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

FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2004

[ ] 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: 0-9071

E.T. CORPORATION
(Exact name of Registrant as Specified in Its Charter)

Nevada 74-2026624
(State or Other Jurisdiction of Incorporation (I.R.S. Employer
or Organization) Identification No.)

27127 Calle Arroyo, Suite 1923, San Juan Capistrano, California 92675
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number: (877) 613-3131

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common
Stock, $0.001 Par Value

Indicate by check mark whether the Registrant (1) 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 (or for such
shorter period that the Registrant was required to file such reports),
and (2) been subject to such filing requirements for the past 90 days.
Yes X No .

As of March 31, 2004, the Registrant had 43,514,632 shares of
common stock issued and outstanding.

Transitional Small Business Disclosure Format (check one): Yes No X .

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION PAGE

ITEM 1. FINANCIAL STATEMENTS

BALANCE SHEET AS OF MARCH 31, 2004 3

STATEMENTS OF OPERATIONS FOR THE PERIOD
FROM INCEPTION (OCTOBER 3, 1978) TO MARCH,
31, 2004, AND FOR THE THREE AND SIX MONTHS ENDED
MARCH 31, 2004 AND MARCH 31, 2003 4

STATEMENTS OF CASH FLOWS FOR THE PERIOD
FROM INCEPTION (OCTOBER 3, 1978) TO MARCH,
31, 2004, AND FOR THE SIX MONTHS ENDED
MARCH 31, 2004 AND MARCH 31, 2003 5

NOTES TO FINANCIAL STATEMENTS 6

ITEM 2. PLAN OF OPERATION 7

ITEM 3. CONTROLS AND PROCEDURES 14

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS 14

ITEM 2. CHANGES IN SECURITIES 14

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 14

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 15

ITEM 5. OTHER INFORMATION 15

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 15

SIGNATURES 15

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCAL STATEMENTS.

E.T. CORPORATION
(A Development Stage Company)
BALANCE SHEET
MARCH 31, 2004
(Unaudited)

ASSETS

Current Assets:
Cash $
Total Assets

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
Accounts Payable $ 2,751

Long-Term Liabilities:
Debenture Payable, JRM
Financial Services, Inc. 902,821

Stockholders' Deficit:
Preferred Stock, Par Value
of $0.001; 10,000,000 Shares
Authorized, None Outstanding 0
Common Stock, Par Value of $0.001;
190,000,000 Shares Authorized
43,514,632 Shares
Issued and Outstanding 4,863,904
Additional Paid-In Capital 24,627,619
Accumulated Deficit (30,397,095)

Stockholders' Deficit (905,572)

Total Liabilities and Stockholders' Deficit 0

The accompanying notes are an integral part of these financial statements

E.T. CORPORATION
(A Development Stage Company)
STATEMENTS OF OPERATIOINS
(Unaudited)

<CAPTION)
From Inception Three Months Ended Six Months Ended
(October 3, 1978) March 31, March 31, March 31, March 31,
to March 31, 2004 2004 2003 2004 2003

Revenues: $ 0 $ 0 $ 0 $ 0 $ 0

Expenses:
Professional Fees 160,338 2,000 26,500 8,000 26,500
Auto Expenses 306,000 3,000 3,000 6,000 6,000
Consulting and Management Fees 14,856,157 75,000 91,175 150,000 177,175
Rent Expense 1,371,600 12,600 12,600 25,200 25,200
Telephone Expenses 923,000 9,000 9,000 18,000 18,000
Travel and Promotions 2,430,000 45,000 45,000 90,000 90,000
Transfer and Filing Fees 119,467 2,751 5,600 4,151 5,600
Amortization 8,143,848 0 0 0 0
Depreciation 534,886 0 0 0 0
Total General and Administrative
Expenses 28,845,296 149,351 192,875 301,351 348,475

Other Income and (Expenses):
Interest Expense 1,633,806 24,160 15,455 43,236 27,578
Forgiveness of Debt (82,007) 0 0 0 0
Total Other (Income) and Expenses 1,551,799 24,160 15,455 43,236 27,578

Net Loss $(30,397,095) $(173,511) $(208,330) $(344,587) $(376,053)

Basic Diluted Loss Per Share N/A $ (0.00) $ (0.10) $ (0.01) $ (0.18)

Weighted Average Shares Outstanding, (1) (1)
Basic and Diluted N/A 43,514,632 2,019,066 43,514,632 2,137,676

(1) Shares Adjusted a 1 for 20 reverse stock split as of March 3, 2003.

