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

                                   FORM 10-K/A

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

         For the fiscal year ended December 31, 1995, or

    [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the transition period from _____ to _____. 

              Commission file number: (33-20582)

                       Equity AU, Inc.                           
             (Exact name of registrant as specified in its charter)

            Delaware                                  75-2276137
    (State of Incorporation)                         (Tax ID No.)

     119 Gold Lane, Mena, Arkansas                        71953  
    (Address of principal executive offices)          (ZIP code)

Registrant's telephone number, including area code (501) 389-6466

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

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

                   Class "A" Common Stock

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 Act of 1934 during the past 12 months and (2) has been
subject to such filing requirement for the past 90 days.

                       YES            X     NO

Aggregate market value of the voting stock held by non-affiliates
of the registrant as of December 31, 1995, received from Bulletin
Board brokers:

                                     $ 0.00
                             (no authorized trading)

Shares of common stock outstanding at December 31, 1995:

                                    99,900,000

<PAGE>

PART IV.

Item 14.      Exhibits, Financial Statements and Reports on Form 8-K.

(a)  The following documents are filed as a part of this report:
        Included in Part II, Item 8 of this report:

    1.,2., and 3.:

Accountant's Report

Consolidated Balance Sheet -- December 31, 1995 and 1994

Consolidated Statement of Operations for the Years Ended December 
    31, 1995 and 1994 

Consolidated Statement of Shareholders Equity for the Years Ended 
    December 31, 1995 and 1994

Consolidated Statement of Cash Flows for Years Ended December 31, 
    1995 and 1994
    
Notes to the Consolidated Financial Statements for the Years Ended 
    December 31, 1995 and 1994


                                   SIGNATURES


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


                                  EQUITY AU, INC.
                                  Registrant


                                       Charles Jones     
                                  Charles Jones, President

Date:  December 18, 1996 


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

         Signature              Title                Date



    Charles Jones               Director        December 18, 1996
Charles Jones


      James Arch                Director        December 18, 1996
James Arch