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FORM 5
/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions Reported of 1940
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|1.Name and Address of Reporting Person |2.Date of Event Re- |4. Issuer Name and Ticker or Trading Symbol |
| | quiring Statement | NEW HILARITY MINING COMPANY |
| COGHLAN JOHN R | (Month/Day/Year) | |
|---------------------------------------| 12-31-1998 |---------------------------------------------------------------|
| (Last) (First) (MI) |---------------------|5.Relationship of Reporting Person to Issurer|6.If Amendment, |
| |3.IRS or Social Se- | (Check all applicable) | Date of Original|
| 5102 SOUTH MORRILL LANE | curity Number of | _X_ Director _X_ 10% Owner | (Month/Day/Year)|
|---------------------------------------| Reporting Person | _X_ Officer (give ___ Other (specify | |
| (Street) | (Voluntary) | title below) below) |-----------------|
| | | President |7. Individual or |
| | ###-##-#### | | Joint/Group |
| | | | Filing (Check |
| | | | applicable line)|
| | | |_X_ Form filed by|
| SPOKANE WA 99223 | | | One Reporting |
|---------------------------------------|---------------------|----------------------------------------------| Person |
| (City) (State) (Zip) | |___ Form filed by|
| | TABLE I - Non-Derivative Securities Acquired, | More than One |
| | Disposed of, or Beneficially Owned | Reporting Person|
_______________________________________________________________________________________________________________________________|
|1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of Securi- |6.Dir |7.Nature of Indirect |
| |Transaction| or Disposed of (D) | ties Beneficially |ect | Beneficial Ownership|
| |Date |Code| | Owned at End of |(D)or | |
| | | | | A/| | Issuer's Fiscal |Indir | |
| | | | Amount | D | Price | Year |ect(I)| |
______________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C> <C>
| COMMON STOCK | | | | | | 1,284,820 | D | |
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| | | | | | | | | |
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Reminder: Report of a separate line for each class securities owned directly
or indirectly.
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
__________________________________________________________________________________________________________________________________|
|1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
| Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
| |or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
| |cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
| |ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
| |Deriva | | | |Date |Expir| |Amount or | |ficially |Ind| |
| |tive | | | |Exer-|ation| |Number | |Owned at |ire| |
| |Secu | | | |cisa-|Date | Title |of Shares | |End of |ct | |
| |rity | | | A | D |ble | | | |Year |(I)| |
__________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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__________________________________________________________________________________________________________________________________|
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Explanation of Responses:
/s/ JOHN R. COGHLAN 04-12-2000
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
