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):
December 23, 1997
Developed Technology Resource, Inc.
(Exact name of Registrant as specified in its charter)
Minnesota 0-21394 41-1713474
State or other (Commission File Number) (IRS Employer I.D. No.)
Jurisdiction of
incorporation
7300 Metro Blvd. Suite 550
Edina, MN 55439
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 820-0022
Not applicable
(Former name or former address, if changed since last
report)
<PAGE> 2
Item 4. Changes in Registrant's Certifying Accountant.
(a) On December 23, 1997, Developed Technology Resource,
Inc. dismissed Lurie, Besikof, Lapidus & Co., LLP, the
principal accountant previously engaged to audit the
registrant's financial statements for the fiscal year ended
October 31, 1996, as its independent accountant. The
registrant's financial statements for the fiscal year ended
October 31, 1995 were audited by another independent
accountant and a Form 8-K was filed in accordance with such
dismissal on April 23, 1996. Lurie, Besikof, Lapidus & Co.,
LLP's reports on the financial statements for the fiscal
year ended October 31, 1996 do not contain an adverse
opinion or disclaimer of opinion, and was not modified as to
uncertainty, audit scope, or accounting principles. In
connection with the audit for the fiscal year ended October
31, 1996 and through December 23, 1997, there have been no
disagreements with Lurie, Besikof, Lapidus & Co., LLP on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Lurie,
Besikof, Lapidus & Co., LLP would have caused them to make
reference thereto in their report on the financial
statements for such period. The decision to change
accountants has been approved by the Board of Directors of
the registrant.
(b) On December 23, 1997 Deloitte & Touche LLP was
appointed as the registrant's new independent accountant to
audit the registrant's financial statements. During the
past fiscal year and through December 23, 1997, the
registrant has not, prior to engaging the new accountant,
consulted the new accountant regarding the application of
accounting principles to a specific or contemplated
transaction or regarding the type of audit opinion that
might be rendered on the registrant's financial statements.
Item 7. Financial Statements and Exhibits.
Exhibits
A. Letter of discontinuance of client-auditor
relationship from Lurie, Besikof, Lapidus &
Co., LLP (former auditor)
B. Letter of agreement on paragraph 4(a) of the
Form 8-K dated December 31, 1997 from Lurie,
Besikof, Lapidus & Co., LLP (former auditor)
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly authorized this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
Date: December 31, 1997 Developed Technology Resource, Inc.
By: /s/ LeAnn H. Davis
LeAnn H. Davis, CPA
Chief Financial Officer
<PAGE> 4
EXHIBIT INDEX
Exhibit Description Page
A. Letter of discontinuance of client-auditor
relationship from Lurie, Besikof, Lapidus &
Co., LLP (former auditor) 5
B. Letter of agreement on paragraph 4(a) of the
Form 8-K dated December 31, 1997 from Lurie,
Besikof, Lapidus & Co.,LLP (former auditor) 6
<PAGE> 5
December 23, 1997
Mr. John P. Hupp, President
7300 Metro Boulevard, Suite 550
Edina, MN 55439
Dear Mr. Hupp:
This is to confirm that the client-auditor relationship
between Developed Technology Resource, Inc. (Commission File
Number 0-21394) and Lurie, Besikof, Lapidus & Co., LLP has
ceased.
Sincerely,
/s/ Lurie, Besikof, Lapidus & Co., LLP
Lurie, Besikof, Lapidus & Co., LLP
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street NW
Washington, DC 20549
<PAGE> 6
December 31, 1997
Securities and Exchange Commission
450 5th Street NW
Washington, DC 20549
Gentlemen:
We have read and agree with the comments in Item 4(a) of
Form 8-K of Developed Technology Resource, Inc. dated
December 31, 1997.
/s/ Lurie, Besikof, Lapidus & Co., LLP
LURIE, BESIKOF, LAPIDUS & CO., LLP
Minneapolis, Minnesota
December 31, 1997