The accompanying notes are an integral partof the financial statements

E.T. CORPORATION
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Unaudited)

From Inception For the Six Months
(October 3, 1978) Ended March 31,
to March 31, 2004 2004 2003

Cash Flows From Operating Activities:
Net Loss for the Period $(30,397,095) $ (344,587) $ (376,053)
Adjustments to Reconcile Net
Loss to Net Cash Used In
Operating Activities:
Amortization 8,143,848 0 0
Depreciation 534,886 0 0
Increase (Decrease)
In Accounts Payable 2,751 (465) 0
Net Cash Used In
Operating Activities (21,715,610) (345,052) (376,053)

Cash Flows From Investing Activities:
Acquisition of Fixed Assets (534,886) 0 0
Assets (8,143,848) 0 0
Net Cash Used In Investing Activities (8,678,734) 0 0

Cash Flows From Financing Activities:
Increase (Decrease) in
Debenture Payable JRM
Financial Services, Inc. 902,821 345,052 (112,944)
Issuance of Common Stock 29,491,523 0 527,175
Net Cash Provided By Financing Activities 30,394,344 345,052 414,231

INCREASE IN CASH 0 0 38,178

CASH, BEGINNING OF PERIOD 0 0 0

CASH, END OF PERIOD 0 0 38,178

The accompanying notes are an integral part of the financial statements

E.T. CORPORATION
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

NOTE 1 B BASIS OF PRESENTATION

The accompanying consolidated financial statements have been prepared
in accordance with U.S. Securities and Exchange Commission ("SEC")
requirements for interim financial statements. Therefore, they do not
include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. The
financial statements should be read in conjunction with the year ended
September 30, 2003 financial statements of E.T. Corporation included
in the Form 10-KSB filed with the SEC by the Company.

The results of operations for the interim periods shown in this report
are not necessarily indicative of results to be expected for the full
year. In the opinion of management, the information contained herein
reflects all adjustments necessary to make the results of operations
for the interim periods a fair statement of such operation. All such
adjustments are of a normal recurring nature. The Company is
considered a development stage company as it has not generated
revenues from its operations.

NOTE 2 B RELATED PARTY TRANSACTION NOTE 2 O RELATED PARTY TRANSACTIONS

Due to related parties at March 31, 2004 consisted of the following:

Advances payable to an entity controlled by a

major shareholder of the company represent
advances, secured with floating debenture and due on demand $902,821
Total due to related parties $902,821

NOTE 3 B CONTINUED EXISTENCE

As shown in the accompanying interim financial statements, the Company
has incurred a net loss of $344,587 for the six months ended March 31,
2004. As of March 31, 2004, the Company reported an accumulated
deficit of $30,397,095. The Company's ability to generate net income
and positive cash flows is dependent on the ability to develop its
business while reducing operating costs, as well as the ability to
raise additional capital. Management is following strategic plans to
accomplish these objectives, but success is not guaranteed. As of
March 31, 2004, these factors raise substantial doubt about the
Company's ability to continue as a going concern. The financial
statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or
the amounts and classification of liabilities that may result from the
outcome of this uncertainty.

The Company has a stockholders deficit of approximately $906,000 as of
March 31, 2004. This raises substantial doubt about its ability to
continue as a going concern. These financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.

ITEM 2. PLAN OF OPERATION.

The following plan of operation of the Registrant is based upon,
and should be read in conjunction with, its audited financial
statements and related notes included elsewhere in this Form 10-QSB,
which have been prepared in accordance with accounting principles
generally accepted in the United States.

Twelve-Month Plan of Operation.

The Registrant is continuing to attempt to expand its entry into
"not-for-profit" fund raising using "1-900" "pay-per-call" telephone
numbers. This involves its proprietary 1 900 telephone numbers: 1 900
"DEMOCRAT", 1 900 "REPUBLICAN", 1 900 "STOP ABUSE", 1 900 "HIV AIDS",
1 900 HIV KIDS, 1 900 "GET MADD" and others.

