This space intentionally left blank Formatting: .5 Left, .5 Right, .5 Top and .6 Bottom Start UNITED STATES 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 Quarter Ended Dec 31, 2000 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-26067 EAGLES NEST MINING COMPANY (Exact name of small business issuer as specified in its charter) Idaho 87-0571300 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 253 Ontario #1, P.O. Box 3303, Park City, Utah 84060 (Address of principal executive offices) Registrant's telephone no., including area code: (435) 649-5060 Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 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 APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date. Class Outstanding as of December 31, 2000 Common Stock, no par value 1,392,700 TABLE OF CONTENTS Heading Page PART I. FINANCIAL INFORMATION Item 1. Financial Statements . . . . . . . . . . . . . . . . . . 3 Balance Sheets 4 Statements of Operations . . . . . . . . . . . . . . 5 Statements of Stockholders Equity 6 Statements of Cash Flows . . . . . . . . . . . . 7 Notes to Financial Statements . . . . . . . . . . . . . 8 PART II. OTHER INFORMATION Item 1. Legal Proceedings. . . . . . . . . . . . . . . . . . . . 9 Item 2. Changes In Securities. . . . . . . . . . . . . . . . . . 9 Item 3. Defaults Upon Senior Securities. . . . . . . . . . . . . 9 Item 4. Submission of Matters to a Vote of Securities Holders . . . . . . . . . . . . . . . . . . 9 Item 5. Other Information. . . . . . . . . . . . . . . . . . . . 9 Item 6. Exhibits and Reports on Form 8-K . . . . . . . . . . . . 9 SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . 10 EX-27 Financial Data Schedule 10 Eagles Nest Mining Company A Development Stage Company Balance Sheet (Unaudited) Dec 31, 2000 and 1999 2000 1999 ------- ------- Assets Current Assets Total Current Assets $0 $0 ---------- ---------- 0 0 ---------- --------- Liabilities and Stockholders' Equity Current Liabilities Due to Stockholder 3,200 0 ---------- ---------- Total Current Liabilities 3,200 0 ---------- ---------- Total Liabilities 3,200 0 ---------- ---------- Stockholders' Equity Common Stock: 10,000,000 Shares, No Par Stock Authorized, 1,392,700 Shares Issued and Outstanding 8,970 8,970 Deficit Accumulated During The Development Stage (12,170) (8,970) ---------- ---------- Total Stockholders' Equity (Deficit) (3,200) 0 ---------- ---------- Total Liabilities and Stockholders' Equity $0 $0 ========== ==========

The Accompanying "Notes to Financial Statements" Are An Integral Part of These Financial Statements Eagles Nest Mining Company A Development Stage Company Statement of Operations Unaudited From For Three Inception Months Ended September 14, 1987 December 31 to December 31, Revenues 2000 1999 2000 ------- ------- ------- Net Revenues $0 $0 $0 Expenses 0 170 12,170 ------- --------- ---------- Net Income (Loss) 0 (170) (12,170) ------- --------- ---------- Net Income (Loss) Per Share Common Stock $0 $0 $0 Weighted Average Number of Shares Outstanding 1,392,700 1,392,700 587,300

The Accompanying "Notes to Financial Statements Are An Integral Part of These Financial Statement Eagles Nest Mining Company A Development Stage Company Statement of Stockholders' Equity Unaudited Deficit Accumulated Common Stock Since Shares Amount Sept. 14, 1987 Common Stock Issued September 14, 1987 302,200 $3,220 Net Loss for the Year Ended September 30, 1987 0 0 ($3,220) -------- -------- -------- Balance September 30, 1987 302,200 3,220 (3,220) Common Stock Issued in 1988 500 50 Net Loss for the Year Ended September 30, 1988 0 0 (50) -------- -------- -------- Balance September 30, 1988 302,700 3,270 (3,270) Net Loss for the Year Ended September 30, 1989 0 0 0 -------- -------- -------- Balance September 30, 1989 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1990 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1991 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1992 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1993 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1994 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1995 302,700 3,270 (3,270) Net Changes for the Year Ended September 30, 0 0 0 -------- -------- -------- Balance September 30, 1996 302,700 3,270 (3,270) Common Stock Issued August 28, 1997 1,000,000 5,000 0 Net Loss for the Year Ended September 30, 1997 0 0 0 -------- -------- -------- Balance September 30, 1998 1,302,700 8,270 (3,270) Common Stock Issued November 12, 1997 90,000 450 0 Additional Paid in Capital 250 0 Net Loss for the Year Ended September 30, 1998 0 0 (5,506) -------- -------- -------- Balance September 30, 1998 1,392,700 8,970 (8,776) Net (Loss) for Year Ended September 30, 1999 0 0 (194) -------- -------- --------

