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

                          FORM 12b-25

                  NOTIFICATION OF LATE FILING

(Check One):    Form 10-K      Form 20-F      Form 11-K    X Form 10-Q
                Form N-SAR

     For Period Ended: July 31, 2000
            Transition Report on Form 10-K
            Transition Report on Form 20-F
            Transition Report on Form 11-K
            Transition Report on Form 10-Q
            Transition Report on Form N-SAR
     For the Transition Period Ended: _______________________________

Read Instruction (on back page) Before Preparing Form.  Please Print or Type.

   Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

If the notification relates to portion of the filing checked above, identify
the Item(s) to which the notification relates:
_______________________________________________________________
PART I - REGISTRANT INFORMATION
_______________________________________________________________
Full Name of Registrant
      Lincoln Logs Ltd.
_______________________________________________________________
Address of Principal Executive Office (Street and Number)
      5 Riverside Drive, Chestertown, NY  12817
_______________________________________________________________
City, State and Zip Code

PART II - RULES 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

     (a)  The reasons described in reasonable detail in Part III of
        this form could not be eliminated without unreasonable effort
        or expense;
  X  (b)  The subject annual report, semi-annual report, transition report
        on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
        will be filed on or before the fifteenth calendar day following the
        prescribed due date; or the subject  quarterly report or transition
        report on Form 10-Q, or portion thereof will be filed on or before
        the fifth calendar day following the prescribed due date; and
     (c)  The accountant's statement or other exhibit required by Rule
        12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.

The Registrant is researching a technical income tax question related to the
conversion of debt to equity and the resultant tax ramifications, if any.  The
Registrant has not concluded its research as of the due date for filing its
quarterly report on Form 10-QSB, September 14, 2000.  The Registrant expects
to conclude its research within the time allowed by the filing of this
Form 12b-25 (NY-10-QSB).

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
notification
      William J. Thyne                   518 494-5500
 __________________________     ___________________________________
       ( Name )                     ( Area Code ) ( Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the receding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed?  If answer is no,
identify reports(s).        X Yes           No


(3)  Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof?       Yes         X  No

If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

_____________________________________________________________

                  Lincoln Logs Ltd.
_____________________________________________________________
       ( Name of Registrant as Specified in Charter )

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date: September 14, 2000   By  s/  William J. Thyne, Chief Financial Officer
                               William J. Thyne

INSTRUCTION:  The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature.  If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be
filed with the form.


                                   ATTENTION
       Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).