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

                                  Form 10-QSB/A

                                 Amendment No. 1

(Mark One)

[X]  Quarterly Report Pursuant to Section 13 OR 15(d) of the
     Securities Exchange Act of 1934

For the quarterly period ended             MARCH 31, 2000

[]   Transition Report Under Section 13 or 15(d) of the Exchange
     Act

For the transition period from  _______________to________________

Commission file number                     0-20193

                        AMERICOMM RESOURCES CORPORATION
      (Exact name of small business issuer as specified in its Charter)

             DELAWARE                              73-1238709
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                 Identification No.)

15 E. 5TH STREET, SUITE 4000, TULSA, OK            74103-4346
(Address of principal executive offices)           (Zip Code)

(Issuer's telephone number)                        (918) 587-8093

                           NOT APPLICABLE
   (Former name, former address and former fiscal year, if changed
                      since last report)

    State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

    Common Stock, $.001 Par Value - 14,212,923 shares outstanding as of
March 31, 2000.

Transitional Small Business Disclosure Format: [] Yes   [X] No

<TABLE>

                       AMERICOMM RESOURCES CORPORATION

                          INDEX TO FORM 10-QSB/A

                            AMENDMENT NO. 1
<CAPTION>
<S>              <C>                                 <C>
Part I.          FINANCIAL INFORMATION               Page

Item 1.          Financial Statements

                 Balance Sheet at March 31, 2000
                 (Unaudited)                           3

                Statement of Income for the three
                months ended March 31, 2000
                and March 31, 1999
                (Unaudited)                            4

                Statement of Cash Flows for the
                three months ended March 31, 2000
                and March 31, 1999
                (Unaudited)                            5

                Notes to Financial Statements          6

Part II. OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K             10

Signatures                                            11
</TABLE>
<TABLE>

Item 1.  FINANCIAL STATEMENTS

                       AMERICOMM RESOURCES CORPORATION

                              BALANCE SHEET

                               (UNAUDITED)

                             MARCH 31, 2000

                                 ASSETS
<CAPTION>
<S>                                              <C>
Current assets:
  Cash and cash equivalents                      $       4,720
                                                 _____________

     Total current assets                                4,720
                                                 _____________

Investments in prospects                               835,863
Property & equipment net of accumulated
   depreciation of $3,799                               10,757
                                                 _____________

     Total property & equipment                        846,619
                                                 _____________

TOTAL ASSETS                                     $     851,340
                                                 _____________
</TABLE>
<TABLE>
<CAPTION>

            LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                              <C>
Current liabilities:
  Notes payable - related party                       282,754
  Accrued payroll                                      55,395
  Payroll taxes payable                                   632
  Other accrued expenses                               13,676
                                                 ____________

     Total current liabilities                        352,457
                                                 ____________

Stockholders' equity:
  Common stock, $.001 par value;
    authorized 50,000,000 shares
    14,212,923 shares issued, of which
    132 shares are held in Treasury                   14,212
  Capital in excess of par value                   2,166,196
  Retained earnings                               (1,654,222)
  Net income (loss)                               (   27,303)
                                                 ___________

     Total stockholders' equity                      498,883
                                                 ___________

TOTAL LIABILITIES AND EQUITY                     $   851,340
                                                 ___________

<FN>
See accompanying notes to financial statements.
</TABLE>
<TABLE>
                        AMERICOMM RESOURCES CORPORATION

                             STATEMENT OF INCOME

                                (UNAUDITED)

                            FOR THE THREE MONTHS

                   ENDED MARCH 31, 2000 AND MARCH 31, 1999

<CAPTION>

                                       Three Months   Three Months
                                              Ended          Ended
                                          March 31,      March 31,
                                               2000           1999
                                       ____________   ____________
<S>                                    <C>            <C>
Revenues:
  Interest income                      $          0   $        155
                                       ____________   ____________

     Total income                                 0            155
                                       ____________   ____________

Costs and expenses:
  General and administrative
    Expenses                                27,303          41,838
  Interest expense                               0               0
                                       ___________    ____________

     Total costs and expenses               27,303          41,838
                                       ___________    ____________

  Net income (loss)                    $   (27,303)   $    (41,683)
                                       ___________    ____________
  Net income (loss)
    per common share                             0               0
                                       ___________    ____________

Weighted average number of
  common shares outstanding             14,212,923      13,879,589
                                       ___________    ____________
<FN>
See accompanying notes to financial statements
</TABLE>
<TABLE>
                        AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                                (UNAUDITED)

                            FOR THE THREE MONTHS

                   ENDED MARCH 31, 2000 AND MARCH 31, 1999

<CAPTION>
                                       Three Months   Three Months
                                              Ended          Ended
                                          March 31,      March 31,
                                               2000           1999
                                       ____________   ____________
<S>                                    <C>            <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Operations:
  Net income (loss)                    $    (27,303)  $    (41,683)
    Adjustments to reconcile net
    loss to net cash provided
    by operating activities:
    Depreciation expense                        681            525
  Changes in operating assets
    and liabilities:
    Accounts payable                              0              0
    Prepaid expenses                          3,244              0
    Deposits                                  3,244              0
    Accruals                                      0         (2,408)
                                        ___________    ___________

