<PAGE>












































             U. S. Securities and Exchange Commission
                     Washington, D. C.  20549

                          FORM 10-KSB

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

     For the fiscal year ended December 31, 1997

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from _____________ to ____________

                   Commission File No. 0-24688


                       G/O INTERNATIONAL, INC.
                       -----------------------
          (Name of Small Business Issuer in its Charter)

         COLORADO                                        76-0025986
         --------                                        ----------
(State or Other Jurisdiction of                (I.R.S. Employer I.D. No.)
 incorporation or organization)

                            11849 Wink
                      Houston, Texas  77024
                      ---------------------
             (Address of Principal Executive Offices)

            Issuer's Telephone Number:  (713) 783-1204


                               N/A
                               ---
  (Former Name or Former Address, if changed since last Report)

Securities Registered under Section 12(b) of the Exchange Act:   None
Name of Each Exchange on Which Registered:             None
Securities Registered under Section 12(g) of the Exchange Act:   $0.01 par
value common voting stock

     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 Company was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

     (1)   Yes  X    No            (2)   Yes  X    No
               ---      ---                  ---      ---

     Check if there is no disclosure of delinquent files in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Company'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.  [ ]

State Issuer's revenues for its most recent fiscal year:   December 31, 1997 -
$114,925.

     State the aggregate market value of the voting stock held by
non-affiliates computed by reference to the price at which the stock
was sold, or the average bid and asked prices of such stock, as of a specified
date within the past 60 days.

    March 19, 1998 - $13,953.72.  There are approximately 1,395,372 shares of
common voting stock of the Company held by non-affiliates.  During the past
two years there has been no "established public market" for shares of common
voting stock of the Company, so the Company has arbitrarily valued these
shares based on $0.01 par value per share.

           (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                  DURING THE PAST FIVE YEARS)

                             N/A

             (APPLICABLE ONLY TO CORPORATE ISSUERS)

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

                         March 19, 1998

                            6,135,372


               DOCUMENTS INCORPORATED BY REFERENCE

          A description of "Documents Incorporated by Reference" is contained
in Item 13 of this report.

Transitional Small Business Issuer Format   Yes  X   No ___
                                                ---
<PAGE>

                              PART I

Item 1.  Description of Business.
         ------------------------

Business Development.
---------------------

          On October 2, 1997, G/O International, Inc., a Colorado corporation
(the "Company") issued a total of 40,000 shares of its common stock to seven
offshore purchasers in reliance on Regulation S of the Securities and Exchange
Commission.  These issuances are disclosed in the Company's Current Report on
Form 8-K, which was filed on March 25, 1998.  See the Exhibit Index, Part III,
Item 13 of this Report.

          On October 29, 1997, the Board of Directors of the Company
unanimously resolved to issue 20,000 "unregistered" and "restricted" shares to
each of the following directors of the Company in consideration of services
rendered:  Jack Burns; Michael L. Caswell; and Sam Bono.  All of these shares
have been issued as of the date of this Report.  See the caption "Recent Sales
of Unregistered Securities," Part II, Item 5 of this Report.

          For a discussion of the business development of the Company from
inception to the end of the calendar year ended December 31, 1996, see its
Registration Statement on Form 10-SB-A3, filed with the Securities and
Exchange Commission on June 2, 1995; its Annual Report on Form 10-KSB-A1
for the calendar year ended December 31, 1994, filed on August 2, 1995; its
Annual Report on Form 10-KSB-A1 for the calendar year ended December 31,
1995, filed on June 17, 1996; and its Annual Report on Form 10-KSB for the
calendar year ended December 31, 1996, filed June 2, 1997, each of which is
incorporated herein by this reference.  See Part III, Item 13 of this Report.

Business.
---------

          The Company has had no business operations since approximately
December 15, 1989. The sole business operations of the Company or any of its
subsidiaries are those of its 50.7%-owned subsidiary Waterbury Resources Inc
("Waterbury").  Waterbury is engaged in the business of purchasing, training
and selling thoroughbred horses in the United States and Europe.

Principal Products or Services and their Markets.
-------------------------------------------------

          The Company's 50.7%-owned subsidiary, Waterbury, purchases, trains
and sells thoroughbred horses.  Principal markets are the United States and
Europe.

Competition.
------------

          Management believes that there are literally thousands of entities
engaged in the thoroughbred horse industry.  Many of these entities have
substantially greater assets and experience than Waterbury, and Waterbury's
competitive position is not expected to be significant.

Sources and Availability of Raw Materials.
------------------------------------------

          None; not applicable.

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements or
Labor Contracts.
----------------

          None; not applicable.

Governmental Approval of Principal Products or Services.
--------------------------------------------------------

          None; not applicable.

Effects of Existing or Probable Governmental Regulations.
---------------------------------------------------------

          The Company is subject to Regulation 14A of the Commission, which
regulates proxy solicitations.  Section 14(a) of the Securities Exchange Act
of 1934, as amended (the "1934 Act"), requires all companies with securities
registered pursuant to Section 12(g) thereof to comply with the rules and
regulations of the Commission regarding proxy solicitations, as outlined in
Regulation 14A. Matters submitted to stockholders of the Company at a special
or annual meeting thereof or pursuant to a written consent will require the
Company to provide its stockholders with the information outlined in Schedules
14A or 14C of Regulation 14; preliminary copies of this information must be
submitted to the Commission at least 10 days prior to the date that definitive
copies of this information are forwarded to stockholders.

