Exhibit 3.2



                                     BY-LAWS

                                       OF
                 FULLCIRCLE REGISTRY, INC., A NEVADA CORPORATION


                                    ARTICLE I
                                     OFFICES

         Section 1. The principal office of the Corporation shall be 500 West
Jefferson Street, 2310 PNC Plaza, Louisville, Kentucky 40202. The Corporation
may have such other offices, either within or without the State of Nevada as the
Board of Directors may designate or as the business of the Corporation may
require from time to time.

         The registered office of the Corporation required by the Nevada
Business Corporation Act to be maintained in the State of Nevada may be, but
need not be, identical with the principal offices in the State of Nevada, and
the address of the registered office may be changed, from time to time, by the
Board of Directors.

                                   ARTICLE II
                                  STOCKHOLDERS

         Section 1. Annual Meeting. The annual meeting of the stockholders shall
be held at the principal office of the Corporation, at 500 West Jefferson
Street, 2310 PNC Plaza, Louisville, Kentucky 40202, or at such other places on
the third Thursday of January or at such other times as the Board of Directors
may, from time to time, determine. If the day so designated falls upon a legal
holiday then the meeting shall be held upon the first business day thereafter.
The Secretary shall serve personally or by mail a written notice thereof, not
less than ten (10) nor more than fifty (50) days previous to such meeting,
addressed to each stockholder at this address as it appears on the stock book;
but at any meeting, at which all stockholders shall be present, or of which all
stockholders not present have waived notice in writing, the giving of notice as
above required may be dispensed with.

         Section 2. Special Meetings. Special meetings of stockholders other
than those regulated by statute, may be called at any time by a majority of the
Directors. Notice of such meeting stating the place, day and hour and the
purpose for which it is called shall be served personally or by mail, not less
than ten (10) days before the date set for such meeting. If mailed, it shall be
directed to a stockholder at his address as it appears on the stock book; but at
any meeting at which all stockholders shall be present, or of which stockholders
not present have waived notice in writing, the giving of notice as above
described may be dispensed with. The Board of Directors shall also, in like
manner, call a special meeting of stockholders whenever so requested in writing
by stockholders representing not less than ten percent (10%) of the capital
stock of the Corporation entitled to vote at the meeting. The President may in
his discretion call a special meeting of stockholders upon ten (10) days notice.
No business other than that specified in the call for the meeting shall be
transacted at any special meeting of the stockholders, except upon the unanimous
consent of all the stockholders entitled to notice thereof.

         Section 3. Closing of Transfer Books or fixing of Record Date. For the
purpose of determining stockholders entitled to receive notice of or to vote at
any meeting of stockholders or any adjournment thereof, or stockholders entitled
to receive payment of any dividend; or in order to make a determination of
stockholders for any proper purpose, the Board of Directors of the Corporation
may provide that the stock transfer books shall be closed for a stated period
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not to exceed, in any case, fifty (50) days. If the stock transfer books shall
be closed for the purpose of determining stockholders entitled to notice of or
to vote at a meeting of stockholders, such books shall be closed for a least ten
(10) days immediately preceding such meeting. In lieu of closing the stock
transfer books, the Board of Directors may fix in advance a date as the record
date for any such determination of stockholders, such date in any case to be not
more that fifty (50) days, and in case of a meeting of stockholders, not less
than ten (10) days prior to the date on which the particular action, requiring
such determination of stockholders, is to be taken. If the stock transfer books
are not closed, and no record date is fixed for the determination of
stockholders entitled to receive notice of or to vote at a meeting of
stockholders, or stockholders entitled to receive payment of a dividend, the
date on which notice of the meeting is mailed or the date on which the
resolution of the Board of Directors declaring such dividend is adopted, as the
case may be, shall be the record date for such determination as to the
stockholders. When a determination of stockholders entitled to vote at any
meeting of the stockholders has been made as provided in this section, such
determination shall apply to any adjournment thereof.

         Section 4. Voting. At all meetings of the stockholders of record having
the right to vote, subject to the provisions of Section 3, each stockholder of
the Corporation is entitled to one (1) vote for each share of stock having
voting power standing in the name of such stockholder on the books of the
Corporation. Votes may be cast in person or by written authorized proxy.

         Section 5. Proxy. Each proxy must be executed in writing by the
stockholder of the Corporation or his duly authorized attorney. No proxy shall
be valid after the expiration of eleven (11) months from the date of its
execution unless it shall have specified therein its duration.

