U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  Form 10-KSB/A
                                (Amendment No. 1)

[X]   ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934 (FEE REQUIRED)

For the fiscal year ended                 May 29, 2003
                         ----------------------------------------------
                                      OR
[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
              ACT OF 1934 (NO FEE REQUIRED)

For the transition period from                 to
                              ----------------    -------------------

Commission file number         0-1744
                      -------------------------

Ambassador Food Services Corporation
---------------------------------------------------------------
(Name of small business issuer in its charter)

Delaware                                     44-0656199
---------------------------------------------------------------
(State or other jurisdiction of         (IRS Employer Identification No.)
 incorporation or organization)

5-30 54th Avenue Long Island City, New York          11101
---------------------------------------------------------------
(Address of principal executive offices)          (Zip Code)

Issuer's telephone number:   718-361-2512
                          ----------------
Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

                          Common Stock (Par Value $1)
                          ---------------------------
                               (Title of Class)

Check  whether the Issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Exchange Act during the past 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_____

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will 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-KSB or any
amendment to this Form 10-KSB. [X]

Issuer's revenues for its most recent fiscal year are $ 5,862,844

At May 29, 2003,  there were  734,656  shares of the  Registrant's  common stock
outstanding.  Based on the average of the highest  bid and lowest  asked  prices
reported on the national  over-the-counter  market  (NASDAQ  Symbol  AMBF),  the
aggregate  market value of the shares held by  non-affiliates  of the Registrant
was $ 198,357.12.

Exhibit Index is on page 11.

Transitional Small Business Disclosure Format: YES__   NO_X_

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Item 13.  Exhibits and Reports on Form 8-K

  (a)  Exhibit No.:

        3.1    Articles of Incorporation of the Registrant (1)

        3.2    By-Laws of the Registrant (1)

        10.1   1984 Incentive Stock Option Plan Dated January 31, 1984 (2)

        10.2   Material Contracts Agreement with Paul F. Leathers (1)

        21     Subsidiary of the Registrant (3)

        31.1   Certification of Chief Executive Officer, President and Treasurer
               of  Ambassador  Food Services  Corporation  pursuant to 18 U.S.C.
               Section  1350,  as  adopted   pursuant  to  Section  302  of  the
               Sarbanes-Oxley Act of 2002. (3)

        32.1   Certification of Chief Executive Officer, President and Treasurer
               of  Ambassador  Food Services  Corporation  pursuant to 18 U.S.C.
               Section  1350,  as  adopted   pursuant  to  Section  906  of  the
               Sarbanes-Oxley Act of 2002.  (3)

(1)  This exhibit was filed with Ambassador's 10-K for the fiscal year ended May
     28,  1981.  A copy  of the  Certificate  of  Amendment  of  Certificate  of
     Incorporation changing the Company's name was filed as a supplement to said
     exhibit for the fiscal year ended June 1, 1989.

(2)  This  exhibit was filed with the  Company's  10-K for the fiscal year ended
     May 31, 1984.

(3)  Exhibit attached as part of filing.

Note: The Company will provide,  on the written request of  any  stockholder,  a
      copy of any exhibit to this Form  10-KSB at a rate of  $.15 per page.  The
      minimum  fee  is   $5.00.   Requests  should  be  directed  to  Robert  A.
      Laudicina,  President,  Ambassador Food  Services  Corporation,  5-30 54th
      Avenue, Long Island City, New York 11101.

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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.


                             AMBASSADOR FOOD SERVICES CORPORATION
                             ------------------------------------
                                        (Registrant)



                             By  /s/  Robert A. Laudicina         Date
                                ---------------------------------     ---------
                                  Robert A. Laudicina
                                  President, CEO and Treasurer








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