UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                                450 Fifth Street
                             Washington, D.C. 20549

                                   FORM 10-QSB

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                  For the Quarterly Period Ended June 30, 2000
                                                 -------------

                           Commission File No. 0-3858
                                               --------

                        INTERNATIONAL LEISURE HOSTS, LTD.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


            Wyoming                                        86-0224163
  -------------------------------              ---------------------------------
  (State or other jurisdiction of              (IRS Employer Identification No.)
   incorporation or organization)


       3207 S. Hardy Drive
             Tempe, AZ                                       85282
---------------------------------------                    ----------
(Address of principal executive office)                    (Zip Code)


         Issuer's telephone number, including area code (480) 829-7600
                                                        --------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act  during the 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 [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
stock as of the close of the latest  practicable date. There were 694,477 shares
of $.01 par value common stock outstanding as of June 30, 2000.

                                  Page 1 of 12
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1 - Summarized Financial Information

                        INTERNATIONAL LEISURE HOSTS, LTD.
                 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                     June             March
                                                                   30, 2000          31, 2000
                                                                 -----------       -----------
<S>                                                              <C>               <C>
ASSETS
CURRENT ASSETS:
  Cash and cash equivalents                                      $   394,412       $   306,354
  Accounts receivable                                                 16,286           130,436
  Income tax refund receivable                                        31,800
  Merchandise inventories                                            231,095           100,936
  Prepaid expenses and other                                          31,136            17,466
                                                                 -----------       -----------
      Total current assets                                           704,729           555,192
                                                                 -----------       -----------
PROPERTY AND EQUIPMENT:
  Buildings and improvements                                       6,248,824         6,248,824
  Equipment                                                        1,731,040         1,701,557
  Leasehold improvements                                             325,600           325,600
  Construction in process                                            384,100           294,176
                                                                 -----------       -----------
      Total property and equipment                                 8,689,564         8,570,157
  Less accumulated depreciation and amortization                   2,685,269         2,592,796
                                                                 -----------       -----------
      Property and equipment - net                                 6,004,295         5,977,361
                                                                 -----------       -----------

TOTAL                                                            $ 6,709,024       $ 6,532,553
                                                                 ===========       ===========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
  Note payable under line of credit from related party           $ 1,460,000       $ 1,460,000
  Accounts payable:
     Trade                                                           181,864           105,291
     Related party                                                    21,093            70,563
  Income taxes payable                                                                  59,851
  Accrued liabilities                                                102,316            49,371
  Advance deposits                                                   379,502           149,151
                                                                 -----------       -----------
      Total current liabilities                                    2,144,775         1,894,227
DEFERRED INCOME TAXES                                                178,076           178,076
                                                                 -----------       -----------
      Total liabilities                                            2,322,851         2,072,303
                                                                 -----------       -----------
COMMITMENTS AND CONTINGENCIES (Note 2)

SHAREHOLDERS' EQUITY:
  Preferred stock, $5 par value - authorized, 100,000 shares;
   none issued
  Common stock, $.01 par value - authorized, 2,000,000 shares;
   issued, 718,373 shares                                              7,184             7,184
  Additional paid-in capital                                         656,426           656,426
  Retained earnings                                                3,801,275         3,875,352
                                                                 -----------       -----------
                                                                   4,464,885         4,538,962

  Less common stock in treasury - at cost, 23,916 shares             (78,712)          (78,712)
                                                                 -----------       -----------
      Shareholders' equity - net                                   4,386,173         4,460,250
                                                                 -----------       -----------
TOTAL                                                            $ 6,709,024       $ 6,532,553
                                                                 ===========       ===========
</TABLE>
See notes to unaudited condensed consolidated financial statements

                                  Page 2 of 12
<PAGE>
                        INTERNATIONAL LEISURE HOSTS, LTD.
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                                                      For the three months ended
                                                              June 30,
                                                      -------------------------
                                                         2000           1999
                                                      ---------       ---------
REVENUES:
 Sales of merchandise                                 $ 358,289       $ 355,823
 Room, cabin and trailer space rentals                  309,846         332,358
 Other rentals and income                                45,676          47,741
 Interest                                                 2,410           1,443
                                                      ---------       ---------
    Total revenues                                      716,221         737,365
                                                      ---------       ---------