     The Company is also required to file annual reports on Form 10-KSB
and quarterly reports on Form 10-QSB with the Commission on a regular basis,
and will be required to timely disclose certain material events (e.g., changes
in corporate control; acquisitions or dispositions of a significant amount of
assets other than in the ordinary course of business; and bankruptcy) in a
Current Report on Form 8-K.

     Management believes that these obligations will increase the Company's
annual legal and accounting costs, but it is expected that assets will be
sufficient to meet these costs; in the event that assets are not sufficient,
it is likely that management will advance funds or that funds will be raised
through the private placement of the Company's securities to accredited
investors.  See the heading "Plan of Operation" of the caption "Management's
Discussion and Analysis or Plan of Operation", Part I, Item 2 of this Report.

Cost and Effect of Compliance with Environmental Laws.
------------------------------------------------------

          None; not applicable.

Research and Development Expenses.
----------------------------------

          None; not applicable.

Number of Employees.
--------------------

          None; not applicable.

Item 2.  Description of Property.
         ------------------------

               Other than cash of approximately $9,848, and horses valued at
$70,700, the Company and its subsidiaries have no assets or property; the
Company's principal executive office address and telephone number are the
business office address and telephone number of its President, Jack L. Burns,
and are provided at no cost.

Item 3.  Legal Proceedings.
         ------------------

          The Company is not a party to any pending legal proceeding.  No
federal, state or local governmental agency is presently contemplating any
proceeding against the Company.  No director, executive officer or affiliate
of the Company or owner of record or beneficially of more than five percent of
the Company's common stock is a party adverse to the Company or has a material
interest adverse to the Company in any proceeding.

Item 4.  Submission of Matters to a Vote of Security Holders.
         ----------------------------------------------------

          During the fourth quarter of the calendar year ended December 31,
1997, no matter was submitted to a vote of the Company's security holders,
whether through the solicitation of proxies or otherwise.

                                  PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.
         ---------------------------------------------------------

Market Information
------------------

          There has been no "public market" for shares of the Company's
common stock during the past five years.  On or about September 1, 1995, the
Company obtained a listing on the OTC Bulletin Board of the NASD under the
trading symbol "GOII."  However, except as shown below, no bid or asked
quotations have been reflected since that time.  There can be no assurance
that a public market for the Company's securities will develop.

          The range of high and low bid quotations for the Company's
common stock during the each quarter of the calendar years ended December 31,
1996 and December 31, 1997, is shown below.  Prices are inter-dealer
quotations as reported by the NASD  and do not necessarily reflect
transactions, retail markups, mark downs or commissions.

<TABLE>
<CAPTION>
                             STOCK QUOTATIONS*

                                                  BID

Quarter ended:                          High                Low
--------------                          ----                ---

<S>                                     <C>                 <C>

March 31, 1996                          Unpriced            Unpriced

June 30, 1996                           Unpriced            Unpriced

September 30, 1996                      Unpriced            Unpriced

December 31, 1996                       1                   1

March 31, 1997                          1                   1

June 30, 1997                           1                   1

September 30, 1997                      1                   1

December 31, 1997                       1                   1

</TABLE>

          There are no outstanding options, warrants or calls to purchase
any of the authorized securities of the Company.

          The sales of a total of 4,040,000 shares of common stock pursuant to
Regulation S during the calendar years ended December 31, 1996 (4,000,000
shares), and 1997 (40,000 shares) and the issuance of a total of 110,000
shares in consideration of services rendered (50,000 shares in 1996, and
60,000 shares in 1997) were the only sales of any securities of the Company
during the past three years.  Future sales of any of these "restricted
securities" or any securities that may be issued in the future may have an
adverse effect on any "public market" that may develop in the common stock of
the Company.

          In addition to the above referenced shares, David M Klausmeyer,
David R. Strawn, Esq. and Michael L. Caswell beneficially own a total of
1,590,000 "unregistered" and "restricted" shares of the Company's common stock
for which the one year holding period provided in Rule 144 expired in 1989;
these shares may now be sold pursuant to Rule 144 in any "public market" that
may develop.

          During the period ended May 31, 1994, Leonard W. Burningham, Esq.
acquired 150,000 shares of the Company's common stock pursuant to Rule 701 of
the Securities and Exchange Commission, and these shares were subject to a
90-day holding period commencing on October 12, 1994, the effective date of
the Company's Registration Statement on Form 10-SB.  This holding period has
since expired and these shares may be sold without restriction in any "public
market" that may develop for the Company's securities.

          No assurance can be given that any "public market" will develop in
the common stock of the Company, or if any such "public market"
does develop, that it will continue or be sustained for any period of time.

Holders
-------

          The number of record holders of the Company's common stock as of
March 19, 1998, was approximately 771.

Dividends
---------

          The Company has not declared any cash dividends with respect to its
common stock, and does not intend to declare dividends in the foreseeable
future.  The present intention of management is to utilize all available funds
for the development of the Company's business.  There are no material
restrictions limiting, or that are likely to limit, the Company's ability to
pay dividends on its common stock.

Recent Sales of Unregistered Securities.
----------------------------------------

         For a discussion of the sales by the Company of "unregistered" and
"restricted" shares of its common stock during the period covered by this
Report, see the heading "Business Development" of the caption "Description of
Business," Part I, Item 1 of this Report.

