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                                                                     EXHIBIT 5.1


                                Ronald J. Stauber
                                A LAW CORPORATION
                        1880 Century Park East, Suite 300
                              Los Angeles, CA 90067

                            TELEPHONE (310) 556-0080

                                                             fax: (310) 556-3687
                                                                 OUR FILE NUMBER
                                  June 15, 2001


U.S. Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549

Ladies and Gentlemen:

We have acted as counsel for Investment Agents, Inc., a Nevada corporation (the
"Company") in connection with certain matters as described herein.

In rendering this opinion, we have examined and relied upon the following
documents:

      (1)   the Articles of Incorporation of the Company as filed with the
            Secretary of State of the State of Nevada ("Secretary of State") on
            August 8, 1996 (the "Articles of Incorporation");

      (2)   a Certificate of the Secretary of State, dated May 30, 2000, as to
            the good standing of the Company;

      (3)   the By-laws of the Company certified as true and correct by the
            President of the Company dated May 8, 2001;

      (4)   the Unanimous Written Consent and Action of the Board of Directors
            of the Company dated May 8, 2001;

      (5)   a certificate of a director of the Company as to certain matters
            (the "Director's Certificate");

      (6)   the Form SB-2 registration statement of the Company dated May 11,
            2001 (the "registration statement").



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U.S. Securities and Exchange Commission
June 15, 2001
Page 2


All the foregoing documents shall be herein referred to as the "Reviewed
Documents." We have not reviewed any documents other than the Reviewed Documents
for purposes of rendering the opinions expressed herein. We have conducted no
independent factual investigation other than our review of the Reviewed
Documents. In rendering this opinion, we have relied, as to factual matters,
solely upon the Reviewed Documents, and the representations, warranties,
statements and information set forth therein, all of which we assume to be true,
complete and accurate in all material respects. All terms used herein, other
than those defined or the definition of which is otherwise referred to herein,
are intended to have the meanings set forth in the Reviewed Documents.

With respect to the Reviewed Documents, we have assumed and relied upon the
authenticity of all documents submitted to us as originals, the conformity with
the originals of all documents submitted to us as copies or forms, the
genuineness of all signatures, the legal capacity of natural persons and that
the Reviewed Documents, in the forms submitted to us for our review, have not
been and will not be altered or amended in any respect material to this opinion.

This opinion is limited, we express no opinion with respect to state securities,
blue sky or tax laws. We have not been requested to and do not opine as to the
applicability of the laws of any state jurisdiction.

This opinion is given only with respect to laws and regulations presently in
effect. We assume no obligation to advise you of any changes in law or
regulation which may hereafter occur, whether the same or retroactively or
prospectively applied, or to update or supplement this letter in any fashion to
reflect any facts or circumstances which hereafter come to our attention.

For the purpose of rendering the opinions hereinafter expressed, we have made
the following additional assumptions that the Articles of Incorporation and
By-laws constitute the articles of incorporation and by-laws of the Company are
presently in effect.

Based upon the foregoing, and subject to and in reliance on the limitations,
qualifications, exceptions and assumptions set forth herein, we are of the
opinion that:

        1.     The duly authorized capital stock of the Company consists of
               25,000,000 shares of capital stock with a par value of $0.001 per
               share of which all such shares are common stock (the "Common
               Stock").



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U.S. Securities and Exchange Commission
June 15, 2001
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        2.     The issued and outstanding shares of the Common Stock are
               validly issued, fully paid and nonassessable stock under Nevada
               law.

We hereby consent to the filing of the opinion as Exhibit 5.1 to the Company's
registration statement and the reference to our firm in the Prospectus, if
applicable or required.

Very truly yours,


/s/ Ronald J. Stauber


RONALD J. STAUBER

RJS/mp
INVESTMENTAGENTS:SEC.LTR



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