With campaign finance reform an important issue in this country,
the Registrant is currently making contacts with a number of
organizations regarding potential use of its 1-900-DEMOCRAT and 1-900-
REPUBLICAN numbers. These contacts have been with the offices of the
Chairman of the Democratic National Committee, the Chairman of the
Republican National Committee, the Clinton Presidential Library, and
the Hillary Clinton Senatorial Campaign Committee, among others.
These contacts came about as a result of introductions provided by
consultants retained by the Company. These numbers could potentially
raise hundreds of millions of dollars for both the Democratic and
Republican parties.

The Registrant is a development stage company and its board of
directors and management has determined that the best way to develop
interest in its 1-900 telephone lines is to make face-to-face contact
with potential customers and financiers. The board of directors and
management also has determined that it can best exploit its limited
resources through the use of consultants rather than employees so as
to minimize payroll taxes and health and retirement benefits that
employees would require. The consultants' services provided to the
Registrant include in-person solicitation of political action
committees, charities, political candidates and parties across the
United States to use the 1-900 telephone lines.

To develop cash flow from the "1-900" concept, the Registrant
will continue to rely on JRM Financial Services Corporation to finance
the Registrant's ongoing overhead under the terms of the bearer
debenture it holds until fund raising contracts have been signed (see
notes to the audited financial statements contained elsewhere in this
report. The Registrant has sufficient cash funds to maintain
operations for the next twelve months.

The Registrant's previously acquired proprietary software for the
Internet Meta Crawler, "eSearchB2B.com." was transferred into
eSearchB2B.com Inc. The Registrant announced prior to the end of the
2002 fiscal year that the company intended to spin-off its
eSearchB2B.com Inc. subsidiary. During the 2003 fiscal year, the
Registrant issued shares of this corporation to the shareholders of
record of the Registrant as of August 30, 2002 on the basis of one
share of BarterB2B Inc. (whose name was changed as of December 31,
2002 to BarterB2B Inc.) for each share of E.T. Corporation they owned.
The Registrant's Internet timeshare web sites
"timeshareonlinerealty.com" and "timeshareunitsales.com" have been
transferred into "Timeshare Corporation", a Nevada corporation. The
Registrant has also transferred these assets into a separate company
that the Registrant intends to make into a separate public company in
a similar fashion as BarterB2B Inc.; shares in that company have
already been issued to shareholders of the Registrant as of August 30, 2002.

As noted, the Registrant completed both these the transactions.
The Registrant no longer has any control or input as to the operation
of these separate corporations.

Capital Expenditures.

There were no material capital expenditures during the quarter
ended March 31, 2004.

Risk Factors Connected with Plan of Operation.

(a) Limited Prior Operations, History of Operating Losses, and
Accumulated Deficit May Affect Ability of Registrant to Survive.

The Registrant has had limited prior operations to date. Since
the Registrant's principal activities to date have been limited to
organizational activities, research and development, and prospect
development, it has no record of any revenue-producing operations.
Consequently, there is only a limited operating history upon which to
base an assumption that the Registrant will be able to achieve its
business plans. In addition, the Registrant has only limited assets
(which consist of the rights to use certain 1-900 telephone numbers).
As a result, there can be no assurance that the Registrant will
generate significant revenues in the future; and there can be no
assurance that the Registrant will operate at a profitable level. If
the Registrant is unable to obtain customers and generate sufficient
revenues so that it can profitably operate, the Registrant's business
will not succeed. Accordingly, the Registrant's prospects must be
considered in light of the risks, expenses and difficulties frequently
encountered in connection with the establishment of a new business.

The Registrant has incurred net losses: $801,671 for the fiscal
year ended September 30, 2002, $726,648 for the fiscal year ended
September 30, 2003, $344,587 for the six months ended March 31, 2004,
and $30,397,095 for the period from inception (October 3, 1978) to
March 31, 2004. At March 31, 2004, the Registrant had an accumulated
deficit of $30,397,095. This raises substantial doubt about the
Registrant's ability to continue as a going concern.

As a result of the fixed nature of many of the Registrant's
expenses, the Registrant may be unable to adjust spending in a timely
manner to compensate for any unexpected delays in the development and
marketing of the Registrant=s products or any capital raising or
revenue shortfall. Any such delays or shortfalls will have an
immediate adverse impact on the Registrant's operations and financial
condition.

