U.S. 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): January 7, 1999
AMERICAN ASSET MANAGEMENT CORPORATION
(Exact name of registrant as specified in its charter)
NEW JERSEY 0-19154 22-2902677
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
150 Morristown Road, Suite 108, Bernardsville, New Jersey 07924
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(908) 766-1701
________________________________________________________________
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
On January 7, 1999 the Registrant engaged Grant Thornton,
LLP, as its principal independent accountant who will report on
the financial statements of the Registrant for the year ended
December 31, 1998.
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SIGNATURES
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 thereunto duly authorized.
AMERICAN ASSET MANAGEMENT CORPORATION
By:_s/Richard G. Gagliardi___________
Richard G. Gagliardi
President
Date: January 7, 1999
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