FORM 10-K/A#1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                  FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999

                                       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 0-24404

                             TRANSMEDIA EUROPE, INC.
                             -----------------------
             (exact name of registrant as specified in its charter)

          Delaware                                              13-3701141
-------------------------------                           ---------------------
(State or other jurisdiction of                                  (I.R.S.
incorporation of organization)                             Identification  No.)

                 11 ST. JAMES'S SQUARE, LONDON SW1Y 4LB, ENGLAND
                 -----------------------------------------------
                    (Address of principal executive offices)

  Registrant's telephone number, including area code: U.K. 011-44-171-930-0706

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

                    Common Stock, par value $.00001 per share
                 -----------------------------------------------
                                (Title of class)

Indicate by (X) 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    |_|       No    |X|

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K 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-K or any amendment to this
Form 10-K. |_|

The aggregate market value of voting stock held by non-affiliates of the
Registrant as of May 19, 2000 was $52,055,840 based upon the closing price of a
share of Common Stock on the "Pink Sheets" on that date.

       Number of shares outstanding of the Registrant's Common Stock as of
                          May 19, 2000 was 34,867,431

                    Documents incorporated by reference: None
<PAGE>

This first amendment to the Transmedia Europe, Inc. Annual Report on Form 10-K
for the fiscal year ended September 30, 1999 is being filed to provide the stock
performance chart below.

Stock Performance Chart

The line graph set forth below compares the cumulative total shareholder return
(change in stock price plus reinvested dividends) on the Common Stock for the
period beginning August 4, 1995 and ending on September 30, 1999 with the
cumulative total return on the NASDAQ Index and a Peer Group consisting of
Cendant Corporation and Memberworks over the same period. The comparison assumes
$100 was invested on August 4, 1995 in the Common Stock and in each of the
foregoing indices and that all dividends paid by companies included in each
index were reinvested.

                 COMPARISON OF 50 MONTH CUMULATIVE TOTAL RETURN*
                         AMONG TRANSMEDIA EUROPE, INC.,
              THE NASDAQ STOCK MARKET (U.S.) INDEX AND A PEER GROUP

[chart]

                             Cumulative Total Return
--------------------------------------------------------------------------------
                             8/4/95   9/95    9/96    9/97    9/98    9/99

Transmedia Europe, Inc.      100.00   90.91   52.29   54.55   27.28   34.11

Peer Group                   100.00  112.50  123.63  150.00   56.86   87.82

NASDAQ Stock Market (U.S.)   100.00  105.58  125.29  172.03  174.94  284.17

*     $100 invested on August 4, 1995 in stock or index. Includes reinvestment
      of dividends Fiscal year ended September 30
<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 Report to be signed on its
behalf by the undersigned, thereunto duly authorized

                                        TRANSMEDIA EUROPE, INC.
                                        (Registrant)


Date:         June 5, 2000              /s/ Grant White
                                        ----------------------------------------
                                        Grant White
                                        Chief Executive Officer

Pursuant to the requirements of Section 13 or 15(d) 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 date indicated.


Date:         June 5, 2000              /s/ Grant White
                                        ----------------------------------------
                                        Grant White
                                        Chief Executive Officer and Principal
                                        Financial Officer


Date:         June 5, 2000              /s/ Paul L. Harrison
                                        ----------------------------------------
                                        Paul L. Harrison
                                        Director, Secretary and
                                        Principal Accounting Officer