<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-60761
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED AUGUST 27, 1998)
CONSOLIDATED CAPITAL OF NORTH AMERICA, INC.
18,007,714 Common Shares
The selling shareholder information set forth on pages 11 and 12 is
revised to substitute Capital Fund Leasing, LLC for Vasilli Fund Limited and
the first line of the selling stockholder table on page 12 and the related
footnotes (b) on page 14 and (1) on page 15 are revised as follows:
<TABLE>
<CAPTION>
Shares to be Owned
Upon Completion
Total Number Of Offering
Shares Beneficially of Shares to be
Name of Selling Owned Prior Offered for Selling Percentage
Shareholder to Offering Shareholder's Account Number of Class
- ----------- ----------- --------------------- ------ ----------
<S> <C> <C> <C> <C>
Capital Fund 3,909,853(1) 852,711(1) 3,057,142 11.13%
Leasing, LLC(b)
</TABLE>
(b) 9140 Ravenna Road, Unit 2, Twinsburg, Ohio 44087. The information
relating to Capital Fund Leasing, LLC is as of October 9, 1998.
(1) Includes 789,547 shares issuable upon conversion of $500,000 principal
of 10% Convertible Notes (at an assumed conversion price of $.633275)
and 63,164 shares issuable upon payment of interest in Common Shares
(at an assumed issuance price of $.791594). The selling shareholder
also owns $1,000,000 principal of 15% Convertible Notes convertible
into 2,857,143 Common Shares at a conversion price of $.35 and 200,000
Common Shares.
The date of this Prospectus Supplement is
October 9, 1998
