UNITED STATES
                      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 period ended  - June 30, 2000
        
                                      OR

[ ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
             SECURITIES EXCHANGE ACT OF 1934
              For the transition period from

                      Commission file number 0-28931

                         MAS ACQUISITION XXIII CORP.
              (Name of Small Business Issuer in its charter)



                Indiana                                       35-2089858
    (State or other jurisdiction of                       (I.R.S. Employer
     incorporation or organization                      Identification Number)


     17 North Governor St., Evansville, Indiana           47711 
     (Address of principal executive offices)          (Zip Code)

     Registrant's telephone number, including area code: (812) 425-1050



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

     Securities registered under Section 12(g) of the Act:

               Common Stock, $.001 par value per share
                           (Title or class)

     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) has been subject to
     such filing requirements for the past 90 days.YES [x]   NO [ ]

     As of June 30, 2000, the Registrant has outstanding 8,519,900 shares
     of Common Stock.



<PAGE>



                         MAS Acquisition XXIII Corp.                     
                               Form 10-QSB
                            Quarterly Report
                              June 30, 2000 



PART I.  FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.


<TABLE>
<CAPTION>

(1) Financial Statements                                       Page
<S>                                                              <C>
     Balance Sheet at June 30, 2000                              3
     Statements of Operations for the three months and six
        months ended June 30, 2000 and 1999  and the period
        from inception (January 6, 1997) to June 30, 2000        4
     Statements of Cash Flows for the six months
        ended June 30, 2000 and 1999 and the period
        from inception (January 6, 1997) to June 30, 2000        5
     Notes to Unaudited Financial Statements                     6
     
(2) Management's Discussion and Analysis or Plan of Operation    7


PART II.OTHER INFORMATION

(6)  Exhibits and Reports on Form 8-K                            8

SIGNATURES                                                       9

</TABLE>



<PAGE>

                          MAS Acquisition XXIII Corp. 
                        (A Development Stage Company)
                                Balance Sheet
                                June 30, 2000
                                 (Unaudited)

<TABLE>
<CAPTION>

Assets

Current assets:
<S>                                               <C>
  Total current assets                            $      -

Other assets:
  Organization costs net of amortization of $64         26
                                                  --------
     Total assets                                 $     26
                                                  ========

            Liabilities and Stockholders' Equity

Current liabilities:
  Total current liabilities                       $      -

Stockholders' equity:
Preferred stock, $.001 par value
   20,000,000 shares authorized,
   none issued or outstanding                            -
Common stock, $.001 par value,
   80,000,000 shares authorized,
   8,519,900 shares issued and
   outstanding                                         111
   Deficit accumulated during the
    development stage                                  (85)
                                                  --------
     Total liabilities and stockholders' equity   $     26
                                                  ========
                                                  
</TABLE>


     Read the accompanying notes to the financial statements.
     
                                     3


<PAGE>

                           MAS Acquisition XXIII Corp.
                         (A Development Stage Company)
                           Statements of Operations
                                  (Unaudited)

<TABLE>
<CAPTION>

                                    Three Months              Six Months            Inception
                                   Ended  June 30,           Ended June 30,     (January 6, 1997)
                               ----------------------    ----------------------        to
                                  2000         1999         2000         1999    June 30, 2000
                               ---------    ---------    ---------    ---------  ---------------
<S>                            <C>          <C>          <C>          <C>          <C>

Revenue                        $       -    $       -    $       -    $       -    $       -

Costs and expenses:
 General and Administrative            5            5           10           10           85
                               ---------    ---------    ---------    ---------    ---------
   Net (loss)                  $      (5)   $      (5)   $     (10)   $     (10)   $     (85)
                               =========    =========    =========    =========    =========
Per share information:
 Weighted average number
 of common shares
 outstanding -
 basic and fully diluted       8,519,900    8,519,800    8,519,900    8,519,800    8,516,000
                               =========    =========    =========    =========    =========

 (Loss) per share -
 basic and fully diluted       $    (.00)   $    (.00)   $    (.00)   $    (.00)   $    (.00)
                               =========    =========    =========    =========    =========
                               
</TABLE>


                Read the accompanying notes to the financial statements.

