UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                                    FORM 10-Q

(Mark One)
[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF  THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the quarter ended March 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: 0-16075


                      CENTURY PACIFIC FINANCIAL CORPORATION
               --------------------------------------------------
               (Exact name of Registrant as specified in charter)


                  Delaware                                   86-0449546
      -------------------------------                 --------------------------
      (State or other jurisdiction of                 (I.R.S. Employer I.D. No.)
       incorporation or organization)


1422 N. 44th Street, Suite 211, Phoenix, AZ                     85008
-------------------------------------------                   ----------
  (Address of principal executive offices)                    (Zip Code)


         Issuer's telephone number, including area code: (602) 267-7007


Check  whether  the Issuer  (1) has filed all  reports  required  to be filed by
section 13 or 15(d) of the  Exchange  Act during the past 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.

                    (1) Yes [ ] No [X]     (2) Yes [X] No [ ]

State the number of shares outstanding of each of the Issuer's classes of common
equity as of the latest  practicable  date:  At December  31,  1998,  there were
51,469,842 shares of the registrant's Common Stock outstanding.

<PAGE>
                                TABLE OF CONTENTS

                                                                           Page
                                                                           ----

PART I


  ITEM 1 - FINANCIAL STATEMENTS ...........................................  3

      Condensed Consolidated Balance Sheets for 3 Months Ended
         March 31, 1999...................................................   4
      Condensed Consolidated Statement of Operations for 3 Months Ended
         March 31, 1999 and 1998..........................................   5
      Consolidated Statements of Cash Flows for 3 Months Ended
         March 31, 1999 and 1998..........................................   6
      Notes to Condensed Consolidated Financial Statements ...............   7


  ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS ............................  8


PART II


  ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K ...............................  9

SIGNATURES ................................................................  9

INDEX TO EXHIBITS ......................................................... 10

                                      -2-

<PAGE>

                                     PART I


Item 1. Financial Statements

     The financial statements included herein have been prepared by the Company,
without  audit,  pursuant to the rules and  regulations  of the  Securities  and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in financial  statements prepared in accordance with generally accepted
accounting principles have been omitted.  However, in the opinion of management,
all  adjustments  (which include only normal  recurring  accruals)  necessary to
present fairly the financial  position and results of operations for the periods
presented  have been made. The results for interim  periods are not  necessarily
indicative  of trends or of results  to be  expected  for the full  year.  These
financial statements should be read in conjunction with the financial statements
and notes thereto included in the Company's most recent report on Form 10-K.

                                      -3-

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)

                                             March 31, 1999    December 31, 1998
                                             --------------    -----------------
ASSETS

Current Assets
     Cash                                     $       298         $      (907)
                                              -----------         -----------
    Total Assets                              $       298         $      (907)
                                              -----------         -----------
LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts Payable                                  --                  --
     Notes Payable                                     --                  --

     Accrued Liabilities                      $       507         $       529
     Other Liabilities                                 --                  --
                                              -----------         -----------
     Total Current Liabilities                $       507         $       529
                                              -----------         -----------
Stockholders' Equity
     Common Stock                             $ 2,010,106         $ 2,010,106
     Capital                                    1,346,106           1,346,106
     Retained Earnings                         (3,355,857)         (3,356,522)
     Net Income                                       588                 665
                                              -----------         -----------
     Total Stockholders' Equity               $       209         $       355
                                              -----------         -----------
Total Liabilities & Stockholders Equity       $       298         $       907
                                              ===========         ===========


                                      -4-

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                   (UNAUDITED)


                               For 3 Months  For 3 Months
                                  Ended         Ended        YTD          YTD
                                 3/31/99       3/31/98       1999         1998
                                 --------      --------    --------     --------
Revenues
  Financial Services            $ 13,246      $ 10,422    $ 25,338     $ 21,215
                                --------      --------    --------     --------
  Total Revenues                $ 13,246      $ 10,422    $ 25,338     $ 21,215
                                --------      --------    --------     --------
Expenses
  Accounting                    $    206      $    669    $    634     $    363
  Office                             403                       536          122
  Advertising                        298                       751        2,115
  Maintenance/Repair                               200                      200
  Postage                             59           109         187          177
  Rent                             2,561         2,560       5,119        5,122
  Storage                            244           249         488          514
  Telephone                        1,432         1,027       2,590        2,559
  Payroll Taxes                      359           386         409          521
  Salaries, Employees              3,584         3,584       7,280        7,840
  Other                            2,905           780       4,860          160
  Insurance                                                     63          500
  Delivery                                         110
  Dues, Subscriptions,
    License, Fees                  1,783                     2,033        1,370

