NumberTable of Shares Percentage of Name and Address of Common Stock Common Stock of Owner Owned Owned ---------------- ---------------- ------------- Morgan & Lynch, Inc. 8,500,000 85% 1900 Avenue of the Stars Suite 1635 Los Angeles, CA 90067 Roy Rayo 0 0% 1900 Avenue of the Stars Suite 1635 Los Angeles, CA 90067 Claudine Montenegro 0 0% 1900 Avenue of the Stars Suite 1635 Los Angeles, CA 90067 All officers and directors as a group [2 individuals] 0 0%Contents

~~PAGE ---- INDEPENDENT AUDITORS' REPORT~~U.S.~~..............................................~~ 1SECURITIES ~~CONSOLIDATED~~AND ~~BALANCE~~EXCHANGE ~~SHEET..................................................~~COMMISSION Washington ~~2-3 CONSOLIDATED STATEMENT OF OPERATIONS~~D.C.~~......................................~~ 4 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY.............................. 5 CONSOLIDATED STATEMENT OF CASH FLOWS........................................ 6 NOTES TO FINANCIAL STATEMENTS............................................... 7-1220549

~~ADDITIONAL~~FORM ~~PAID~~8-IN ACCUMULATED SHARES AMOUNT CAPITAL DEFICIT TOTAL ------ ------ ------------ ------------ ---------- Beginning balance 0 $ 0 $ 0 $ 0 $ 0 Stocks issued for cash on August 31, 2000 500,000 500 499,500 500,000 Net loss, June 27, 2000 to August 31, 2000 (490,916) (490,916) Minority interests in subsidiary's deficit 127,913 127,913 --------- --------- --------- --------- --------- Ending balance August 31, 2000 500,000 $ 500 $ 499,500 $(363,003) $ 136,997 ========= ========= ========= ========= =========K

~~PAGE~~CURRENT ~~---- INDEPENDENT AUDITORS'~~ REPORT~~......................................................~~ Pursuant 1to ~~ASSETS............................................................................~~Section 13 2or ~~LIABILITIES~~15(d) ~~AND~~of ~~STOCKHOLDERS'~~the Securities ~~EQUITY..............................................~~Exchange 3Act ~~STATEMENT~~of OF OPERATIONS........................................................... 4 STATEMENT OF STOCKHOLDERS' EQUITY................................................. 5 STATEMENT OF CASH FLOWS........................................................... 6 NOTES TO FINANCIAL STATEMENTS..................................................... 7-111934

~~ADDITIONAL COMMON STOCK PAID-IN ACCUMULATED SHARES AMOUNT CAPITAL DEFICIT -------- -------- ----------- ------------ INCEPTION AT JUNE 27~~October 15, ~~2000~~2001 Date 0of $Report ~~0 $ 0 $ 0 Stocks issued for cash on August 31, 2000 500,000 500 499,500 Net loss, June 27, 2000 to August 31, 2000~~ (~~11,840)~~Date ~~--------~~of ~~--------~~earliest ~~--------~~event ~~-------- BALANCE, AUGUST 31, 2000 500,000 $ 500 $499,500 $(11,840~~reported) ~~======== ======== ======== ========~~

~~DATE~~CREATIVE OFTECHNOLOGIES ~~PURCHASE DESCRIPTION ACQUISITION COST ---------------- ----------- ---------------- August 21~~HOLDINGS, ~~2000~~INC. (Name ~~14,000,000~~of ~~shares,~~Small ~~common~~Business ~~stock~~Issuer ~~$ 4,354,000 August 31, 2000 666,666 shares, common stock 7,000 ----------- Total investment~~ in ~~subsidiary~~its ~~$ 4,361,000 ===========~~charter)

PAGE ---- INDEPENDENT AUDITORS" REPORT............................................... 1 ASSETS..................................................................... 2 LIABILITIES AND STOCKHOLDERS" EQUITY....................................... 3 STATEMENT OF OPERATIONS.................................................... 4 STATEMENT OF STOCKHOLDERS" EQUITY.......................................... 5 STATEMENT OF CASH FLOWS.................................................... 6 NOTES TO FINANCIAL STATEMENTS.............................................. 7-10


Nevada		88-0409146
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

ADDITIONAL COMMON STOCK PAID-IN ACCUMULATED SHARES AMOUNT CAPITAL DEFICIT ----------- ---------- ----------- ------------ INCEPTION AT MAY 19, 2000 0 $ 0 $ 0 $ 0 Stocks issued for cash and promissory note on August 31, 2000 14,000,000 140,000 4,214,000 Stocks issued for services on August 30, 2000 4,000,000 40,000 Stocks issued for services on August 30, 2000 2,000,000 20,000 1,000 Net loss, May 19, 2000 to August 31, 2000 $ (479,076) ---------- ---------- ---------- ---------- BALANCE, AUGUST 31, 2000 20,000,000 $ 200,000 $4,215,000 $ (479,076) ========== ========== ========== ==========


1800 Century Park East, Suite 600
Los Angeles, California		90067
(Address of principal executive offices)		(Zip code)

~~Payment~~Not ~~Date~~Applicable (Former ~~Amount~~name ~~------------~~or ~~------~~former ~~September 15~~address, ~~2000~~if $changed ~~300,000~~since ~~October~~last 15, 2000 305,000 November 15, 2000 305,000 December 15, 2000 300,000 January 15, 2001 760,000 February 15, 2001 800,000 March 15, 2001 785,000 April 15, 2001 140,000 May 15, 2001 135,000 ----------- Total $ 3,830,000 ===========report)

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Item 5. Other Events.
SIGNATURES

Item 5. Other Events.

On October 15, 2001, the Board of Directors of Creative Technologies Holdings, Inc., (“the Company”) accepted the resignations of Valentino Guzman, Secretary, and Chris Albornoz, Treasurer. On the same day, the Board of Directors by unanimous consent appointed Roy Rayo as Secretary and Moises Villanueva as Treasurer effective October 15, 2001.

Mr. Moises Villanueva, Treasurer, is a Certified Public Accountant and an attorney. From 1998 to the present, he serves as tax manager for the accounting firm, Laya Mananghaya & Co. In 1997 and 1998, he was Senior Manager at Joaquin Cunanan & Co. He was tax partner at Diaz Murillo Dalupan from 1996 to 1997.

Mr. Roy Rayo is the new Secretary of the Company. From September 1997 through May 2000, Mr. Rayo was an associate attorney at SyCip Salazar Hernandez & Gatmaitan in Makati City, Metro Manila, Philippines, where he assisted in prosecution and maintenance of trademark applications and registrations. From April through August 1997, Mr. Rayo was a law clerk in the Circuit Court of the Second Circuit in Maui, Hawaii. From January through March 1997, Mr. Rayo was a Legal Analyst at the House of Representatives for the State of Hawaii. From June through July 1994, Mr. Rayo was an intern at the United Nations Economic and Social Commission for Asia and the Pacific, Bangkok, Thailand.

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 undersigned hereunto duly authorized.


Date: October 31, 2001	CREATIVE TECHNOLOGIES HOLDINGS, INC.









	By:	/s/ Chris Albornoz Chris Albornoz President

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