MCSTOTTS PHILIP L
3/A, 1999-09-22
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 3/A
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

1.  Name and Address of Reporting Person: Phillip L. McStotts,
      746 W. Quaking Aspen Dr., Murray, UT 84123

2.  Date of Event Requiring Statement (Month/Date/Year): 06/25/1999


3.  IRS or Social Security Number of Reporting Person (Voluntary):


4.  Issuer Name and Ticker or Trading Symbol: NATEX CORPORATION (NATX)


5.  Relationship of Reporting Person(s) to Issuer (Check all Applicable)
     (X) Director (X) Officer, give title below ( ) 10% Owner ( ) Other
     Title: Secretary/Treasurer

6.  If Amendment, Date of Original (Month/Day/Year): 07/12/1999

7.  Individual or Joint/Group Filing (Check Applicable Line)
     (X) Form filed by One Reporting Person
     ( ) Form filed by More than One Reporting Person

TABLE I - Non-Derivative Securities Beneficially Owned

1. Title of Security: Common Stock

2. Amount of Securities Beneficially Owned: 32,500

3. Ownership Form: Direct(D)or Indirect(I): D

4.  Nature of Indirect Beneficial Ownership: N/A

TABLE II - Derivative Securities Beneficially Owned

1. Title of Derivative Security: Warrant

2. Date Exercisable (Month/Day/Year): 5/7/1999
   Expiration Date(Month/Day/Year):  3/30/2002

3. Title:  Common Stock
   Amount of Securities Underlying Derivative Security (Amount of Number of
shares):  20,000

4. Conversion or Exercise Price of Derivative Security: $ 1.00

5. Ownership Form of Derivative Security: Direct (D) or Indirect (I): D

6. Nature of Indirect Beneficial Ownership: N/A

Explanation of Responses:

Signature of Reporting Person: /s/Phillip L. McStotts
Date: 9/21/99



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