Item 6.  Management's Discussion and Analysis or Plan of Operation.
         ----------------------------------------------------------

Plan of Operation.
------------------

          The Company's only material operations and revenues from operations
during the last calendar year were those of Waterbury.

          During the next twelve months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing.
Management anticipates that the Company's current cash reserves of
approximately $9,848 will be sufficient to pay for administrative expenses of
the Company for the next 12 months.  In the event that additional funding is
required in order to keep the Company in good standing, the Company may
attempt to raise such funding through a private placement of its common stock
to accredited investors.

          At the present time, management has no plans to offer or sell any
securities of the Company.  However, at such time as the Company may decide to
engage in such activities, management may use any legal means of conducting
such offer or sale, including registration with the appropriate federal and
state regulatory agencies and any registration exemptions that may be
available to the Company under applicable federal and state laws, including
sales exempt under Regulation S.

Results of Operations.
----------------------

          Revenues for the calendar years ending December 31, 1996 and 1997,
were $21 and $114,945, respectively.

          The Company had a net loss of $25,510 (a loss of $0.00 per share)
during the calendar year ended December 31, 1996, and a net loss of $42,821 (a
loss of $0.01 per share) for the year ended December 31, 1997.

Liquidity.
----------

          During the calendar year ended December 31, 1996, the Company and
its subsidiaries had total expenses of $42,803, while receiving $21 in
revenues; the Company and its subsidiaries received approximately $114,945 in
revenues, with total expenses of $90,545 during the calendar year ended
December 31, 1997.

Item 7.  Financial Statements.
         ---------------------

          Consolidated Financial Statements for the year ended
          December 31, 1997

          Independent Auditor's Report

          Consolidated Balance Sheets - December 31, 1997

          Consolidated Statements of Operations from inception
          on January 1, 1991 to December 31, 1997
          and the Years ended December 31, 1997 and
          1996

          Consolidated Statements of Stockholders' Equity (Deficit)
          for the period January 1, 1991 to December 31,
          1997

          Consolidated Statements of Cash Flows from inception
          on January 1, 1991 to December 31, 1997
          and the Years ended December 31, 1997 and
          1996

          Notes to Consolidated Financial Statements

Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
---------------------

          On or about January 16, 1997, the Company retained Jones, Jensen and
Company, Certified Public Accountants, of Salt Lake City, Utah, to audit its
financial statements for the calendar year ended December 31, 1996.  This
change in accountants was disclosed in the Company's Current Report on Form
8-K, dated January 16, 1997, and filed with the Commission on January 22,
1997, which is incorporated herein by reference. See the Exhibit Index, Part
I, Item 13 of this Report.

                                 PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

Identification of Directors and Executive Officers
--------------------------------------------------

     The following table sets forth the names of all current directors and
executive officers of the Company.  These persons will serve until the next
annual meeting of stockholders (held in June of each year) or until their
successors are elected or appointed and qualified, or their prior resignation
or termination.

<TABLE>
<CAPTION>

                                      Date of          Date of
                    Positions         Election or      Termination
  Name              Held              Designation      or Resignation
  ----              ----              -----------      --------------
<S>                 <C>                 <C>               <C>

Jack L. Burns       President           10/95               *
                    Treasurer           10/95               *
                    Director            10/95               *

Michael L. Caswell  Vice President       1/86               *
                    Secretary            1/86               *
                    Director             1/86               *

Sam Bono            Director             7/95               *

</TABLE>
          *    These persons presently serve in the capacities indicated.

Business Experience.

          Jack L. Burns, President, Treasurer and Director.  Mr. Burns, age
68, graduated from the University of Florida in 1959 with a Master of Science
degree in Engineering.  He spent 26 years with Exxon Corporation, holding
various senior management positions in the U.S., Australia, Far East and
Middle East.  At the time of his election to retire, he was Vice President of
Esso Middle East, a wholly-owned subsidiary of Exxon Corporation.  Since
retiring in 1985, Mr. Burns has been a private investor and has been engaged
in charitable activities as a National Trustee of the Society of St. Vincent
de Paul.

          Michael L. Caswell,  Vice President, Secretary and Director.  Mr.
Caswell is 50 years of age.  He graduated from Texas A & M University in 1970
with a Bachelor of Science degree in Petroleum Engineering.  He has been the
President of CasKids Operating Company (Houston, Texas) since August 1983.
CasKids is engaged in the oil and gas business.  Mr. Caswell is responsible
for the engineering, geological engineering and management of CasKids and the
properties it operates.

          Sam Bono, Director. Mr. Bono, age 61, is a graduate of the
University of Florida.  For the last five years, he has been the owner and
sole proprietor of the Direct Sales Company of Houston, Texas, a firm that
specializes in the sale and distribution of industrial supplies.

Family Relationships
--------------------

          There are no family relationships between any directors or executive
officers of the Company, either by blood or by marriage.

