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 quarterly period ended December
          31, 1999

[         ] 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 33-61892-FW

                                           EMERGING DELTA CORPORATION
               (Exact Name of small business issuer as specified in its Charter)


            Delaware                                               72-1235451
(State or other Jurisdiction of                                I.R.S. Employer
Incorporation or Organization                             Identification No.)

                                 220 Camp Street, New Orleans, Louisiana  70130
(Address of Principal Executive Offices)                         (Zip Code)

                                                 (504) 524-1801
                         (Registrant's Telephone Number, including Area Code)




         Indicate by check mark whether the Registrant (i) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (of for such  shorter  period  that the
Registrant  was required to file such reports) and (ii) has been subject to such
filing requirements for the past 90 days.

                                          Yes    X           No

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.

Common Stock, $1.00 par value                                          43,600
- ----------------------------------                        -------------------
Title of Class                                    Number of Shares outstanding
                                                       at December 31, 1999

Exhibit Index - NONE.








                                           EMERGING DELTA CORPORATION

                                                 BALANCE SHEETS

                                                     ASSETS

                                                             December 31,                      March 31,
                                                               1999                           1999

Current Assets
                                                                                     
        Cash and cash equivalents                           $      296,033                 $     297,884

Interest receivable                                                  3,193                            --

Total Assets                                                $      299,226                 $     297,884


                                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

        Accounts Payable                                    $          600                 $       1,800

Stockholders' Equity:

Preferred Stock, $1.00 par value;
  2,000,000 shares authorized;
  no shares subscribed, issued
  and outstanding                                                       --                            --

Common Stock, $1.00 par value; 20,000,000 shares
  authorized; 43,600 shares issued and outstanding                  43,600                        43,600
Additional Paid-in Capital                                         252,214                       252,214
Accumulated earnings (deficit)                                       2,812                           270

Total Stockholders' Equity                                         298,626                       296,084

Total Liabilities and Stockholders' Equity                  $      299,226                 $     297,884










                   The  accompanying   notes  are  an  integral  part  of  these
financial statements.

                                                        2







                           EMERGING DELTA CORPORATION

                             STATEMENT OF OPERATIONS


                                                      FOR THE             FOR THE             FOR THE               FOR THE
                                                    NINE MONTHS         NINE MONTHS        THREE MONTHS          THREE MONTHS
                                                       ENDED               ENDED               ENDED                 ENDED
                                                   Dec. 31, 1999       Dec. 31, 1998       Dec. 31, 1999         Dec. 31, 1998


REVENUES -

                                                                                                    
     Interest Income                             $      11,725        $         12,302      $        4,705      $         4,233

COSTS AND EXPENSES
     General and Administrative                          9,183                   9,549               3,469                2,816

TOTAL COSTS AND EXPENSES                                 9,183                   9,549               3,469                2,816

NET INCOME (LOSS)                                        2,542                   2,753               1,236                1,417

WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING                                  43,600                  43,600              43,600               43,600

INCOME (LOSS) PER
 COMMON SHARE                                    $         .06        $            .06      $          .03      $           .03





































                                The  accompanying  notes are an integral part of
these financial statements.

                                                                     3







                           EMERGING DELTA CORPORATION

                             STATEMENT OF CASH FLOWS

                                                      FOR THE             FOR THE             FOR THE               FOR THE
                                                    NINE MONTHS         NINE MONTHS        THREE MONTHS          THREE MONTHS
                                                       ENDED               ENDED               ENDED                 ENDED
                                                   Dec. 31, 1999       Dec. 31, 1998       Dec. 31, 1999         Dec. 31, 1998

CASH FLOWS FROM
OPERATING ACTIVITIES

                                                                                                    
     Net Income (Loss)                           $       2,542        $          2,753      $        1,236      $         1,417
     Add item not requiring
          the use of cash-
          amortization                                      --                     210                  --                   70
     Adjustments to
          reconcile net income
          (loss) to net cash
          used by operating
          activities
     (Increase) decrease
          interest receivable                          (3,193)                 (2,147)             (3,193)              (1,427)
     Increase (decrease) in
          accounts payable                             (1,200)                   (906)                  --                  --

     CASH (USED) PROVIDED
     BY OPERATING ACTIVITIES                           (1,851)                    (90)             (1,957)                   60

INCREASE (DECREASE) IN CASH                            (1,851)                    (90)             (1,957)                   60

CASH BALANCE - BEGINNING                               297,884                 295,343             297,990              295,193

CASH BALANCE - ENDING                            $     296,033        $        295,253      $      296,033      $       295,253



















                                The  accompanying  notes are an integral part of
these financial statements.

