U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 5

ANNUAL 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 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).

[ ] Form 3 Holdings Reported [x] Form 4 Transactions Reported

~~[x] Form 4 Transactions Reported~~______________________________________________________________________________________________________________

1. Name and Address of Reporting Person*

~~Quilliam~~ Pierre Quilliam.

~~-------------------------------------------------------------------------------~~2150 Northwest Parkway, S.E.

~~(Last) (First) (Middle)~~Suite H

~~18431~~Marietta, ~~Tyotown~~Georgia ~~Road~~30067

~~-------------------------------------------------------------------------------~~______________________________________________________________________________________________________________

2. Issuer Name and Ticker or Trading Symbol: Dicut, Inc. (~~Street~~DCUT)

~~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~~ ______________________________________________________________________________________________________________

4. ~~2001~~Statement for Month/Year: Year ended December 2002

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

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

______________________________________________________________________________________________________________

6. Relationship of Reporting Person to Issuer

(Check all applicable)

[X] Director [ X] 10% Owner

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

~~President~~ ______________________________________________________________________________________________________________

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

[X] Form filed by one Reporting Person

[ ] Form filed by more than one Reporting Person

~~Page 1 of 3~~ ______________________________________________________________________________________________________________

~~FORM~~Table 4I ~~(continued)~~-- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

================================================================================== 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 Issuer's Fiscal Year 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 10/11/01 P4 5,000 A 0.60 I By Bisell Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 10/15/01 P4 2,500 A 0.60 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 10/15/01 P4 2,500 A 0.56 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 10/17/01 P4 7,500 A 0.51 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By Bisell Common Stock 10/25/01 P4 1,000 A 0.50 I Investments Inc. ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 11/30/01 S4 10,000 D 0.19 I Inc. ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Common Stock 12/04/01 S4 5,000 D 0.20 I Inc. ------------------------------------------------------------------------------------------------------------------------------- Common Stock 12/05/01 S4 5,000 D 0.21 I By 1345892 Ontario Inc. ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Inc. Common Stock 12/06/01 S4 300 D 0.40 I ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Inc. Common Stock 12/13/01 S4 6,700 D 0.23 I ------------------------------------------------------------------------------------------------------------------------------- By 1345892 Ontario Inc. Common Stock 12/19/01 S4 5,000 D 0.20 33,500 I ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- * 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.______________________________________________________________________________________________________________

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 Year (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) ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================

1. Title of Security (Instr. 3)	2. TransactionDate	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
	(mm/dd/yy)	Code	V	Amount	(A) or (D)	Price
Common Stock*	10/02/02	P	4	30,000	A	$0.03		I	Owned by Bisell Investments, Inc.
Common Stock**	11/18/02	P	4	5,250,000	A	$0.038		D
Common Stock***	12/23/02	G	4	160,000	D	$0.35
Common Stock****	12/23/02	G	4	90,000		$0.35	5,281,000	I	Owned by Bisell Investments, Inc.

Explanation of Responses:

~~Pierre~~*An ~~Quilliam~~open ~~controls~~market purchase of 30,000 shares by Bisell Investments, Inc., ~~and~~a ~~1345892~~corporation ~~Ontario~~owned ~~Limited~~by Mr. Quilliam.

~~/s/~~**Acquired ~~Pierre~~from ~~Quilliam February~~Raj ~~13,~~Kalra ~~2002~~in satisfaction of a personal debt of $200,000.

***50,000 shares gifted to each of Mr. Quilliam's three children, and 10,000 shares gifted to a personal friend, which transactions are exempt pursuant to Rule 16b-~~----------------------------------------- -----------------------~~5.

**~~Signature~~**A change in beneficial ownership of ~~Reporting~~securities ~~Person Date~~pursuant to Rule 16a-13, by the transfer of 90,000 shares to Bisell Investments, Inc. for no consideration.

**If ~~Intentional~~the ~~misstatements~~Form oris ~~omissions~~filed ofby ~~facts~~more ~~constitute~~than ~~Federal~~one ~~Criminal~~Reporting ~~Violations.~~Person, see Instruction 4(b)(v).

~~See~~Reminder: 18Report ~~U.S.C.~~on ~~1001~~a ~~and~~separate 15line ~~U.S.C.~~for ~~78ff(a).~~each class of securities beneficially owned directly or indirectly.

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

IfTable ~~space~~II ~~provided~~-- isDerivative ~~insufficient~~Securities Acquired, ~~see~~Disposed ~~Instruction~~of, 6or ~~for~~Beneficially ~~procedures~~Owned (e.g., puts, calls, warrants, options, convertible securities)

Page 3 of 3

1. Title of Derivative Security (Instr. 3)

2. Conversion of Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (month/date/year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned at end of Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

None

~~End~~Explanation of ~~Filing~~Responses:

/s/ Pierre Quilliam	February 17, 2003
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.

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