  Total adjustments                           7,169         (1,883)
                                        ___________    ___________
  Net cash provided (used)
    by operating activities                 (20,134)       (43,566)
                                        ___________    ___________

CASH FLOWS FROM INVESTING ACTIVITIES:
  Cash payments for investments
    in prospects                           (108,299)      (128,645)
  Cash payment for the purchase of
    property & equipment                          0              0
                                        ___________    ___________
  Net cash provided (used)
    by investing activities                (108,299)      (128,645)
                                        ___________    ___________

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of common stock                        0              0
  Proceeds from note payable -
    related party                           110,000        105,000
  Repayment of note payable -
    related party                                 0              0
                                        ___________    ___________

  Net cash provided (used) by
    financing activities                    110,000        105,000
                                        ___________    ___________

NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                           (18,433)       (67,211)

CASH AND CASH EQUIVALENTS,
  beginning of year                         23,153         74,225
                                       ___________    ___________

CASH AND CASH EQUIVALENTS,
  end of quarter                       $     4,720    $     7,014
                                       ___________    ___________
<FN>
See accompanying notes to financial statements.
</TABLE>
                        AMERICOMM RESOURCES CORPORATION

                         NOTES TO FINANCIAL STATEMENTS

                                (UNAUDITED)


1.	BASIS OF PRESENTATION:

In the opinion of management the accompanying unaudited financial statements
contain all adjustments, all of which were of a normal recurring nature,
necessary to summarize fairly the Registrant's financial position and results
of operations.  The results of operations for the three months ended March
31, 2000 may not be indicative of the results that may be expected for the
year ending December 31, 2000.  These statements should be read in
conjunction with the financial statements and notes thereto included in the
Registrant's Form 10-KSB for its fiscal year ended December 31, 1999.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Mining and oil and gas properties - The Company uses the successful efforts
method of accounting for its mining and oil and gas activities.  Costs
incurred are deferred until exploration and completion results are evaluated.
At such time, costs of activities with economically recoverable reserves
are capitalized as proven properties, and costs of unsuccessful or
uneconomical development work are expensed.

Cash and cash equivalents - The Company defines cash and cash equivalents
to be cash on hand, cash in checking accounts, certificates of deposit,
cash in money market accounts and certain investments with maturities of
three months or less from the date of purchase.

3.	INCOME TAXES:

As of December 31, 1999, the Company has tax net operating loss carryforwards
totaling approximately $694,000.  If not used, these carryforwards will
expire in the years 2000 to 2018.

Item 2.  PLAN OF OPERATION

     All statements other than statements of historical fact contained herein
are forward-looking statements.  The forward-looking statements were prepared
on the basis of certain assumptions which relate, among other things, to costs
expected to be incurred in the acquisition, exploration and development of
the Company's properties.  Even if the assumptions on which the projections
are based prove accurate and appropriate, the actual results of the Company's
operations in the future may vary widely from the financial projections due
to unforeseen engineering, mechanical or technological difficulties in
drilling wells, general economic conditions, increased competition, changes
in government regulation or intervention in the oil and gas or mining
industries, and other risks described in the Company's filings with the
Securities and Exchange Commission.  Accordingly, the actual results of
the Company's operations in the future may vary widely from the forward-
looking statements included herein.

     As of May 1, 2000, the Registrant had approximately $196,766 cash on
hand, which amount includes the proceeds of a $200,000 private placement of
its common stock which was effected on April 4, 2000.  The Registrant expects
that its cash on hand will be sufficient to fund its operations for 12 months.
The Registrant's material commitments consist of annual lease payments on the
Cheyenne River Prospect of approximately $138,000, of which $104,000 were
paid in March 2000 with the proceeds of a loan described below.  Additional
commitments consist of office lease payments of $3,400 per month.  In January
2000 the Registrant sublet a portion of its office space at $1,000.00 per
month. Mr. Whitehead serves as an executive officer of the Registrant without
compensation.  Pending receipt of additional capital by the Registrant, Mr.
Bradley suspended his salary during 1999 and, effective January 1, 2000,
agreed to serve as an executive officer without compensation.  The Registrant
has a recorded an accrued liability of $55,395.00 as of December 31, 1999
which represents the amount of Mr. Bradley's suspended salary payments
during 1999.

