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<SEC-DOCUMENT>0000950170-98-001861.txt : 19980915
<SEC-HEADER>0000950170-98-001861.hdr.sgml : 19980915
ACCESSION NUMBER:		0000950170-98-001861
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19980907
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980914
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABLE TELCOM HOLDING CORP
		CENTRAL INDEX KEY:			0000826411
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL WORK [1731]
		IRS NUMBER:				650013218
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-21986
		FILM NUMBER:		98709115

	BUSINESS ADDRESS:	
		STREET 1:		1601 FORUM PL
		STREET 2:		STE 1110
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401
		BUSINESS PHONE:		5616880400

	MAIL ADDRESS:	
		STREET 1:		1601 FORUM PLACE
		STREET 2:		STE 305
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELTA VENTURE FUND INC
		DATE OF NAME CHANGE:	19890312
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>


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

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                    FORM 8-K


                                 CURRENT REPORT


                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

               DATE OF EARLIEST EVENT REPORTED: SEPTEMBER 7, 1998


                            ABLE TELCOM HOLDING CORP.
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

                      FLORIDA                  0-21986           65-0013218
         (STATE OR OTHER JURISDICTION OF    (COMMISSION        (IRS EMPLOYER
          INCORPORATION OR ORGANIZATION)      FILE NO.)      IDENTIFICATION NO.)

              1601 FORUM PLACE
                    SUITE 1110
         WEST PALM BEACH, FLORIDA                                   33401
       (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                  (ZIP CODE)

                                 (561) 688-0400
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


                                 NOT APPLICABLE
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

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

<PAGE>

ITEM 4.   CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

Ernst & Young LLP resigned as auditors of Able Telcom Holding Corp. (the
"Company") effective September 7, 1998. On September 2, 1998, prior to the
resignation by Ernst & Young LLP, the Company sent out a request for proposal
for the audit of the consolidated financial statements of the Company for the
year ending October 31, 1998 to several national accounting firms, including
Ernst & Young LLP. The final selection of an accounting firm is anticipated to
be finalized by the Company in fourth quarter of fiscal 1998.

The reports of Ernst & Young LLP on the Company's financial statements for the
past two fiscal years ended October 31, 1997 and 1996 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope, or accounting principles. In connection with the
audits of the Company's financial statements for each of the two fiscal years
ended October 31, 1997 and 1996, and in the subsequent interim periods, there
were no disagreements with Ernst & Young LLP on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope and
procedures which, if not resolved to the satisfaction of Ernst & Young LLP,
would have caused Ernst & Young LLP to make reference to the matter in their
reports.

Ernst & Young LLP informed the Company of the existence of the following
reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K:

/bullet/  In their Report to the Audit Committee for the year ended October
          31,1997, Ernst & Young LLP advised the Company as to the existence of
          reportable conditions in the Company's system of internal controls.
          These reportable conditions related to (i) the lack of segregation of
          duties over the cash disbursements function, (ii) the failure to
          provide adequate documentation to support the business purpose of
          certain significant transactions with related parties, and (iii) the
          lack of monitoring controls over operations of its foreign
          subsidiaries.

The Company has requested Ernst & Young LLP to furnish it a letter addressed to
the Commission stating whether it agrees with the above statements. A copy of
that letter, dated September 14, 1998, is filed as Exhibit 1 to this Form 8-K.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

          Exhibit 1.     Letter from Ernst & Young LLP

<PAGE>

                                   SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                               ABLE TELCOM HOLDING CORP.
                                                    (REGISTRANT)



September 14, 1998                                   /S/ MARK A. SHAIN
                                                     -----------------
                                                     Mark A. Shain
                                                     Chief Financial Officer

<PAGE>


                                  EXHIBIT INDEX



1.    Letter from Ernst & Young LLP
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<TEXT>


                                                                       EXHIBIT 1

                          ERNST & YOUNG LLP LETTERHEAD


September 14, 1998

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Gentlemen:

We have read Item 4 of Form 8-K dated September 7, 1998, of Able Telcom
Holding Corp. and are in agreement with the statements contained in paragraphs
1 through 4 on page 2 therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.

                                              /s/ Ernst & Young LLP
                                                  -----------------
                                                  Ernst & Young LLP
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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