SECURITIES AND EXCHANGE COMMISSION
                   Washington, D. C. 20549
                                    

                         FORM 10-K/A
                                    

             AMENDMENT TO APPLICATION OR REPORT
         FILED PURSUANT TO SECTION 12, 13 or 15(d) 
           OF THE SECURITIES EXCHANGE ACT OF 1934


          INTERNATIONAL THOROUGHBRED BREEDERS, INC.
     (Exact name of registrant as specified in charter)

               Commission File Number: 0-9624

                       AMENDMENT NO. 1

     The undersigned registrant hereby amends its Annual Report for the
year ended June 30, 1996 on Form 10-K by replacing the previously filed
signatures page with the page attached hereto.

     Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.

                         International Thoroughbred Breeders, Inc.
                                      [Registrant]


                    By/s/Joel H. Sterns                              
                           Joel H. Sterns, Chairman of the Board

                    By/s/Robert J. Quigley
                           Robert J. Quigley, President


                    By/s/William H. Warner                           
                           William H. Warner, Principal
                              Financial and Accounting Officer
Date: October 23, 1996


                         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.

               INTERNATIONAL THOROUGHBRED BREEDERS, INC.
                         (Registrant)

By/s/Joel H. Sterns                          By/s/Robert J. Quigley         
  Joel H. Sterns, Chairman of the Board        Robert J. Quigley,
                                               President and Director
                              
  Date: October 11, 1996                       Date: October 11, 1996
          
                    By/s/William H. Warner                   
                      William H. Warner, Treasurer, Principal
                      Financial Officer and Accounting Officer

                      Date: October 11, 1996

     Pursuant to the requirements 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 dates
indicated.

By/s/Joel H. Sterns                     By/s/Robert J. Quigley         
  Joel H. Sterns, Chairman of the Board   Robert J. Quigley, President
                                          and Director

  Date: October 11, 1996                  Date: October 11, 1996

By/s/Arthur Winkler                     By/s/Clifford A. Goldman       
  Arthur Winkler, Exec.Vice President     Clifford A.Goldman, Director
  and Director      

  Date: October 11, 1996                  Date: October 11, 1996

By/s/Roger A. Bodman                    By/s/H. Steven Norton         
  Roger A. Bodman, Director               H. Steven Norton, Director

  Date: October 11, 1996                  Date: October 11, 1996

By/s/Charles R. Dees, Jr.               By/s/Robert D. Peloquin      
  Charles R.Dees, Jr., Director           Robert D.Peloquin, Director

  Date: October 11, 1996                  Date: October 11, 1996