FORM 3
United States Securities and Exchange Commission
Washington, D.C. 20549
Initial Statement of Beneficial Ownership of Securities
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, Douglas Ray
5495 Marion Street
Denver, Co 80216
2. Date of Event Requiring Statement
2/22/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
First Entertainment Holding Corp. FTET
5. Relationship of Reporting Person to Issuer
X Director 10% Owner
Officer Other
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint Group Filing
x Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table 1- Non-Derivative Securities Beneficially Owned
1. Title of Security
Common Stock
Common Stock
2. Amount of Securities Beneficially Owned
483,366
15,000
3. Ownership Form: Direct (D) or Indirect (I)
(D)
(I)
4. Nature of Indirect Beneficial Ownership
Creative Business Services, Inc.
Table II- Derivative Securities Beneficially Owned (e.g. puts, calls,
warrants, options, convertible securities)
1. Title of Derivative Security
2. Date Exercisable and Expiration Date (Month/Date/Year)
3. Title and Amount of Securities Underlying Derivative Security
4. Conversion or Exercise Price of Derivative Security
5. Ownership Form of Derivative Security Direct (D) or Indirect (I)
6. Nature of Indirect Beneficial Ownership
/s/ Doug Olson March 4, 1999
- ----------------- ----------------
Signature of Reporting Person Date
