Securities and Exchange Commission
                             Washington, D.C. 20549





                                    Form 8-K

                                 Current Report

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): February 10, 1998


                          Datalink Capital Corporation
             (Exact name or registrant as specified in its charter)



FLORIDA                          2-90519                      59-2262718
(State or other           (Commission File No.)              (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation)

                       211 West Wall, Midland, Texas 79701
          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (915) 682-1761


















Item 5.  Other Events.

On February 10, 1998, the Company  canceled  500,000 shares of its common stock.
All of such shares had been issued illegally by the Company's former management,
inasmuch  as  no  corporate  authorization  of  the  issuances  existed  and  no
consideration  was  received by the Company for such shares.  Specifically,  the
cancellations were as follows:

1. 275,000  shares  issued to a former  Director  and  President of the Company.
These shares were issued  illegally as (1) there was no action by the  Company's
Board of Directors  authorizing  the issuance of any of such shares,  (2) at the
time of such issuance,  the corporate charter of the Company had been revoked by
the  Secretary of State of Florida for failure to make  required  filings and to
pay  associated  fees and (3) the  transfer  agent  issued  such  shares on oral
instructions of a person not possessed of Company authority.

2. 25,000 shares  issued to a former  Director and  Corporate  Secretary.  These
shares were issued  illegally as (1) there was no action by the Company's  Board
of Directors  authorizing the issuance of any of such shares, (2) at the time of
such  issuance,  the  corporate  charter of the Company had been  revoked by the
Secretary  of State of Florida for failure to make  required  filings and to pay
associated  fees  and  (3)  the  transfer  agent  issued  such  shares  on  oral
instructions of a person not possessed of Company authority.

3.  200,000  shares  issued  to  individuals  in  anticipation  of fees  due for
investment banking  activities.  These shares were issued illegally as (1) there
was no action by the Company's  Board of Directors  authorizing  the issuance of
any of such shares,  (2) at the time of such issuance,  the corporate charter of
the Company had been revoked by the Secretary of State of Florida for failure to
make  required  filings and to pay  associated  fees and (3) the transfer  agent
issued such shares on oral  instructions  of a person not  possessed  of Company
authority.

As a result of the  cancellation  of the 500,000 shares of Company common stock,
the Company  currently  has  1,456,097  shares  outstanding.  Management  of the
Company owns 731,860 shares, or 50.26% of the outstanding shares.

SIGNATURES

 Pursuant  to the  requirements  of the  Securities  Exchange  Act of 1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

Dated: December 22, 1998

DATALINK CAPITAL CORPORATION



By:  /s/ Glenn A. Little
     --------------------------------
         Glenn A. Little as President