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Exhibit 3.2

                              BISHOP EQUITIES, INC.

                                     BY-LAWS

ARTICLE I - MEETINGS OF STOCKHOLDERS

         1. Stockholders' Meetings shall he held in the office of the
corporation, at Carson City, NV, or at such other place or places as the
Directors shall from time to time determine.

         2. The annual meeting of the stockholders of this corporation shall be
held at 11 A.M., on the 1st day of June of each year beginning in 1992, at
which time there shall be elected by the stockholders of the corporation a Board
of Directors for the ensuing year, and the stockholders shall transact such
other business as shall properly come before them.

         3. A notice setting out the time and place of such annual meeting shall
be mailed postage prepaid to each of the stockholders of record, at his address
and as the same appears on the stock book of the Company, or if no such address
appears, at his last known place of business, at least ten (10) days prior to
the annual meeting.

         4. If a quorum is not present at the annual meeting, the stockholders
present, in person or by proxy, may adjourn to such future time as shall be
agreed upon by them, and notice of such adjournment shall be mailed, postage
prepaid, to each stockholder of record at least ten (10) days before such date
to which the meeting was adjourned; but if a quorum is present, they may adjourn
from day to day as they see fit, and no notice of such adjournment need be
given.


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         5. Special meetings of the stockholders may be called at anytime by the
President; by all of the directors provided there are no more than three, or if
more than three, by any three Directors; or by the holder of a majority share of
the capital stock of the corporation. The Secretary shall send a notice of such
called meeting to each stockholder of record at least ten (10) days before such
meeting, and such notice shall state the time and place of the meeting, and the
object thereof. No business shall be transacted at a special meeting except as
stated in the notice to the stockholders, unless by unanimous consent of all
stockholders present, either in person or by proxy, all such stock being
represented at the meeting.

         6. A majority of the stock issued and outstanding, either in person or
by proxy, shall constitute a quorum for the transaction of business at any
meeting of the stockholders.

         7. Each stockholder shall be entitled to one vote for each share of
stock in his own name on the books of the company, whether represented in person
or by proxy.

         8. All proxies shall be in writing and signed.

         9. The following order of business shall be observed at all meetings of
the stockholders so far as is practicable:

                  a.   Call the roll;
                  b.   Reading, correcting, and approving of the minutes of
                       the previous meeting;
                  c.   Reports of officers;
                  d.   Reports or Committees;
                  e.   Election of Directors;
                  f.   Unfinished business; and
                  g.   New business.



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ARTICLE II - STOCK

         1. Certificates of stock shall be in a form adopted by the Board of
Directors and shall be signed by the President and Secretary of the Corporation.

         2. All certificates shall be consecutively numbered; the name of the
person owning the shares represented thereby, with the number of such shares and
the date of issue shall be entered on the company's books.

         3. All certificates of stock transferred by endorsement thereon shall
be surrendered by cancellation and new certificates issued to the purchaser or
assignee.


ARTICLE III - DIRECTORS

         1. A Board of Directors, consisting of at least one (1) person shall be
chosen annually by the stockholders at their meeting to manage the affairs of
the company. The Directors' term of office shall be one (1) year, and Directors
may be re-elected for successive annual terms.

         2. Vacancies on the board of Directors by reason of death, resignation
or other causes shall be filled by the remaining Director or Directors choosing
a Director or Directors to fill the unexpired term.

         3. Regular meetings of the Board of Directors shall be held at 1 P.M.,
on the 1st day of June of each year beginning in 1992 at the office of the
company at Carson City, NV, or at such other time or place as the Board of
Directors shall by resolution appoint; special meetings may be called by the
President or any Director giving ten (10) days notice to each Director. Special
meetings may also be called by execution of the appropriate waiver of notice and
call when executed by a majority of the Directors of the company. A majority of
the Directors shall constitute a quorum.


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         4. The Directors shall have the general management and control of the
business and affairs of the company and shall exercise all the powers that may
be exercised or performed by the corporation, under the statutes, the
certificates of incorporation, and the By-Laws. Such management will be by
equal vote of each member of the Board of Directors with each Board member
having an equal vote.

         5. A resolution, in writing, signed by all or a majority of the members
of the Board of Directors, shall constitute action by the Board of Directors to
effect therein expressed, with the same force and effect as though such
resolution had been passed at a duly convened meeting; and it shall be the duty
of the Secretary of record every such resolution in the Minute Book or the
corporation under its proper date.