     The Registrant has funded its operations in 1999 from the proceeds of a
$100,000 private placement of shares of its common stock to one accredited
investor and by borrowing from the Albert E. Whitehead Living Trust (the
"AEW Trust").  In March 1999, the Registrant borrowed $105,000 from Albert
E. Whitehead Living Trust pursuant to a promissory note due March 15, 2000
which bears interest at the rate of 10% per annum (the "AEW Note").  The
proceeds of this loan were used to pay lease rentals on the Cheyenne River
Prospect.  The AEW Trust also paid the Registrant's day-to-day operating
expenses from April through September 1999 including, without limitation,
the monthly office lease payments and the salary of the Registrant's
secretary.  Amounts paid by Mr. Whitehead were added to the
principal of the AEW Note which was $172,754.00 as of December 31, 1999 and
$185,508 as of March 15, 2000.  On March 15, 2000, the Registrant issued a
convertible promissory note due March 15, 2001 in the principal amount of
$295,508 to the AEW Trust, which note bears interest at the rate of 10% per
annum and is convertible into shares of the Registrant's common stock at the
price of $0.4370 per share, which represented the market price of the
Registrant's common stock on such date.  The convertible note was issued
to the AEW Trust in consideration of the surrender of the original AEW Note
and the advancement of an additional $110,000 to the Registrant by the AEW
Trust.  The proceeds of this additional loan were used to pay lease rentals
on the Cheyenne River Prospect.

     On April 4, 2000, the Registrant sold 666,666 shares of its Common Stock
at a purchase price of $200,000 to one accredited investor in a private
placement under Section 4(2) of the Securities Act.  The Registrant intends
to use the proceeds of this offering for working capital purposes.  The
Registrant has been actively engaged in discussions with numerous sources
of additional financing for the Registrant and parties which may be
interested in acquiring an interest in the Registrant's properties.  In
March 1999, the Registrant engaged Oak Creek Capital, Inc., on a non-
exclusive basis, for 120 days, to assist the Registrant in locating an
industry partner to participate in the Cheyenne River Prospect.  This
engagement expired and was renewed for an additional 120 day period in
January 2000.  This renewed engagement expired on May 10, 2000.  There can
be no assurance that the Registrant will be successful in locating industry
partners to pay the costs of exploring its properties or in raising the
additional capital required to continue its operations.

     If the Registrant is not successful in raising additional capital, the
Registrant's continued  operations  would  depend  on  the continued
cooperation and support of Messrs. Whitehead  and  Bradley  and  its
ability to raise additional capital or locate an industry partner to
pay the annual lease rentals on, and the costs of exploring its Cheyenne
River Prospect.  Under  the  terms of  the  agreement governing the Cheyenne
River Prospect, as amended, if the Registrant is unable to finance the cost
of the first well on the Cheyenne River Prospect by August 15, 2000, the
Registrant will be required to obtain an additional extension of this date
or seek a buyer for the prospect.  In such event, assuming the parties are
successful in locating a buyer for the prospect, the Registrant would
recover its costs in acquiring the prospect and would receive  50%  of
any profits from the sale of the prospect in excess of such costs.
Given the present environment for selling oil and gas prospects, there
can be no assurance that a sale could be effected on advantageous terms.

     In July the Registrant notified the lessors of 94 of the claims in its
Jessup gold exploration property in Nevada, that it was canceling its lease
agreement with them. In August 1999, the Registrant transferred its interest
in the Verlee and Pancake Summit properties in Nevada to third parties by
quitclaim deed in exchange for a 1% net smelter interest in those properties.
In August the Registrant relinquished the remainder of its gold exploration
properties to concentrate its activities on its Cheyenne River Prospect.
As a result of the cancellation of the leases on the Registrant's gold
exploration property located in Churchill County, Nevada (the "Jessup
Property"), the transfer of its interests in the Verlee and Pancake Summit
Prospects and the decision to relinquish its other gold exploration
properties, the Registrant wrote off $793,266.37 of its assets as of
September 30, 1999.

     Exploration for oil and gas, is highly speculative and involves greater
risks than many other businesses.  Oil  and gas drilling and development is
frequently  marked   by by unprofitable efforts, not only from unproductive
prospects, but  also  from  producing  prospects  which  do not produce
sufficient amounts to return a profit on the amount expended.  Accordingly,
there can be no assurance that the Registrant will be able to discover,
develop or produce sufficient reserves to recover the expenses incurred in
connection with the exploration of its properties, to fund additional
exploration or to achieve profitability.

     The Registrant does not expect any significant change in the number of
its employees during 2000.  If the Registrant is successful in raising
additional capital, it will employ part-time or temporary persons and
consultants in situations where special expertise is required.

PART II - OTHER INFORMATION

Item 6.	Exhibits and Reports on Form 8-K

           (a) Exhibits

               10.1  Convertible note dated March 15, 2000 issued to Albert
                     E. Whitehead Living Trust.		          Filed herewith

               27.1  Financial Data Schedule

          (b) Reports on Form 8-K.  The Registrant has not filed, during the
              quarter for which this report is filed, a Form 8-K.


                        AMERICOMM RESOURCES CORPORATION

                                SIGNATURES

     In accordance with the requirements of the Securities Exchange Act
of 1934, the Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                       AMERICOMM RESOURCES CORPORATION

Date:  November 14, 2000               By:  /s/Thomas R. Bradley
                                       Thomas R. Bradley
                                       President & Chief Financial
                                       Officer (Principal Financial and
                                       Accounting Officer)