10-3-94                  General Reporting Rules                      2018-E

The official  text of Form 12b-25 is shown below.  However,  it has been reduced
for  editorial  reasons  and should be  enlarged  to 8 1/2" by 11" before use or
copies may be obtained from the SEC Office of  Publications  at 202- 942-4046 or
from an SEC regional office [see 30,211].  NOTE: Form 126-25 may also be used by
small  business  issuers to notify the SEC of the late filing of FORM 10-KSB and
Form 10-QSB.

                             UNITED STATES                         OMB APPROVAL
                  SECURITIES AND EXCHANGE COMMISSION       OMB Number: 3235-0058
                        Washington, D.C. 20549
                                                    Estimated average burden
                                                    Hours per response.....2.50
                              FORM 12b-25
                                             Commission File Number:    1-15913
                      NOTIFICATION OF LATE FILING

(Check One):  [] Form 10-K []Form 20-F [] Form 11-K [X]Form 10-Q [] Form N-SAR

                  For Period Ended: May 31, 2003
                  [    ] Transition Report on Form 10-K
                  [    ] Transition Report on Form 20-F
                  [    ] Transition Report on Form 11-K
                  [    ] Transition Report on Form 10-Q
                  [    ] Transition Report on Form N-SAR
                  For the Transition Period Ended:

Read  Instruction (on back page) Before  Preparing  Form.  Please Print or Type.
Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:


PART I--REGISTRANT INFORMATION

United States Basketball League, Inc.
       Full Name of Registrant


Former Name if Applicable

                  46 Quirk Road
Address of Principal Executive Office (Street and Number)

                Milford, CT  06460
             City, State and Zip Code


PART II-- RULES 12b-25(b) AND (c)

If the subject  report could not be filed without  reasonable  effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

(a) The reasons  described in  reasonable  detail on Part III of this form could
not be eliminated without  unreasonable effort or expense; [ X ]

(b) The subject annual report,  semi-annual  report,  transition  report on Form
10-K,  Form 20-F,  11-K,  Form N-SAR,  or portion  thereof,  will be filed on or
before the  fifteenth  calendar day following  the  prescribed  due date; or the
subject  quarterly report of transition  report on Form 10-Q, or portion thereof
will be filed on or before the fifth  calendar day following the  prescribed due
date;  and

(c) The  accountant's  statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.

PART III- NARRATIVE

State  below  in  reasonable  detail  why the Form  10-K,  10-Q,  N-SAR,  or the
transition  report or portion thereof,  could not be filed within the prescribed
time period, (Attach Extra Sheets if Needed)

Accountant reviewing quarterly figures as prepared by subsidiary's auditor.


PART IV-- OTHER INFORMATION

(1)      Name and telephone number of person in regard to this notification

         Richard J. Blumberg Esq.                (212)             448-1100
                  (Name)                      (Area Code)     (Telephone Number)

(2) Have all other  periodic  reports  required under Section 13 or 15(d) of the
Securities  Exchange Act of 1934 or Section 30 of the Investment  Company Act of
1940  during the  preceding  12 months  (or for such  shorter)  period  that the
registrant was required to file such reports) been filed? If answer no, identify
repo          XX Yes    No

(3) Is it anticipated that any significant  change in results of operations from
the  corresponding  period for the last  fiscal  year will be  reflected  by the
earnings statements to be included in the subject report or portion Yes XX No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.




                     United States Basketball League, Inc.
                 (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date July 15, 2003       By    /s/ Daniel Meisenheimer, III
                               Daniel Meisenheimer, III, Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                            ATTENTION

Intentional  misstatements  or omissions  of fact  constitute  Federal  Criminal
Violations (See 18 U.S.C. 1001).

                       GENERAL INSTRUCTION

1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.

2. One signed  original and four  conformed  copies of this form and  amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington,  D.C.  20549,  in accordance  with Rule 0-3 of the General Rules and
Regulations  under the Act. The information  contained in or filed with the form
will be made a matter of public record in the Commission files.

3. A manually signed copy of the form and amendments thereto shall be filed with
each  national  securities  exchanged  on which any class of  securities  of the
registrant is registered.

4.  Amendments to the  notifications  must also be filed on form 12b-25 but need
not restate  information  that has been correctly  furnished.  The form shall be
clearly identified as an amended notification.

5. Electronic Filers. This form shall not be used by electronic filers unable to
timely file a report  solely due to  electronic  difficulties.  Filers unable to
submit a report  within  the  time  period  prescribed  due to  difficulties  in
electronic  filing  should comply with either Rule 201 or Rule 202 of Regulation
S-T or apply  for an  adjustment  in  filing  date  pursuant  to Rule  13-(b) of
Regulation S-T.