SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REVISED
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)
January 9, 1997
PRINCETON AMERICAN CORPORATION
(Exact Name of Registrant as Specified in its Charter)
0-5141
(Commission File Number)
Nevada 22-1848644
(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
2222 East Camelback Road, Suite 200, Phoenix, AZ 85016
(Address of principal executive office)
(602) 954 2600
(Registrant's Telephone Number, Including Area Code)
FORM 8-K
CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The Company announced that its auditors, Semple & Cooper P.L.C.,
had resigned December 18, 1996, due to the Company's filing of
Chapter 11 proceedings, as the auditors feel it would compromise
their independence.
In accordance with Item 304 of Regulation S-B and related
instructions thereof we provide the required information as
follows:
(a)(1)(i) Accountant resigned.
(a)(1)(ii) Not applicable.
(a)(1)(iii) Not applicable.
(a)(1)(iv) There were no disagreements.
(a)(2) No new accountant has been retained.
(a)(2)(i) Not applicable.
(a)(2)(ii) Not applicable.
(a)(3) The accountant has been furnished with a copy of
this Form 8-K. A copy of the accountant's respond-
ing letter is attached as Exhibit A.
(b) Not applicable.
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SIGNATURES
Pursuant to the requirement 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.
PRINCETON AMERICAN CORPORATION
(Registrant)
By S/DALE E. EYMAN
DALE E. EYMAN, President
January 9, 1997
Date
