UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) February
12, 1996
National Capital Management Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-16819 94-3054267
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
50 California Street, San Francisco, CA 94111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415)989-2661
(Former name or former address, if changed from last report.)
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FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant
Regulation S-K Item 304
(a)(2):On February 12, 1996, the Registrant has engaged
Arthur Andersen LLP as its principal accountant to
audit its financial statements for the year ended
December 31, 1995.
(i) The Registrant (or someone on its behalf)
has not consulted Arthur Andersen LLP with respect to
an application of accounting principles or a type of
audit opinion during 1994, 1995 and 1996.
(ii)The Registrant (or someone on its behalf) has not
consulted Arthur Andersen LLP with respect to a
disagreement or a reportable event during 1994, 1995
and 1996.
Item 7. Financial Statements and Exhibits
The following document is filed as part of this report:
(c) Exhibit:
(99)
(1) Letter from Arthur Andersen LLP regarding
its concurrence with this report will be
filed by Form 8 when it is available.
(2) Letter from former accountant regarding
its agreement or disagreement with the
information contained in this report will
be filed by Form 8 when it is available.
Signature
Pursuant to the requirements 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.
NATIONAL CAPITAL
MANAGEMENT CORPORATION
Date: February 16, 1996 By:/s/Herbert J. Jaffe
Herbert J. Jaffe
President
