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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A

                                AMENDMENT NO.1 TO


(Mark One)

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

For the fiscal year ended December 31, 1998
                                       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: 001-13749

                             COLUMBIA CAPITAL CORP.
                             ----------------------
            (Name of small business issuer specified in its charter)

         Delaware                                                 11-3210792
         --------                                                 ----------
(State or other jurisdiction                                  (I.R.S. Employer
of incorporation or organization)                            Identification No.)

                   1157 North 5th Street, Abilene, Texas 79601
                   -------------------------------------------
          (Address of principal executive offices, including zip code)

                                 (915) 674-3110
                                 --------------
                (Issuer's telephone number, including area code)

         Securities registered under Section 12(b) of the Exchange Act:

                                                           Name of each exchange
Title of each class                                        on which registered
-------------------                                        -------------------
     None                                                         None

         Securities registered under Section 12(g) of the Exchange Act:

                    Common Stock, $0.001 par value per share
                    ----------------------------------------
                                (Title of Class)



         The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of the Annual Report on Form 10-KSB for
the Fiscal Year Ended December 31, 1998, as set forth in the pages attached
hereto:

         1.      EXHIBITS - EXHIBIT 23.1 - Consent of Davis Kinard & Co., P.C., 
                 dated April 15, 1999.




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                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Securities and Exchange
Act, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                            COLUMBIA CAPITAL CORP.



         Dated: April 15, 1999              By: /s/ Kenneth A. Klotz
                                               ---------------------------------
                                               Kenneth A. Klotz
                                               President


         Dated: April 15, 1999              By: /s/ Charles La Montagne
                                               ---------------------------------
                                               Charles La Montagne
                                               Chief Financial Officer