(b) Need for Additional Financing May Affect Operations and Plan of
Business.

The working capital requirements associated with the plan of
business of the Registrant will continue to be significant (see
Statements of Operations in the financial statements contained
elsewhere in this Form 10-QSB). However, the Registrant anticipates,
based on currently proposed assumptions relating to its operations
(including with respect to costs and expenditures and projected cash
flow from operations), that it can generate sufficient financing
through a floating debenture with JRM Financial Services, Inc.
(formerly held by Xanthos Management Corporation) to continue its
operations for at least the next 12 months at the current level
without requiring additional financing (through the use of the unused
line of credit to draw on under this debenture). The Registrant does
not anticipate, at the present time, needing to raise any additional
capital in the next twelve months to implement its sales and marketing
strategy and grow. In the event that the Registrant's plans change or
its assumptions change (due to unanticipated expenses, technical
difficulties, or otherwise), the Registrant would be required to seek
additional financing sooner than currently anticipated or may be
required to significantly curtail or cease its operations.

Regardless of whether the Registrant's cash assets prove to be
inadequate to meet the Registrant's operational needs, the Registrant
might seek to compensate providers of services by issuance of stock in
lieu of cash.

If funding is insufficient at any time in the future, the
Registrant may not be able to take advantage of business opportunities
or respond to competitive pressures, any of which could have a
negative impact on the business, operating results and financial
condition. In addition, if additional shares were issued to obtain
financing, current shareholders will suffer a dilutive effect on their
percentage of stock ownership in the Registrant.

At the close of business on February 14, 2004, AT&T discontinued
its Multiquest 900 Services to all customers, through the Registrant's
telecommunications service bureau, Network Telephone Services, Inc.
Network Telephone has informed the Registrant that this discontinuance
of service was consistent with the Memorandum of Opinion and Order
from the Federal Communications Commission released on November 21,
2003. AT&T has so far refused to transfer the Registrant's 900
Multiquest number, 1 900 REPUBLICAN, to another carrier so that the
company can continue to use this number (this action does not affect
the other 1 900 numbers controlled by the Registrant, which were not
serviced through AT&T). The Registrant is continuing in its efforts
to regain control of this number. If the Registrant is unable to
obtain a substitute telephone provider for this 1 900 number, then it
could not be used, which could in turn affect future business
prospects for the company.

(d) Competition.

The Registrant's activities in the fund raising industries
involve a competitive industry. Many of the Registrant's competitors
have longer operating histories, significantly greater financial,
technical, marketing and other resources, and greater brand
recognition than the company does. The Registrant also expects to
face additional competition as other established and emerging
companies enter the fund raising business.

(e) Loss of Any of Current Management Could Have Adverse Impact on
Business and Prospects for Registrant.

The Registrant's success may be dependent upon the hiring of
qualified administrative personnel. None of the Registrant's officers
and directors has an employment agreement with the Registrant;
therefore, there can be no assurance that these personnel will remain
employed by the Registrant after the termination of such agreements.
Should any of these individuals cease to be affiliated with the
Registrant for any reason before qualified replacements could be
found, there could be material adverse effects on the Registrant's
business and prospects in that replacement personnel may not
understand the proposed business of the company. Also, the Registrant
does not carry any key person insurance on any of the officers and
directors of the company.

In addition, all decisions with respect to the management of
the Registrant will be made exclusively by the officers and directors
of the Registrant. Shareholders of the Registrant will only have
rights associated with such ownership to make decision that affect the
Registrant. The success of the Registrant, to a large extent, will
depend on the quality of the directors and officers of the Registrant.
Accordingly, no person should invest in the shares unless he is
willing to entrust all aspects of the management of the Registrant to
the officers and directors.

(f) Limitations on Liability, and Indemnification, of Directors
and Officers May Result in Expenditures by Registrant.

