FIRST ENTERTAINMENT HOLDING CORP
5, 1999-02-11
AMUSEMENT & RECREATION SERVICES
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                                  FORM 5
         UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

     ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

X Check box if no longer subject to Section 16.  Form 4 or From 5 obligations 
my continue. See instructions 1(b).

         Filed pursuant to Section 16(a) of the Securities Exchange Act of 
1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or 
Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person
Cynthia M. Jones
11650 Jackson Street
Thornton, CO 80233

2. Issuer Name and Ticker or Trading Symbol
First Entertainment Holding Corp. FTET

3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
2/99

5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person to Issuer
     Director    10% Owner
     Officer      Other (specify below)

7. Individual or Joint/Group Filing
X Form filed by One Reporting Person
  Form filed by More Than One Reporting Person

Table I- Non-Derivative Securities Acquired, Disposed Of, or Beneficially 
Owned

1. Title of Security

2. Transaction Date (Month/Date/Year)

3. Transaction Code
Code    

4. Securities Acquired(A) or Disposed of (D)
Amount     (A) or (D)     Price

5. Amount of Securities Beneficially Owned at End of Month

6. Ownership Form: Direct (D) or Indirect (I)

7. Nature of Indirect Beneficial Ownership

Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned 
(e.g. pots, calls, warrants options, convertible securities)

1. Title of Derivative Security

2. Conversion or Exercise Price of Derivative Security 

3. Transaction Date (Month/Date/Year)

4. Transaction Code

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

6. Date of Exercisable and Expiration Date (Month/Date/Year)
Date Exercisable            Expiration Date

7. Title and Amount of Underlying Securities
     Title              Amount of Number of Shares

8. Price of Derivative Securities Beneficially Owned at End of Month

9. Number of Derivative Security Direct(D) or Indirect(I)

10. Ownership Form of Derivative Security Direct(D)or Indirect(I)

11. Nature of Indirect Beneficial Ownership

/s/ Cynthia Jones               2/9/99
- -----------------              ---------
Signature of Reporting Person    Date


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