                                                                     4





                                                EMERGING DELTA CORPORATION

                                               NOTES TO FINANCIAL STATEMENTS
               (All information as of December 31, 1999 and 1998 is unaudited)

1.     DESCRIPTION OF ORGANIZATION

       Emerging Delta  Corporation  (the "Company") was  incorporated  under the
       laws of the State of Delaware on February  10,  1993,  for the purpose of
       seeking out  business  opportunities,  including  acquisitions,  that the
       board  of   directors,   in  their   discretion,   believe   to  be  good
       opportunities.  The  Company  will be heavily  dependent  on the  skills,
       talents,  and abilities of its management to  successfully  implement its
       business  plan.  An  affiliate of a director is expected to be the source
       for most  business  opportunities  submitted to the  Company.  Due to its
       currently  limited  funds  and to the fact  that the  Company  will  only
       receive  limited  capital from a public  offering,  it is likely that the
       Company  will not be able to compete  with  larger  and more  experienced
       entities  for  business  opportunities  which are lower risk and are more
       attractive  for such  entities;  business  opportunities,  in  which  the
       Company   ultimately   participates  will  likely  be  highly  risky  and
       speculative.  Since inception, the Company's activities have been limited
       to capital formation.

2.     SIGNIFICANT ACCOUNTING POLICIES

       The financial statements for the three and nine months ended December 31,
       1999 and 1998 are unaudited,  but in the opinion of the management of the
       Company,  contain all  adjustments,  consisting of only normal  recurring
       accruals,  necessary to present fairly the financial position at December
       31, 1999,  the results of operations  for the three and nine months ended
       December  31,  1999 and 1998 and the cash  flows  for the  three and nine
       months ended December 31, 1999 and 1998.

       The results of operations for the nine months ended December 31, 1999 are
       not  necessarily  indicative  of the results of operations to be expected
       for the full fiscal year ending March 31, 2000.

3.     RELATED PARTY TRANSACTIONS

       The Company pays a  consulting  fee to the Vice  President of Finance,  a
       director and  shareholder,  for financial  services which includes office
       space and clerical services.  In the nine months ended December 31, 1999,
       $6,750 in consulting fees (see Item 2 below) was billed to the Company.

Item 2.
 MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL
                  CONDITION

       The Company has commenced no operations  and has no  activities.  General
       and Administrative  expenses for the three and nine months ended December
       31,  1999  and  1998  include  $2,250  and  $6,750  in  consulting   fees
       respectively.

       The  Company has  evaluated  the impact of year 2000  issues.  Due to the
       minimal nature of its operations, the Company does not believe that these
       issues will have any impact.


                                                             5





                                                PART II.  OTHER INFORMATION

Item 1.           LEGAL PROCEEDINGS

                  None

Item 2.           CHANGES IN SECURITIES

                  None

Item 3.           DEFAULTS UPON SENIOR SECURITIES

                  None

Item 4.           SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

                  None

Item 5.           OTHER INFORMATION

                  None

Item 6.           EXHIBITS AND REPORTS ON FORM 8-K

                  (a)   Exhibits

       3.         Certificate of Incorporation and Bylaws

                  3.1               Restated Certificate of Incorporation*
                  3.2               Bylaws*
                  3.3               Proposed Certificate of Amendment to the
 Restated Certificate of Incorporation*

       10.        Material Contracts

                  10.1              1993 Stock Option Plan*
                  10.2              Form of Stock Option Agreements with Messrs.
 Keenan, Killeen, Jarrell and Chaffe with
                                    Schedule of Details*



*  Incorporated  by  reference  to such  exhibit  as filed  with  the  Company's
registration  statement on Form SB-2,  file no. 33- 61892-FW (the  "Registration
Statement") on April 29, 1993.

                  (b)                 Reports on Form 8-K: None


                                                             6




                                                        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 thereunto duly authorized.


Date:    February 3, 2000                            By:  /s/ Jerry W. Jarrell
                                                       Jerry W. Jarrell
                         Chief Financial Officer (chief financial officer and
                                accounting officer and duly authorized officer)