U.S. Securities and Exchange Commission
                          Washington, D.C.  20549

                                FORM 10-C
                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM
                       
                  Filed pursuant to section 13 or 15(d) of the
                 securities exchange act of 1934 and rule 13a-17
                              or 15d-17 thereunder
        
                               LOTTOWORLD, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


              2150 Goodlette Road, Suite 200, Naples, Florida 33940
                    (Address of principal executive offices)

Issuer's Telephone Number (Including Area Code):  (941) 643-1677 


                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the 
number of shares outstanding:

1.  Title of security:  Common stock, par value $.001 per share
                        -----------------------------------------------------

2.  Number of shares outstanding before the change:  3,573,522
                                                    -------------------------
3.  Number of shares outstanding after the change:   4,240,189
                                                    -------------------------
4.  Effective date of change:  May 15, 1996
                              ----------------------------------------------- 
5.  Method of change:  Sale of additional shares
                      -------------------------------------------------------   
Give brief description of transaction:
     
     The above shares were sold in a private transaction.
          
                          II. CHANGE IN NAME OF ISSUER
                                (Not Applicable)
1.  Name prior to change:   

2.  Name after change:  

3.  Effective date of charter amendment changing name:  

4.  Date of shareholder approval of change, if required:  


Date:  May 17, 1996
                                       By: /s/ Stuart Dubow
                                           -----------------------------------
                                           Stuart Dubow
                                           Chief Financial Officer