costs.  General and administrative expenses were up 13.4% due almost
entirely to higher insurance expense, legal fees and franchise tax.  Net income
after taxes decreased 17.5% from the same period last year.

Management believes that the company's revenues will be sufficient to meet its
existing needs and the needs for its anticipated future operations.  Long-term
trends will depend upon the ability of management to continue to find new
production to replace the depletion of the company's present minerals as well as
increasing the Company's income from timber and agriculture.

                                       3
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                                 BALANCE SHEET

                                    ASSETS
<TABLE>
<CAPTION>

CURRENT ASSETS                             March 31, 2001   March 31, 2000
<S>                                     <C>              <C>
Cash and cash equivalents                   $  947,757       $  915,267
Accounts receivables                           216,703          182,521
                                            ----------       ----------
Total Current Assets                        $1,164,460       $1,097,788
                                            ----------       ----------
SECURITIES AVAILABLE FOR SALE               $  873,901       $   76,267
                                            ----------       ----------
PROPERTY AND EQUIPMENT,
Less accumulated depreciation,
    depletion and amortization.             $   95,353       $   97,313

Timber, less accumulated depletion             421,280          483,697
Land                                         3,615,900        3,615,791
                                            ----------       ----------
Total Property                              $4,132,533       $4,196,801
                                            ----------       ----------
TOTAL                                       $6,170,894       $5,370,856
                                            ----------       ----------
</TABLE>

                                       4
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                                 BALANCE SHEET

                      LIABILITIES & STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>

CURRENT LIABILITIES                         March 31, 2001   March 31, 2000
<S>                                         <C>              <C>

Trade payables and accrued expenses          $   24,480       $   23,615
Dividends payable                                97,981
Current deferred tax liability, net              35,560           20,173
Income taxes payable                             42,098          171,509
                                             ----------       ----------
Total Current Liabilities                    $  200,119       $  215,297
                                             ----------       ----------

SHAREHOLDERS' EQUITY

Common Stock, no par value,
3,000,000 shares  authorized; 2,100,000
 shares issued                               $   72,256       $   72,256
Retained earnings                             6,173,482        5,284,174
Accumulated other comprehensive income           31,866           12,086
                                             ----------       ----------
                                             $6,277,604       $5,368,516

Less cost treasury stock (2000 - 125,648
 shares; 2001 - 144,956 shares)                 306,829          212,957
                                             ----------       ----------
Total Equity                                 $5,970,775       $5,155,559
                                             ----------       ----------
TOTAL                                        $6,170,894       $5,370,856
                                             ----------       ----------
</TABLE>

                                       5
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                  STATEMENTS OF INCOME AND RETAINED EARNINGS
<TABLE>
<CAPTION>


                                                  Three Months Ended    Three Months Ended
                                                    March 31, 2001        March 31, 2000
<S>                                               <C>                   <C>
REVENUES
Income-primarily from oil and gas properties              $  420,974            $  480,492
Income-agricultural properties                                51,916                55,693
Income-timber properties                                         142                49,810
                                                          ----------            ----------
Total                                                     $  473,032            $  585,995
                                                          ----------            ----------
COSTS AND EXPENSES
Forestry expenses                                         $    3,874            $   14,717
Agriculture expense                                            2,561                 2,743
Oil and gas production costs                                  19,987                27,765
General and administrative                                    76,549                67,476
Depreciation and depletion                                     1,757                 3,741
                                                          ----------            ----------
Total                                                     $  104,728            $  116,442
                                                          ----------            ----------
OTHER INCOME (EXPENSE):
Interest income                                           $    9,289            $    6,663
Dividends on common stock                                      6,204                 2,159
                                                          ----------            ----------
Total                                                     $   15,493            $    8,822
                                                          ----------            ----------
INCOME BEFORE INCOME TAXES AND
EXTRAORDINARY CREDITS                                     $  383,797            $  478,375
                                                          ----------            ----------
PROVISION FOR INCOME TAXES:
Current                                                   $  116,976            $  154,902
Deferred
                                                          ----------            ----------
Total                                                     $  116,976            $  154,902
                                                          ----------            ----------
NET INCOME                                                $  266,821            $  323,473

RETAINED EARNINGS, BEGINNING OF PERIOD                     6,004,642             5,059,618

DIVIDENDS DECLARED                                           (97,981)              (98,917)
                                                          ----------            ----------
RETAINED EARNINGS END OF PERIOD                           $6,173,482            $5,284,174
                                                          ----------            ----------

Earnings per share                                              $.14                  $.16

</TABLE>

                                       6
<PAGE>

                     CALCASIEU REAL ESTATE & OIL CO., INC.

                           STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>

                                                               Three Months Ended    Three Months Ended
                                                                 March 31, 2001        March 31, 2000
<S>                                                            <C>                   <C>
CASH FLOWS FROM OPERATING
ACTIVITIES
Net income                                                          $ 266,821             $ 323,473
Non cash (income) expenses included in net income:
Depreciation, depletion and amortization                                1,757                 3,741
Change in assets and liabilities:
(Increase) decrease in accounts receivable                            (87,483)              270,434
(Increase) decrease in inventory                                        4,427                10,281
(Increase) decrease in prepaid expenses                                 3,309                   674
(Increase) decrease in prepaid income taxes                            74,878
Increase (decrease) in trade payable                                    9,398                12,471
Increase (decrease) in income tax payable                              42,098                20,227
                                                                    ---------             ---------
Net cash provided by operating activities                           $ 315,205             $ 641,301
                                                                    ---------             ---------

CASH FLOWS FROM
INVESTING ACTIVITIES:
Maturity of securities available for sale                           $ 196,822
Reforestation expenditures                                             (6,829)
                                                                    ---------
                                                                    $ 189,993
                                                                    ---------

CASH FLOWS FROM
FINANCING ACTIVITIES:
Dividends paid                                                      $(195,504)            $(197,855)
                                                                    ---------             ---------
Net cash provided by (used in) financing activities                 $(195,504)            $(197,855)
                                                                    ---------             ---------

Net increase (decrease) in cash and cash equivalents:               $ 309,694             $ 443,446
Cash and cash equivalents:
Beginning                                                             638,063               471,821
                                                                    ---------             ---------
Ending                                                              $ 947,757             $ 915,267
                                                                    ---------             ---------

</TABLE>

                                       7
<PAGE>

                    CALCASIEU REAL ESTATE & OIL CO., INC.

                           PART II OTHER INFORMATION


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

          (A)  Exhibits

               None

          (B)  Reports on Form 8-K

               None


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the under-
signed thereunto duly authorized.



                         CALCASIEU REAL ESTATE & OIL CO., INC.
                                   (Registrant)

                         /s/ Arthur Hollins, III
                         __________________________________________
                         Arthur Hollins, III
                         President


                         /s/ Charles D. Viccellio
                         __________________________________________
                         Charles D. Viccellio
                         Vice-President and Secretary


Dated April 23, 2001

                                       8
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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