The Registrant's Articles of Incorporation include provisions to
eliminate, to the fullest extent permitted by the Nevada Revised
Statutes as in effect from time to time, the personal liability of
directors of the Registrant for monetary damages arising from a breach
of their fiduciary duties as directors. The Bylaws of the Registrant
include provisions to the effect that the Registrant may, to the
maximum extent permitted from time to time under applicable law,
indemnify any director, officer, or employee to the extent that such
indemnification and advancement of expense is permitted under such
law, as it may from time to time be in effect. Any limitation on the
liability of any director, or indemnification of directors, officer,
or employees, could result in substantial expenditures being made by
the Registrant in covering any liability of such persons or in
indemnifying them.

(g) Potential Conflicts of Interest May Affect Ability of Officers
and Directors to Make Decisions in the Best Interests of Registrant.

The officers and directors have other interests to which they
devote time, either individually or through partnerships and
corporations in which they have an interest, hold an office, or serve
on boards of directors, and each will continue to do so
notwithstanding the fact that management time may be necessary to the
business of the Registrant. As a result, certain conflicts of interest
may exist between the Registrant and its officers and/or directors,
which may not be susceptible to resolution. All of the potential
conflicts of interest will be resolved only through exercise by the
directors of such judgment as is consistent with their fiduciary
duties to the Registrant. It is the intention of management, so as to
minimize any potential conflicts of interest, to present first to the
board of directors to the Registrant, any proposed investments for its
evaluation.

A potential conflict of interest that arose was the negotiation
of the debenture between the Registrant and JRM Financial Services,
Inc. (see discussion under Item 12, below). Mr. Fowlds attempted to
mitigate the potential conflict by abstaining from the board of
director's vote on this financing package. The Registrant is not
aware of any other potential conflicts of interest that have arisen.

Sidney Fowlds, president, devotes approximately 40 hours per week
to the activities of the Registrant. Other officers and directors are
on an as needed basis. As indicated in the biographical backgrounds
of the other company directors, they are all retired from their former
careers.

(h) Other External Factors May Affect Viability of Registrant.

The industry of the Registrant in general is a speculative
venture necessarily involving some substantial risk. There is no
certainty that the expenditures to be made by the Registrant will
result in a commercially profitable business. The marketability of
the company's services will be affected by numerous factors beyond the
control of the Registrant. These factors include market fluctuations,
and the general state of the economy (including the rate of inflation,
and local economic conditions), which can affect political
contributions. Factors that leave less money in the hands of
potential customers of the Registrant will likely have an adverse
effect on the Registrant. The exact effect of these factors cannot be
accurately predicted, but the combination of these factors may result
in the Registrant not receiving an adequate return on invested
capital.

(i) Non-Cumulative Voting May Affect Ability of Shareholders to
Influence Registrant Decisions.

Holders of the shares are not entitled to accumulate their votes
for the election of directors or otherwise. Accordingly, the holders
of a majority of the shares present at a meeting of shareholders will
be able to elect all of the directors of the Registrant, and the
minority shareholders will not be able to elect a representative to
the Registrant's board of directors.

(j) Absence of Cash Dividends May Affect Investment Value of
Registrant's Stock.

The board of directors does not anticipate paying cash dividends
on the shares for the foreseeable future and intends to retain any
future earnings to finance the growth of the Registrant's business.
Payment of dividends, if any, will depend, among other factors, on
earnings, capital requirements, and the general operating and
financial condition of the Registrant, and will be subject to legal
limitations on the payment of dividends out of paid-in capital.

(k) Any Shares Issued to JRM Financial Services, Inc. in Payment of
Debenture May Result in Dilution to Other Shareholders, and Control by JRM.

Under the debenture agreement between the Registrant and JRM, JRM
has the right to convert any portion or the entire principal amount
due under the debenture that may at any time be outstanding into
restricted common shares of the Registrant at a price of $0.50 per
share. Any shares issued under the conversion privileges of this
debenture shall carry an "A" share purchase warrant allowing the
holder thereof to purchase from the Registrant, at a price of $0.75,
one additional restricted share for each "A" share purchase warrant
held. The share purchase warrant shall be valid for a period of two
(2) years after the date of issuance of the said share purchase
warrant. Any "A" share purchase warrants exercised will be issued one
common share and one "B" share purchase warrant allowing the holder
thereof to purchase from the Registrant, at a price of 1.00, one
additional restricted share for each "B" share purchase warrant held.

(l) No Assurance of Continued Public Trading Market and Risk of Low
Priced Securities May Affect Market Value of Registrant's Stock.