                                       4
                                       

<PAGE>

                             MAS Acquisition XXIII Corp.
                           (A Development Stage Company)
                             Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                     Six Months            Inception
                                                    Ended June 30,     (January 6, 1997)
                                               ------------------------       to
                                                  2000         1999      June 30, 2000
                                               -----------  ----------- --------------
<S>                                              <C>         <C>           <C>

Cash Flows From Operating Activities:
  Net (loss)                                     $   (10)    $   (10)      $      (85)
Adjustments to reconcile net (loss) to net cash
 provided by (used in) operating activities:
  Amortization                                        10          10               64
  Issuance of common stock for services                -           -                2
  Gift shares issued                                   -           -               19
                                                 -------  -  -------       ----------
Net cash provided by (used in) 
  operations                                           -           -                -
                                                 -------     -------       ----------
Cash flows from investing activities:
Net cash provided by (used in)
  investing activities                                 -           -                -
                                                 -------     -------       ----------
Cash flows from financing activities:
Net cash provided by (used in)
  financing activities                                 -           -                -
                                                 -------     -------       ----------
Net increase (decrease) in cash and
  cash equivalents                                     -           -                -
                                                 -------     -------       ----------
Beginning cash and cash equivalents                    -           -                -
                                                 -------     -------       ----------
Ending cash and cash equivalents                 $     -     $     -       $        -
                                                 =======     =======       ==========

</TABLE>


     Read the accompanying notes to the financial statements.
                                      5
                                      

<PAGE>
                                      
                         MAS Acquisition XXIII Corp.                      
                       (A Development Stage Company)                      

                       Notes to Financial Statements                          
                            As of June 30, 2000     

(1) Basis Of Presentation

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles  ("GAAP") for interim financial 
information and Item 310(b) of Regulation SB.  They do not include all of the 
information and footnotes required by GAAP for complete financial statements.  
In the opinion of management, all adjustments (consisting only of normal 
recurring adjustments) considered necessary for a fair presentation have been 
included.  The results of operations for the periods presented are not 
necessarily indicative of the results to be expected for the full year.  For 
further information, refer to the financial statements of the Company as of 
December 31, 1999 and for the two years then ended and the period from inception
(January 6, 1997) to December 31, 1999, including notes thereto included in the 
Company's Form 10-SB.

(2) Earnings Per Share

The Company calculates  net income (loss) per share as required by SFAS No. 128,
"Earnings per Share." Basic earnings (loss) per share is calculated by dividing 
net income (loss) by the weighted average number of common shares outstanding 
for the period. Diluted earnings (loss) per share is calculated by dividing net 
income (loss) by the weighted average number of common shares and dilutive 
common stock equivalents outstanding. During the periods presented common stock 
equivalents were not considered as their effect would be anti-dilutive.

(3) Income Taxes

Deferred income taxes may arise from temporary differences resulting from 
income and expense items reported for financial accounting and tax purposes 
in different periods. Deferred taxes are classified as current or non-
current, depending on the classifications of the assets and liabilities to 
which they relate. Deferred taxes arising from temporary differences that 
are not related to an asset or liability are classified as current or non-
current depending on the periods in which the temporary differences are 
expected to reverse. The deferred tax asset related to the operating loss 
carryforward has been fully reserved.

The Company's net operating loss carryforwards expire through 2020.




                                                                               
                                                                               
                                   6

<PAGE>
                                   
 
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF
         OPERATIONS AND FINANCIAL CONDITIONS.

The following discussion should be read in conjunction with the
information contained in the financial statements of the Company
and the Notes thereto appearing elsewhere herein.

Results of Operations - Inception (January 6, 1997) through June 30,
2000.

The Company is considered to be in the development stage as defined
in Statement of Financial Accounting Standards No. 7. There have been
no operations since inception.

Liquidity and Capital Resources.