Involvement in Certain Legal Proceedings
----------------------------------------

          Except as indicated below and to the knowledge of management, during
the past five years, no present or former director, person nominated to become
a director, executive officer, promoter or control person of the Company:

          (1)  Was a general partner or executive officer of any business by
               or against which any bankruptcy petition was filed, whether at
               the time of such filing or two years prior thereto;

          (2)  Was convicted in a criminal proceeding or named the subject of
               a pending criminal proceeding (excluding traffic violations and
               other minor offenses);

          (3)  Was the subject of any order, judgment or decree, not
               subsequently reversed, suspended or vacated, of any court of
               competent jurisdiction, permanently or temporarily enjoining
               him from or otherwise limiting his involvement in any type of
               business, securities or banking activities:

          (4)  Was found by a court of competent jurisdiction in a civil
               action or by the Securities and Exchange Commission or the
               Commodity Futures Trading Commission to have violated any
               federal or state securities or commodities law, and the
               judgment has not been reversed, suspended, or
               vacated.

Compliance with Section 16(a) of the Exchange Act
-------------------------------------------------

         On November 28, 1997, each of the Company's directors (Jack L. Burns;
Michael L. Caswell; and Sam Bono) filed a Form 4 Statement of Changes in
Beneficial Ownership with the Securities and Exchange Commission.  These
filings were made in connection with each person's acquisition of 20,000
"unregistered" and "restricted" shares of common stock in consideration of
services rendered.  See the heading "Business Development" of the caption
Description of Business," Part I, Item 1, and the Summary Compensation Table
of Part III, Item 10 of this Report.

          Yankee Investments Ltd. and Charlie Investments Ltd., both of which
entities are the beneficial owners of more than 10% of the Company's issued
and outstanding common stock, filed with the Securities and Exchange
Commission Form 5 Annual Statements of Changes in Beneficial Ownership in
March, 1998, in connection with the acquisition of shares of the Company's
common stock in October, 1997.

Item 10. Executive Compensation.
         -----------------------

Cash Compensation
-----------------

          The following table sets forth the aggregate compensation paid by
the Company for services rendered during the periods indicated:

<TABLE>
<CAPTION>


                                      SUMMARY COMPENSATION TABLE
<S>          <C>        <C>        <C>        <C>        <C>          <C>      <C>        <C>
                                                                  Long Term Compensation
                             Annual Compensation               Awards            Payouts

(a)          (b)        (c)        (d)        (e)        (f)          (g)      (h)        (i)
Name and     Year or                          Other      Restricted   Option/  LTIP       All
Principal    Period     $          $          Annual     Stock        SAR's    Payouts    Other
Position     Ended      Salary     Bonus      Compen-    Awards ($)(1)(#)      ($)      Compensa-
             December                         sation($)                                  tion ($)
             31

Jack L. Burns  1996      -0-        -0-           -0-      100           -0-     -0-        -0-
President,     1997      -0-        -0-           -0-      200           -0-     -0-        -0-
Treasurer and
Director

Sam Bono       1996      -0-        -0-           -0-      100           -0-     -0-        -0-
Director       1997      -0-        -0-           -0-      200           -0-     -0-        -0-

Michael L.     1996      -0-        -0-           -0-      100           -0-     -0-        -0-
Caswell        1997      -0-        -0-           -0-      200           -0-     -0-        -0-
Vice Pres.,
Secretary
and Director

</TABLE>

(1)   Each of the Company's directors was paid 10,000 "unregistered" and
      "restricted" shares, valued at par value ($0.01) during the calendar
      year ended December 31, 1996, for services rendered during the year.
      Effective October 29, 1997, the amount of annual compensation was
      increased to 20,000 "unregistered" and "restricted" shares, valued at
      par value, per year.

Bonuses and Deferred Compensation
---------------------------------

          None.

Compensation Pursuant to Plans
------------------------------

          None.

Pension Table
-------------

          None; not applicable.

Other Compensation
------------------

          None.

Compensation of Directors
-------------------------

          At a special meeting of the Company's Board of Directors, held
October 4, 1995, the Board of Directors unanimously resolved to pay to each
director of the Company 10,000 "unregistered" and "restricted" shares of the
Company's common stock, valued at $0.01 per share, for each year or partial
year of service, commencing on the date of the resolution.  Effective October
29, 1997, the Board of Directors resolved to increase the amount of annual
compensation to 20,000 "unregistered" and "restricted" shares, valued at $0.01
per share. As of the date of this Report, 40,000 "unregistered" and
"restricted" shares have been issued to each of the following directors of the
Company:  Jack L. Burns; Michael L. Caswell; and Sam Bono.

Employment Contracts
--------------------

          None.

Termination of Employment and Change of Control Arrangements
------------------------------------------------------------

         There are no employment contracts, compensatory plans or
arrangements, including payments to be received from the Company, with respect
to any director or executive officer of the Company which would in any way
result in payments to any such person because of his or her resignation,
retirement or other termination of employment with the Company or its
subsidiaries, any change in control of the Company, or a change in the
person's responsibilities following a change in control of the Company.

Item 11. Security Ownership of Certain Beneficial Owners and Management.
         ---------------------------------------------------------------

          The following table sets forth the shareholdings of those persons
who own more than five percent of the Company's common stock as of the date of
this Report:

                            Percentage                     Number
Name and Address            of Class              of Shares Beneficially Owned


David M. Klausmeyer          12.7%                         780,000
10878 Westheimer, #178
Houston, Texas  77042

David R. Strawn, Esq.        12.7%                         780,000
11440 W. Bernardo Ct., #300
San Diego, California  92127

Charlie Investments, Ltd.    24.7%                       1,515,000
P. O. Box 2097
Grand Cayman
British West Indies

Yankee Investments, Ltd.     24.7%                       1,515,000
P. O. Box 2097
Grand Cayman
British West Indies        _______                          ______

                             74.8%                       4,590,000



          Each of these individuals or entities has sole investment and
voting power with regard to the securities listed opposite his or its name.