         Every proxy shall be revocable at the discretion of the person
executing it or of his personal representatives or assigns.

         Section 6. Voting of Shares by certain Holders. Shares standing in the
name of another corporation may be voted by such officer, agent or proxy as the
by-laws of such corporation may prescribe, or, in the absence of such provision,
as the Board of Directors of such corporation may determine.

         Shares held by an administrator, executor, guardian or conservator may
be noted by him either in person or by proxy without a transfer of such shares
into his name. Shares standing in the name of a trustee may be voted by him
either in person or by proxy, but not trustee shall be entitled to vote shares
held by him without a transfer of such shares into his name.

         Shares standing in the name of a receiver ay be voted by such receiver,
and the shares held or under the control of a receiver may be voted by such
receiver without the transfer thereof into his name if authority so to be
contained in a appropriate Order of the Court by which such receiver was
appointed.

         A stockholder whose shares are pledged shall until the shares have been
transferred into the name of the pledge, and thereafter the pledgee shall be
entitled to vote the shares so transferred.

         Shares of its own stock belonging to the Corporation or held by it in a
fiduciary capacity shall not be voted, directly or indirectly, at any meeting,
and shall not be counted in determining the total number of outstanding shares
at any given time.

         Section 7. Election of Directors. At each election for Directors every
stockholder entitled to vote at such election shall have the right to vote, in
person or by proxy, the number of shares owned by him for as many persons as
there are Directors to be elected and for whose election he has a right to vote.
There shall be no cumulative voting.

         Section 8. Quorum. A majority of the outstanding shares of the
Corporation entitled to vote, represented in person or by proxy, shall
constitute a quorum at a meeting of the stockholders.
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         If a quorum shall not be present or represented, the stockholders
entitled to vote thereat, present in person or by proxy, shall have the power to
adjourn the meeting, at which a quorum shall be present or represented. At such
reschedule meeting at which a quorum shall be present or represented any
business or any specified item of business may be transacted which might have
been transacted at the meeting as originally notified.

         The number of votes or consents of the holders of stock having voting
power which shall be necessary for the transaction of any business or any
specified item of business at any meeting of stockholders, or the giving of any
consent, shall be a majority of the outstanding shares of the Corporation
entitled to vote.

         Section 9. Informal Action by Stockholders. Any action required or
permitted to be taken by the stockholders of the Corporation may be effected by
any consent in writing by such holders, signed by holders of not less than that
number of shares of Common Stock require dot approve such action.

                                   ARTICLE III
                                    DIRECTORS

         Section 1. Number. The affairs and business of this Corporation shall
be managed by a Board of Directors. The present Board of Directors shall
consisted of one (1) member. Thereafter the number of Directors may be increased
to not more than nine (9) by resolution of the Board of Directors. Directors
need not be residents of the State of Nevada and need not be stockholders of the
Corporation.

         Section 2. Election. The Directors shall be elected at each annual
meeting of the stockholders, but if any such annual meeting is not held, or the
Directors are not elected thereat, the Directors may be elected at any special
meeting of the stockholders held for that purpose.

         Section 3. Term of Office. The term of office of each of the Directors
shall be one (1) year, which shall continue until his successor has been elected
and qualified.

         Section 4. Duties. The Board of Directors shall have the control and
general management of the affaires and business of the Corporation. Such
Directors shall in all cases act as a Board, regularly convened, and may adopt
such rules and regulations for the conduct of meetings and the management of the
Corporation, as may be deemed proper, so long as it is not inconsistent with
these By-Laws and the laws of the State of Nevada.

         Section 5. Directors' Meetings. Regular meetings of the Board of
Directors shall be held immediately following the annual meeting of the
stockholders, and at such other time and places as the Board of Directors may
determine. Special meetings of the Board of Directors may be called by the
President or Secretary upon the written request of one (1) Director.

         Section 6. Notice of Meetings. Notice of meetings other than the
regular annual meeting shall be given by service upon each Director in person,
or by mailing to him at his last known address, at least three (3) days before
the date therein designated for such meeting, of a written notice thereof
specifying the time and place of such meeting, and the business to be brought
before the meeting, and no business other than that specified in such notice
shall be transacted at any special meeting. At any Directors' meeting at which a
quorum of the Board of Directors shall be present (although held without
notice), any and all business may be transacted which might have been transacted
if the meeting had been duly called if a quorum of the Directors waive or are
willing to waive the notice requirements of such meeting.
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         Any Directors may waive a notice of any meeting under the provisions of
Article XII. The attendance of a Director at a meeting shall constitute a waiver
of notice of such meeting except where a Director attends a meeting for the
express purpose of objection to the transaction of any business because the
meeting is not lawfully convened or called.

