U.S. SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                       FORM 8-K


                                     CURRENT REPORT


                         PURSUANT TO SECTION 13 OR 15(d) OF THE
                           SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of earliest event reported): March 2, 2003


                      Global Diversified Industries, Inc.
           (Exact name of registrant as specified in its charter)


                                      Nevada
            (State or jurisdiction of incorporation or organization)


                                    333-83231
                            (Commission File Number)


                                    95-471485
                   (I.R.S. Employer Identification Number)


          1200 Airport Drive, Chowchilla, California          93610
            (Address of principal executive offices)        (Zip Code)


                Registrant's telephone number:  (559) 665-5800


       (Former name or former address, if changed since last report)


ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS.

     The Registrant has agreed to acquire a company, Modular
Modernization, Inc. ("MMI") as a wholly-owned subsidiary through an
Agreement and Plan of Exchange ("Agreement").

     Modular Modernization, Inc., through the acquisition, will
transfer to Global approximately $300,000 in raw materials and
approximately $200,000 in plant equipment and machinery.  The raw
materials will immediately be placed by Global into inventory to be
used for relocatable classroom production.  It is anticipated that
the equipment and machinery will directly enhance the modular
division production capabilities and thereby result in increased
plant efficiency.

     Global shall issue to the MMI shareholders a total of Two
Million Six Hundred Sixty Six Thousand Six Hundred Sixty Six
(2,666,666) shares of preferred stock.  The conversion option will
expire within three years from the Effective Date.  Global agrees to
file a Registration Agreement for MMI after conversion from Preferred
to Common Shares.  Global will sign a note payable to MMI for One
Hundred Thousand Dollars ($100,000.00) payable monthly over a twelve
(12) month period, with a five (5) percent interest rate.

     Also pursuant to the terms of the Agreement, all property, real,
personal and mixed, and all debts due to MMI on whatever account, as
well for stock subscriptions as all other choses in action, and all
and every other interest of or belonging to MMI shall remain with MMI,
and the title to any real estate or any interest, whether vested by
deed or otherwise, in MMI shall not revert or be in any way impaired
by reason of the exchange; provided, however, that all rights of
creditors and all liens upon the property of MMI shall be preserved
unimpaired, and any debts, liabilities, obligations and duties of MMI
shall remain with MMI.

     This transaction between Global and MMI is a related party
transaction as the majority owner of MMI, Rebecca Manandic, is also
an affiliate of Global, and as such, the Registrant has undertaken
and agreed to the following:  At the time of this transaction, the
Registrant did not have the funds available to allocate to receiving
a fairness opinion on this transaction.  In the absence of a fairness
opinion, there can be no assurance that the consummation of the
acquisition is fair and reasonable to the Registrant and its
shareholders.  However, both Global and MMI have agreed to obtain a
fairness opinion within the next ninety days and adjust the terms of
this acquisition appropriately.  Further, because the Registrant is
issuing Preferred Shares with a restrictive legend, such a delay in
receiving such a fairness opinion, the Board of Directors has
decided, is not in any way detrimental to the Registrant and its
shareholders.  In contrast, the Board of Directors has determined
that consummating the transaction now as opposed to delaying until
being in receipt of a fairness opinion is in the best interest of the
Registrant and its shareholders in that the Registrant can
immediately utilize the assets and machinery of MMI for the benefit
of the Registrant.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

     Financial statements as required by this item will be filed by
amendment not later than 60 days after the date that the initial
report on Form 8-K must be filed (March 19, 2003) a date not later
than May 18, 2003.

                                SIGNATURE

     Pursuant to the requirements of Section 13 or 15(d) 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.

                                  Global Diversified Industries, Inc.



Dated: March 19, 2003             By: /s/ Philip O. Hamilton
                                  Philip O. Hamilton, Chairman and CEO

EXHIBIT                  DESCRIPTION
NO.

2     Agreement and Plan of Exchange between Global Diversified Industries,
      Inc. and Modular Modernization, Inc.