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 Report (Date of earliest event reported): October
14, 1997
INTERNATIONAL THOROUGHBRED BREEDERS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-9624 22-2332039
(State or other (Commission (I.R.S.Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 1232
Cherry Hill, New Jersey 08034
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (609)
488-3838
Item 4. Changes in Registrant's Certifying Accountant.
On October 14, 1997, the Registrant engaged BDO
Seidman, LLP, a national accounting firm, as its principal
accountants to audit its financial statements for the fiscal
year ended June 30, 1997. During the Registrant's two most
recent fiscal years or during the period from July 1, 1997
to October 13, 1997, BDO Seidman, LLP had not been engaged
as either the principal accountant to audit the Registrant's
financial statements, or as independent accountant to audit
a significant subsidiary of the Registrant. During the
Registrant's two most recent fiscal years, and during the
period from July 1, 1997 to October 13, 1997, the Registrant
did not consult BDO Seidman, LLP regarding either the
application of accounting principles to any transaction,
either completed or proposed, the type of audit opinion that
might be rendered on the Registrant's financial statements,
or any matter that was either the subject of a disagreement
or a reportable event.
SIGNATURE
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 thereunto duly
authorized.
Dated: October 20, 1997 INTERNATIONAL THOROUGHBRED
BREEDERS, INC.
By/s/Nunzio P. DeSantis
Nunzio P. DeSantis,
Chief Executive Officer