         Section 7. Voting. At all meetings of the Board of Directors, each
Director is to have one (1) vote. The act of a majority of the Directors present
at a meeting at which a quorum is present shall be the act of the Board of
Directors.

         Section 8. Newly Created Directorships and Vacancies. Newly created
directorships resulting from any increase in the number of Directors and any
vacancies on the Board of Directors resulting from death, resignation,
disqualification, removal or other cause shall be filed only by the affirmative
vote of a majority of the remaining Directors then in office, even though less
than a quorum of the Board of Directors. No decrease in the number of Directors
constituting the Board of Directors shall shorten the term of any incumbent
Director.

         Section 9. Removal of Directors. Any Director may be removed from
office, with or without cause, only by the affirmative vote of the holders of
51% of the voting power of all shares of the Corporation entitled to vote
generally in the election of the Directors, voting together as a single class.

         Section 10. Quorum. The number of Directors who shall be present at any
meeting of the Board of Directors in order to constitute a quorum for the
transaction of any business or any specified item of business at any meeting of
the Board of Directors shall be a majority.

         The number of votes of Directors that shall be necessary for the
transaction of any business of any specified item of business at any meeting of
the Board of Directors shall be a majority.

         If a quorum shall not be present at any meeting of the Board of
Directors, those present may adjourn the meeting, from time to time, until a
quorum shall be present.

         Section 11. Compensation. By resolution of the Board of Directors, the
Directors may be paid their expenses, if any, of attendance at each meeting of
the Board of Directors or each may be paid a stated salary as Director. No such
payment shall preclude any Director from serving the Corporation in any other
capacity and receiving compensation therefore.

         Section 12. Presumption of Assent A Director of the Corporation who is
present at a meeting of the Board of Directors at which action on any corporate
matter is taken shall be presumed to have assented to the action taken unless
his dissent is entered in the minutes of the meeting or unless he shall file his
written dissent to such action with the person acting as the Secretary of the
meeting before the adjournment thereof or shall forward such dissent by
registered or certified mail to the Secretary of the Corporation immediately
after the adjournment of the meeting. Such right to dissent shall not apply to a
Director who voted in favor of such action

                                   ARTICLE IV
                                    OFFICERS

         Section 1.  Number.  The officers of the Corporation shall be
President, Vice-President, Secretary, and Treasurer, and such assistant
Secretaries as the President shall determine.

         Any officer may hold more than one (1) office.

         Section 2. Election. All officers of the Corporation shall be elected
annually by the Board of Directors at its meeting held immediately following the
meeting of stockholders, and shall hold office for the term of one (1) year or
until their successors are duly elected. Officers need not be members of the
Board of Directors.
<PAGE>
         The Board my appoint such other officers, agents and employees as it
shall deem necessary who shall have such authority and shall perform such duties
as, from time to time, shall be prescribed by the Board.

         Section 3. Duties of Officers. The duties and powers of the officers of
the Corporation shall be as follows:

(a) PRESIDENT


         The President shall preside at all meetings of the stockholders. He
shall present at each annual meeting of the stockholders and Directors a report
of the condition of the business of the Corporation. He shall cause to be called
regular and special meetings of these stockholders and Directors in accordance
with these By-Laws. He shall appoint and remove, employ and discharge, and fix
the compensation of all agents, employees, and clerks of the Corporation other
than the duly appointed officers, subject to the approval of the Board of
Directors. He shall see that the books, reports, statements an certificates
required by the statutes are properly kept, made and filed according to law. He
shall sign all certificates of stock, notes, drafts, or bills of exchange,
warrants or other orders for the payment of money duly drawn by the Treasurer;
and he shall enforce these By-Laws and perform all the duties incident to the
position and office, and which are required by law.

(b) VICE-PRESIDENT


         During the absence or inability of the President to render and perform
his duties or exercise his powers, as set forth in these By-Laws or in the
statutes under which the Corporation is organized, the same shall be performed
and exercised by the Vice-President; and when so acting, he shall have all the
powers and be subject to all the responsibilities hereby given to or imposed
upon such President.

