SEC FILE NUMBER: 33-27230
                                                      CUSIP NUMBER:

                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                FORM 12b-25

                        NOTIFICATION OF LATE FILING

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

              For Period Ended: December 31, 2000
              [  ] Transition Report on Form 10-KSB
              [  ] 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 Attached Instruction Sheet 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


  FOUNTAIN COLONY VENTURES, INC.
___________________________________________________________________________
Full Name of Registrant


___________________________________________________________________________
Former Name if Applicable


  27 Hyakunin-cho, Higashi-ku
___________________________________________________________________________
Address of Principal Executive Office (Street and Number)

  Nagoya, Aichi Prefecture, Japan
____________________________________________________________________________
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)

    |(a)  The reasons described in reasonable detail in 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 the reasons why the Form 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period.  (Attach Extra Sheets If
Needed)

Because Green Medical Company, Ltd., a Japanese corporation, became subject to
public reporting company requirements in the U.S. only relatively recently
through its parent company, Fountain Colony Ventures, Inc., additional time
was needed, for this quarter only, to complete the accounting necessary to
file as part of the quarterly report.

PART IV - OTHER INFORMATION

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

     Robert N. Wilkinson                 (801)        533-9645
     _______________________          ___________  ___________________
          (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 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?  [ ] Yes   [x] 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.




                      Fountain Colony Ventures, 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      February 15, 2001       By     /s/ Katumori Hayashi
     __________________________       ______________________________
                                           Katumori Hayashi, President, Chief
                                           Executive Officer and Chairman of
                                           the Board of Directors


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).


SEC/0279