COSTS AND EXPENSES:
 Cost of merchandise                                    212,232         216,049
 Operating                                              419,008         419,254
 General and administrative                              36,024          30,746
 General and administrative - related party              35,155          28,881
 Net loss on asset disposals                              1,015           2,050
 Depreciation and amortization                           91,256         106,830
 Interest - related party                                27,408          20,206
                                                      ---------       ---------
    Total costs and expenses                            822,098         824,016
                                                      ---------       ---------

Loss before income taxes                               (105,877)        (86,651)

Benefit for income taxes                                (31,800)         (9,332)
                                                      ---------       ---------

NET LOSS                                              $ (74,077)      $ (77,319)
                                                      =========       =========
 NET LOSS PER COMMON SHARE - Basic                    $   (0.11)      $   (0.11)
                                                      =========       =========

See notes to unaudited condensed consolidated financial statements

                                  Page 3 of 12
<PAGE>
                        INTERNATIONAL LEISURE HOSTS, LTD.
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                     Three months ended June 30,
                                                     ---------------------------
                                                          2000          1999
                                                       ---------     ---------
OPERATING ACTIVITIES:
  Net loss                                             ($ 74,077)    ($ 77,319)
  Adjustments to reconcile net loss to net cash
   provided by operating activities:
   Depreciation and amortization                          91,256       106,830
   Net loss on asset disposals                             1,015         2,050
  Changes in assets and liabilities:
   Accounts receivable                                   114,150         8,709
   Income tax refund receivable                          (31,800)      (22,500)
   Merchandise inventories                              (130,159)     (131,219)
   Prepaid expenses and other                            (13,670)       (8,239)
   Accounts payable - trade                               76,573       193,066
   Accounts payable - related party                      (49,470)       34,208
   Income taxes payable                                  (59,851)     (117,684)
   Accrued liabilities                                    52,945        55,493
   Advance deposits                                      230,351       191,054
                                                       ---------     ---------
        Net cash provided by operating activities        207,263       234,449
                                                       ---------     ---------
INVESTING ACTIVITIES:
  Purchases of property and equipment                   (126,705)     (144,306)
  Proceeds from sale of property and equipment             7,500        18,650
                                                       ---------     ---------
        Net cash used in investing activities           (119,205)     (125,656)
                                                       ---------     ---------
FINANCING ACTIVITIES:
  Common stock purchased for treasury                                     (700)
                                                       ---------     ---------

NET INCREASE IN CASH AND CASH EQUIVALENTS                 88,058       108,093

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR             306,354       296,291
                                                       ---------     ---------

CASH AND CASH EQUIVALENTS, END OF PERIOD               $ 394,412     $ 404,384
                                                       =========     =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION -
  Cash paid for interest                               $  35,180     $  30,030
                                                       =========     =========

See notes to unaudited condensed consolidated financial statements

                                  Page 4 of 12
<PAGE>
                        INTERNATIONAL LEISURE HOSTS, LTD.

         NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
            For the Three Month Periods Ended June 30, 2000 and 1999

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions  to Form 10-QSB.  Accordingly,
they do not  include all of the  information  and notes  required  by  generally
accepted accounting principles for complete financial statements. In the opinion
of management, all adjustments and reclassifications  considered necessary for a
fair and comparable  presentation  have been made and are of a normal  recurring
nature.  Operating  results  for the three  months  ended June 30,  2000 are not
necessarily  indicative  of the results that may be expected for the year ending
March 31, 2001. The enclosed financial  statements should be read in conjunction
with the  consolidated  financial  statements and notes thereto  included in the
Company's Annual Report on Form 10-KSB for the year ended March 31, 2000.

1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

International  Leisure  Hosts,  Ltd.  (the  "Company")  operates in one business
segment,  the  ownership and  operation of Flagg Ranch  Resort,  a  full-service
resort motel and trailer park located in the John D.  Rockefeller  Jr.  Memorial
Parkway,  approximately  four miles north of Grand Teton  National  Park and two
miles south of the southern entrance to Yellowstone National Park.