     Security Ownership of Management.
     ---------------------------------

     The following table sets forth the shareholdings of the Company's
directors and executive officers as of the date of this Report:


                           Percentage                Number
Name and Address           of Class            of Shares Beneficially Owned

Jack L. Burns             0.7%                       40,000
11849 Wink
Houston, Texas  77024

Michael L. Caswell        1.1%                       70,000 (1)
3637 W. Alabama, #400
Houston, Texas  77027

Sam Bono                  0.7%                       40,000
11949 FM 3005, #403
Galveston, Texas  77554   ----                       ------

All directors and executive
officers as a group (3)   2.5%                      150,000


          (1)  30,000 of these shares are held in the name of M.L. Caswell
               Investments, which is a "doing business as" name of Mr.
               Caswell.


          Each of these individuals has sole investment and voting power
with regard to the securities listed opposite his name.  See Part III, Item 9
of this Report for information concerning the offices or other capacities in
which the foregoing persons serve with the Company.

Changes in Control
------------------

          To the knowledge of the Company's management, there are no present
arrangements or pledges of the Company's securities which may result in a
change in control of the Company.

Item 12. Certain Relationships and Related Transactions.
         -----------------------------------------------

Transactions with Management and Others.
----------------------------------------

          There have been no material transactions, series of
similar transactions or currently proposed transactions, to which the Company
or any of its subsidiaries was or is to be a party, in which the amount
involved exceeds $60,000 and in which any director or executive officer, or
any security holder who is known to the Company to own of record or
beneficially more than five percent of the Company's common stock, or any
member of the immediate family of any of the foregoing persons, had a material
interest.

Certain Business Relationships.
-------------------------------

          There have been no material transactions, series of
similar transactions or currently proposed transactions, to which the Company
or any of its subsidiaries was or is to be a party, in which the amount
involved exceeds $60,000 and in which any director or executive officer, or
any security holder who is known to the Company to own of record or
beneficially more than five percent of the Company's common stock, or any
member of the immediate family of any of the foregoing persons, had a material
interest.

Indebtedness of Management.
---------------------------

          There have been no material transactions, series of
similar transactions or currently proposed transactions, to which the Company
or any of its subsidiaries was or is to be a party, in which the amount
involved exceeds $60,000 and in which any director or executive officer, or
any security holder who is known to the Company to own of record or
beneficially more than five percent of the Company's common stock, or any
member of the immediate family of any of the foregoing persons, had a material
interest.

Parents of the Issuer.
----------------------

         None; not applicable.

Transactions with Promoters.
----------------------------

          There have been no material transactions, series of
similar transactions, currently proposed transactions, or series of similar
transactions, to which the Company or any of its subsidiaries was or is to be
a party, in which the amount involved exceeds $60,000 and in which any
promoter or founder, or any member of the immediate family of any of the
foregoing persons, had a material interest.

Item 13. Exhibits and Reports on Form 8-K.*
         ---------------------------------

Reports on Form 8-K**

          Current Report on Form 8-K dated January 16, 1997

          Current Report on Form 8-K dated October 16, 1997

Exhibits*

          (i)
                                          Where Incorporated
                                            in this Report
                                            --------------

Registration Statement on Form 10-SB-A1**     Part I

Annual Report on Form 10-KSB-A1 for the       Part I
calendar year ended December 31, 1994**

Annual Report on Form 10-KSB-A1 for the       Part I
calendar year ended December 31, 1995**

Annual Report on Form 10-KSB for the          Part I
calendar year ended December 31, 1996**

          (ii)

Exhibit
Number               Description

------               -----------

 21       Subsidiaries of the Company

 27       Financial Data Schedule

          *    Summaries of all exhibits contained within this
               Report are modified in their entirety by reference
               to these Exhibits.

          **   These documents and related exhibits have been
               previously filed with the Securities and Exchange
               Commission and are incorporated herein by reference.


                            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.

                                    G/O INTERNATIONAL, INC.


Date:  3-23-98                      By  /s/ J.L. Burns
      ------------                      ----------------------
                                        Jack L. Burns, Director
                                        President and Treasurer


Date:  3/23/98                      By  /s/ Michael L. Caswell
      ------------                      ----------------------
                                        Michael L. Caswell, Director,
                                        Vice President and Secretary


          Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, this Report has been signed below by the following persons
on behalf of the Registrant and in the capacities and on the dates indicated:

                                    G/O INTERNATIONAL, INC.


