UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                   FORM 8-K/A



                             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 17, 2005

                              VIKING SYSTEMS, INC.
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             (Exact Name of Registrant as Specified in Its Charter)

                                     Nevada
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                 (State or Other Jurisdiction of Incorporation)

             000-49636                             86-0913802
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     (Commission File Number)           (IRS Employer Identification No.)


   7514 Girard Ave., Ste. 1509, La Jolla, CA                         92037
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   (Address of Principal Executive Offices)                       (Zip Code)

                                  858-456-6608
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              (Registrant's Telephone Number, Including Area Code)


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          (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
      _
     |_| Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)
      _
     |_| Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
      _
     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))
      _
     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))






Item 2.03 Creation of a Direct  Financial  Obligation or an Obligation  under an
Off-Balance Sheet Arrangement of Registrant

     On February  17,  2005,  Viking  Systems,  Inc,  (the  "Company")  borrowed
$300,000  from Brian Miller  pursuant to the terms of a  Convertible  Promissory
Note. A copy of that  Convertible  Promissory  Note is attached as an exhibit to
this Form 8-K. The Note is unsecured  and bears  interest at the rate of 10% per
annum.  The maturity date of the new Note is March 31, 2005. The Company and Mr.
Miller anticipate that the Note will be converted into a replacement Convertible
Debt instrument as part of a debt instrument offering to be made by the Company.

Item 9.01 Financial Statements and Exhibits

C - Exhibits
      Exhibit Number          Description
      --------------          -----------

      10.1                    Convertible Promissory Note

                                   SIGNATURES

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

Dated:  February 17, 2005                 VIKING SYSTEMS, INC.

                                          By:  /s/ Thomas B. Marsh,
                                               President/Chairman of the Board







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