FIRST CAPITAL INTERNATIONAL INC
8-K, 2000-08-09
BLANK CHECKS
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

                 Date of Earliest Event Reported: July 24, 2000

                        FIRST CAPITAL INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

Delaware                            0-26271                    76-0582435
(State or other jurisdiction       (Commission File Number)   (IRS Employer
of incorporation or organization)                            Identification No.)


                  5120 Woodway, Suit 9004, Houston, Texas 77056
          (Address of principal executive offices, including zip code)

          (Address of principal executive offices, including zip code)

                              Voice: (713) 629-4866
              (Registrant's telephone number, including area code)


Item  2.     Acquisition  or  Disposition  of  Assets

     On  July  24,  2000  we  sold  our subsidiary, EIP Liisingu As, an Estonian
corporation  ("EIP").  The  buyer  was  Literary  Financing Limited, a Hong Kong
corporation,  which  purchased  all of the outstanding shares of EIP from us for
the  sum  of  $10,000.  EIP  is in the leasing business in Estonia.  We sold EIP
because  EIP  has  not  been  profitable  and  because EIP does not fit into our
current  business  model.  Our  current  business  model  is to start or acquire
businesses  that  can  be conducted as e-commerce entities on the Internet.  The
terms  and conditions of this transaction were determined by the parties through
arms  length  negotiations.  However,  no  appraisal  was  conducted.

Item  7.     Financial  Statements  and  Exhibits

     (A)     The  financial  information  will  be  filed  by amendment no later
             than  October  9,  2000.

     (B)     Exhibit  10.1  Sales  Agreement


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                                   SIGNATURES


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

                                      FIRST  CAPITAL  INTERNATIONAL,  INC.


Date:  July 27, 2000                  By:  /s/  Alex  Genin
                                      ------------------------------------
                                           Alex  Genin,  President


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