SIGNIFICANT  ACCOUNTING POLICIES - The Company prepares its financial statements
in accordance with accounting principles generally accepted in the United States
of America. A summary of significant accounting policies is as follows:

a.   MERCHANDISE   INVENTORIES  are  stated  at  the  lower  of  aggregate  cost
     (first-in, first-out basis) or market.

b.   PROPERTY  AND  EQUIPMENT  are stated at cost.  Depreciation  is computed by
     straight-line  and  accelerated  methods over the  estimated  useful lives,
     which range from 5 to 40 years, for such assets. Leasehold improvements are
     amortized using the  straight-line  method over the lesser of the estimated
     useful life of the related asset or the term of the lease.

     The  Company  reviews  the  carrying  values of its  long-lived  assets and
     identifiable intangibles for possible impairment whenever events or changes
     in circumstances indicate that the carrying amount of assets to be held and
     used may not be  recoverable.  For assets to be  disposed  of, the  Company
     reports long-lived assets and certain identifiable intangibles at the lower
     of carrying amount or fair value less cost to sell.

c.   INCOME TAXES - Deferred  income taxes have been  provided for the temporary
     differences between financial statement and income tax reporting on certain
     transactions.

d.   USE OF ESTIMATES - The  preparation  of financial  statements in conformity
     with  accounting  principles  generally  accepted  in the United  States of
     America  necessarily  requires management to make estimates and assumptions


                                  Page 5 of 12
<PAGE>
     that affect the reported  amounts of assets and  liabilities and disclosure
     of  contingent  assets  and  liabilities  at  the  date  of  the  financial
     statements  and the reported  amounts of revenues  and expenses  during the
     reporting period. Actual results could differ from those estimates.

e.   NET INCOME PER COMMON SHARE - Basic net income per common share is computed
     by dividing  net income by the  weighted  average  number of common  shares
     outstanding.  The weighted average number of common shares  outstanding was
     694,477 and 694,560  shares for the three month periods ended June 30, 2000
     and 1999,  respectively.  Diluted net income per share  reflects  potential
     dilution  that could  occur  from  common  shares  issuable  through  stock
     options, warrants or other convertible securities; however, the Company has
     no dilutive securities.

f.   STATEMENTS OF CASH FLOWS - For purposes of the  consolidated  statements of
     cash flows, cash and cash equivalents represent cash in banks, money market
     funds, and certificates of deposit with initial  maturities of three months
     or less.

g.   ESTIMATED  FAIR VALUE OF FINANCIAL  INSTRUMENTS - The Company has estimated
     the fair value of its financial  instruments  using available  market data.
     However,  considerable  judgment is required in interpreting market data to
     develop estimates of fair value. The use of different market assumptions or
     methodologies  may have a material  effect on the estimates of fair values.
     The  carrying  values  of  cash,  receivables,  lines of  credit,  accounts
     payable, and accrued expenses approximate fair values due to the short-term
     maturities or market rates of interest.

h.   NEW ACCOUNTING  PRONOUNCEMENT  - The Financial  Accounting  Standards Board
     ("FASB")  issued SFAS No. 133,  ACCOUNTING FOR DERIVATIVE  INSTRUMENTS  AND
     HEDGING  ACTIVITIES.  The  effective  date of SFAS No. 133 is fiscal  years
     beginning  after June 15, 2000.  SFAS No. 133  establishes  accounting  and
     reporting   standards  for  derivative   instruments,   including   certain
     derivatives  embedded in other contracts,  and for hedging  activities.  It
     requires  that  entities   record  all  derivatives  as  either  assets  or
     liabilities,  measured at fair value.  Management has not completed the aof
     the effects SFAS No. 133 will have on its financial statements.

2. COMMITMENTS AND CONTINGENCIES

The Company receives its operating  authorization from the National Park Service
("NPS").  The NPS Contract (the "Contract") which became effective on January 1,
1990, will expire on December 31, 2009.  Under the terms of the Contract,  prior
to December  31,  2002,  the Company is  required to move its  existing  54-unit
riverside  motel from its current  location  to the high ground  above the Snake
River, to provide for new employee housing and make certain other  improvements.
The Company has chosen to meet these  requirements by moving the riverside motel
and  converting it into employee  housing,  plus  building  additional  employee
support  facilities,  which began in summer 1998,  with  expected  completion in
summer 2002.  The remaining  cost of this  relocation is estimated to be between
$165,000 and $415,000  depending on the number of employee housing units and the
extent of additional improvements required by the NPS.