There has been only a limited public market for the common stock
of the Registrant. The common stock of the Registrant is currently
quoted on the Over the Counter Bulletin Board. As a result, an
investor may find it difficult to dispose of, or to obtain accurate
quotations as to the market value of the Registrant's securities. In
addition, the common stock is subject to the low-priced security or so
called "penny stock" rules that impose additional sales practice
requirements on broker-dealers who sell such securities. The
Securities Enforcement and Penny Stock Reform Act of 1990 requires
additional disclosure in connection with any trades involving a stock
defined as a penny stock (generally, according to recent regulations
adopted by the U.S. Securities and Exchange Commission, any equity
security that has a market price of less than $5.00 per share, subject
to certain exceptions), including the delivery, prior to any penny
stock transaction, of a disclosure schedule explaining the penny stock
market and the risks associated therewith. The regulations governing
low-priced or penny stocks sometimes limit the ability of broker-
dealers to sell the Registrant's common stock and thus, ultimately,
the ability of the investors to sell their securities in the secondary
market.

(m) Effects of Failure to Maintain Market Makers.

If the Registrant is unable to maintain a National Association of
Securities Dealers, Inc. member broker/dealers as market makers, the
liquidity of the common stock could be impaired, not only in the
number of shares of common stock which could be bought and sold, but
also through possible delays in the timing of transactions, and lower
prices for the common stock than might otherwise prevail.
Furthermore, the lack of market makers could result in persons being
unable to buy or sell shares of the common stock on any secondary
market. There can be no assurance the Registrant will be able to
maintain such market makers.

Critical Accounting Policies.

The SEC has issued Financial Reporting release No. 60,
"Cautionary Advice Regarding Disclosure About Critical Accounting
Policies" ("FRR 60"), suggesting companies provide additional
disclosure and commentary on their most critical accounting policies.
In FRR 60, the SEC defined the most critical accounting policies as
the ones that are most important to the portrayal of a company's
financial condition and operating results, and require management to
make its most difficult and subjective judgments, often as a result of
the need to make estimates of matters that are inherently uncertain.
Based on this definition, the Registrant's most critical accounting
policies include: (a) use of estimates in the preparation of financial
statements; and (b) impairment of long-lived assets. The methods,
estimates and judgments the Registrant uses in applying these most
critical accounting policies have a significant impact on the results
the Registrant reports in its financial statements.

(a) Use of Estimates in the Preparation of Financial Statements.

The preparation of the financial statements contained in this
report requires the company to make estimates and judgments that
affect the reported amounts of assets, liabilities, revenues and
expenses, and related disclosure of contingent assets and liabilities.
On an on-going basis, the Registrant evaluates these estimates,
including those related to revenue recognition and concentration of
credit risk. The Registrant bases its estimates on historical
experience and on various other assumptions that is believes to be
reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or
conditions.

(b) Impairment of Long-Lived Assets

Long-lived assets and certain identifiable intangible assets to
be held and used are reviewed for impairment whenever events or
changes in circumstances indicate that the carrying amount of such
assets may not be recoverable. Measurement of an impairment loss for
long-lived assets and certain identifiable intangible assets that
management expects to hold and use is based on the fair value of the
asset. Long-lived assets and certain identifiable intangible assets
to be disposed of are reported at the lower of carrying amount of fair
value less costs to sell.

Forward Looking Statements.

The foregoing plan of operation contains "forward looking
statements" within the meaning of Rule 175 of the Securities Act of
1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as
amended. The words "believe," "expect," "anticipate," "intends,"
"forecast," "project," and similar expressions identify forward-
looking statements. These are statements that relate to future
periods and include, but are not limited to, statements as to the
Registrant's estimates as to the adequacy of its capital resources,
its need and ability to obtain additional financing, the features and
benefits of its products, its growth strategy, the need for additional
sales and support staff, its operating losses and negative cash flow,
its critical accounting policies, its profitability and factors
contributing to its future growth and profitability. Forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from those projected. These
risks and uncertainties include, but are not limited to, those
discussed above, as well as risks related to the Registrant's ability
to develop new technology and introduce new products, its ability to
protect its intellectual property, and its ability to find additional
financing. These forward-looking statements speak only as of the date
hereof. The Registrant expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in
its expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.