(c) SECRETARY


         The Secretary shall keep the minutes of the meetings of the Board of
Directors and of the stockholders in appropriate books. He shall give and serve
all notices of the Corporation. He shall be custodian of the records and of the
corporate seal and affix the latter when required. He shall keep the stock and
transfer books in the manner prescribed by law, so as to show at all times the
amount of capital stock issued and outstanding; the manner and the time
compensation for the same was paid; the names of the owners thereof,
alphabetically arranged; the number of shares owned by each; the time at which
each person became such owner; and the amount paid thereon; and keep such stock
and transfer books open daily during the business hours of the office of the
Corporation; subject to the inspection of any stockholder of the Corporation,
and permit such stockholder to make extracts from said books to the extent
prescribed by law. He shall sign all certificates of stock. He shall present to
the Board of Directors at their meetings all communications addressed to him
officially by the President or any officer or stockholder of the Corporation;
and he shall attend to all correspondence and perform all the duties incident to
the office of Secretary.

(d) TREASURER


         The Treasurer shall have the care and custody of and be responsible for
all the funds and securities of the Corporation, and deposit all such funds in
the name of the Corporation in such bank or banks, trust company or trust
companies or safe deposit vaults as the Board of Directors may designate. He
shall exhibit at all reasonable times his books and accounts to any Director or
stockholder of the Corporation upon application at the office of the Corporation
during business ours. He shall render a statement of the conditions of finances
of the Corporation at each regular meeting of the Board of Directors, and at
such other times as such be required of him, and a full financial report at the
annual meeting of the stockholders. He shall keep, at the office of the
Corporation, correct books of account of all its business and transactions and
such other books of account as the Board of Directors may require. He shall do
and perform all duties appertaining to the office of Treasurer. The Treasurer
shall, if required by the Board of Directors, give to the Corporation such
security for the faithful discharge of his duties as the Board may direct.
<PAGE>
         Section 4. Bond. The Treasurer shall, if required by the Board of
Directors, give to the Corporation such security for the faithful discharge of
his duties as the Board may direct.

         Section 5. Vacancies, How Filled. All vacancies in any office shall be
filled by the Board of Directors without undue delay, either at its regular
meeting or at a meeting specifically called for that purpose. In the case o the
absence of any officer of the Corporation or for any reason that the Board of
Directors may deem sufficient, the Board may, except as specifically otherwise
provided in these By-Laws, delegate the power or duties of such officers to any
other officer or Director for the time being; provided, a majority of the entire
Board concur therein.

         Section 6. Compensation of Officers. The officers shall receive such
salary or compensation as may be determined by the Board of Directors.

         Section 7. Removal of Officers. The Board of Directors may remove any
officer, by a majority vote, at any time with or without cause.

                                    ARTICLE V
                              CERTIFICATES OF STOCK

         Section 1. Description of Stock Certificates. The certificates shall be
numbered and registered in the order in which they are issued. They shall be
bound in a book and shall be issued in consecutive order therefrom, and in the
margin thereof shall be entered the name of the person owning the shares therein
represented, with the number of shares and the date thereof. Such certificates
shall exhibit the holder's name and number of shares. They shall be signed by
the President or Vice-President, and countersigned by the Secretary or Treasurer
and sealed with the Seal of the Corporation.

         Section 2. Transfer of Stock. The stock of the Corporation shall be
assignable and transferable on the books of the Corporation only by the person
in whose name it appears on said books, his legal representatives or by his duly
authorized agent. In case of transfer by attorney, the power of attorney, duly
executed and acknowledged, shall be deposited with the Secretary. In all cases
of transfer the former certificate must be surrendered up and canceled before a
new certificate may be issued. No transfer shall be made upon the books of the
Corporation within ten (10) days next preceding the annual meeting of the
stockholders.

         Section 3. Lost Certificates. If a stockholder shall claim to have lost
or destroyed a certificate or certificates of stock issued by the Corporation,
the Board of Directors may, at its discretion, direct a new certificate or
certificates to be issued, upon the making of an affidavit of the fact by the
person claiming the certificate of stock to be lost or destroyed, and upon the
deposit of a bond or other indemnity in such for and with such sureties if any
that the Board may require.

                                   ARTICLE VI
                                      SEAL

         Section 1.  Seal.  The seal of the Corporation shall be as follows:
NO SEAL IN USE AT THIS TIME.

                                   ARTICLE VII
                                    DIVIDENDS

         Section 1. When Declared. The Board of Directors shall by vote declare
dividends from the surplus profits of the Corporation whenever, in their
opinion, the condition of the Corporation's affairs will render it expedient for
such dividends to be declared.

