================================================================================== Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================== 6. 5. Owner- Amount of ship Securities Form: 7. 3. 4. Beneficially Direct Nature of 1. 2. Transaction Securities Acquired (A) or Owned at End (D) or Indirect Title of Transaction Code Disposed of (D) of Month Indirect Beneficial Security Date (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V and 4) (Instr.4) (Instr. 4) (A) or Amount (D) Price --------------------------------------------------------------------------------------------------------------------------------- Common Stock 08/08/01 P 225,000 A 2.007 I By Bisell Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/08/01 S 500 D 2.250 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/08/01 S 35,000 D 2.045 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/08/01 S 35,000 D 2.095 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 P 50,000 A 2.005 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 P 500 A 1.900 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 S 5,000 D 2.020 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- Common Stock 08/09/01 S 5,000 D 2.030 I By Bisell Invest. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 S 2,000 D 2.100 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 S 4,000 D 2.000 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 S 14,700 D 2.170 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/09/01 S 5,000 D 2.050 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/10/01 P 150,000 A 2.0025 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/10/01 P 1,000 A 2.150 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/10/01 P 1,000 A 2.500 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/10/01 S 10,800 D 2.085 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/13/01 S 20,000 D 2.350 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/14/01 S 650 D 2.500 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/14/01 S 500 D 2.600 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/13/01 P 1,000 A 2.800 I Investments Inc. Page 2 of 4 6. 5. Owner- Amount of ship Securities Form: 7. 3. 4. Beneficially Direct Nature of 1. 2. Transaction Securities Acquired (A) or Owned at End (D) or Indirect Title of Transaction Code Disposed of (D) of Month Indirect Beneficial Security Date (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V and 4) (Instr.4) (Instr. 4) Amount (A) or (D) Price --------------------------------------------------------------------------------------------------------------------------------- Common Stock 08/13/01 P 1,000 A 2.550 I By 87807 Canada Ltd. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/16/01 S 50,000 D 1.9975 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/17/01 S 10,200 D 1.060 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/17/01 S 6,000 D 1.735 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/20/01 P 500 A 1.300 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/20/01 S 15,000 D 1.490 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/20/01 S 5,000 D 1.300 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/20/01 S 7,500 D 1.450 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/21/01 S 116,300 D 1.300 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- Common Stock 08/21/01 S 79,350 D 1.300 I By Bisell Inv. ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/27/01 P 20,000 A 0.680 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/27/01 P 12,000 A 0.700 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/27/01 P 2,500 A 0.750 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/27/01 P 5,000 A 0.950 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/27/01 P 2,500 A 0.680 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/28/01 P 2,500 A 0.900 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/28/01 P 2,500 A 0.920 I Limited ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 08/28/01 P 5,000 A 1.000 I Limited ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 08/30/01 P 2,500 A 1.010 57,000 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 3 of 4 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =============================================================================== 9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature of Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,

Section 17(a) of the Public Utility Holding Company Act of 1935 or

Section 30(f) of the Investment Company Act of 1940

[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5

obligations may continue. See Instruction 1(b).

===============================================================================

1. Name and Address of Reporting Person*

Quilliam Pierre

-------------------------------------------------------------------------------

(Last) (First) (Middle)

18431 Tyotown Road

-------------------------------------------------------------------------------

(Street)

Cornwall Ontario K6H 5R5

-------------------------------------------------------------------------------

(City) (State) (Zip)

===============================================================================

2. Issuer Name and Ticker or Trading Symbol

Dicut, Inc. "DCUT"

===============================================================================

3. IRS or Social Security Number of Reporting Person (Voluntary)

===============================================================================

4. Statement for Month/Year

January 2002

===============================================================================

5. If Amendment, Date of Original (Month/Year)

===============================================================================

6. Relationship of Reporting Person to Issuer

(Check all applicable)

[X Director [ ] 10% Owner

[X Officer (give title below) [ ] Other (specify below)

President and Secretary

===============================================================================

7. Individual or Joint/Group Filing (Check applicable line)

[X] Form filed by one Reporting Person

[ ] Form filed by more than one Reporting Person

===============================================================================

Table I -- Non-Derivative Securities Acquired, Disposed of,

or Beneficially Owned

===============================================================================

<TABLE>

1. Title of Security (Instr. 3)	2. Transaction Date (mm/dd/yy)	3. Transaction Code (Instr. 8) Code V	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)	6 Owner- ship Form: Direct (D) or Indirect (I) (Instr.4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)


Common Stock	01/08/02	S	10,000	D	0.25		D
Common Stock	01/14/02	P	17,500	A	0.21		D
Common Stock	01/14/02	P	7,500	A	0.22		D
Common Stock	01/29/02	P	20,000	A	0.14		D
Common Stock	02/05/02	P	10,000	A	0.16		D
Common Stock	02/06/02	P	5,000	A	0.17		D
Common Stock	02/06/02	P	10,000	A	0.14		D
Common Stock	02/06/02	P	10,000	A	0.135		D
Common Stock	02/11/02	P	10,000	A	0.15		D
Common Stock	02/11/02	P	5,000	A	0.17		D
Common Stock	02/14/02	S	10,000	D	0.13		D
Common Stock	02/15/02	P	35,000	A	0.15		D
Common Stock	02/21/02	P	10,000	A	0.15		D
Common Stock	02/21/02	S	15,000	D	0.18		D
Common Stock	02/25/02	J*	100,000	D			D
Common Stock	02/25/02	S	5,000	D	0.11		D
Common Stock	02/25/02	S	5,000	D	0.10		D
Common Stock	02/25/02	S	15,000	D	0.09		D
Common Stock	02/27/02	S	10,000	D	0.11		D
Common Stock	02/27/02	S	10,000	D	0.10		D
Common Stock	03/01/02	V	10,000	D	0.11		D
Common Stock	03/01/02	V	10,000	D	0.15		D
Common Stock	03/04/02	V	10,000	D	0.145		D
Common Stock	03/05/02	V	10,000	D	0.13		D
Common Stock	03/06/02	V	15,000	D	0.12	1,000	D

Explanation of Responses:

* If the Form is filed by more than one Reporting Person, see Instruction

4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially

owned directly or indirectly.

Page 1 of 2

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

===============================================================================

9. 10.

Number Owner-

of ship

2. Deriv- of

Conver- 5. 7. ative Deriv- 11.

sion Number of Title and Amount Secur- ative Nature

of Derivative 6. of Underlying 8. ities Secur- of

Exer- 4. Securities Date Securities Price Bene- ity: In-

cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct

Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-

1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial

Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-

Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship

Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.

(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)

----------------------------------------------------------------------------------------------------------------------------------

==================================================================================================================================

</TABLE>

Explanation of Responses:

* The transaction dated 02/25/02 containing Transaction Code J was an in-kind exchange for consulting services.

/s/ Pierre Quilliam March 12, 2002

--------------------- ----------------

**Signature of Reporting Person Date

** Intentional misstatements or omissions of facts constitute Federal

Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.

If space provided is insufficient, see Instruction 6 for procedures.

Page 2 of 2

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