SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 29, 1999
INTERNATIONAL THOROUGHBRED BREEDERS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-9624 22-2332039
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
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
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Item 4. Changes in Registrant's Certifying Accountant.
On October 29, 1999, the Registrant engaged Stockton Bates,
LLP, 42 South 15th Street, Suite 600, Philadelphia, PA 19102 as its principal
accountants to audit its financial statements for the fiscal year ended June 30,
1999. During the Registrant's two most recent fiscal years or during the period
from July 1, 1998 to October 28, 1999, Stockton Bates, 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, 1998 to October 28, 1999, the Registrant did not consult
Stockton Bates, 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.
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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: November 1, 1999 INTERNATIONAL THOROUGHBRED
BREEDERS, INC.
By/s/William H. Warner
William H. Warner,
Treasurer and Chief Financial Officer