ITEM 3. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures.

Within the 90 days prior to the end of the period covered by this
report, the Registrant carried out an evaluation of the effectiveness
of the design and operation of its disclosure controls and procedures
pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as
amended ("Exchange Act"). This evaluation was done under the
supervision and with the participation of the Registrant's president
and treasurer. Based upon that evaluation, they concluded that the
Registrant's disclosure controls and procedures are effective in
gathering, analyzing and disclosing information needed to satisfy the
Registrant's disclosure obligations under the Exchange Act.

Changes in Disclosure Controls and Procedures.

There were no significant changes in the Registrant's disclosure
controls and procedures, or in factors that could significantly affect
those controls and procedures since their most recent evaluation.

PART II B OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 2. CHANGES IN SECURITIES.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

Not Applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

Exhibits.

Exhibits included or incorporated by reference herein are set
forth in the attached Exhibit Index.

Reports on Form 8-K.

No reports on Form 8-K were filed during the second quarter of
the fiscal year covered by this Form 10-QSB.

SIGNATURES

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.

E.T. Corporation

Dated: May 14, 2004 By: /s/ Sidney B. Fowlds
Sidney B. Fowlds, President

Dated: May 14, 2004 By: /s/ Anthony V. Feimann
Anthony V. Feimann,
Secretary/Treasurer

EXHIBIT INDEX

Number Description

2.1 Debenture issued by Xanthos Management Corporation (formerly
known as Texas Petroleum Corporation) to the Registrant,
dated October 31, 1992 (incorporated by reference to Exhibit
2.1 of the Form 10-KSB filed on January 17, 2001).

2.2 Agreement and Plan of Merger between eCom.com, Inc., a
Colorado corporation, and eCom.com, Inc., a Nevada
corporation, dated June 5, 2000 (incorporated by reference
to Exhibit 2 to the Form 8-K filed on August 21, 2000).

3.1 Articles of Incorporation of the Registrant, dated May 30,
2000 (incorporated by reference to Exhibit 3.1 of the Form
10-QSB filed on August 21, 2000).

3.2 Certificate of Amendment of Articles of Incorporation of the
Registrant, dated April 11, 2002 (incorporated by reference
to Exhibit 3.2 of the Form 10-KSB filed on January 14, 2003).

3.3 Bylaws of the Registrant, dated June 10, 2000 (incorporated
by reference to Exhibit 3.2 of the Form 10-QSB filed on
August 21, 2000).

4.1 Employee Stock Incentive Plan, dated June 1, 2000
(incorporated by reference to Exhibit 4.1 of the Form S-8
filed on June 2, 2000).

4.2 Retainer Stock Plan for Non-Employee Directors and
Consultants, dated June 1, 2000 (incorporated by reference
to Exhibit 4.2 of the Form S-8 filed on June 2, 2000).

4.3 Amended and Restated Retainer Stock Plan for Non-Employee
Directors and Consultants (Amendment No. 1), dated October
22, 2001 (incorporated by reference to Exhibit 4 of the Form
S-8 filed on November 1, 2001).

4.4 Amended and Restated Stock Incentive Plan, dated January 18,
2002 (incorporated by reference to Exhibit 4 of the Form S-8
POS filed on February 6, 2002)

4.5 Amended and Restated Retainer Stock Plan for Non-Employee
Directors and Consultants (Amendment No. 2), dated May 1,
2002 (incorporated by reference to Exhibit 4.1 of the Form
S-8 POS filed on May 7, 2002).

4.6 Amended and Restated Stock Incentive Plan (Amendment No. 2),
dated May 1, 2002 (incorporated by reference to Exhibit 4.2
of the Form S-8 POS filed on May 7, 2002).

4.7 Amended and Restated Retainer Stock Plan for Non-Employee
Directors and Consultants (Amendment No. 3), dated March 15,
2003 (incorporated by reference to Exhibit 4 of the Form S-8
POS filed on April 10, 2003).

31.1 Rule 13a-14(a)/15d-14(a) Certification of Sidney B. Fowlds
(see below).

31.2 Rule 13a-14(a)/15d-14(a) Certification Anthony V. Feimann
(see below).

32 Section 1350 Certification of Sidney B. Fowlds and Anthony
V. Feimann (see below).