FORM 8-A

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                AMENDMENT NO. 1

                                   FORM 8-A

              FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                   PURSUANT TO SECTION 12(b) OR (g) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

                   GATEWAY AMERICAN PROPERTIES CORPORATION
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

                Colorado                             84-139-1336
- ----------------------------------------     -----------------------------
(Address of principal executive offices)     (Employer Identification No.)


Securities to be registered pursuant to Section 12(b) of the Act:

            Title of each class              Name of each exchange on which
            to be so registered              each class is to be registered

                  NONE
     -------------------------------      -------------------------------------
     -------------------------------      -------------------------------------
     -------------------------------      -------------------------------------

If this Form relates to the  registration  of a class of debt  securities and is
effective upon filing pursuant to General Instruction A.(c)(1), please check the
following box. |_|

If this Form relates to the registration of a class of debt securities and is to
become  effective   simultaneously   with  the  effectiveness  of  a  concurrent
registration  statement  under the  Securities  Act of 1933  pursuant to General
Instruction A.(c)(2), please check the following box. |_|


Securities to be registered pursuant to Section 12(g) of the Act:


                         Common Stock $.01 Par Value
               -----------------------------------------------
                              (Title of class)

           Common Stock Purchase Warrants to Purchase Common Stock
          ---------------------------------------------------------
                              (Title of class)




     The  Registrant  hereby files this Amendment No. 1 to this Form 8-A for the
purpose of withdrawing  the  Registration  Statement  since the public  offering
propsed to be made pursuant to Registration  Statement No.  333-37991 filed with
the  Securities  and Exchange  Commission  under the  Securities Act of 1933 and
which occasioned the filing of the Form 8-A has been terminated and Registration
Statement No. 333-37991 has been withdrawn.


                                   SIGNATURE

   
Pursuant to the  requirements  of Section 12 of the  Securities  Exchange Act of
1934, the Registrant has duly caused this Registration Statement to be signed on
its  behalf  by the  undersigned,  thereto duly  authorized  on  this 6th day of
March, 1998 in the City of Denver, State of Colorado.
    


                                          GATEWAY AMERICAN PROPERTIES
                                          CORPORATION, a Colorado corporation

                                By /s/ Harvey E. Deutsch
                                       -----------------------------------------
                                       Harvey E. Deutsch, President and Chief
                                       Executive Officer

                                By /s/ Joel H. Farkas
                                       -----------------------------------------
                                       Joel H. Farkas, Vice-President - Finance/
                                       Marketing, Treasurer and Chief Operating
                                       and Accounting Officer




      Pursuant to the requirements of the Section 12 of the Securities  Exchange
Act of 1934,  this  Registration  Statement  has been  signed  by the  following
persons in the capacities and on the dates indicated.

   

SIGNATURE                               TITLE               DATE
- ---------                               -----               ----

/s/ Harvey E. Deutsch                   Director            March 6, 1998
    --------------------------------
    Harvey E. Deutsch

/s/ Joel H. Farkas                      Director            March 6, 1998
    --------------------------------
    Joel H. Farkas

/s/ Michael A. Messina                  Director            March 6, 1998
    --------------------------------
    Michael A. Messina

    




                    Gateway American Properties Corporation
                       9145 East Kenyon Ave., Suite 200
                               Denver, CO 80237
                           telephone (303)843-9742
                              fax (303)843-0143


January 30, 1998


United States Securities and Exchange Commission
Washington, D.C. 20549

            Re:   Acceleration  of  Effectiveness  of Registration on Securities
                  under Section 12(g) of the Securities  Exchange Act of 1934 by
                  Gateway   American   Properties   Corporation   ("Registrant")
                  pursuant to Form 8-A filed herewith.

Gentlemen:

      The Registrant hereby  respectfully  requests that the Registration of its
Common Stock and Common  Stock  Purchase  Warrants  under  Section  12(g) of the
Securities  Exchange  Act  pursuant  to the Form 8-A filed with this  request be
declared effective  simultaneously with the Registrant's  Registration Statement
of Form SB-2 filed under the Securities Act of 1933, Registration No.
333-37991.

Gateway American Properties Corporation



By: /s/ Harvey E. Deutsch
        ----------------------------
        Harvey E. Deutsch, President

Enlosure