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): November 30, 2007
                                                         -----------------

                            BellaVista Capital, Inc.
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             (Exact name of registrant as specified in its charter)


          Maryland                    0-30507                     94-3324992
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(State or other jurisdiction        (Commission                 (IRS Employer
      of incorporation)             File Number)             Identification No.)


      420 Florence Street, Suite 200, Palo Alto, CA          94301
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        (Address of principal executive offices)           (Zip Code)


       Registrant's telephone number, including area code: (650) 328-3060
                                                           --------------


                                       N/A
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          (Former name or former address, if changed since last report)





Item 1.01 Entry into a Material Definitive Agreement.

On November 30, 2007,  the registrant  entered into a Separation  Agreement with
Eric  Hanke,  the  registrant's  Chief  Investment   Officer,   terminating  his
employment  with the registrant  effective as of that date and setting forth the
terms of his  termination.  The  agreement  provides for payment of Mr.  Hanke's
salary for a period of six  months  following  termination,  and  constitutes  a
settlement of all  obligations  due Mr. Hanke by the registrant and a release of
all claims by Mr. Hanke against the registrant.

Item 5.02  Departure of Directors or Certain  Officers;  Election of  Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 30, 2007,  the registrant  entered into a Separation  Agreement with
Eric  Hanke,  the  registrant's  Chief  Investment   Officer,   terminating  his
employment with the registrant effective as of that date.

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 3, 2007               BellaVista Capital, Inc.



                                        By:   /s/ MICHAEL RIDER
                                              --------------------------------
                                              Michael Rider, President