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: August 10, 2001

                               ENDOVASC LTD., INC.
             (Exact name of registrant as specified in its charter)

          Nevada                        000-28371             76-0512500
(State or other jurisdiction of  (Commission File Number)    (IRS Employer
incorporation or organization)                            Identification Number)

                          15001 Walden Road, Suite 108
                             Montgomery, Texas 77356
                    (Address of principal executive offices)

                                 (936) 448-2222
              (Registrants' telephone number, including area code)



Item  5.          Other  Events.

     SETTLEMENT  OF  LEGAL  PROCEEDING.  We were named as a defendant in a civil
lawsuit  styled David F. Miller v. Endovasc Ltd., Inc., Number 99-4-02283-CV, in
the  9th  Judicial  District  Court  of Montgomery County, Texas.  The plaintiff
claimed  damages  as a result of an alleged breach of consulting a contract with
us.  A  bench  trial was held on May 14, 2001.  On June 15, 2001, a judgment was
entered  against  us in the amount of $3,240,000.00 plus pre- and post- judgment
interest.  This  judgment  exceeded  the  book  value of our assets.  We filed a
motion  for  a  new  trial, and the parties participated in mediation prior to a
ruling  on  our motion for a new trial.  The mediation resulted in a settlement,
which  was entered into the Court records on August 10, 2001. As a result of the
settlement,  we issued 8,000,000 free-trading shares, based on an exemption from
registration  provided  by  Section  3(a)  (10) of the Securities Act of 1933 as
amended,  of  our  common  stock  in  the  name of the plaintiff. The settlement
terminated  all  disputes of any kind between the parties, and also terminated a
related  matter  styled David F. Miller v. Gary Ball Case # CV0003644, in Washoe
County,  Nevada.



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.



                                     ENDOVASC  LTD.,  INC.



August  14,  2001                            -----------------------------------
                                     By: /s/ David  P.  Summers
                                             David  P.  Summers
                                             Chief  Executive  Officer