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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001047469-99-027974.txt : 19990721
<SEC-HEADER>0001047469-99-027974.hdr.sgml : 19990721
ACCESSION NUMBER:		0001047469-99-027974
CONFORMED SUBMISSION TYPE:	10KSB40/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990331
FILED AS OF DATE:		19990720

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BISHOP EQUITIES INC
		CENTRAL INDEX KEY:			0000882291
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				133632859
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		10KSB40/A
		SEC ACT:		
		SEC FILE NUMBER:	000-21846
		FILM NUMBER:		99666897

	BUSINESS ADDRESS:	
		STREET 1:		7825 FAY AVENUE SUITE 200
		CITY:			LAJOLLA
		STATE:			CA
		ZIP:			92037
		BUSINESS PHONE:		2129120930

	MAIL ADDRESS:	
		STREET 1:		7825 FAY AVENUE SUITE 200
		CITY:			LAJOLLA
		STATE:			CA
		ZIP:			92037
</SEC-HEADER>
<DOCUMENT>
<TYPE>10KSB40/A
<SEQUENCE>1
<DESCRIPTION>10KSB40/A
<TEXT>

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

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

                                  FORM 10-KSB/A
(MARK ONE)

(X)     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                       EXCHANGE ACT OF 1934 [FEE REQUIRED]

                    For the fiscal year ended March 31, 1999

                                       OR

( )      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

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

                         Commission File Number 0-21846

                              BISHOP EQUITIES, INC.
                 (Name of Small Business issuer in its charter)

                NEVADA                                  13-3632859
 (State or other jurisdiction of           (I.R.S. Employer Identification No.)
   incorporation or organization)


     7825 FAY AVENUE, SUITE 200,
         LAJOLLA, CALIFORNIA                               92037
(Address of Principal Executive Office)                 (Zip Code)

        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (619) 456-5777

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

           SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

                                                     NAME OF EACH EXCHANGE
     TITLE OF EACH CLASS                             ON WHICH REGISTERED:
     -------------------                             --------------------
                  NONE                               NONE

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                         COMMON STOCK -- $.001 PAR VALUE
                                (TITLE OF CLASS)



     Check whether the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 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 No  X
                         ---

     Check if there is no disclosure of delinquent filers pursuant to Item 405
of Regulation S-K contained herein, and will not 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-K or any amendment to this
Form 10-KSB. X
            ---

     There have been the following changes to Part II, Item 5 which was
contained in the annual report on Form 10-KSB for the fiscal year ended March
31, 1999, filed on July 15, 1999.


                                       1
<PAGE>

                                     PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

LIMITED PUBLIC MARKET FOR SHARES OF COMMON STOCK

     The Company's Common Stock is traded on the Over-the-Counter Bulletin Board
("OTCBB"). The Company's trading symbol is "BSEQ." The Company's Common Stock
has had a limited trading history, and trading has been limited and sporadic.

     The following table sets forth for the period indicated the high and low
bid quotations for the Common Stock as reported by the OTCBB. The prices
represent quotations between dealers, without adjustment for retail markup, mark
down or commission, and do not necessarily represent actual transactions.

<TABLE>
<CAPTION>
   1999       HIGH BID           LOW BID
<S>           <C>                <C>
1st Quarter     $8.00             $7.75

   1998
4th Quarter     $7.75             $7.50
3rd Quarter     $7.50             $5.00
2nd Quarter     $5.50             $5.50
1st Quarter     $6.50             $5.50

   1997
4th Quarter     $6.50             $6.50
3rd Quarter     $6.50             $6.00
2nd Quarter     $6.50             $6.50
</TABLE>

     There are approximately 100 record holders of the Company's Common Stock.

     All other portions of the previously filed annual report on Form 10-KSB
dated March 31, 1999, remain unchanged.


                                       2
<PAGE>

                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, on the 19th day of July 1999.


                        By:   /s/Franklyn S. Barry, Jr.
                              -------------------------------------------------
                              Franklyn S. Barry, Jr., Chief Executive Officer


         In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant and in the capacities and
on the dates indicated.

<TABLE>
<CAPTION>
         SIGNATURE                                   TITLE                 DATE
<S>                                 <C>                                <C>
/s/James A. Joyce                   Chairman of the Board              July 19, 1999
- ---------------------------         Secretary, Director
James A. Joyce




/s/Franklyn S. Barry, Jr.           Chief Executive Officer,           July 19, 1999
- ---------------------------         President, Interim Chief
Franklyn S. Barry, Jr.              Financial Officer, Director
                                    (Principal Accounting Officer)



                                    Director                           July ___, 1999
- ---------------------------
Edward G. Broenniman
</TABLE>


                                       3
</TEXT>
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