                                  Page 6 of 12
<PAGE>
The Contract  fee to the NPS is  calculated  at 2 percent of gross  receipts (as
defined),  subject to review and possible  adjustment  every five years. For the
three months ended June 30, 2000,  and 1999,  this fee amounted to $13,900,  and
$14,350, respectively, which has been recorded as operating expense.

Flagg Ranch faces competition from hotels,  camping areas and trailer facilities
in Yellowstone and Grand Teton National Parks, as well as from a large number of
hotels and motels in Wyoming,  Montana and Idaho, offering some facilities which
are similar to those offered by Flagg Ranch. In addition,  the business of Flagg
Ranch is susceptible to weather conditions and unfavorable trends in the economy
as a whole.  Business  could be  significantly  affected  depending upon actions
which might be taken by the NPS if cutbacks are made to their budget. If the NPS
decides to close  Yellowstone  National Park for the winter  months,  then Flagg
Ranch would have to discontinue its winter operations. NPS budget cutbacks could
also  negatively  impact  the  length of the  summer  season  and the  number of
visitors to the Parks and have a  corresponding  negative  impact on Flagg Ranch
revenues.

On May 20, 1997,  the Fund for Animals,  Biodiversity  Legal  Foundation et. al.
filed a lawsuit  against  the NPS  challenging  the action of the NPS  regarding
winter use of Yellowstone and Grand Teton National Parks.  The plaintiffs  asked
the Federal Court to stop winter activities,  primarily snowmobiling and related
snow  grooming,   until  environmental  impacts  are  documented.  A  settlement
agreement was reached that required the NPS to prepare an  environmental  impact
statement ("EIS") during which time period the Parks continued  activities under
the then existing winter visitor-use plan.

Upon  completion  of the EIS,  the NPS  prepared  a draft  winter-use  plan with
several  alternatives.   The  NPS  has  indicated  that  the  alternative  which
eliminates snowmobiling from the Park is the preferred alternative.
They have also indicated that once the winter-use  plan is adopted,  there would
be a  phase-in  period  of  up  to  two  years  during  which  time  the  winter
snowmobiling operation could be continued.  It is currently anticipated that the
NPS will adopt a final winter-use plan around October of 2000.

If  the  NPS  goes  forward  with  its  plans  to  eliminate  snowmobiling  from
Yellowstone National Park, then Flagg Ranch would have to suspend or discontinue
winter operations  completely.  This would have a significant negative impact on
the revenues and financial  results of the Company.  During fiscal 2000,  winter
operations accounted for approximately 27% of total revenues.

The  Department of Labor ("DOL") has notified the Company,  on behalf of current
and past  employees,  that additional  overtime is due for the period  beginning
November 1, 1997. Currently the Company pays overtime for any hours in excess of
48 during a one-week period. The Company, as well as other Park concessioners in
the area,  have  operated  under an  exemption  that  exists  in the Fair  Labor
Standards  Act.  The DOL has claimed that this  exemption  does not apply due to
conflicting  language  in the  Contract  Work Hours  Safety  Standard  Act which
requires  overtime to be paid to laborers and mechanics  working on a government
contract after 40 hours worked during a week. If the DOL prevails,  the estimate
of the additional  expense to the Company ranges from $30,000 to $50,000.  While
there is no  guarantee,  the  Company  believes  it will not be  subject  to the
additional overtime payments.

                                  Page 7 of 12
<PAGE>
3. TRANSACTIONS WITH RELATED PARTIES

General and  administrative  - related party expenses for the three months ended
June 30, 2000 and 1999 represent  management  fees and  administrative  expenses
paid  to  related  parties  and  totaled  approximately  $35,000,  and  $29,000,
respectively.  Related  parties during the three months ended June 30, 2000, and
1999 are owned by the Company's current majority owner, Robert Walker, or family
members.  Related parties during the three month period ended June 30, 2000 also
include a company owned by the Company's current President, Michael P. Perikly.