Eagles Nest Mining Company A Development Stage Company Statement of Stockholders' Equity (Continued) (Unaudited) Balance September 30, 1999 1,392,700 8,970 (8,970)Net Net (Loss)for Year Ended September 30, 2000 0 0 (3,200) ---------- ------- --------- Balance September 30, 2000 1,392,700 8,970 (12,170) Net Change for Three Months Ended December 31, 2000 0 0 0 ---------- -------- --------- Balance December 31, 2000 1,392,700 ($8,970) ($12,170) The Accompanying "Notes to =========== ========= ========== Financial Statements" Are An Integral Part of These Financial Statements

Eagles Nest Mining Company A Development Stage Company Statement of Cash Flows Unaudited From Three Months Ended Inception December 31, 2000 Sept.14,1987 2000 1999 December 31, 2000 Cash Flows From Operating Activities Net (Loss) ($0) ($170) ($12,170) Adjustments to Reconcile Net Income (Loss) to Net Cash Used In Operations Non Cash Expenses 0 0 6,650 --------- --------- --------- Net Cash Provided (Used) By Operations (0) (170) (5,520) --------- --------- --------- Cash Flows From Investing Activity 0 0 0 --------- --------- --------- Cash Flows From Financing Activity Common Stock Issued For Cash 0 0 5,270 Additional Paid In Capital 0 0 250 --------- --------- --------- Cash Flows From Financing Activities 0 0 5,520 --------- --------- --------- Net Cash Increase (Decrease) 0 (170) 0 Cash Balance Beginning 0 170 0 --------- --------- --------- Cash Balance Ending $0 $0 $0 ========= ========= =========

The Accompanying "Notes to Financial Statements" Are An Integral Part of These Financial Statements Eagles Nest Mining Company A Development Stage Company Notes to Financial Statements Unaudited Note 1 - Organization and History The Company was organized in the State of Idaho on September 14, 1987. The Company has not begun operations and has been dormant since its organization. Cash - Cash consist of cash and demand deposits. Accounting Method and Financial Statements - The Company has been dormant since its inception with its only transactions consisting of stock sales and administrative services. Income Tax - The Company does not have a tax asset or liability. The Company has a net operating loss carryover of $5,520 which has been offset by a valuation account. Should the Company commence operations the net operating loss would be usable and would expire as follows: Year Loss 2002 $220 2003 50 2018 5,056 2019 194 Total $5,520 Net (Loss) Per Share - Net Income (Loss) per share is calculated by dividing net income (Loss) by the weighted average number of shares of common outstanding during the period. Development Stage Company - The Company is classified as a development stage company as it is dormant and planned principle operations have not commenced. Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect that amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. Note 2 - Common Stock Issued for Services 390,000 shares of unregistered common stock was issued to certain directors of the corporation as compensation for services rendered. Information regarding this issue is as follows: 1. The 300,000 shares were issued on September 17, 1987 and 90,000 shares were issued on November 12, 1997. 2. The stock was issued for administrative services rendered to the corporation. 3. The value of the services rendered is as follows: A. 300,000 shares issued September 17, 1987 was $3,000.00. B. 90,000 shares issued November 12, 1997 was $450.00. Note 3 - Going Concern The Company's financial statements have been presented on the basis that it is a going concern which contemplated the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage and has not earned any revenues from operations. The Company's ability to continue as a going concern is dependent upon its ability to develop additional sources of capital or located a merge candidate and ultimately, achieve profitable operation. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. Management is seeking new capital to revitalize the company. Note 4 - Supplement Cash Flow Disclosure 2000 1999 Interest Paid 0 0 Income Tax Paid 0 0 PART II Item 1. Legal Proceedings There are presently no other material pending legal proceedings to which the Company or any of its subsidiaries is a party or to which any of its property is subject and, to the best of its knowledge, no such actions against the Company are contemplated or threatened. Item 2. Changes In Securities This Item is not applicable to the Company. Item 3. Defaults Upon Senior Securities This Item is not applicable to the Company. Item 4. Submission of Matters to a Vote of Security Holders This Item is not applicable to the Company. Item 5. Other Information This Item is not applicable to the Company. Item 6. Exhibits and Reports on Form 8-K a. Reports on Form 8-K b. Exhibit 27 - Financial Data Schedules No report on Form 8-K was filed by the Company during the three month period ended December 31, 2000. SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. EAGLES NEST MINING COMPANY Date: February 12, 2001 By: /S/ J. Rockwell Smith J. Rockwell Smith C.E.O., President and Director Date: February 12,2001 By: /S/ Jim Ruzicka Jim Ruzicka Secretary/Treasurer, and Director (Principal Accounting Officer)

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