SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 10-Q

                               QUARTERLY REPORT

                       PURSUANT TO SECTION 13 OR 15 (D)
                                    of the
                      SECURITIES AND EXCHANGE ACT OF 1934

                     For the quarter ended March 31, 1999


                            PLANET RESOURCES, INC.
                     (Formerly Allied Silver-Lead Company)

            (Exact name of registrant as specified in its charter)

                                   DELAWARE
                               (Formerly Idaho)
         (State or other jurisdiction of incorporation or organization)

          1-7149                              82-0277987
     (Commission  File  Number)          (IRS  Employer Identification Number)

                             C/O HUNTER M.A. CARR
                                   PRESIDENT
                            PLANET RESOURCES, INC.
                         ONE TEN PARK PLACE, SUITE 200
                             HOUSTON, TEXAS 77084
                   (Address of principal executive offices)

                                (281) 578-8800
             (Registrant's telephone number, including area code)



     Indicate by check mark whether the Registrant (1) has filed all documents
and  reports required to be filed by Section 13 or 15(d) of the Securities and
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.
                    X    Yes                        No
                   ---                          ---

     Indicate the number of shares outstanding of each of the issuer's classes
of  common  stock,  as  of  the  latest  practicable  date.

            Class                               Outstanding at March 31, 1999
            -----                               -----------------------------
 Common  Stock,  $.001  par  value                         8,000,340


                                   FORM 10-Q

                            PLANET RESOURCES, INC.
                     (Formerly Allied Silver-Lead Company)

                               INDEX AND REPORT



PART  1.          FINANCIAL  INFORMATION

     Planet  Resources,  Inc. is a mining company in the development stage and
is  not required to file Part I of Form 10-Q (Financial Information) under the
terms  of  Rule  13(a)  -13(b).


PART  II.          OTHER  INFORMATION  AND  SIGNATURES

     In  March 1999, New Planet Resources, Inc. ("New Planet"), a wholly owned
subsidiary  of Planet Resources, Inc. ("Planet") was incorporated in the State
of  Delaware.    New  Planet was formed in connection with the execution of an
Agreement and Plan of Distribution (the "Agreement") by and between Planet and
New  Planet  dated March 25, 1999.  Under the Agreement, Planet will transfer,
among  other  things,  its  mineral  properties  to  New Planet.  Planet, with
assets,  then  consisting primarily of cash in the bank, will acquire National
Law Library, Inc. ("National") through a tax-free exchange of shares of common
stock  of  National for Planet common shares pursuant to an Agreement and Plan
of  Reorganization  (the  "Acquisition Agreement") dated March 24, 1999.  Upon
completion  of  the  acquisition,  which  will  be  accounted for as a reverse
acquisition  of  Planet  by  National,  the  National  shareholders will own a
majority  of  the  outstanding  shares  of  Planet.

     New Planet intends to become a public company upon the effectiveness of a
registration  statement,  will  then change its name to Planet Resources, Inc.
Consequently,  (i) all of Planet's prior business operations will be continued
by  New  Planet  after  the  distributions,  and (ii) the management of Planet
before  the  Acquisition Agreement and distribution, and New Planet after, the
distributions  being  identical.    At this time New Planet has no operations.

     The  distributions  will  be  effected  after  the  acquisition.   On the
distribution  date,  Planet will distribute to the Planet stockholders, shares
of  New Planet Common Stock.  The distributions will not take place unless all
of  the  conditions to effecting the acquisition (other than the completion of
the  distribution)  have  been  fulfilled.

     No  exhibits  are  attached.

     Pursuant  to the requirements of the Securities and Exchange Act of 1934,
the  Registrant  has duly caused this report to be signed on its behalf by the
undersigned  thereunto  duly  authorized.

PLANET  RESOURCES,  INC.
(formerly  Allied  Silver-Lead  Company)



By:    /s/Hunter  M.A.  Carr
   -------------------------
      Hunter  M.A.  Carr,  President

Date:    May  17,  1999