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): October 21, 1999
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 Employee
Jurisdiction of I.D. No.)
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)
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Item 4. Changes in Registrant's Certifying Accountant.
(a) On October 21, 1999, Developed Technology Resource,
Inc. dismissed Deloitte & Touche LLP, the principal
accountant previously engaged to audit the registrant's
financial statements for the year ended December 31, 1998,
the two-month transition period ended December 31, 1997 and
the fiscal year ended October 31, 1997, as its independent
accountant. Deloitte & Touche LLP's report on the financial
statements for the year ended December 31, 1998 and the two-
month transition period ended December 31, 1997 contained a
paragraph expressing doubt over the Company's ability to
continue as a going concern but was not modified as to audit
scope, or accounting principles. Deloitte & Touche LLP's
report on the financial statements for the fiscal year ended
October 31, 1997 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, 1997 and through October 21, 1999, there have been no
disagreements with Deloitte & Touche 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
Deloitte & Touche 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 October 21, 1999, KPMG LLP was appointed as the
registrant's new independent accountant to audit the
registrant's financial statements. During the past fiscal
year and through October 21, 1999, 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 agreement on paragraph 4(a) of the
Form 8-K dated October 26, 1999 from Deloitte
& Touche LLP (former auditor)
<PAGE>
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: October 26, 1999 Developed Technology Resource, Inc.
By:
LeAnn H. Davis
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit Description Page
A. Letter of agreement on paragraph 4(a) of the Form 8-K
dated October 26, 1999 from Deloitte & Touche LLP (former
auditor) 5
October 26, 1999
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-
K of Developed Technology Resource, Incorporated, dated
October 26, 1999.
Yours truly,
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Minneapolis, Minnesota
