Filing Pursuant to Rule 424(b)(3)

                                            Registration Statement No. 333-75507

                           PROSPECTUS SUPPLEMENT NO. 1
                      TO PROSPECTUS DATED OCTOBER 20, 1999

                               CYBERSHOP.COM, INC.
                            (NOW KNOWN AS GSV, INC.)

      The purpose of this Prospectus Supplement No. 1 is to reflect that on June
13, 2000 Montrose Investments L.P., a Selling Stockholder, transferred its
immediately exercisable warrant to purchase 78,461 shares of Common Stock (the
"Warrant") to HBK Master Fund L.P., the General Partner of Montrose Investments
Ltd. Accordingly, Montrose Investments L.P. is no longer a Selling Stockholder
with respect to the 78,461 shares of Common Stock issuable on the exercise of
the Warrant and HBK Master Fund L.P. is now the Selling Stockholder with respect
to the 78,461 shares of Common Stock issuable on the exercise of the Warrant.

      The date of this Prospectus Supplement No. 1 is July 25, 2000.