SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________ FORM 8-K/A-1 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 June 28, 1999 Date of Report (Date of Earliest Event Reported) CAPITOL COMMUNITIES CORPORATION (Exact Name of Registrant as Specified in its Charter) Nevada 0-23450 88-0361144 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 25550 Hawthorne Boulevard, Suite 207, Torrance, CA 90505 (Address of Principal Executive Offices) Registrant's Telephone Number: 310-375-2266 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (A) and (b). Financial information regarding the Company's divestment of the Resorts Subsidiaries and the Contributed Maumelle Property is incorporated by reference from the Company's quarterly report on Form 10-QSB filed with the SEC on August 26, 1999. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on is behalf by the undersigned hereunto duly authorized. Dated: August 24, 1999 CAPITOL COMMUNITIES CORPORATION BY: /s/ Michael G. Todd ------------------------ Michael G. Todd President and Chairman of the Board