INSTITUTIONAL EQUITY HOLDINGS INC /NV/
NT 10-Q, 2000-05-15
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

[   ] Form 10-K  [   ] Form 11-K  [   ] Form 20-F

[ X  ] Form 10-Q  [   ]  Form N-SAR

For Period Ended: March 31, 2000
                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 10-Q
                       [ ] Transition Report on Form 20-F
                       [ ] Transition Report on Form N-SAR
                       [ ] Transition Report on Form 11-K

For Period Ended:  March 31, 2000

         Read attached  instruction sheet before preparing form. Please print or
type.

         Nothing in this form shall be  construed  to imply that the  Commission
has verified any information contained herein.

         If the  notification  relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

                         Part I. Registrant Information

          Full name of registrant: Institutional Equity Holdings, Inc.
                    Former name if applicable: Euromed Inc.
                     Address of principal executive office
                 (street and number) 5910 North Central Expressway suite 1480
                 City, State and Zip Code: Dallas, Texas 75246

                        Part II. Rule 12b-25 (b) and (c)

         If the subject report could not be filed without unreasonable effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check appropriate box.)

[X]              (a)  The  reasons  described  in  reasonable  detail in
                      Part III  of this form  could not be
                      eliminated without unreasonable effort or expense;

[X]               (b)  The  subject  annual  report,  semi-annual  report,
                  transition report on Form 10-KSB, 20-F, 11-K or Form N-SAR, or
                  portion  thereof will be filed on or before the 15th  calendar
                  day  following  the   prescribed  due  date;  or  the  subject
                  quarterly report or transition report on Form 10-Q, or portion
                  thereof  will be filed on or  before  the fifth  calendar  day
                  following the prescribed due date; and

[   ]             (c)      The  accountant's  statement  or  other  exhibit
                           required  by  Rule 12b-25(c)  has been attached if
                           applicable.



<PAGE>


                               Part III. Narrative

         State below in  reasonable  detail the reasons why Form  10-KSB,  11-K,
20-F,  10-Q,  N-SAR or the transition  report portion thereof could not be filed
within the prescribed time period.


Auditor needs the extension time to  complete  the form 10q.Institutional Equity
anticipates filing the document within the extended time made available to them.


                           Part IV. Other Information

         (1)      Name and telephone number of person to contact in regard to
                  this notification:
                           William M. Mosley         (214)    237-3222
                  (Name)                       (Area Code)  (Telephone Number)

         (2)      Have all other periodic  reports  required under Section 13 or
                  15(d) of the Securities  Exchange Act of 1934 or Section 30 of
                  the  Investment  Company Act of 1940 during the  preceding  12
                  months or for such  shorter  period  that the  registrant  was
                  required to file such report(s) been filed?
                  If the answer is no, identify report(s).
                                                   [    ]  Yes   [ X  ]   No
                                       Form 10K for the period ended 12/31/99

         (3)      Is it anticipated  that any  significant  change in results of
                  operations from the  corresponding  period for the last fiscal
                  year  will  be  reflected  by the  earnings  statements  to be
                  included in the subject report or portion thereof?
                                                      [   ]  Yes   [  x  ]   No

                  (Name of registrant as specified in charter)

Has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.

Date:   May 15, 2000       By:      _/s/:  Robert A. Shuey,  III
      ------------------          ---------------------------------
                                   Name: Robert A. Shuey, III
                                    Title: Chief Executive Officer
                                      -----------------------

                  Instruction. The form may be signed by an executive officer of
         the registrant or by any other duly authorized representative. The name
         and title of the  person  signing  the form  shall be typed or  printed
         beneath  the  signature.  If the  statement  is signed on behalf of the
         registrant  by an  authorized  representative  (other than an executive
         officer),  evidence of the representative's authority to sign on behalf
         of the registrant shall be filed with the form.

                                    ATTENTION
         Intentional  misstatements  or omissions of fact  constitute  Federal
         criminal  violations (see 18 U.S.C. 1001).



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