SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A


(Mark One)
     [X] Quarterly  report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the quarterly period ended March 31, 1999.

     [ ] Transition report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the transition period from _________to________.


         Commission file number:  I-9418


                            CYBERAMERICA CORPORATION
                          ---------------------------- 
        (Exact name of small business issuer as specified in its charter)





              Nevada                                    87-0509512
          -------------                                ------------- 
  (State or other jurisdiction of           (I.R.S. Employer Identification No.)
   incorporation or organization)





          268 West 400 South, Salt Lake City, Utah            84101
          ----------------------------------------------------------
         (Address of principal executive office)            (Zip Code)


                                 (801) 575-8073
                                -----------------
                           (Issuer's telephone number)


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

                            Yes XX           No    


     The number of outstanding  shares of the issuer's common stock,  $0.001 par
value (the only class of voting stock), as of May 18, 1999 was 3,042,673.









                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 19th day of May 1999.




                         CYBERAMERICA CORPORATION


                               /S/ Richard Surber
                         -------------------------------------------
                         Richard Surber                 May 19, 1999
                         President, Chief Executive Officer and Director




                               /S/ Wayne Newton
                         -------------------------------------------
                         Wayne Newton                   May 19, 1999
                         Controller