The Company incurred  borrowings under a line of credit agreement with a related
party (Note 4).  Interest  incurred for the three months ended June 30, 2000 and
1999 was $35,180 and $30,030, respectively.

At March 31, 2000, the Company  recorded  payables of $21,093 to related parties
for certain  operating  expenses  paid by the  related  parties on behalf of the
Company.

4. NOTE PAYABLE UNDER LINE OF CREDIT

During   October  1999,  the  Company   renewed  a  line  of  credit   agreement
("Agreement")  with an affiliated  company  expiring  September 30, 2000,  which
provides for  collateralized  borrowings of up to $1,500,000 at an interest rate
of prime plus .5 percent.  Borrowings under the Agreement are  collateralized by
the assets and improvements of Flagg Ranch. The Company has borrowed  $1,460,000
on this line of credit as of June 30, 2000. The terms of the Agreement  contain,
among other  provisions,  requirements  for  maintaining  minimum cash flows (as
defined in the  Agreement) and places  limitations  on the Company's  ability to
make loans.  As of June 30,  2000,  the Company was not in  compliance  with the
minimum cash flow requirement.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

The statements contained in this Report regarding  management's  anticipation of
the Company's facility completion schedules, quality of facilities,  fulfillment
of National Park Service  requirements,  consumer response to marketing efforts,
ability to offset  inflation  and  adequacy of  financing,  constitute  "forward
looking"  statements  within the  meaning of the Private  Securities  Litigation
Reform  Act  of  1995.  Management's  anticipation  is  based  upon  assumptions
regarding  levels  of  competition,   acceptance  of  facilities  by  consumers,
favorable weather  conditions,  ability to complete facility  construction,  the
market in which the Company operates, the stability of the economy and stability
of the  regulatory  e Any of  these  assumptions  could  prove  inaccurate,  and
therefore there can be no assurance that the forward-  looking  information will
prove to be accurate.

The  Company's  net loss for the first  quarter  ended June 30, 2000 was $74,000
($.11 per share).  This  compares to a net loss of $77,000  ($.11 per share) for
the quarter ended June 30, 1999. The $3,000 decrease in loss is primarily due to
an increase in the income tax benefit,  offset by a decrease in room,  cabin and
trailer space rentals from the prior quarter.  Changes in the Company's revenues
and expenses for the quarters ended June 30, 2000 and 1999 are summarized below.
All references to years, represent quarters ending June 30 of the stated year.

                                  Page 8 of 12
<PAGE>
Flagg Ranch,  the principal  business of the Company,  is operated as a seasonal
resort.  The two  seasons  coincide  with  the  opening  and  closing  dates  of
Yellowstone  and  Grand  Teton  National  Parks.  The  summer  season  runs from
approximately  May 22  through  October 8 and the winter  season  runs from late
December  through  mid-March.  Therefore,  the first quarter ended June 30, 2000
consists of only thirty-nine days of operations.

REVENUES

Total  revenues for 2000 decreased by $21,000 or 3% from 1999. Of this decrease,
$18,000 was from motel and cabin  rentals,  $4,000 from RV park rentals,  $5,000
from float trip  revenue,  $8,000 in gift shop sales and $3,000 in grocery store
sales.  Increases of $1,000 from food services,  $11,000 in gasoline sales,  and
$5,000 in miscellaneous  income offset the above  decreases.  The primary reason
for the  decrease  in  cabin  rentals  as well  as RV park  rentals  is due to a
decrease in the number of days of operation during the respective first quarters
from 45 days to 39 days.  The primary  reason for the  decreases  in the various
retail  areas is due to fewer  guests  staying in the  cabins  and RV park.  The
primary  reason  for the  increase  in  gasoline  sales is due to the higher per
gallon selling price of gasoline.

EXPENSES

The ratio of cost of merchandise  sold to sales of merchandise  was 59% and 61%,
respectively,  in 2000 and 1999. Operating expenses remained constant in 2000 as
compared to 1999. The ratio of operating  expenses to total revenue increased to
59% in 2000 from 57% in 1999.