         Section 2. Reserve. The Board of Directors may set aside, out of the
net profits of the Corporation available for dividends, such sum or sums (before
payment of any dividends) as the Board, in their absolute discretion, think
proper as a reserve fund, to meet contingencies, or for equalizing dividends, or
for repairing or maintaining any property of the Corporation, or for such other
purpose as the Directors shall think conductive to the interest of the
Corporation, and they may abolish or modify any such reserve in the manner in
which it was created.
<PAGE>
                                  ARTICLE VIII
                                 INDEMNIFICATION

         Section 1. Any person made a party to or involved in any civil,
criminal or administrative action, suit or proceeding by reason of the fact that
he or his testator or interstate is or was a Director, officer, or employee of
the Corporation, or of any corporation which he, the testator, or interstate
served as such at the request of the Corporation, shall be indemnified by the
Corporation against expenses reasonably incurred by him pr imposed on him in
connection with or resulting from the defense of such action, suit, or
proceeding and in connection with or resulting from any appeal thereon, except
with respect to matters as to which it is adjudged in such action, suit or
proceeding that such officer, Director, or employee was liable to the
Corporation, or to such other corporation, for negligence or misconduct in the
performance of his duty. As used herein the term "expense" shall include all
obligation incurred by such person for the payment of money, including without
limitation attorney's fees, judgment or in settlement of any such action, suit,
or proceedings, except amounts paid to the Corporation or such other corporation
by him.

         A judgment of conviction whether based on plea of guilty or nolo
contendere or its equivalent, or after trial, shall not of itself be deemed an
adjudication that such Director, officer or employee is liable to the
Corporation, or such other corporation, for negligence or misconduct in the
performance of his duties. Determination of the rights of such indemnification
and the amount thereof may be made at the option of the person to be indemnified
pursuant to procedure set forth, from time to time, in the By-Laws, or by any of
the following procedures: (a) order of the Court or administrative body or
agency having jurisdiction of the action, suit, or proceeding; (b) resolutions
adopted by a majority of the quorum of the Board of Directors of the Corporation
without counting in such majority and Directors who have incurred expenses in
connection with such action, suit or proceeding; (c) if there is no quorum of
Directors who have not incurred expense in connection with such action, suit, or
proceeding, then by resolution adopted by a majority of the committee of
stockholders and Directors who have not incurred such expenses appointed by the
Board of Directors; (d) resolution adopted by a majority of the quorum of the
Directors entitled to vote at any meeting; or (e) Order of any Court having
jurisdiction over the Corporation. Any such determination that a payment by way
of indemnity should be made will be binding upon the Corporation. Such right of
indemnification shall not be exclusive of any other right which such Directors,
officers, and employees of the Corporation and the other persons above mentioned
may have or hereafter acquire, and without limiting the generality of such
statement, they shall be entitled to their respective rights of indemnification
under any By-Laws, Agreement, vote of stockholders, provision of law, or
otherwise in addition to their rights under this Article. The provision of this
Article shall apply to any member of any Director, officer or employee of the
Corporation.

                                   ARTICLE IX
                                   AMENDMENTS

         Section 1. How Amended. These By-Laws may be altered, amended, repealed
or added to by the vote of the Board of Directors of the Corporation at any
regular meeting of said Board, or at a special meeting of Directors called for
that purpose provided a quorum of the Directors as provided by law and by the
Articles of Incorporation, are present at such regular meeting or special
meeting. These By-Laws and any amendments thereto and new By-Laws added by the
Directors may be amended, altered or replaced by the stockholder at any annual
or special meeting of the stockholders.

                                    ARTICLE X
                                   FISCAL YEAR

         Section 1.  Fiscal Year.  The fiscal year shall end on the 31st day of
DECEMBER.
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                                   ARTICLE XI
                                WAIVER OF NOTICE

         Section 1. Whenever any notice is required to be given to any
shareholders or directors of the Corporation under the provisions of these
By-Laws, under the Articles of Incorporation or under the provisions of the
Nevada Business Corporation Act, a waiver thereof in writing, signed by the
person or persons entitled to such notice, whether before or after the time
stated therein, shall be deemed equivalent to the giving of such notice.

ADOPTED this 9th day of April, 2003.  FULLCIRCLE REGISTRY, INC., a Nevada
corporation.


---------------------------
James Reskin, President