HOLOBEAM INC
8-K/A, 1996-11-21
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                                   FORM 8-K
                                CURRENT REPORT

             (As last amended in Rel. No. 34-25113, eff. 1/30/95.)

                                 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 Report (Date of earliest event reported)     11/13/96     


                    Holobeam, Inc.                                


Delaware                           0-3385              22-1840647 
(State or other jurisdiction     (Commission         (IRS Employer
of incorporation)                File Number)  Identification No.)


540 Ravine Court, Wyckoff, N.J.                           07481   
(Address of principal executive offices)                (Zip Code)


Registrant's telephone number, including area code  201-445-2420  

                                                                  
            (Former name or address, if changed since last report.)

<PAGE>

                                HOLOBEAM, INC.
                                   Form 8-K
                               November 13, 1996


Item 1.   Changes in Control of Registrant - Not applicable

Item 2.   Acquisition or Disposition of Assets - Not applicable

Item 3.   Bankruptcy or Receivership - Not applicable

Item 4.   Changes in the Registrant's Certifying Accountant

          (i)     The former accountants were dismissed on November
                  13, 1996. The principal partner responsible for the
                  audit engagement died prior to the Registrant
                  receiving an engagement letter for the audit for
                  the fiscal year ended September 30, 1996.

          (ii)    The principal accountants' report on the financial
                  statements for either of the past two years did not
                  contain an adverse opinion or a disclaimer of
                  opinion nor was qualified or modified as to
                  uncertainty, audit scope or accounting principles.

          (iii)   The decision to change accountants was recommended
                  and approved by the Board of Directors. (The
                  Registrant does not maintain an audit committee.)

          (iv)    There were no disagreements with the former
                  accountants on any matter of accounting principles
                  or practices, financial statement disclosure,
                  auditing scope or procedure during the two most
                  recent fiscal years and any subsequent interim
                  period preceding the change in accountants.

          (v)     There were no events that occurred within the
                  Registrant's two most recent fiscal years and any
                  subsequent interim period preceding the prior
                  accountants dismissal leading to any disagreements
                  whatsoever and in particular those listed in item
                  304(a)(2)(v)(A) through (D) of Regulation S-K.


<PAGE>


                                HOLOBEAM, INC.
                                   Form 8-K
                               November 13, 1996


          (vi)    The newly engaged accounting firm is Fredericks and
                  Company, Certified Public Accountants, P.O. Box
                  206, 304 Hackensack Street, Wood-Ridge, New Jersey
                  07075. Fredericks and Company was engaged on
                  November 14, 1996.

                  The registrant did not engage or consult with
                  Fredericks and Company on any matter whatsoever,
                  including written reports, oral advice or type of
                  opinion on the Registrant's financial statements or
                  application of accounting principles for each of
                  the Registrant's two most recent fiscal years and
                  subsequent interim periods.

Item 5.   Other events - Not applicable

Item 6.   Resignations of Registrant's Directors - Not applicable

Item 7.   Financial Statements and Exhibits - Not applicable

Item 8.   Change in Fiscal Year - Not applicable


<PAGE>

                               HOLOBEAM, INC.
                                  Form 8-K              
                             November 13, 1996 

                               EXHIBIT INDEX

EXHIBIT NO.                      DESCRIPTION                      PAGE #        
- -----------                      -----------                      ------

(16)               Letter - Re: Change in Certifying Accountants
                            Letter received from predecessor 
                            accountants indicating agreement with
                            disclosures made by the Registrant in
                            Form 8-K dated November 13, 1996.        6


<PAGE>


                                HOLOBEAM, INC.
                                  Signatures
                                   Form 8-K
                               November 13, 1996


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.


Date: November 14, 1996



                                          Holobeam, Inc.

                                          Registrant


                                                              
                                          William M. Hackett
                                          Treasurer and Director


                ISRAELOW, LIPTON, GILLIO, MEYEROWITZ & MELTZER
                            Accountants - Auditors
                              2444 Morris Avenue
                         UNION, NEW JERSEY 07083-5711

November 16, 1996

United States
Securities and Exchange Commission                   Re: Holobeam, Inc.
Washington, DC 20549                                     Form 8-K

Gentlemen:

We have reviewed form 8-K for Holobeam, Inc. dated November 13,
1996.

We are in agreement with item 4. Changes in the Registrant's
Certifying Accountants as it relates to our firm.


For the firm


Saul S. Meyerowitz





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