Total Expenses                  $ 13,834      $ 10,277    $ 25,260     $ 21,563
                                --------      --------    --------     --------
Earnings before Income Taxes    $   (588)     $    145    $     77     $   (348)
                                --------      --------    --------     --------
Provisions for Income Taxes           --            --          --           --
                                --------      --------    --------     --------
Net Earnings                    $   (588)     $    145    $     77     $   (348)
                                ========      ========    ========     ========
Net Earnings Per Share                 0             0           0            0
                                ========      ========    ========     ========

                                      -5-

<PAGE>
                         CENTURY PACIFIC FINANCIAL CORP.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                            For 3 Months           For 3 Months
                                               Ended                  Ended
                                              3/31/99                3/31/98
                                             ---------              ---------
Cash from Operations
  Net Income                                 $      77              $    (349)
                                             ---------              ---------
  Adjustments to Reconcile Net Income
   to Net Cash Provided by Operating
   Activities
   Accounts Payable                          $     445              $     (80)
   FWT Payable                                (509,093)
   FICA                                            234
   Medicare                                        222
   SWT Payable                                      52
                                             ---------              ---------
Total Adjustments                            $(508,116)
                                             ---------              ---------

Net Cash Provided by Operations              $(508,039)             $    (429)
                                             ---------              ---------
Cash from Investing Activity                 $       0              $       0
Cash from Financing Activity                 $       0              $       0
Net Increase (Decrease) in Cash              $ 500,268              $    (429)
                                             ---------              ---------

Beginning Cash Balance                       $     907              $    (244)
                                             ---------              ---------

Cash Balance at End of Period                $     298              $      85
                                             ---------              ---------

Net Increase (Decrease) in Cash              $    (609)
                                             =========              =========

                                      -6-

<PAGE>
                         CENTURY PACIFIC FINANCIAL CORP.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


     BASIS OF PRESENTATION.  The consolidated  financial  statements include the
     accounts of Century Pacific Financial Corporation and its subsidiaries.  In
     the  opinion  of  management,   the  accompanying   unaudited  consolidated
     financial  statements  contain all  adjustments  (consisting of only normal
     recurring   adjustments,   primarily   eliminations   of  all   significant
     intercompany  transactions  and accounts)  necessary to present  fairly the
     financial  position,  results of operations  and cash flows for the periods
     presented.  Certain financial  statement items from the prior year may have
     been  reclassified  to  be  consistent  with  the  current  year  financial
     statement presentation.

     These consolidated  financial statements should be read in conjunction with
     the consolidated financial statements and the related disclosures contained
     in the Company's  Annual  Report of Form 10-K for the year ended  September
     30, 1998, filed with the Securities and Exchange Commission.

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

     CONDENSED  FINANCIAL  STATEMENTS.   The  unaudited  condensed  consolidated
     financial  information  contained in this report  reflects all  adjustments
     (consisting of normal  recurring  accruals)  considered  necessary,  in the
     opinion of management,  for a fair  presentation of results for the interim
     periods presented.  Certain information and footnote  disclosures  normally
     included in financial  statements  prepared in  accordance  with  generally
     accepted  accounting  principles  have been  condensed  or  omitted.  These
     financial  statements  should  be read in  conjunction  with the  financial
     statements  and notes  thereto  included in the Company's  10-K F.Y.  dated
     September 30, 1998,  Annual Report on form 10-K.  The results of operations
     for  periods  ended  March 31,  1999,  are not  necessarily  indicative  of
     operations for the full year.

     STOCK OPTION PLANS. None outstanding.

     PREFERRED STOCK.  The Company has one class of preferred  stock.  5,000,000
     shares of  .05000  par  value  preferred  stock  remaining  authorized  but
     unissued.

