FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
Olson, Doug R.
5495 Marion Street
Denver, CO 80216
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
7/99
5. If Amendment, Date of Original (Month/Year)
8/99
6. Relationship of Reporting Person to Issuer
x 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
Common Stock
Common Stock
Common Stock
Common Stock
Common Stock
Common Stock
2. Transaction Date (Month/Date/Year)
7/1/99
7/12/99
7/12/99
7/13/99
7/14/99
3. Transaction Code
Code V
J
S
S
S
S
4. Securities Acquired(A) or Disposed of (D)
Amount (A) or (D) Price
20,000 (A)
2,000 (D) 1.64
8,000 (D) 1.76
5,000 (D) 1.67
8,000 (D) 1.61
5. Amount of Securities Beneficially Owned at End of Month
53,000
51,000
43,000
38,000
30,000
483,366
6. Ownership Form: Direct (D) or Indirect (I)
(I)
(I)
(I)
(I)
(I)
(D)
7. Nature of Indirect Beneficial Ownership
Creative Business Services, Inc.
Creative Business Services, Inc.
Creative Business Services, Inc.
Creative Business Services, Inc.
Creative Business Services, Inc.
Table II Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g. pots, calls, warrants options, convertible securities)
1. Title of Derivative Security
Common stock options
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)
1,200,000
10. Ownership Form of Derivative Security Direct(D)or Indirect(I)
(D)
11. Nature of Indirect Beneficial Ownership
/s/ Doug Olson 11/02/99
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Signature of Reporting Person Date