The Company has no cash as of June 30, 2000.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities 
Litigation Reform Act of 1995 (the "Reform Act"), the Company is hereby 
providing cautionary statements identifying important factors that could cause 
the Company's actual results to differ materially from those projected in 
forward-looking statements (as such term is defined in the Reform Act) made by 
or on behalf of the Company herein or orally, whether in presentations, in 
response to questions or otherwise.  Any statements that express, or involve 
discussions as to expectations, beliefs, plans, objectives, assumptions or 
future events or performance (often, but not always, through the use of words or
phrases such as "will result", "are expected to", "will continue", "is 
anticipated", "estimated", "projection" and "outlook") are not historical facts 
and may be forward-looking and, accordingly, such statements involve estimates, 
assumptions, and uncertainties which could cause actual results to differ 
materially from those expressed in the forward-looking statements.  Such 
uncertainties include, among others, the following:  (i) the Company's ability 
to obtain additional financing to implement its business strategy;  (ii) the 
financial condition of the Company's clients;  (iii) imposition of new 
regulatory requirements affecting the Company;  (iv) a downturn in general 
economic conditions (v) the delay or failure to properly manage growth and 
successfully integrate acquired companies and operations;  (vi) lack of 
geographic diversification;  and (vii) other factors which are described in 
further detail in the Company's filings with the Securities and Exchange 
Commission.

The Company cautions that actual results or outcomes could differ materially 
from those expressed in any forward-looking statements made by or on behalf of 
the Company.  Any forward-looking statement speaks only as of the date on which 
such statement is made, and the Company undertakes no obligation to update any 
forward-looking statement or statements to reflect events or circumstances after
the date on which such statement is made or to reflect the occurrence of 
unanticipated events.  New factors emerge from time to time, and it is not 
possible for management to predict all of such factors.  Further, management 
cannot assess the impact of each such factor on the business or the extent to 
which any factor, or combination of factors, may cause actual results to differ 
materially from those contained in any forward-looking statements.

                                      7
                                      

<PAGE>                                      

 
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 MATTERS TO A VOTE OF SECURITY HOLDERS
        None


ITEM 5. OTHER INFORMATION
        None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
A. Exhibits
   27.1 Financial Data Schedule (For SEC purposes only)
B. Reports on Form 8-K
   None



                                        8
                                        

<PAGE>
                                        
 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the 
 Securities and Exchange Act of 1934, the Registrant has duly caused this report
 to be signed on its behalf by the undersigned, thereunto duly authorized.



MAS ACQUISITION XXIII Corp.


                            
Date: July 5, 2000        

                           By: /s/ Aaron Tsai
                               ----------------------------------
                               Aaron Tsai
       President, Chief Executive Officer
       Treasurer and Director




                                      9
                                      

<PAGE>                                      
 

This schedule contains summary financial information extracted from the Balance 
Sheet at June 30, 2000 (unaudited) and the Statement of Operations for the Six 
months ended June 30, 2000 (unaudited) and is qualified in its entirety by 
reference to such financial statements.



<TABLE>       
<S>                                    <C>
[PERIOD-TYPE]                          6-MOS
[FISCAL-YEAR-END]                      DEC-31-2000
[PERIOD-END]                           JUN-30-2000
[CASH]                                 0
[SECURITIES]                           0
[RECEIVABLES]                          0
[ALLOWANCES]                           0
[INVENTORY]                            0
[CURRENT-ASSETS]                       0
[PP&E]                                 0
[DEPRECIATION]                         0
[TOTAL-ASSETS]                         26
[CURRENT-LIABILITIES]                  0
[BONDS]                                0
[PREFERRED-MANDATORY]                  0
[PREFERRED]                            0
[COMMON]                              111
[OTHER-SE]                            (85)
[TOTAL-LIABILITY-AND-EQUITY]           26
[SALES]                                0
[TOTAL-REVENUES]                       0
[CGS]                                  0
[TOTAL-COSTS]                          0
[OTHER-EXPENSES]                      (10)
[LOSS-PROVISION]                       0 
[INTEREST-EXPENSE]                     0
[INCOME-PRETAX]                       (10)
[INCOME-TAX]                           0
[INCOME-CONTINUING]                    0
[DISCONTINUED]                         0
[EXTRAORDINARY]                        0
[CHANGES]                              0
[NET-INCOME]                          (10)
[EPS-BASIC]                          0
[EPS-DILUTED]                          0

</TABLE>