SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 12b-25

                       Commission File Number 33-55254-03

                           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:  March  31,  1998 
          [ ]  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:



                           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: Relates to entire Form 10-QSB



                         Part I - Registrant Information

                 Full Name of Registrant DYNAMIC ASSOCIATES INC.

                            Former Name if Applicable

                     7373 North Scottsdale Road, Suite B-169
            Address of Principal Executive Office (Street and Number)

                            Scottsdale, Arizona 85253
                            City, State and Zip Code

                        Part II - Rules 12b-25(b) and (C)

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

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

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[X]  (b) The subject annual report, semi-annual report, transition report on
     Form 10-K,  Form 20-F, 11-K or 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 or  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 the reasons why Form 10-K, 20-F, 11-K,
10-Q,  N-SAR,  or the  transition  report or portion  thereof  could not be file
within the prescribed period.

Management is finalizing the narrative.  The Company  expects to file within the
extension period.







Part IV - Other Information

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

         Grace Sim            602              483-8700
           (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 report(s) been filed?  If the answer is no,
identify report(s).

                                                            [ X  ] 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 thereof?

Loss will be about $2.7 million, due mainly to bad debts of former subsidiaries.
                                                            [ X  ] Yes   [ ] 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.

                            DYNAMIC ASSOCIATES, INC.
                  (Name of Registrant as specified in charter)

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


Date:  May 15, 1998                       By:  /s/ Grace Sim
                                            Grace Sim, Director

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