Date:  3-23-98                      By  /s/ J.L. Burns
      -------------                     ----------------------
                                        Jack L. Burns, Director
                                        President and Treasurer



Date: 3/23/98                       By  /s/ Michael L. Caswell
      ------------                      ----------------------
                                        Michael L. Caswell, Director
                                        Vice President and Secretary




<PAGE>

                     G/O INTERNATIONAL, INC.
                  (A Development Stage Company)

                CONSOLIDATED FINANCIAL STATEMENTS

                        DECEMBER 31, 1997
<PAGE>
                   INDEPENDENT AUDITORS' REPORT

Directors and Stockholders
G/O International, Inc.
(a Development Stage Company)
Houston, Texas

We have audited the accompanying consolidated balance sheet of G/O
International, Inc. (a development stage company) as of December 31, 1997 and
the related consolidated statements of operations, stockholders' equity
(deficit) and cash flows for the years ended December 31, 1997 and 1996 and
from inception of  the development stage (January 1, 1991) to December 31,
1997.  These consolidated financial statements are the responsibility of the
Company's management.  Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial
statements are free of material misstatements.  An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
consolidated financial statements.  An audit also includes assessing the
accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation.  We believe
that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the consolidated financial position
of G/O International, Inc. (a development stage company) at December 31, 1997
and the consolidated results of their operations and their cash flows, for the
years ended December 31, 1997 and 1996 and from inception of development stage
(January 1, 1991) to December 31, 1997 in conformity with generally accepted
accounting principles.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern.  As discussed in Note 8,
the Company is in the development stage and has limited assets, working
capital, sustained losses during its development stage and has capital
deficiencies which together raise substantial doubt about its ability to
continue as a going concern.  Management's plans regarding those matters are
also discussed in Note 8.  The consolidated financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.
/S/Jones, Jensen & Company
Jones, Jensen & Company
Salt Lake City, Utah
March 6, 1998
<TABLE>
                     G/O INTERNATIONAL, INC.
                  (A Development Stage Company)
                    Consolidated Balance Sheet

<CAPTION>
                              ASSETS
                                                December 31,
                                                    1997

CURRENT ASSETS

<S>                                              <C>
  Cash                                           $  9,848

     Total Current Assets                           9,848

OTHER ASSETS

  Organization costs                                1,920
  Horses                                           70,700

    Total Other Assets                             72,620

TOTAL ASSETS                                      $82,468

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

  Accounts payable                                $    58
  Accrued interest                                    165
  Advances from stockholders (Note 4)              39,385

    Total Current Liabilities                      39,608

MINORITY INTEREST                                  72,879

STOCKHOLDERS' EQUITY (DEFICIT)

  Common stock, $0.01 par value, 20,000,000
  shares authorized; 6,135,372 shares issued
  and outstanding                                  61,354
  Additional paid-in capital                    2,339,228
  Accumulated deficit prior to the development
  stage                                        (2,330,609)
  Deficit accumulated during the development
  stage                                           (99,992)

    Total Stockholders' Equity (Deficit)          (30,019)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  (DEFICIT)                                    $   82,468
</TABLE>
<PAGE>
<TABLE>
                     G/O INTERNATIONAL, INC.
                  (A Development Stage Company)
              Consolidated Statements of Operations
<CAPTION>
                                                                     From
                                                                Inception on
                                                                 January 1,
                                          For the Years Ended     1991 to
                                              December 31,      December 31,
                                        1997           1996         1997
<S>                                    <C>          <C>         <C>
REVENUES
  Horse sales                           $ 114,925    $     -     $ 114,925
  Other income                                 20           21          58

  Total Revenues                          114,945            21     114,983

COST OF SALES                              79,010           -       79,010

GROSS MARGIN                               35,935           21      35,973

EXPENSES:

   General and administrative              89,013        42,443    163,134
   Interest expense                         1,532           360      1,892

     Total Expenses                        90,545        42,803    165,026

NET LOSS FROM OPERATIONS                  (54,610)      (42,782)   (129,053)

MINORITY INTEREST                          11,789        17,272      29,061

NET LOSS                                $ (42,821)   $ (25,510)  $ (99,992)

LOSS PER SHARE                          $   (0.01)   $   (0.00)
</TABLE>
<TABLE>
                        G/O INTERNATIONAL, INC.
                     (A Development Stage Company)
       Consolidated Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                                      Additional
                                 Common Stock          Paid-in    Accumulated
                                Shares    Amount       Capital      Deficit
<S>                            <C>        <C>       <C>          <C>
Balance, January 1, 1991
(inception of development stage) 323,866  $ 3,239    $2,321,443  $(2,330,609)

Net income (loss) for the year
 ended December 31, 1991             -        -             -            (72)

Balance, December 31, 1991       323,866    3,239     2,321,443   (2,330,681)

Net income (loss) for the year
 ended December 31, 1992             -        -             -         (1,466)

Balance, December 31, 1992       323,866    3,239     2,321,443   (2,332,147)

Net income (loss) for the year
 ended December 31, 1993             -        -             -         (1,678)

Balance, December 31, 1993       323,866    3,239     2,321,443   (2,333,825)

Shares issued to directors in
 lieu of services rendered and
 offset of advances, 1,500,000
 shares at $0.01 per share on
 May 6, 1994                   1,500,000   15,000           -            -

Issuance of shares for legal
 services at $0.01 per share on
 July 26, 1994                   150,000    1,500           -            -

Net income (loss) for the year
 ended December 31, 1994             -        -             -        (24,350)

Balance, December 31, 1994     1,973,866   19,739     2,321,443   (2,358,175)

Shares returned back to the
 Company and cancelled in
 February 1995                   (18,494)    (185)          185          -

Balance forward                1,955,372 $ 19,554    $2,321,628  $(2,358,175)