     WARRANTS. None

                                      -7-

<PAGE>

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

     This analysis should be read in conjunction with the condensed consolidated
financial statements,  the notes thereto, and the financial statements and notes
thereto  included in the  Company's  September  30, 1998 , Annual Report on Form
10-K. All  non-historical  information  contained in this form 10-K is a forward
looking statement.  The forward-looking  statements contained herein are subject
to certain  risks and  uncertainties  that could cause actual  results to differ
materially from those reflected in the forward looking statements.  Factors that
might cause such  differences  include  changes from the  traditional  marketing
patterns of financial  services  instruments,  such as,  stocks,  bonds,  mutual
funds, and insurance products.  A change from the traditional role of commission
broker to salaried marketing executives or the use of internet marketing systems
which  may  function  substantially  without  sales  personnel,  instead,  those
individuals  being  replaced by registered  order clerks  accepting  unsolicited
transactions.  Substantially  diminished  commission  levels per transaction may
result in lower revenues for these  activities.  Increased  foreign and domestic
competition  may put  pricing  pressures  on goods sold or imported . Changes in
economic trends, war, and other unforeseen situations or developments may result
because of domestic  political  pressures.  Readers are  cautioned  not to place
undue reliance on these forward looking statements,  which reflect  management's
analysis only as of the date hereof.

     YEAR 2000 ISSUE:  The Company  recognizes that the arrival of the Year 2000
poses a unique  challenge  to the ability of all  computerized  data  processing
systems to recognize the date change from December 31, 1999, to January 1, 2000,
and, like other companies,  has assessed its computer  applications and business
procedures to provide for their  continued  functionality.  An assessment of the
readiness  of  external  entities  which it  interfaces  with,  such as vendors,
counterparties,  payment systems,  and others, is ongoing.  Initial contact with
these external entities was completed by the fourth quarter of 1998. The company
does not  expect  the cost to  address  the Year 2000 will be  material  and has
determined  that the software it utilizes in its  operations  will be compatible
with the Year 2000 requirements.

     RESULTS OF OPERATIONS.  Comparison of  three-month  periods ended March 31,
1999 and 1998. Revenues for the second quarter of the fiscal year of $13,246 are
virtually the same as $10,422 of the prior year. Nine month comparative  figures
reflect  similar low level  revenues due to the  continued  relatively  inactive
state of the company.  Release from the Chapter 11  Bankruptcy  proceedings  has
allowed the Company to seek new  sources of revenue  and  acquisitions  that are
expected to build both a capital  base,  revenues,  and profits.  The  operating
expenses of $ 13,834 reflect final payment of bills incurred to attain legal and
accounting assistance to prepare the documents required for release from Chapter
11 Bankruptcy  status as well as other normal expenses.  Other expenses remained
virtually the same for the 1999 period as compared with those of 1998.

     During the months of October and  November  with Federal  Bankruptcy  Court
approval which gave  authorization  to proceed with the terms of  reorganization
under  protection of Chapter 11 Bankruptcy debt settlements in the form of minor
amounts of cash or the issue of unrestricted shares of Century stock were made.

     On January 4, 1999, the Court acknowledged  substantial  consumation of the
Joint Plan and closure of the bankruptcy  estates.  The "Plan",  as amended with
debt  amounts  and  settlement  terms,  is  attached  herewith  along with other
pertinent exhibits.

     LIQUIDITY  AND CAPITAL  RESOURCES.  The  Corporation  has managed to remain
current in its payable  accounts due to drastic cost cutting for  facilities and
services.

                                      -8-

<PAGE>

 
                                   PART II


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

     (a)  EXHIBITS

           2 -- Court Order Closing Estates
          99 -- Letter to SEC
          27 -- Financial Data Schedule

     (b)  REPORTS ON FORM 8-K

          The Company did not file any reports on Form 8-K during the period
          covered by this report.



                                   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.

                                        CENTURY PACIFIC FIDELITY CORPORATION


Dated January 10, 2000                  By /s/ Carlton V. Phillips
                                           -------------------------------------
                                           Carlton V. Phillips
                                           Chairman of the Board, President and
                                           Chief Executive Officer


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report has been signed below by the following person on behalf of the Registrant
and in the capacities and on the date indicated.

 Signature and Title                           Date
 -------------------                           ----


/s/ Carlton V. Phillips                   January 10, 2000
-------------------------------
Carlton V. Phillips
Treasurer and Director

                                      -9-

<PAGE>

                                INDEX TO EXHIBITS


       Exhibit No.              Description
       -----------              -----------

            2           Court Order Closing Estates

            99          Letter to SEC




JAMES M. LAGANKE P.C.
202 E. Earll, #340
Phoenix, Arizona 85012
(602) 279-6399
FAX (602) 279-5509

