UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A

[X]   ANNUAL  REPORT  PURSUANT  TO  SECTION  13 OR  15(D)  OF THE  SECURITIES
      EXCHANGE ACT OF 1934 [FEE REQUIRED]

                   For the fiscal year ended December 31, 1999

                                       OR

[ ]   TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE SECURITIES
      EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

        For the transition period from _______________ to _______________

                         Commission file number: 0-16310
                                                 -------

                       AMERICAN EDUCATIONAL PRODUCTS, INC.
                       -----------------------------------
             (Exact Name of Registrant as Specified in its Charter)

           Colorado                                             84-1012129
-------------------------------                          -----------------------
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification number)

             6550 Gunpark Drive, Suite 200, Boulder, Colorado 80301
             ------------------------------------------------ -----
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (303) 527-3230
                                 --------------

        Securities registered pursuant to Section 12(b) of the Act: NONE

                    Securities registered pursuant to Section
                               12(g) of the Act:

                          Common Stock, $.05 par value
                          ----------------------------
                                (Title of Class)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  Registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.   Yes X     No
                                        ---      ---

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation S-B (ss.229.405 of this chapter) is not contained herein, and will
not be contained,  to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]

The   Registrant's   revenues  for  the  year  ended  December  31,  1999,  were
$14,964,000.

As of March 15,  2000,  the  aggregate  market  value of the Common Stock of the
Registrant based upon the closing prices of the Common Stock as quoted by NASDAQ
(symbol  "AMEP") held by  non-affiliates  of the  Registrant  was  approximately
$6,254,000.  As of March 15,  2000,  there were  1,082,070  shares of the Common
Stock of the Registrant outstanding.


<PAGE>

Amendment to Form 10-KSB for the Year Ended December 31, 1999
-------------------------------------------------------------

The signature page included herein  contains  revisions to the Form 10-KSB filed
by  American  Educational  Products,  Inc.  (the  "Company")  for the year ended
December 31, 1999. The revisions are related to the titular  descriptions of the
Company's principal officers, Clifford C. Thygesen and Frank L. Jennings.

Mr.  Thygesen's  title is changed from "Chief  Operating  Officer" to "Principal
Executive  Officer."  Mr.  Jennings'  title is  changed  from  "Chief  Financial
Officer" to "Principal Financial Officer."

                                        2
<PAGE>



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant has duly caused this annual report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                           AMERICAN EDUCATIONAL PRODUCTS, INC.

Date: March 20, 2000                       /s/ Clifford C. Thygesen
      ---------------                      ----------------------------------
                                           Clifford C. Thygesen, President &
                                           Principal Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  Registrant and
in the capacities and on the dates indicated.

Signature                             Title                        Date
---------                             -----                        ----


/s/ Robert A. Scott           Chairman of the Board,            March 20, 2000
--------------------------    Secretary and Director            ---------------
Robert A. Scott


/s/ Clifford C. Thygesen      President and Director            March 20, 2000
--------------------------    (Principal Executive Officer)     ---------------
Clifford C. Thygesen


/s/ Frank L. Jennings         Vice President and                March 20, 2000
--------------------------    Assistant Secretary               ---------------
Frank L. Jennings             (Principal Financial Officer)



/s/ Stephen G. Calandrella    Director                          March 20, 2000
--------------------------                                      ---------------
Stephen G. Calandrella


/s/ Richard J. Ciurczak       Director                          March 20, 2000
-----------------------                                         ---------------
Richard J. Ciurczak


/s/ Wayne R. Kirschling       Director                          March 20, 2000
--------------------------                                      ---------------
Wayne R. Kirschling


/s/ John J. Crawford          Director                          March 20, 2000
--------------------------                                      ---------------
John J. Crawford


/s/ Clifford L. Neuman        Assistant Secretary and           March 20, 2000
--------------------------                                      ---------------
Clifford L. Neuman            Director


                                        3