Issuance of shares for cash,
 October 23, 1996 at $0.01
 per share                     2,000,000   20,000           -            -

Shares issued to directors in
 lieu of services rendered,
 November 1995 at $0.01 per
 share                            30,000      300           -            -

Net income (loss) for the year
 ended December 31, 1995             -        -             -         (4,095)

Balance, December 31, 1995     3,985,372   39,854     2,321,628   (2,362,270)

Issuance of 2,000,000 shares
 for cash, March 12, 1996 at
 $0.01                         2,000,000   20,000           -            -

Issuance of 50,000 shares for
 services on October 31, 1996
 at $0.01                         50,000      500           -            -

Liquidating dividend                 -        -          (6,400)         -

Net income (loss) for the year
 ended December 31, 1996             -        -             -        (25,510)

Balance, December 31, 1996     6,035,372   60,354     2,315,228   (2,387,780)

Issuance of 40,000 shares for
 cash on October 2, 1997
 at $0.25 per share               40,000       400         9,600          -

Issuance of 60,000 shares for
 services on October 29, 1997
 at $0.01 per share               60,000      600         14,400          -

Net loss for the year ended
 December 31, 1997                   -        -              -        (42,821)

Balance, December 31, 1997     6,135,372  $61,354     $2,339,228  $(2,430,601)
</TABLE>
<TABLE>
                        G/O INTERNATIONAL, INC.
                     (A Development Stage Company)
                 Consolidated Statements of Cash Flows
<CAPTION>
                                                                      From
                                                                 Inception on
                                                                   January 1,
                                           For the Years Ended       1991 to
                                               December 31,      December 31,
                                         1997              1996       1997
<S>                                     <C>             <C>       <C>
CASH FLOWS FROM
 OPERATING ACTIVITIES

NET LOSS                                 $ (42,821)     $(25,510)  $(99,992)
  Reconciliation of net loss to cash
   provided (used) in operating activities
    Common stock issued in lieu of services
     rendered and offset of advances        15,000           500     32,300
  Amortization expense                       1,280            -       1,280
    Minority interest                      (11,787)      (17,272)   (29,059)
    (Increase) decrease in prepaid expenses    986           (986)       -
     Increase (decrease) in accounts
      payable                              (16,076)       10,883     (5,871)
     Increase in accrued expenses              165            -         165
     Increase (decrease) in advances from
      stockholders                            5,000        20,091    39,385

     Net Cash (Used) by Operating
      Activities                            (48,253)      (12,294)   (61,792)

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Purchase of investments                     -          (3,200)    (3,200)
   Decrease of horses                        14,010      (84,710)   (70,700)

     Net Cash (Used) by Investing
      Activities                             14,010      (87,910)   (73,900)

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Payment of dividend                           -        (6,400)    (6,400)
   Cash from minority shareholders               -       101,940    101,940
   Cash from sales of stock                   10,000      20,000     50,000

     Net Cash Provided from Financing
      Activities                               10,000    115,540    145,540

NET CHANGE IN CASH                            (24,243)     15,336     9,848

CASH AT BEGINNING OF PERIOD                    34,091       18,755       -

CASH AT END OF PERIOD                      $   9,848   $    34,091 $  9,848

CASH PAID FOR:

  Interest                                 $     -      $       -   $    -
  Income taxes                                   -              -        -

NON-CASH ITEMS

  Common stock issued in lieu of
   services rendered and offset or
   advances                                $ 15,000     $      500 $ 32,300
  Common stock returned and canceled       $    -        $    -    $     185
</TABLE>
                        G/O INTERNATIONAL, INC.
                     (A Development Stage Company)
            Notes to the Consolidated Financial Statements
                          December 31, 1997


NOTE 1 -    ORGANIZATION

       G/O International, Inc. (the Company) was initially incorporated under
the laws of the State of Colorado in June, 1973 as Rocky Mountain Ventures,
Inc.  During mid 1978, the Company experienced financial difficulties, at
which time new officers and directors were elected, the Company changed its
business activity from hard rock mining to oil and gas exploration,
development and production, and offices were relocated from Denver, Colorado,
to its present location in Houston, Texas.

       On February 4, 1986, the Company filed for protection under Chapter 11
of the United States Bankruptcy Code.  The Company ceased operations in 1988
and did not conduct any business activity other than the closing of its
bankruptcy filing and other organizational activities until it acquired
Waterbury Resources, Inc.

       The Company is now considered to be in the development stage (effective
January 1, 1991  for accounting purposes) and has not commenced planned
principal operations.  For disclosure purposes, the accompanying Statement of
Stockholders' Equity (Deficit) has been reflected from the date of the
inception of the development stage.  The Company has  paid a partially
liquidating dividend.  The dividend was in the form of shares of two of its
subsidiaries.

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       The following is a summary of the significant accounting policies
followed in connection with the preparation of the consolidated financial
statements.

       Income Taxes - Income taxes have been provided on financial statement
income.  There are no deferred income taxes arising from timing differences
which result from income and expense items being reported for financial
accounting and tax reporting purposes in different periods (see Note 7).

       Loss Per Share - The Company computes loss per share by the weighted
average method.  Fully diluted earnings per share are not presented because
the Company does not have common stock equivalents.  As discussed below, the
Company's Board of Directors authorized a reverse split of its outstanding
Common Stock.  All loss per share disclosures have been retroactively restated
to reflect the reverse split.