James M. LaGanke/SBN 006913

Attorney for the Debtors

                     IN THE UNITED STATES BANKRUPTCY COURT
                          FOR THE DISTRICT OF ARIZONA

In re:                            )     No. 96-09598-PHX-GBN
                                  )
CENTURY PACIFIC GLOBAL            )     Chapter 11 Proceeding
COMMERCE, LTD.,                   )
                                  )
                         Debtor,  )
                                  )
__________________________________)     No. 96-00935-PHX-RTB
In re:                            )
                                  )
                                  )     Chapter 11 Proceeding
CENTURY PACIFIC                   )
CORPORATION, also known as        )
CENTURY PACIFIC FINANCIAL         )     ORDER CLOSING ESTATES
CORPORATION,                      )
                                  )
                         Debtor.  )
__________________________________)

     Debtors'  Joint Plan of  Reorganization  having been  approved and an Order
Confirming Debtors' Plan of Reorganization having been entered on July 22, 1998;
and Affidavits having been filed showing  substantial  consummation of the steps
taken  (including  instructions  to the transfer  agent for the issuance of free
trading stock  certificates to the Nevada  corporations known as Century Pacific
Global Commerce, Inc., Global I, Inc. and Global II, Inc.) pursuant to the Joint
Plan under ss.  1145 of the  Bankruptcy  Code;  and the Century  Pacific  debtor
continuing to conduct business as "Century Pacific Financial  Corporation",  and
this matter  having come before the Court on the  Objection of the United States
Trustee  in  connection  with the  payment of post  petition  fees
 to the United
States Trustee's office,  and the United States Trustee affirming that the total
fees in the three cases have been fully paid, it is

<PAGE>
     ORDERED that the Joint Plan has been  substantially  consummated;  that the
caption be amended as set forth in this Order as to the Century  Pacific  debtor
to reflect its current  dba;  that the estates of the debtors are hereby  closed
effective  Dec. 30, 1998 subject only to the  ministerial  steps  necessary  for
completion  of the pending  issuance of shares of stock  pursuant to ss. 1145 of
the Bankruptcy Code to the Nevada  corporations formed as Global I, Inc., Global
II, Inc. and Century Pacific Global Commerce, Inc.

     Dated this 4th day of January 1999.

                                             /s/ Redfield T. Baum
                                             -----------------------------------
                                             The Honorable Redfield T. Baum
                                             United States Bankruptcy Judge

APPROVED:

/s/ Elizabeth C. Amorosi
--------------------------------------
Elizabeth C. Amorosi
Attorney for United States Trustee



<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL  STATEMENTS  FOR THE QUARTER  ENDED MARCH 31, 1999 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                             298
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   298
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                     298
<CURRENT-LIABILITIES>                              507
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,010,106
<OTHER-SE>                                 (2,016,404)
<TOTAL-LIABILITY-AND-EQUITY>                       298
<SALES>                                         13,246
<TOTAL-REVENUES>                                13,246
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                13,834
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (588)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (588)
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0
        

</TABLE>





CENTURY PACIFIC FINANCIAL CORPORATION
1422 N. 44TH STREET, SUITE 211
PHOENIX, AZ 85008
PHONE - 602-267-7007
FAX - 602-267-0373


March 31, 1999

Ms. Sarah D. Moyed
United States Securities and Exchange Commission
Pacific Regional Office
11th Floor
5670 Wilshire Blvd.
Los Angeles, CA 90036-3648


RE: Century Pacific Corporation, renamed Century Pacific Financial Corporation
    Bankr. Case No. 96-935-PHX-RTB

Dear Ms. Moyed:

Enclosed herewith are the several pertinent documents regarding the Chapter 11
Bankruptcy of Century Pacific Corporation, subsequently renamed Century Pacific
Financial Corporation.

1.   Commencement of Case Notice dated 1/29/96
2.   Order Approving Disclosure Statement dated 6/18/98
3.   Amended Joint Disclosure Statement dated 6/19/98
4.   Ballot for Plan Acceptance filed 6/19/98
5.   Order Confirming Joint Plan of Reorganization dated 7/22/98
6.   Affidavit of Substantial Completion dated 12/11/98
7.   Order Closing Estates dated 1/4/99

Attorney James LaGanke, Esq., has complied as requested for all information to
the U.S. Bankruptcy Court, P.O. Box 34151, Phoenix, AZ 85067-4151, and was
noticed by your office to forward duplicates to your attention.

Sincerely yours,

/s/ Carlton V. Phillips

Carlton V. Phillips, President
Century
 Pacific Financial Corporation, formerly Century Pacific Corporation