INFLATION

The  Company  expects  that it will be able to  offset  increases  in costs  and
expenses,  principally labor,  caused by inflation,  by increasing prices on its
services with minimal effect on operations.

LIQUIDITY AND CAPITAL RESOURCES

During the last fiscal year, the Company continued work on a project to relocate
the riverside motel and other buildings  located along the Snake River to higher
ground  for use as  employee  dormitories  as well  as the  construction  of new
employee management housing. During the quarter ended June 30, 2000, the Company
incurred  costs of  approximately  $86,000  related  to the  above  construction
projects. In addition the Company has purchased new vehicles and other equipment
at a cost of $41,000.  As a result,  the working capital decreased to a negative
$1,440,000 at June 30, 2000 from a negative $1,339,000 at March 31, 2000.

The Company may incur  additional costs of between $165,000 to $415,000 prior to
December 31, 2002 to finish  relocating  the employee  housing units as required
under the NPS Contract.

The Company intends to fund these  improvements  through existing cash funds and
cash generated  from  operations.  Cash generated from  operations was $706,000,
$964,000,  and  $432,000  for the  fiscal  years  ended  2000,  1999  and  1998,
respectively.  Cash  generated  from  operations for the quarters ended June 30,
2000 and 1999 was $207,000 and $234,000,  respectively.  The construction  funds
will have to be  obtained  from  outside  sources to the extent they exceed cash
generated from  operations.  There is no guarantee that the Company will be able
to procure financing on favorable terms.

                                  Page 9 of 12
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The  Department of Labor ("DOL") has notified the Company,  on behalf of current
and past  employees,  that additional  overtime is due for the period  beginning
November 1, 1997. Currently the Company pays overtime for any hours in excess of
48 during a one-week period. The Company, as well as other Park concessioners in
the area,  have  operated  under an  exemption  that  exists  in the Fair  Labor
Standards  Act.  The DOL has claimed that this  exemption  does not apply due to
conflicting  language  in the  Contract  Work Hours  Safety  Standard  Act which
requires  overtime to be paid to laborers and mechanics  working on a government
contract after 40 hours worked during a week. If the DOL prevails,  the estimate
of the additional  expense to the Company ranges from $30,000 to $50,000.  While
there is no  guarantee,  the  Company  believes  it will not be  subject  to the
additional overtime payments.

ITEM 2. CHANGES IN SECURITIES

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

     None.

ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS

     None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a)  1. Financial Statements

          The following  financial  statements of  International  Leisure Hosts,
          Ltd. are included in Part I, Item 1:

                                                                            Page
                                                                            ----
          Condensed Consolidated Balance Sheets -
          June 30, 2000 (Unaudited) and March 31, 2000                        2

          Condensed Consolidated Statements of Operations -
          3 months ended June 30, 2000 and 1999 (Unaudited)                   3

          Condensed Consolidated Statements of Cash Flows-
          3 months ended June 30, 2000 and1999 (Unaudited)                    4

          Notes to unaudited condensed consolidated financial statements      5

                                  Page 10 of 12
<PAGE>
     (b)  The following exhibits are incorporated by reference as indicated:

          3.1  By-Laws-Adopted  June 22,  1992 - filed with Form 10-K dated
               March 31, 1992

          3.2  Articles  of  Incorporation - filed  with Form 10-K dated
               March 31, 1986, pages 32-41

          10.1 United States  Department  of the Interior  National Park
               Service Contract - filed with Form 10-Q dated December 31, 1989

          27   Financial Data Schedule - filed herewith

                                 Page 11 of 12
<PAGE>
In accordance with the  requirements of the Exchange Act, the registrant  caused
this report to be signed by the undersigned, thereunto duly authorized.


                        INTERNATIONAL LEISURE HOSTS, LTD.
                                  (REGISTRANT)


DATE: August 1, 2000               BY: /s/ Robert L. Walker
                                       -----------------------------------------
                                       Robert L. Walker
                                       Chairman and Chief Executive Officer



DATE: August 1, 2000               BY: /s/ Michael P. Perikly
                                       -----------------------------------------
                                       Michael P. Perikly
                                       President and Principal Financial Officer

                                  Page 12 of 12