       Cash and Cash Equivalents - The Company considers all highly liquid
investments with maturities of three months or less to be cash equivalents.

       Use of Estimates - The preparation of consolidated financial statements
in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the consolidated financial statements and the reported amounts
of revenues and expenses during the reporting period.  Actual results could
differ from those estimates.

       Principles of Consolidation - The accompanying financial statements
include the accounts of the Company and its wholly owned subsidiary Antares
Trading, Inc. and its 50.7% owned subsidiary Waterbury Resources, Inc.

NOTE 3 -    BANKRUPTCY FILING

       On February 4, 1986, the Company filed a voluntary petition pursuant to
Chapter 11 of Title 11 of the United States Bankruptcy Code.  At the time of
its filing, the Company had liabilities in excess of $950,000.

       In accordance with the Company's Second Amended Plan of Reorganization
the creditors were broken down into nine separate classes for individual
satisfaction.  A total of $1,496 of debt was paid in cash, $562,098 of debt
was paid through transfer of secured property interest, and the balance of
$338,061 of debt was satisfied through the issuance of 338,062 shares of its
previously unissued common stock.  On March 13, 1992 the Bankruptcy Court
issued its final decree and the Chapter 11 bankruptcy was closed.

NOTE 4 -    ADVANCES FROM STOCKHOLDERS

       Stockholders of the Company have advanced funds to the Company to cover
settlement of bankruptcy obligations and ongoing administrative expenses.  The
advances bear no interest and are repayable on demand as funds become
available.  Total advances amounted to $39,385 at December 31, 1996.

NOTE 5 -    CAPITAL TRANSACTIONS

       On May 6, 1994, the Company's Board of Directors authorized a reverse
split of its outstanding common stock.  The reverse split was on a basis of 1
(one) share for each 100 shares outstanding (1 for 100).  However, no
shareholders' holding was to be reduced to less than 100 shares.  The total
number of shares of common stock outstanding after the split was 323,866.  The
reverse stock split is reflected on a retroactive basis.

       On May 6, 1994, the Company's shareholders adopted, ratified and
approved Board of Directors' resolutions authorizing the issuance of a total
of 1,500,000 post-split shares of its previously unissued common stock to a
director and the former legal counsel (750,000 shares each) in exchange for
services rendered and advances made totaling $15,000.

       On July 26, 1994,  the Company's Board of Directors entered into a
compensation agreement calling for the issuance of 150,000 post-split shares
of its previously unissued commons stock, valued at $1,500, in exchange for
legal services rendered by its current legal counsel.

       During 1995 18,494 shares of common stock was turned back to the
Company and canceled due to rounding of shares in the reverse split of the
Company's common stock.

       On October 23, 1995 the Company issued 2,000,000 shares of its common
stock at $0.01 per share for a total of $20,000.

       During November 1995, 30,000 shares of common stock was issued to
Directors of the Company in lieu of services rendered, valued at $0.01 per
share.

       In March of 1996, 2,000,000 shares of common stock were issued for cash
of $20,000 or $0.01 per share.

       In October of 1996, 50,000 shares of common stock were issued for
services valued $0.01 or $500.

NOTE 6 -    RELATED PARTY TRANSACTIONS

       The President of the Company provides office space and other clerical
services at no cost to the Company.

NOTE 7 -    INCOME TAX

       During 1993 the Company adopted Statement of financial Accounting
Standards No.109 - "Accounting for income Taxes" (SFAS 109).  SFAS 109 is an
asset and liability approach that requires the recognition of deferred tax
assets and liabilities for the expected future tax consequences of events that
have been recognized in the Company's consolidated financial statements or tax
returns.  In estimating future tax consequences, SFAS 109 generally considers
all expected future events other than enactments of changes in the tax law or
rates.  Previously, the Company accounted for income taxes under APB Opinion
No. 11.  Under SFAS 109, in the year of adoption, previously reported results
of operations for that year should be restated to reflect the effects of
applying SFAS 109, and the cumulative effect of adoption on prior years'
results of operations should be shown in the income statement n the year of
change it was determined that there was no cumulative effect on the prior year
earnings.  For tax purposes, the Company had available, at December 31, 1996,
not operating loss ("NOL") carry forwards for regular Federal Income Tax
purposes of an estimated $2,064,959 which are estimated to expire as shown
below.  A valuation, allowance has been established for estimated tax benefits
of the loss carry overs which are not expected to be realized.

                            Year                                   Amount
                            1998                                  $73,718
                            1999                                1,891,249
                            2006                                       72
                            2007                                    1,466
                            2008                                    1,678
                            2009                                   24,350
                            2010                                    4,095
                            2011                                   25,510
                            2012                                   42,821

NOTE 8 -    GOING CONCERN

       The Company has experienced losses totaling $99,992 from inception of
its development stage.  The Company also has limited assets and operating
capital with a stockholder deficit of $30,019 at December 31, 1997.  In light
of this circumstance, the ability of the Company to continue as a going
concern is substantially in doubt.  The consolidated financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.

       Management plans are to seek another entity that wants to consummate an
acquisition by allowing the purchasing entity to buy or exchange unissued
shares of the Company's common stock in order to become a part of a public
company.  Management believes their plans will provide the Company with the
ability to continue in existence.  In the interim management has committed to
meeting its operating expenses.