ARTICLE IV - OFFICERS

         1. The officers of this company shall consist of: a President, one or
more Vice Presidents, Secretary, Treasurer, Resident Agent, and such other
officers as shall, from time to time, be elected or appointed by the Board of
Directors.

         2. The PRESIDENT shall preside at all meetings of the Directors and the
Stockholders and shall have general charge and control over the affairs of the
corporation subject to the Board of Directors. He shall sign or countersign all
certificates, contracts and other instruments of the corporation as authorized
by the Board of Directors and shall perform all such other duties as are
incident to his office or are required by him by the Board of Directors.

         3. The VICE PRESIDENT shall exercise the functions of the President
during the absence or disability of the President and shall have such powers and
such duties as may be assigned to him from time to time by the Board of
Directors.


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         4. The SECRETARY shall issue notices for all meetings as required by
the By-Laws, shall keep a record of the minutes of the proceedings of the
meetings of the Stockholders and Directors, shall have charge of the corporate
books, and shall make such reports and perform such other duties as are incident
to his office, or properly required of him by the Board of Directors. He shall
be responsible that the corporation complies with Section 78.105 of the Nevada
Corporation Laws and supplies to the Nevada Resident Agent or Principal Office
in Nevada, any and all amendments to the Corporation's Articles of Incorporation
and any and all amendments or changes to the By-Laws of the Corporation. In
compliance with Section 78.105, he will also supply to the Nevada Resident Agent
or Principal Office in Nevada, and maintain, a current statement setting out the
name of the custodian of the stock ledger or duplicate stock ledger, and the
present and complete Post Office address, including street and number, if any,
where such stock ledger or duplicate stock ledger specified in the section is
kept.

         5. The TREASURER shall have the custody of all monies and securities of
the corporation and shall keep regular books of account. He shall disburse the
funds of the corporation in payment of the just demands against the corporation,
or as may be ordered by the Board of Directors, making proper vouchers for such
disbursements and shall render to the Board of Directors, from time to time, as
may be required of him, an account of all his transactions as Treasurer and of
the financial condition of the corporation. He shall perform all duties incident
to his office or which are properly required of him by the Board of Directors.

         6. The RESIDENT AGENT shall be in charge of the corporation's
registered office in the State of Nevada, upon whom process against the
corporation may be served and shall perform all duties required of him by
statute.


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         7. The salaries of all officers shall be fixed by the Board of
Directors and may be changed from time to time by a majority vote of the Board.

         8. Each of such officers shall serve for a term of one (1) year or
until their successors are chosen and qualified. Officers may be re-elected or
appointed for successive annual terms.

         9. The Board of Directors may appoint such other officers and agents,
as it shall deem necessary or expedient, who shall hold their offices for such
terms and shall exercise such powers and perform such duties as shall be
determined from time to time by the Board of Directors.


ARTICLE V - INDEMNIFICATION OF OFFICERS AND DIRECTORS

         1. The corporation shall indemnify any and all of its Directors and
Officers, and its former Directors and Officers, or any person who may have
served at the Corporations request as a Director or Officer of another
corporation in which it owns shares of capital stock or of which it is a
creditor, against expenses actually and necessarily incurred by them in
connection with the defense of any action, suit or proceeding in which they, or
any of them, are made parties, or a party, by reason of being or having been
Director(s) or Officer(s) of the corporation, or of such other corporation,
except, in relation to matters as to which any such Director or Officer or
former Director or Officer or person shall be adjudged in such action, suit or
proceeding to be liable for negligence or misconduct in the performance of duty.
Such indemnification shall not be deemed exclusive of any other rights to which
those indemnified may be entitled, under By-Law, agreement, vote of stockholders
or otherwise.


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ARTICLE VI - AMENDMENTS

         1. Any of these By-Laws may be amended by a majority vote of the
stockholders at any annual meeting or at any special meeting called for that
purpose.

         2. The Board of Directors may amend the By-Laws or adopt additional
By-laws, but shall not alter or repeal any By-Laws adopted by the stockholders
of the company.


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                                                 CERTIFIED TO BE THE BY-LAWS OF:
                                                           BISHOP EQUITIES, INC.


                                                           BY: /s/ Maureen Abato
                                                                   Secretary





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