UNITED STATES
                       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) July 25, 1997 (July 22, 1997)




                     ENVIRONMENTAL REMEDIATION HOLDING CORP.
             (Exact name of registrant as specified in its charter)





          Colorado                  333-21567                    88-0218499
(State or other jurisdiction       (Commission                 (IRS Employer
      of incorporation)            file number)              Identification No.)




                         420 Jericho Parkway, Suite 321
                                Jericho, NY 11753
               (Address of principal executive offices) (Zip Code)



Registrant's telephone number, including area code: (516) 433-4730

Item 5. Other Events

$75,000.00  Collective  Bond  issued by The  Insurance  Company  of the State of
Pennsylvania  to the United States  Department of the Interior  Bureau of Indian
Affairs on behalf of Environmental Remediation Holding Corp.



                                   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 hereunto duly authorized.



                                         Environmental Remediation Holding Corp.
                                                     (Registrant)



Dated: July 25, 1997

                                           By: /s/ Noreen G. Wilson
                                               Noreen G. Wilson
                                               Vice President